Cortez

InvestmentPitch Media Video Discusses Sitka Gold's Signing of Drilling Contract and its Plans to Begin Drilling its Alpha Gold Property in Nevada

Retrieved on: 
Thursday, October 26, 2023

Vancouver, British Columbia--(Newsfile Corp. - October 26, 2023) - Sitka Gold (CSE: SIG) (FSE: 1RF) (OTCQB: SITKF) has signed a drilling contract and plans to begin drilling its Alpha Gold Property in Nevada.

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - October 26, 2023) - Sitka Gold (CSE: SIG) (FSE: 1RF) (OTCQB: SITKF) has signed a drilling contract and plans to begin drilling its Alpha Gold Property in Nevada.
  • Sitka has engaged Midnight Sun Drilling Inc., a highly reputable drill contractor with over 50 years of experience, to carry out the next phase of drilling at its Alpha Gold Property in Nevada.
  • If you are unable to view this video, please watch on InvestmentPitch Media's YouTube channel at this link: ( click here ).
  • Of primary importance at the Alpha Gold location is that the rocks have been down-dropped significantly by late extensional faulting.

U.S. Gold Corp. Provides Update on Exploration Potential at the Keystone Project on Nevada's Cortez Trend

Retrieved on: 
Tuesday, September 12, 2023

CHEYENNE, Wyo., Sept. 12, 2023 /PRNewswire/ -- U.S. Gold Corp. (Nasdaq: USAU) (the "Company"), a gold exploration and development company, is pleased to announce the completion of a hyperspectral study of its 20-square mile Keystone project, located in Nevada's Cortez Trend.

Key Points: 
  • CHEYENNE, Wyo., Sept. 12, 2023 /PRNewswire/ -- U.S. Gold Corp. (Nasdaq: USAU) (the "Company"), a gold exploration and development company, is pleased to announce the completion of a hyperspectral study of its 20-square mile Keystone project, located in Nevada's Cortez Trend.
  • With the CK Project approaching a permit approval decision early next year, we have time to turn some of our attention toward exploration, particularly in Nevada.
  • For further details on the Keystone Exploration Project, please visit the company's website .
  • To enhance mineral exploration activities, Exploration Mapping Group, Inc completed a WorldView-3 satellite data remote sensing project for U.S. Gold Corp. centered over the Keystone project in Nevada.

METALLA SELLS CORTEZ MINERAL CLAIMS TO NEVADA GOLD MINES FOR $5 MILLION AND DECLARES A SPECIAL DIVIDEND

Retrieved on: 
Tuesday, July 11, 2023

Brett Heath, President and CEO of Metalla, commented, "This transaction is a great example of the embedded optionality within our portfolio.

Key Points: 
  • Brett Heath, President and CEO of Metalla, commented, "This transaction is a great example of the embedded optionality within our portfolio.
  • Mr. Heath continued, "We are excited to declare a special dividend allowing shareholders of record to take part in this exciting sale.
  • The Property covers approximately 1,060 hectares of exploration land east and south of Nevada Gold Mines' Goldrush deposit along the Battle Mountain-Eureka trend.
  • The table below sets out the Special Dividend record and payment dates for shareholders of record.

Nevada Exploration Provides Project Update

Retrieved on: 
Monday, June 12, 2023

VANCOUVER, British Columbia, June 12, 2023 (GLOBE NEWSWIRE) -- Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V:NGE; OTCQB:NVDEF) provides the following update regarding its Kelly Creek property:

Key Points: 
  • VANCOUVER, British Columbia, June 12, 2023 (GLOBE NEWSWIRE) -- Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V:NGE; OTCQB:NVDEF) provides the following update regarding its Kelly Creek property:
    The Company’s Joint Venture Partner Austin Gold Corp. (“Austin”) has informed the Company that it will terminate certain leases and claim holdings within the Kelly Creek project, representing approximately 60% of the original claim holdings.
  • The Company’s wholly-owned subsidiary, Pediment Gold LLC, and Austin are party to an Exploration and Option to Enter Joint Venture Agreement, with amendments, on the Kelly Creek Project, located on the Battle Mountain—Eureka (Cortez) gold trend in Humboldt County, Nevada.
  • The termination of holdings by Austin has no present impact on the Company’s holdings.
  • The Company will determine whether to maintain such holdings before the due date for payment of Bureau of Land Management fees on September 1, 2023.

NEVADA KING INTERSECTS LOWER PLATE HOSTED CARLIN TYPE GOLD AT ITS IRON POINT PROJECT, BATTLE MOUNTAIN TREND, NEVADA

Retrieved on: 
Tuesday, April 4, 2023

The geologic setting of Iron Point is strikingly similar to the style of known Carlin-type gold deposits occurring along the Carlin and Battle Mountain-Eureka Trends.

Key Points: 
  • The geologic setting of Iron Point is strikingly similar to the style of known Carlin-type gold deposits occurring along the Carlin and Battle Mountain-Eureka Trends.
  • In this respect, Nevada King's discovery hole VM-008C in 2019 represented a giant leap forward toward finding a Carlin-type deposit at Iron Point.
  • Nevada King's VM-008C, today's highlight hole IP22-005, and IP22-004 all confirm Carlin-type gold mineralization hosted in Lower Plate carbonate rocks along a 1,000m long segment of the EMSZ.
  • The exploration potential of the Iron Point Project includes the recognition of multiple exploration target types including: Carlin-type gold, upper plate hosted vanadium, Cu-Mo porphyry, and base and precious metal skarn.

