TSXV:OGN
May 18, 2021

Drilling Update at Maggie Creek, NV

Last month, Orogen’s Joint Venture partner on the Maggie Creek project, U.S. Gold Corp., announced plans for the commencement of core drill testing of a previously untested, covered Carlin-type target on the project. Maggie Creek is  located directly east of Nevada Gold Mines' 25 million gold ounce Gold Quarry mine and processing facilities.

Maggie Creek Project Location Map



Maggie Creek drill rig and Gold Quarry land and plant in the back

Highlights of the drill program:

  • Drilling up to 5,000 feet (approx. 1,500 m) in up to 2 holes as part of ongoing exploration
  • The holes seek to assess a new target concept below post-mineral cover to the east of Nevada Gold Mines' Gold Quarry mine
  • Target was developed using structural projections, gravity data and geochemistry

Ken Coleman, U.S. Gold Corp.'s Chief Geologist, noted, "Previous operators have looked at the property from the standpoint of shallow, open-pit mineable and heap leachable deposit exploration. We have seen over the recent years an increase in exploration under cover for potentially high-grade, underground mineable gold deposits along the Carlin and Battle Mountain-Eureka Gold Belts. I think high-grade, underground mining is the future in Nevada and that the best opportunities for major discoveries will be under cover. Pursuing these opportunities will require proper mapping and sound geologic reasoning, supported by geochemical and geophysical tools. While we will continue to assess near-surface opportunities on our various projects, we will also be placing a stronger emphasis on concealed targets in areas of our projects that have been lightly tested or not previously explored."

On the same news release, George Bee, President and CEO of U.S. Gold Corp. stated, "This drill target is a well-thought out and promising effort to discover the next high grade gold deposit on the Carlin Trend. Previous operators have encountered lower-grade, near surface mineralization at Maggie Creek, but a new, high-grade discovery could be a game-changer and provide real value to shareholders."

For the full news release and forward looking statements, please visit U.S. Gold Corp.’s website:

https://www.usgoldcorp.gold/news-media/press-releases/detail/121/u-s-gold-corp-announces-new-targets-for-upcoming