- Company expands its outreach in Cheyenne, Wyoming for the CK Gold
Project
- Opens a new office in Cheyenne in effort to start a long-term
engagement aimed at economic and employment benefits for the
community
CHEYENNE, Wyo., Feb. 23, 2021 /PRNewswire/ -- U.S. Gold Corp.
(NASDAQ: USAU) (the "Company"), a gold exploration and development
company, is pleased to announce the opening of its office in
Cheyenne, Wyoming. The office
establishes a permanent presence and builds upon recent meetings
with state and local stakeholders. The company found great
interest in its initial outline for the CK Gold Project development
and came away with a very positive feeling about the reception from
the locals concerning the opportunity.
The CK Gold Project property is located in the Silver Crown
mining district of southeast Wyoming, approximately 20 miles west of the
city of Cheyenne, on the
southeastern margin of the Laramie Range. The property, 100% owned
by U.S. Gold Corp, would comprise about 1,120 acres at its full
extent by the end of mine life.
"Communication and community outreach is a critical component of
the CK Gold Project," states George
Bee, President and CEO of U.S. Gold Corp. "In February we
have held dozens of meetings with stakeholders in Cheyenne and Laramie and I am encouraged by the initial
interest in the project. As a part of our outreach efforts, we have
joined industry organizations and opened an office in
Cheyenne. We want to provide a local presence and a physical
location where interested parties can learn more about the
project."
"We are excited to welcome U.S. Gold Corp. as a new member of
WTA and this project should provide a new source of revenue at a
critical time for Wyoming," said
Ashley Harpstreith, Executive
Director of the Wyoming Taxpayers Association.
"U.S. Gold Corp.'s CK Gold Project should provide significant
economic activity for Cheyenne and
Laramie County," said Dale Steenbergen, President and CEO of the
Greater Cheyenne Chamber of
Commerce. "The Chamber looks forward to assisting how we can."
"As a new member of WMA, we are excited to watch the CK Gold
Project develop and are hopeful Wyoming will see the benefits of new mining
activity," said Travis Deti,
Executive Director of the Wyoming Mining Association.
The Company is currently conducting a pre-feasibility report,
which covers an array of technical, geological, economic, social,
and operational factors. Included in ongoing activities is a
program that started in September last year, establishing an
environmental baseline covering surface water, sub-surface water,
wetland, fauna and flora and climatological information. The
results of this study are intended to help determine whether the
Company proceeds with a full feasibility study, the next step in
the process prior to the investment decision on advancing with
permitting and construction of the mine. The pre-feasibility
study is slated to be completed in the summer of 2021. U.S. Gold
Corp.'s new Cheyenne office is
located at 211 W 19th St, Suite 100.
About U.S. Gold Corp.
U.S. Gold Corp. is a publicly traded, U.S. focused gold
exploration and development company. U.S. Gold Corp. has a
portfolio of exploration properties. Copper King, now the CK Gold
Project, is located in Southeast
Wyoming and has a Preliminary Economic Assessment (PEA)
technical report, which was completed by Mine Development
Associates. Keystone and Maggie
Creek are exploration properties on the Cortez and Carlin
Trends in Nevada. The Challis Gold
Project is located in Idaho. For more information about U.S.
Gold Corp., please visit www.usgoldcorp.gold.
Safe Harbor
Certain statements in this press release are forward-looking
within the meaning of the Private Securities Litigation Reform Act
of 1995. These statements may be identified by the use of
forward-looking words such as "anticipate," "believe," "forecast,"
"estimated," and "intend," among others. These forward-looking
statements are based on U.S. Gold Corp.'s current expectations, and
actual results could differ materially from such statements. There
are a number of factors that could cause actual events to differ
materially from those indicated by such forward-looking statements.
These factors include, but are not limited to, risks arising from:
the prevailing market conditions for metal prices and mining
industry cost inputs, environmental and regulatory risks, risks
faced by junior companies generally engaged in exploration
activities, whether U.S. Gold Corp. will be able to raise
sufficient capital to implement future exploration programs,
COVID-19 uncertainties, and other factors described in the
Company's most recent Annual Report on Form 10-K, Quarterly Reports
on Form 10-Q, and Current Reports on Form 8-K filed with the
Securities and Exchange Commission, which can be reviewed
at www.sec.gov. The Company has based these
forward-looking statements on its current expectations and
assumptions about future events. While management considers these
expectations and assumptions to be reasonable, they are inherently
subject to significant business, economic, competitive, regulatory,
and other risks, contingencies, and uncertainties, most of which
are difficult to predict and many of which are beyond the Company's
control. The Company makes no representation or warranty that the
information contained herein is complete and accurate and we have
no duty to correct or update any information contained
herein.
For additional information, please contact:
U.S. Gold Corp. Investor Relations:
+1 800 557 4550
ir@usgoldcorp.gold
www.usgoldcorp.gold
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SOURCE U.S. Gold Corp.