U.S. GoldMining Discovers New High Grade Zone at Raintree Prospect, Whistler Gold-Copper Project, Alaska
U.S. GoldMining (NASDAQ: USGO) has announced significant new assay results from their 2024 drilling program at the Whistler Gold-Copper Project in Alaska. The key discovery is a new high-grade zone at the Raintree Prospect, with drill hole WH24-05 intercepting multiple zones of high-grade gold and silver polymetallic mineralization approximately 500 meters south of prior drilling.
The main zone composite intercept showed 138.0 meters at 0.99 g/t gold equivalent, including higher-grade sections of up to 1.93 g/t gold equivalent. The mineralization consists of multiple quartz-carbonate veins with abundant coarse base metal sulphides, with peak values reaching 7.15 g/t Au and 189 g/t Ag.
The company completed six diamond core holes totaling 4,006 meters during the 2024 season. The Raintree component of the Project includes both open pit and underground deposits, with indicated and inferred resources. This new discovery validates the Company's exploration strategy, and additional follow-up drilling is planned for summer 2025.
U.S. GoldMining (NASDAQ: USGO) ha annunciato risultati di perforazione significativi dal loro programma di perforazione 2024 presso il Progetto Rame-Oro Whistler in Alaska. La scoperta chiave è una nuova zona ad alta legge presso il Raintree Prospect, con il foro di perforazione WH24-05 che ha intercettato più zone di mineralizzazione polimetallica di oro e argento ad alta legge, circa 500 metri a sud delle perforazioni precedenti.
Il composito dell'intercettazione della zona principale ha mostrato 138,0 metri a 0,99 g/t di oro equivalente, inclusi sezioni di alta legge fino a 1,93 g/t di oro equivalente. La mineralizzazione consiste in molteplici vene di quarzo-carbonato con abbondanti solfuri metallici di base grossolani, con valori di picco che raggiungono 7,15 g/t di Au e 189 g/t di Ag.
L'azienda ha completato sei fori di perforazione a nucleo di diamante per un totale di 4.006 metri durante la stagione 2024. La componente Raintree del Progetto include sia giacimenti a cielo aperto che sotterranei, con risorse indicate e stimate. Questa nuova scoperta convalida la strategia di esplorazione dell'azienda e sono previsti ulteriori interventi di perforazione per l'estate 2025.
U.S. GoldMining (NASDAQ: USGO) ha anunciado resultados significativos de los ensayos de su programa de perforación 2024 en el Proyecto de Oro-Cobre Whistler en Alaska. El descubrimiento clave es una nueva zona de alta ley en el Raintree Prospect, con el pozo de perforación WH24-05 interceptando múltiples zonas de mineralización polimetálica de oro y plata de alta ley aproximadamente 500 metros al sur de perforaciones anteriores.
La interceptación compuesta de la zona principal mostró 138.0 metros a 0.99 g/t de oro equivalente, incluyendo secciones de mayor ley de hasta 1.93 g/t de oro equivalente. La mineralización consiste en múltiples vetas de cuarzo-carbonato con abundantes sulfuros metálicos gruesos, con valores picos que alcanzan 7.15 g/t de Au y 189 g/t de Ag.
La compañía completó seis pozos de diamante con un total de 4,006 metros durante la temporada 2024. El componente Raintree del proyecto incluye depósitos tanto a cielo abierto como subterráneos, con recursos indicados e inferidos. Este nuevo descubrimiento valida la estrategia de exploración de la compañía y se planifica un seguimiento de perforación adicional para el verano de 2025.
미국 골드마이닝 (NASDAQ: USGO)는 알래스카의 휘슬러 금-구리 프로젝트에서 2024년 시추 프로그램의 중요한 새로운 시추 결과를 발표했습니다. 핵심 발견은 레인트리 전망에서 새로운 고등급 대역입니다, 시추 구멍 WH24-05가 이전 시추로부터 약 500미터 남쪽에서 고등급 금과 은 다금属 광물화의 여러 지점을 관통했습니다.
주요 지점의 복합 인터셉트는 138.0미터에서 0.99 g/t 금 상당을 보여주었고, 최대 1.93 g/t 금 상당의 고등급 구간을 포함합니다. 이 광물화는 많은 석영-탄산염 vein과 풍부한 조대 금속 황화물로 구성되어 있으며, 피크 값은 7.15 g/t Au 및 189 g/t Ag에 도달하고 있습니다.
회사는 2024 시즌 동안 총 4,006미터의 다이아몬드 코어 구멍 6개를 완료했습니다. 프로젝트의 레인트리 구성 요소는 노천 채굴 및 지하 매장량 모두를 포함하며, 명시 및 추정 자원이 있습니다. 이 새로운 발견은 회사의 탐사 전략을 검증하며, 2025년 여름에 추가 시추가 계획되어 있습니다.
