News: 2010

El Gallo Drilling Expands Mineralization In Several Directions. Main Zone: 88.2 gpt Silver Over... August 16, 2010 - TORONTO, ONTARIO (AUGUST 16, 2010) US GOLD CORPORATION (NYSE Amex: UXG) (TSX: UXG) is pleased to announce assay results for 10 new drill holes at the El Gallo project in Sinaloa State, Mexico. Drilling focused on expanding the Main and North Zones. The three best holes from these respective areas returned 2.6 ounces of silver per ton (opt) over 206.7 feet (ft) [(88.2 grams per tonne (gpt) over 63.0 meters (m)], 3.5 opt silver over 93.2 ft (121.5 gpt over 28.4 m), and 17.4 opt silver over 34.4 ft (596.2 gpt over 10.5 m). View full details | Download PDF

El Gallo Continues to Grow Regional Drilling Encounters Early Success July 27, 2010 - TORONTO, ONTARIO (JULY 27, 2010) US GOLD CORPORATION (NYSE Amex: UXG) (TSX: UXG) is pleased to announce assay results for 15 new drill holes at the El Gallo project that were designed to increase the total number of ounces beyond the initial NI 43-101 resource estimate released on July 6th. The best drill hole, which encountered two separate zones, returned 16.8 ounces of silver per ton (opt) over 78.6 feet (ft) [(576.9 grams per tonne (gpt) over 24.0 meters (m)] and 4.2 opt silver over 42.0 ft (142.3 gpt over 12.8 m). View full details | Download PDF

US Gold Options Listed on Chicago Board of Options Exchange (CBOE) Visibility and Liquidity... July 19, 2010 - TORONTO, ONTARIO (July 19, 2010) US GOLD CORPORATION (NYSE Amex: UXG) (TSX: UXG) is pleased to announce that options on the company started trading on July 9, 2010 on the Chicago Board of Options Exchange (CBOE) under the symbol UXG. View full details | Download PDF

El Gallo Initial Resource Estimate July 6, 2010 - TORONTO, ONTARIO (JULY 6, 2010) US GOLD CORPORATION (NYSE Amex: UXG) (TSX: UXG) is pleased to announce details of an initial resource estimate for its El Gallo Project (100% owned) in Sinaloa State, Mexico. The resource estimate was prepared by Pincock, Allen and Holt (PAH) of Denver, Colorado in accordance with Canadian National Instrument 43-101 standards (NI 43-101). The resource is based on 97,110 feet (29,600 m) of core drilling. View full details | Download PDF

El Gallo Expanded at Depth & to the West. Several Zones Merging Together Resource Estimate 2 Weeks. June 23, 2010 - TORONTO, ONTARIO (JUNE 23, 2010) US GOLD CORPORATION (NYSE Amex: UXG) (TSX: UXG) is pleased to announce results from sixteen new core holes (Fig. 1, Table 1) at the El Gallo Project in Sinaloa State, Mexico. These holes will be included in El Gallo’s initial resource estimate due in two weeks. The results below demonstrate that El Gallo continues to increase in size and that several zones appear to be merging into a single enlarged zone. View full details | Download PDF

Rob McEwen Invites Investors to US Gold's AGM in Toronto on June 14, 2010. 1 King West Hotel,... June 14, 2010 - Rob McEwen, Chairman and CEO of US Gold invites you to attend the company’s 2010 Annual Meeting in Toronto, Ontario. Rob will be providing shareholders and potential investors an update on the company’s activities and his outlook on gold. View full details | Download PDF

El Gallo Drilling Continues to Deliver Impressive Results. Initial Resource Est. Due in 4 Weeks June 9, 2010 - TORONTO, ONTARIO (June 9, 2010) US GOLD CORPORATION (NYSE Amex:UXG)(TSX:UXG) is pleased to announce results from eighteen new core holes (Fig. 1, Table 1) at the El Gallo Project in Sinaloa State, Mexico. The three best results since May 18, 2010 are: 4.6 ounces of silver per ton (opt) over 125.0 feet (ft) (158.1 grams per tonne (gpt) over 38.1 meters (m), 8.3 opt silver over 60.7 ft (285.7 gpt over 18.5 m) and 3.0 opt silver over 91.5 ft (104.1 gpt over 27.9 m). In addition, El Gallo's initial resource estimate is scheduled to be released in approximately four weeks. View full details | Download PDF

El Gallo Recognized as Sinaloa's Discovery of the Year. June 7, 2010 - TORONTO, ONTARIO (June 7, 2010) US GOLD CORPORATION (NYSE Amex: UXG) (TSX: UXG) is pleased to announce the Company’s El Gallo Project has been recognized as Sinaloa’s "Discovery of the Year". This recognition is presented by The Government of Sinaloa through the Mexico’s Ministry of Economic Development to the exploration company with the most significant mineral discovery in Sinaloa State, during the previous year. View full details | Download PDF

