US Gold Corporation TSX:UXG announced results from its El Gallo Project in Sinaloa State, Mexico. Assays include 233.3 g/t silver over 12.4 metres, 515.6 g/t over 3.2 metres, 77.9 g/t over 17.2 metres, 1,204.8 g/t over 1.1 metres, 76.9 g/t over 21.8 metres, 116.3 g/t over 13 metres, 114.9 g/t over 5.9 metres and 72.2 g/t over 9.5 metres. Drilling also revealed gold results of 27.2 g/t gold over 1 metre, 5.9 g/t over 6 metres (including 13.7 g/t over 1.5 metres) and 1.4 g/t over 5.9 metres.
An expanded infill drill program is underway at El Gallo to upgrade inferred mineralization to the measured and indicated categories. Mine permit application and a feasibility study for El Gallo are expected to be completed by year-end.
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Ian J. Ball
Senior Vice President
by Ted Niles