U.S. GoldMining (NASDAQ: USGO) a annoncé d'importants nouveaux résultats d'analyse de son programme de forage 2024 sur le projet d'or-cuivre de Whistler en Alaska. La découverte clé est une nouvelle zone à haute teneur au Raintree Prospect, avec le trou de forage WH24-05 interceptant plusieurs zones de minéralisation polymétallique d'or et d'argent à haute teneur, à environ 500 mètres au sud des forages précédents.
L'interception composite de la zone principale a montré 138,0 mètres à 0,99 g/t d'équivalent or, y compris des sections de plus haute teneur allant jusqu'à 1,93 g/t d'équivalent or. La minéralisation se compose de multiples veines de quartz-carbonate avec de nombreux sulfures de métaux de base grossiers, les valeurs maximales atteignant 7,15 g/t Au et 189 g/t Ag.
La société a effectué six forages à carotte diamant pour un total de 4 006 mètres durant la saison 2024. La composante Raintree du projet inclut des dépôts à ciel ouvert et souterrains, avec des ressources indiquées et inférées. Cette nouvelle découverte valide la stratégie d'exploration de l'entreprise, et des forages complémentaires sont prévus pour l'été 2025.
U.S. GoldMining (NASDAQ: USGO) hat bedeutende neue Analyseergebnisse aus ihrem Bohrprogramm 2024 im Whistler Gold-Kupfer-Projekt in Alaska bekannt gegeben. Die wichtigste Entdeckung ist eine neue Hochgradzone am Raintree Prospect, wobei das Bohrloch WH24-05 mehrere Zonen mit hochgradiger Gold- und Silberpolymetallmineralisierung etwa 500 Meter südlich der vorherigen Bohrungen angetroffen hat.
Die Gesamtbohrung der Hauptzone zeigte 138,0 Meter mit 0,99 g/t Goldäquivalent, einschließlich höhergradiger Abschnitte von bis zu 1,93 g/t Goldäquivalent. Die Mineralisierung besteht aus mehreren Quarz-Karbonat-Adern mit reichlich groben Basismetall-Sulfiden, wobei Spitzenwerte bis zu 7,15 g/t Au und 189 g/t Ag erreicht werden.
Das Unternehmen hat während der Saison 2024 sechs Diamantkernbohrungen mit einer Gesamtlänge von 4.006 Metern abgeschlossen. Die Raintree-Komponente des Projekts umfasst sowohl Tagebau- als auch Untertagevorkommen, mit ausgewiesenen und geschätzten Ressourcen. Diese neue Entdeckung validiert die Explorationsstrategie des Unternehmens, und weitere Folgebohrungen sind für den Sommer 2025 geplant.
- Discovery of new high-grade gold and silver zone at Raintree Prospect
- Main zone intercept of 138.0m at 0.99 g/t gold equivalent
- Peak gold values of 7.15 g/t Au and 189 g/t Ag
- Successful expansion of resource potential with new mineralization style
- None.
Insights
The latest drilling results from U.S. GoldMining's Whistler Project represent a significant strategic breakthrough that could materially enhance the project's value proposition. The discovery of a new high-grade zone at the Raintree Prospect is particularly noteworthy for three key reasons:
First, the intercept quality is exceptional - 138 meters at 0.99 g/t gold equivalent with multiple high-grade sections exceeding 1.65 g/t AuEq. These grades are substantially higher than the current Raintree resource average of 0.63-1.03 g/t AuEq, suggesting potential for high-grade resource expansion.
Second, this discovery introduces a new style of mineralization - high-grade gold-silver polymetallic veins - which adds diversity to the project's mineral inventory. The presence of substantial base metals (lead up to
Third, the location of this discovery, 500 meters south of any previous drilling, opens up an entirely new exploration corridor. This validates the company's geological model and suggests the mineralized system could be significantly larger than currently defined. The Raintree Prospect has seen minimal historical drilling (5,190 meters compared to 22,000 meters at Whistler), indicating substantial exploration upside.
The upcoming 2025 drilling campaign will be important in determining the extent and continuity of this new zone. Given the high-grade nature of the mineralization and its polymetallic character, this discovery could potentially accelerate the project's development timeline by providing higher-grade feed options for future mining operations.
The results reported in this news release highlight WH24-05, which was drilled adjacent to the Raintree West Deposit (the "Raintree Deposit"). The drilling intercepted multiple zones of high-grade gold and silver polymetallic mineralization approximately 500 meters south of any prior drilling at the deposit.
