History and Vision
US Gold was incorporated and went public in 1979 under the name Silver State Mining Corporation. The Company changed its name to U.S. Gold Corporation in 1988 and to US Gold Corporation in 2007. In its history, US Gold has developed or participated in 5 producing properties.
US Gold acquired the Tonkin property on Nevada's prolific Cortez Trend in the mid 1980's and developed a small heap leach gold production operation. Later that decade, the Company constructed a 1,500 ton per day mill which utilized whole-ore bio-oxidation pre-treatment technology of sulfide gold ores, the first such technical application in North America. Due to certain constraints, the mill did not reach commercial operation and was put on care-and-maintenance status since in 1990. After this, US Gold participated in a number of joint venture projects that ultimately left the property under explored.
In 2005 US Gold went through a complete restructuring when Rob McEwen, current Chairman and CEO, bought a large stake in the Company and made exploration US Gold's focus.
Under new leadership, US Gold set a list of goals to position itself uniquely in the market. These included a strong balance sheet to allow for a very aggressive exploration program, a listing in a senior stock exchange to enhance liquidity and the acquisition of additional property along the Cortez Trend to increase the likelihood of a discovery. The Company achieved all these goals by raising $75 million in 2006, being listed on the American and Toronto Stock Exchanges and completing the acquisition of three junior gold companies situated adjacent to US Gold's Tonkin property along the Cortez Trend in 2007.
The New US Gold now has a large land position, a strong treasury and a very experienced and talented exploration team. US Gold is committed to Creating Nevada's Premier Exploration Company!
US Gold acquired the Tonkin property on Nevada's prolific Cortez Trend in the mid 1980's and developed a small heap leach gold production operation. Later that decade, the Company constructed a 1,500 ton per day mill which utilized whole-ore bio-oxidation pre-treatment technology of sulfide gold ores, the first such technical application in North America. Due to certain constraints, the mill did not reach commercial operation and was put on care-and-maintenance status since in 1990. After this, US Gold participated in a number of joint venture projects that ultimately left the property under explored.
In 2005 US Gold went through a complete restructuring when Rob McEwen, current Chairman and CEO, bought a large stake in the Company and made exploration US Gold's focus.
Under new leadership, US Gold set a list of goals to position itself uniquely in the market. These included a strong balance sheet to allow for a very aggressive exploration program, a listing in a senior stock exchange to enhance liquidity and the acquisition of additional property along the Cortez Trend to increase the likelihood of a discovery. The Company achieved all these goals by raising $75 million in 2006, being listed on the American and Toronto Stock Exchanges and completing the acquisition of three junior gold companies situated adjacent to US Gold's Tonkin property along the Cortez Trend in 2007.
The New US Gold now has a large land position, a strong treasury and a very experienced and talented exploration team. US Gold is committed to Creating Nevada's Premier Exploration Company!
