U.S. Gold Corp. Advances Exploration Activities at CK Gold Project

In a significant boost for the gold and copper exploration sector, U.S. Gold Corp. announced on June 10, 2026, the successful completion of an updated geo-magnetic survey at its CK Gold Project. Conducted by Zonge International, Inc., the survey utilized cutting-edge drone-mounted magnetometer technology to cover 325-line kilometers with an average drape of 32 meters over the project area. This strategic advancement underscores U.S. Gold's commitment to uncovering new mineral resources and enhancing its exploration capabilities.

The newly acquired data reveals that copper and gold mineralization extends beyond the previously known drilling areas. As a result, the company is in the process of developing a mineral resource drilling program aimed at testing mineralization at depths below the existing pit shell and exploring new targets identified from the ongoing geophysical program.

Initial findings from the expanded survey have validated magnetic anomalies previously detected in a ground magnetometer survey conducted back in 2017. These anomalies indicate the presence of additional structures and magnetite-altered zones that may be capable of hosting gold and copper mineralization. Notably, these anomalous areas align with a strong northwesterly structural fabric, a factor of great significance since mineralization at CK Gold is characterized by a high magnetic signature.

To enhance the understanding of the new data, U.S. Gold Corp. has contracted Wright Geophysics for advanced interpretation. Moreover, a gravity survey is scheduled for late July, also conducted by Zonge, to further investigate the same area. This survey aims to identify rock packages that are conducive to mineralization and assess known mineralization from historical mining activities.

Mr. Kevin Francis, U.S. Gold's VP of Exploration & Technical Services, expressed enthusiasm about the findings, stating, "We are excited to see the additional anomalies similar to the historical Copper King Mine. We expect this information will lead to new exploration efforts to test these anomalous target areas."

President and CEO George Bee highlighted the strategic implications of the survey results, noting that with the initial CK Gold Project Feasibility Study now published and the project fully permitted for development, the company is poised to explore expansion opportunities. Bee remarked that the focus will not only be on converting resources into reserves but also on exploring areas previously mined for high-grade ore by the original developers of the Silver Crown Mining District.

The magnetic anomalies identified immediately southeast of the Copper King Mine are particularly noteworthy, as they are believed to lie beneath the Oligocene White River Formation. This suggests a potentially significant amplitude to these areas, presenting an exciting opportunity for further exploration.

U.S. Gold Corp.'s recent advancements at the CK Gold Project reflect a proactive approach to exploration and resource development in the competitive mining sector. With a clear plan for future drilling and exploration efforts based on newly gathered data, the company is well-positioned to capitalize on its findings and further solidify its standing in the gold and copper markets. As the industry continues to evolve, U.S. Gold Corp. remains committed to its mission of discovering and developing high-quality mineral resources in the United States.