Selected Highlights:
- Main Zone composite intercept of 138.0 meters (m) at 0.99 grams per tonne (g/t) gold equivalent (AuEq)* comprising 0.89 g/t gold (Au) and 0.05 percent (%) copper (Cu), plus 17.57 g/t silver (Ag),
0.44% lead (Pb) and0.95% zinc (Zn) (elevated Ag, Pb and Zn grades are excluded in the AuEq calculations), from 635.0 m to 773.0 m down hole. - Including higher-grade individual intercepts:
- 26 m at 1.48 g/t AuEq (1.36 g/t Au,
0.06% Cu) plus 15.38 g/t Ag,0.69% Pb and1.61% Zn - 34 m at 1.65 g/t AuEq (1.49 g/t Au,
0.08% Cu) plus 19.95 g/t Ag,0.81% Pb and1.35% Zn - 18 m at 1.93 g/t AuEq (1.70 g/t Au,
0.13% Cu) plus 66.33 g/t Ag,0.62% Pb and1.84% Zn
- 26 m at 1.48 g/t AuEq (1.36 g/t Au,
- The drill intercept represents a relatively new style of mineralization - high-grade gold and silver polymetallic veins - with only one other intercept previously drilled at the Raintree Deposit:
- This new discovery validates the Company's exploration strategy of exploring the Project to maximize its resource potential. Additional follow-up drilling is planned this coming summer.
*See Table 1 for further information.
Tim Smith, Chief Executive Officer of U.S. GoldMining, commented: "This last drill hole in 2024 was designed to build on the successful season the Company had at the Whistler Deposit, which included the expansion of the western high-grade core at that deposit and returned results including 458 m at 0.75 g/t AuEq (see February 3, 2025 press release). For the final core hole drilled in 2024, we returned to the Raintree Prospect with the objective to drill test a very compelling exploration target, comprising a previously undrilled porphyry intrusion coupled with a large high intensity IP chargeability anomaly located 500 meters south of the existing Raintree Deposit. While the porphyry-style alteration and veining observed in the upper part of drill hole WH24-05 is encouraging for an early-stage drill prospect, the high-grade gold and silver in polymetallic veins intersected in the lower part of the drill hole significantly exceeded our expectations.
The mineralization is visually impressive, consisting of multiple quartz-carbonate veins with abundant coarse base metal sulphides over tens of meters down-hole. Drill core assays highlight high-grade gold and silver values, peaking at 7.15 g/t Au and 189 g/t Ag, along with peak base metal values of up to
The Company is now compiling all exploration results and geological datasets collected during the 2024 drill season to update its exploration target prioritization and commence planning for the upcoming 2025 drill season to continue the re-discovery of the Whistler Project."
2024 Drilling Program Summary
The Company completed six diamond core holes for 4,006 meters during the 2024 field season at the Project. In addition to four drill holes for 2,784 meters completed at the Whistler Deposit, two drill holes for 1,224 meters were completed at the Raintree Deposit (see Figure 1), located approximately one kilometer east of the Whistler Deposit. With this news release, all assay results from the 2024 field season are now reported.
The Raintree component of the Project mineral resource estimate comprises both open pit constrained and underground delineated deposits (see news release dated October 7, 2024).
Raintree Open Pit at
Raintree Underground at
The Raintree Deposit lies within the broader 'Raintree Prospect' area, which in addition to the Raintree Deposit itself contains several drill prospects and exploration targets over a 2 km diameter, including 'Raintree North', 'Raintree East' and 'Raintree South'. Compared to the Whistler Deposit, which has over 22,000 meters of drilling, the entire Raintree Prospect comprises just 5,190 meters of historic drilling. The Company's strategy to date has been to focus on confirmatory drilling and studies to delineate and, where possible, expand the open pit portion of the Whistler and Raintree Deposits. With drill hole WH24-05, the Company has ventured into new terrane, with exploration into a never before drilled section of the Raintree Prospect to test newly identified conceptual targets south of the Raintree open pit portion.
Raintree Prospect - Geology
The Raintree Prospect area is characterized by a swarm of small intrusive diorite porphyry bodies - dykes, sills and stocks - of the Whistler Intrusive Suite (WIS), hosted within a sequence of andesite lavas and related volcaniclastic rocks. This geological setting contrasts to the Whistler Deposit, a large (600 m x 800 m) ovoid shaped WIS diorite porphyry intrusion, hosted within basement sedimentary rocks of the Mesozoic Kahiltna Formation. The Raintree Prospects are interpreted to have formed at a higher stratigraphic level relative to the Whistler Deposit. Additionally, the Raintree porphyry dykes and stocks intersected to date are distinguished by their lower magnetite content compared to the highly magnetic diorite porphyry of the Whistler Deposit.
