U.S. Gold Corp. reported that it has extended mineralization 700 feet below the proposed open pit, following receipt of assay results from three additional drill holes completed during the 2021 field season. The Company continues to be encouraged by the positive results from its confirmatory and expansion drilling.

The Company reported additional results from 3 core holes completed during the 2021 drilling program which was primarily focused on advancing geotechnical and hydrologic understanding. Gold and copper assays from the 2021 program have extended mineralization beyond the prefeasibility mineral resource estimate. As such, the Company believes that an increase of mineral resources is possible.