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U.S. Gold Corp.
Summary
| Project: | Copper King | |
|---|---|---|
| Deposit: | Copper King | |
| Location: | United States | |
| Commodities: | Gold-Copper | |
| Date: | 1/11/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-1-2018: U.S. Gold Corp. announces a PEA report for its Copper King deposit at the Copper King project. Updated PEA results incl. pre-tax NPV (5%) of $178.5M, IRR of 33.1%. Mine Development Associates (“MDA”) has prepared this technical report on the Co | |
| Resources: | (Resource, M+I): 59.44Mt @ 0.51g/t Au, 0.180% Cu at project | |
| CP/QP: | [Resources]: Paul Tietz (Mine Development Associates) | |
| ABSTRACT: | Mine Development Associates (“MDA”) has prepared this technical report on the Copper King goldcopper project at the request of U.S. Gold Corp. The purpose of this report is to provide a technical summary containing an updated NI-43-101-compliant Mineral Resource estimate for the project as well as a Preliminary Economic Assessment (“PEA”) for the project based on this resource. This report was written in accordance with disclosure and reporting requirements set forth in the Canadian Securities Administrators’ National Instrument 43-101 (“NI 43-101”), Companion Policy 43-101CP, and Form 43- 101F1. This report uses updated commodity prices to update a report on the property by MDA dated August 24, 2012 (Tietz and Prenn, 2012). The mineral resources reported herein have been re-tabulated from the 2012 report due to a change in the gold equivalence factor, however, the underlying technical data and analysis, and the resource block-model estimate has not been revised. There has been no further drilling or any significant work on the property since the 2012 report, and the mineral resource estimate reported herein is current. The effective date of this report is December 5, 2017. The analysis for this PEA was completed on November 8, 2017 and is current as of that date. | |
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