El Gallo Metallurgical Results Demonstrate Excellent Silver Recovery May 25, 2010 - TORONTO, ONTARIO--(May 25, 2010) - US GOLD CORPORATION (NYSE Amex:UXG) (TSX:UXG) is pleased to announce the results of metallurgical testing at El Gallo that demonstrates excellent silver recovery. Two types of tests were performed 1) bottle rolls tests to establish silver recoveries under a milling scenario, which is the primary process method being considered and 2) column leach tests, a secondary process that is being studied to treat low grade mineralization. The average recovery from the bottle rolls and column tests were 87% and 54%, respectively. These results will be incorporated into El Gallo's initial resource estimate and Preliminary Economic Assessment. View full details | Download PDF

El Gallo Drilling Expands Silver Mineralization 100 Meters to the East. Best Expansion Hole: 149... May 18, 2010 - TORONTO, ONTARIO (MAY 18, 2010) US GOLD CORPORATION (NYSE Amex: UXG) (TSX: UXG) is pleased to announce results from twenty-five new core holes (Fig. 1, Table 1) at the El Gallo Project in Sinaloa State, Mexico. The three best results since April 26, 2010 are: 12.0 ounces of silver per ton (opt) over 131.1 feet (ft) (410.2 grams of silver per tonne over 40.0 meters (m), 4.3 opt silver over 75.5 ft (149.0 gpt silver over 23.0 m) and 3.3 opt silver over 119.8 ft (114.6 gpt silver over 36.5 m). View full details | Download PDF

Regional Drilling in Mexico Returns 213.9 gpt Silver Over 16.1 Meters at Palmarito May 10, 2010 - TORONTO, ONTARIO--(May 10, 2010) - US GOLD CORPORATION (NYSE Amex:UXG) (TSX:UXG) is pleased to announce results from five core holes at the Palmarito Project in Sinaloa State, Mexico. Palmarito is located 9 miles (15 km) from the Company's flagship El Gallo silver discovery (Fig 1) and is part of an aggressive regional exploration program. The best hole from Palmarito intersected 6.2 ounces of silver per ton (opt) over 52.8 feet (ft) (213.9 grams per tonne silver (gpt) over 16.1 meters (m). View full details | Download PDF

El Gallo: Drilling 350 Meters Away From Known Mineralization Returns Significant Grades & Widths... May 3, 2010 - TORONTO, ONTARIO (May 3, 2010) US GOLD CORPORATION (NYSE Amex: UXG) (TSX: UXG) is pleased to report the results of a significant new core hole (Fig 1) at the El Gallo Project in Sinaloa State, Mexico. This hole intersected 22.9 ounces of silver per ton (opt) over 34.1 feet (ft) (785.7 grams per tonne silver (gpt) over 10.4 meters (m). The intersection occurs 1,150 ft (350 m) southwest of all previous core drilling in a new area named the “Southwest Zone” and starts just 29.5 ft (9.0 m) below surface. View full details | Download PDF

El Gallo Continues to Impress. Expanding Mineralized Zone to the East 247.1 gpt Silver over 30.8m April 26, 2010 - TORONTO, ONTARIO (April 26, 2010) US GOLD CORPORATION (NYSE Amex: UXG) (TSX: UXG) is pleased to announce expansion and in-fill core drill results (Fig. 1) at the El Gallo Project in Sinaloa State, Mexico. The three best results of the twelve holes assayed since April 6, 2010 are: 7.2 ounces of silver per ton (opt) over 100.9 ft (feet) (247.1 grams per tonne silver over 30.8 meters (m), 5.7 opt silver over 110.7 ft (195.2 gpt silver over 33.8 m) and 4.5 opt silver over 100.4 ft (154.5 gpt silver over 30.6 m). View full details | Download PDF

US Gold Announces Positive Preliminary Economic Assessment for Gold Bar Project, Nevada.... April 16, 2010 - Toronto, Ontario (April 16, 2010) - US GOLD CORPORATION (NYSE.AMEX: UXG - TSX: UXG) is pleased to announce results of a Preliminary Economic Assessment (“PEA”) for its 100% owned Gold Bar Project in Nevada. Results demonstrate favourable economic returns at the current gold prices. View full details | Download PDF

