U.S. Gold Corp. has received confirmation from the Bureau of Land Management (BLM) it accepted additional bonding for 50 more acres of disturbance under its effective Plan of Operations (POO). As a result, the company announced an update for its potential 2021 summer exploration program at its 20-square-mile Keystone project, located in Nevada’s Cortez Trend. This program will potentially test several drill targets in areas previously untested and is intended to follow up on encouraging preliminary results from previous years’ drilling. Upon commencement, exploration is planned to pursue Carlin-type gold deposits in a variety of settings within the broader Keystone land package, according to the company.
This additional 50 acres will allow access to several areas of the project that were not accessible in past exploration programs, the company said. The company said it plans to clean up the access roads to gain safe entry.
“Our entire team is very much looking forward to the commencement of the 2021 Keystone drilling season, pending the property becoming accessible, now that the BLM approvals and cultural surveys have been completed,” said Ken Coleman, U.S. Gold Corp.’s chief geologist. “We are waiting for the snow to melt and the property to dry out to allow access. All of us were encouraged with our previous drilling results and feel strongly that additional exploration efforts are warranted in select target areas.”
For the 2021 planned summer exploration program, multiple angled and vertical drill holes are proposed within three high-potential target areas of Keystone. Planned drilling is expected to be composed of a mix of reverse circulation (RC) and core, especially within the Sophia target area, where the most encouraging drill results are associated with extensive void development in Lower Plate rocks. These areas include Sophia, Greenstone Gulch and Tip Top.
“Our 2021 Keystone summer exploration program will be a well-thought out and promising effort in hopes of discovering the next high-grade gold deposit on the Cortez Trend,” President and CEO George Bee said. “The project, which is a culmination of several years of hard work, shows tremendous potential. A new, high-grade discovery could be a game-changer and provide real value to shareholders and we hope this is our year for discovery success.”
