U.S. Gold Corp. Provides Update on Engineering Optimization Studies for CK Gold Project

Core Viewpoint - U.S. Gold Corp. is advancing its CK Gold Project with a focus on optimizing engineering studies and updating the Prefeasibility Study (PFS) in light of rising gold, copper, and silver prices, which are significantly higher than those in the original PFS from December 2021 [2][7]. Engineering Studies Underway - The company is conducting a Tailings Management Facility (TMF) optimization study with Tierra Group International to enhance design and constructability while potentially reducing capital costs without altering the TMF footprint [4]. - A water management plan has been initiated following the approval of a water discharge permit, aiming to improve water harvesting and storage capacity to minimize the need for purchased water [5]. - A process plant trade-off study is being undertaken to explore alternative flotation technologies that could improve metal recoveries and reduce capital and operating costs, with 150 kg of ore-grade material sent for testing [6]. Management Commentary - The President and CEO emphasized the importance of making changes during initial engineering to ensure a well-thought-out Feasibility Study (FS) and to avoid costly change orders during construction [7]. - The Chairman noted that while metal prices are at new highs, the equity markets for junior mining companies are lagging, allowing time for optimization opportunities to be explored [7][8].