Rio Tinto releases fourth quarter production results

Retrieved on: 
Monday, January 16, 2023

The rate of pot restarts at Kitimat picked up in the fourth quarter and Boyne smelter cell recovery efforts continued.

Key Points: 
  • The rate of pot restarts at Kitimat picked up in the fourth quarter and Boyne smelter cell recovery efforts continued.
  • Unplanned maintenance was required at Kennecott in the fourth quarter of 2022 in our anode furnaces leading to extended downtime and continued poor anode production, likely to result in weak cathode production in the first quarter of 2023.
  • Production constraints related to nationwide electrical power loadshedding at RBM were experienced in the fourth quarter.
  • Successful deployment of the Rio Tinto Safe Production System (SPS) at the concentrator was completed in the year, with record performance metrics achieved in the year, including monthly records for concentrate production and total material moved in the second quarter.

Pipeline West/Clipper Gold Project Exploration Update

Retrieved on: 
Thursday, December 1, 2022

VANCOUVER, British Columbia, Dec. 01, 2022 (GLOBE NEWSWIRE) -- Riley Gold Corp. (TSX.V: RLYG) (OTCQB: RLYGF) (Riley Gold or the Company) is pleased to announce an exploration update at its Pipeline West/Clipper Gold Project (PWC) located in Lander County, Nevada.

Key Points: 
  • VANCOUVER, British Columbia, Dec. 01, 2022 (GLOBE NEWSWIRE) -- Riley Gold Corp. (TSX.V: RLYG) (OTCQB: RLYGF) (Riley Gold or the Company) is pleased to announce an exploration update at its Pipeline West/Clipper Gold Project (PWC) located in Lander County, Nevada.
  • The project area consists of approximately 24.7 square kilometres (sqkm) in the heart of the Cortez section of the Battle Mountain Eureka Trend and adjoins Nevada Gold Mines LLC which is a joint venture between Barrick Gold Corp. and Newmont Corporation.
  • We are pleased to have been advancing our exploration work this Fall/Winter at PWC and are excited to continue those initiatives into 2023.
  • The Companys primary focus is on its two cornerstone assets: the Pipeline West/Clipper Project located in the Battle Mountain Eureka Trend (within the Cortez District) and the Tokop Gold Project located within the Walker Lane Trend.

EQS-News: Element79 Gold: Intelligent strategy for success in Nevada

Retrieved on: 
Sunday, November 27, 2022

It has historically produced at an average of 19 g/t gold equivalent (14 g/t gold and 450 g/t silver)!

Key Points: 
  • It has historically produced at an average of 19 g/t gold equivalent (14 g/t gold and 450 g/t silver)!
  • For both projects, which have already received approval to mine 350 tons of ore per day, Element79 is pursuing a two-step strategy.
  • Machacala already has an inferred resource estimate from 2004 of 420,000 gold equivalent ounces from 1,560,000 tonnes of ore.
  • For both projects, however, Element79 Gold did not yet publish a timeframe and/or budget for further action.

U.S. Gold Corp. Announces the Resignation of Ryan Zinke from its Board of Directors

Retrieved on: 
Tuesday, November 22, 2022

CHEYENNE, Wyo., Nov. 22, 2022 /PRNewswire/ -- U.S. Gold Corp. ("U.S. Gold," the "Company," "we," "our" or "us") (NASDAQ: USAU) a gold exploration and development company, today announced the resignation of the Honorable Ryan K. Zinke from its Board of Directors (the "Board") effective December 31, 2022 (the "Effective Date").

Key Points: 
  • CHEYENNE, Wyo., Nov. 22, 2022 /PRNewswire/ -- U.S. Gold Corp. ("U.S. Gold," the "Company," "we," "our" or "us") (NASDAQ: USAU) a gold exploration and development company, today announced the resignation of the Honorable Ryan K. Zinke from its Board of Directors (the "Board") effective December 31, 2022 (the "Effective Date").
  • Secretary Zinke previously served in Congress representing Montana's at-large congressional district from 2015 to 2017, before serving as Interior Secretary from 2017 to 2019.
  • On behalf of the Board of Directors, the management team, and our shareholders, I thank Ryan and wish him and his family all the best in the future."
  • Luke Norman, Chairman of the Company's Board of Directors said, "We have had the privilege of working with Secretary Zinke since April 2019.

U.S. Gold Corp. Announces the sale of its interest in the Maggie Creek Property for $2.75 million to Nevada Gold Mines LLC (Barrick (61.5%) and Newmont (38.5%) and retains a potential royalty

Retrieved on: 
Thursday, November 10, 2022

Under the U.S. Gold Royalty Agreement, NGM will have the right to buy back one-half of the U.S. Gold Royalty (reducing the royalty to 0.25% of Net Smelter Returns) for a fixed price of $500,000.

Key Points: 
  • Under the U.S. Gold Royalty Agreement, NGM will have the right to buy back one-half of the U.S. Gold Royalty (reducing the royalty to 0.25% of Net Smelter Returns) for a fixed price of $500,000.
  • In addition, the U.S. Gold Royalty Agreement will provide that U.S. Gold waives the first $800,000 of production royalty payments owed to it, regardless of whether NGM exercises its buy-back rights.
  • Under the U.S. Gold Royalty Agreement, NGM will also have a right of first refusal to purchase the U.S. Gold Royalty if U.S. Gold decides to sell that royalty.
  • In 2021, we drilled two holes at the south end of our Maggie Creek exploration project.