US Gold Corp Recap Of The CK Gold Project PFS And Promising Maiden Drill Program At Maggie Creek
George Bee, President and CEO of US Gold Corp. (NSADAQ:USAU) joins us to provide a recap of the Pre-Feasibility Study (PFS) on the Company’s flagship CK Gold Project in Wyoming and promising maiden drill program at the Maggie Creek Project.
We start by discussing the PFS metrics which highlight a $323 Million pre-tax NPV and 39.4% IRR on the Project’s 1.58 million measured & indicated gold equivalent ounces, with and additional 1.44 million proven & probable gold equivalent ounces. At present this projects out to a 10 year mine life at an All-In Sustaining Cost of around $800 per ounce, producing an average of 108,500 ounces of gold eq. per year, and with the first 3 years seeing 135,000 ounces of production for a quick payback period.
We wrap up with comments around what was learned from the drill program that was completed in late June on the Company’s Maggie Creek project on the Carlin Trend in Nevada, where the Popovich formation was hit at much more shallow depths than expected. The Company plans on doing more exploration work at the CK Gold Project, Maggie Creek, and Keystone in 2022.
If you have any follow up questions for George regarding US Gold Corp, then please email us at Fleck@kereport.com or Shad@kereport.com.
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