US Gold Corporation TSX:UXG announced drill results from its El Gallo Project in Sinaloa State, Mexico. Assays include 115.9 g/t silver over 9.5 metres (including 586 g/t over 1.4 metres), 508 g/t over 1.1 metres, 132.4 g/t over 9.1 metres, 423 g/t over 3.5 metres (including 1,270 g/t over 1.1 metres), 293.8 g/t over 1.8 metres (including 411 g/t over 0.8 metres), 63.7 g/t over 10.6 metres, 83.9 g/t over 14 metres and 211.6 g/t over 14.2 metres.
Chairman/CEO Rob McEwen commented, “With a $30 million exploration program over the next two years, a large land package and multiple new discoveries at and around El Gallo, the potential to expand the resource looks excellent. We are pushing aggressively to grow the size of the project as we move it through feasibility and towards production.”
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Ian J. Ball
by Ted Niles