El Gallo Continues to Grow Rapidly More Thick Intercepts & Good Grade. 125.6 gpt / 81.4m, 273.8... April 6, 2010 - TORONTO, ONTARIO (April 6, 2010) US GOLD CORPORATION (NYSE Amex: UXG) (TSX: UXG) is pleased to announce additional core drilling results that have expanded the mineralization (Fig. 1) at the El Gallo Project in Sinaloa State, Mexico. The three best holes of the eight assayed since the last update on March 24, 2010 are: 3.7 ounces of silver per ton (opt) over 266.9 ft (feet) (125.6 grams per tonne silver over 81.4 meters (m), 8.0 opt silver over 75.6 ft (273.8 gpt silver over 23.1 m) and 21.1 opt silver over 26.6 ft (725.1 gpt silver over 8.1 m). View full details | Download PDF

US Gold Announces 26% Increase in Measured and Indicated Resources at its Gold Bar Project, Nevada March 31, 2010 - Toronto, Ontario (March 31st, 2010) - US GOLD CORPORATION (NYSE.A: UXG - TSX: UXG) is pleased to announce an improvement in the estimated mineral resource for its 100% owned Gold Bar Project in Nevada. Measured and Indicated (M&I) resources increased 26% to 974,875 oz gold within 36.9 million tons of material with an average grade of 0.026 ounces gold per ton (opt) [0.905 grams gold per tonne (gpt)], from 772,600 oz gold within 25.1 million tons of material with an average grade of 0.031 opt (1.053 gpt). The change represents both the upgrade of mineralization from the Inferred category to M&I, and the variation resulting from new drill information and detailed re- modeling. US Gold’s current estimate incorporates over 100 new holes drilled in 2009 at the Gold Bar Project. The resource was prepared in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards pursuant to National Instrument 43-101 (“NI 43-101”) by Telesto Nevada Inc. of Reno, Nevada. Download PDF

Significant Grades & Widths Continue at US Gold's El Gallo Silver Discovery. 647.0 gpt Silver... March 24, 2010 - TORONTO, ONTARIO (March 24, 2010) US GOLD CORPORATION (NYSE Amex: UXG) (TSX: UXG) is pleased to announce further encouraging core drilling results from five separate areas (Fig. 1) within its El Gallo Project in Sinaloa State, Mexico. Top three best holes (of the twenty-three assayed) since our last update: 18.9 ounces of silver per ton (opt) over 49.5 ft (feet) (647.0 grams per tonne (gpt) over 15.1 meters (m)), 11.8 opt silver over 59.1 ft (404.0 gpt silver over 18.0 m) and 6.7 opt silver over 59.1 ft (228.3 gpt silver over 18.0 m). View full details | Download PDF

El Gallo: Thick Intersections of Good Grade Continue. 283.4 gpt Silver over 39.3 m, 104.4 gpt... March 1, 2010 - TORONTO, ONTARIO (March 1, 2010) US GOLD CORPORATION (NYSE Amex: UXG) (TSX: UXG) is pleased to announce additional core drilling results from the El Gallo Project in Sinaloa State, Mexico. The three best holes from the fifteen assayed since our last update are: 8.3 ounces of silver per ton (opt) over 128.8 ft (feet) (283.4 grams per tonne (gpt) over 39.3 meters (m)), 3.0 opt silver over 176.8 ft (104.4 gpt silver over 53.9 m) and 25.3 opt silver over 23.3 ft (868.9 gpt silver over 7.1 m). These results are part of the 330,000 ft (100,000 m) of drilling planned for El Gallo and surrounding targets this year. View full details | Download PDF

El Gallo Best Drill Results to Date. Long Intersections of High Grade and Near Surface. 11.4 opt... February 11, 2010 - TORONTO, ONTARIO (February 11, 2010) US GOLD CORPORATION (NYSE Amex: UXG) (TSX: UXG) is pleased to announce the most significant results to date from its El Gallo Project in Sinaloa State, Mexico. Exploration was focused on expansion drilling in several areas of the property. The two best results from the eleven holes assayed since our last update are: 11.4 ounces of silver per ton (opt) over 386.8 ft (feet) (390.3 grams per tonne (gpt) over 117.9 m (meters)) and 19.2 opt silver over 95.5 ft (659.0 gpt silver over 29.1 m). View full details | Download PDF

El Gallo Exploration Off to Excellent Start in 2010. 18.6 opt Silver over 134 ft & 4.4 opt Silver... January 28, 2010 - TORONTO, ONTARIO-- US GOLD CORPORATION (NYSE Amex:UXG)(TSX:UXG) is pleased to announce results from two areas at the El Gallo Project in Sinaloa State, Mexico. These results represent the first four core holes drilled at El Gallo in 2010. Highlights include: 18.6 ounces of silver per ton (opt) over 134.2 ft (feet) (638.0 grams per tonne (gpt) over 40.9 m (meters)) and 4.4 opt silver over 239.2 ft (150.9 gpt silver over 72.9 m). Mineralization in both holes starts near-surface. View full details | Download PDF

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