The Raintree Deposit comprises both porphyry style Au-Cu-Ag mineralization and overprinting polymetallic vein style Au-Ag-Pb-Zn±Cu mineralization. This contrasts with mineralization at the Whistler Deposit which is almost entirely made up of porphyry style Au-Cu-Ag mineralization. At Raintree Deposit, porphyry-style mineralization is confined to the porphyry diorite intrusives (dykes and stocks), comprising B type veins and disseminated sulphide mineralization like the Whistler Deposit. Whereas late-stage polymetallic vein style mineralization occurs in both the porphyry intrusive rocks and andesite extrusive rocks and is characterized by disseminated and semi-massive pyrite, galena, sphalerite, tetrahedrite, and chalcopyrite in quartz-carbonate veins. Vein contacts are generally sharp and distinct with associated narrow sericite and chlorite alteration halos.
An initial 2024 confirmatory infill drill hole at Raintree West - WH24-01 - aimed to validate the current geological model and to also test potential to expand the existing resource. WH24-01 was drilled into the area of the constraining pit shell for the Raintree West Open Pit deposit, with the objective of collecting additional information about the style, geometry, continuity and controls on mineralization hosted therein. As previously reported (see news release dated September 30, 2024), WH24-01 intersected 61.4 m at 0.53 g/t AuEq (0.36 g/t Au,
The 2024 Raintree Prospect drilling is the first exploration completed in the area since 2011; therefore, the Company has taken the approach to systematically analyze prior exploration and geological data across the mineral system. It is noted that previous shallow scout drilling immediately south of the currently defined Raintree Deposit identified strong phyllic alteration associated with diorite porphyries and hydrothermal breccias intruding andesitic volcaniclastic rocks. Both the diorite and volcanic rocks are cross-cut by D-style veinlets, which was interpreted as being potentially indicative of a nearby porphyry center. The target is also supported by geophysical evidence including a broad IP chargeability anomaly, which is generally interpreted to be associated with phyllic (quartz-sericite-pyrite) alteration.
WH24-05 Drilling Results Discussion
WH24-05 subsequently aimed to explore for additional mineralizing dykes associated with the Raintree dyke swarm, immediately adjacent to (south of) the currently defined Raintree Deposit. Drilling intersected multiple porphyry intrusions (dykes) within a thick package of andesite extrusives and associated volcaniclastic rocks, including several zones of low-grade porphyry style mineralization in the upper section of the drill hole. Drilling was extended to depth to test the deeper IP chargeability anomaly, subsequently intersecting several zones of porphyry-distal polymetallic D-veining, including the following drill intercepts:
- Main Zone intercept of 138.0 m at 0.99 g/t AuEq (0.89 g/t Au, 0.05 % Cu), plus 17.57 g/t Ag,
0.44% Pb and0.95% Zn, from 635.0 m downhole; which contains three higher-grade vein zones:- 26 m at 1.48 g/t AuEq (1.36 g/t Au,
0.06% Cu) plus 15.38 g/t Ag,0.69% Pb and1.61% Zn, from 635 m downhole; and - 34 m at 1.65 g/t AuEq (1.49 g/t Au,
0.08% Cu) plus 19.95 g/t Ag,0.81% Pb and1.35% Zn, from 681 m downhole; and - 18 m at 1.93 g/t AuEq (1.70 g/t Au,
0.13% Cu) plus 66.33 g/t Ag,0.62% Pb and1.84% Zn, from 755 m downhole.
- 26 m at 1.48 g/t AuEq (1.36 g/t Au,
The gold and silver bearing polymetallic veins intersected in WH24-05 comprise late-stage quartz-carbonate veins with semi-massive pyrite, galena, sphalerite, tetrahedrite and chalcopyrite. Some of the polymetallic veins intersected in WH24-05 exhibit sub-epithermal textures. The mineralized veins are oriented moderately to steeply dipping, striking NE-SW and NW-SE orientations forming a conjugate set. The mineralized envelope geometry is interpreted to be likely parallel to the overall NW-SE orientation of the Raintree Deposit mineralization, which will be confirmed by follow-up drilling.
The Company is currently assessing the significance of this relatively new style of vein-hosted mineralization intersected in WH24-05. Most porphyry mineral systems contain similar late-stage polymetallic veins, which range from distal to more proximal D-style veins. These veins themselves may be of direct exploration interest or may provide vectors to additional nearby porphyry style mineralization. Drill core composites have been collected to undertake petrographic analysis and metallurgical test work to determine the gold and silver deportment and metal recoverability. Additional drilling is planned for this coming summer to further explore and delineate this new discovery and if applicable, incorporate this newly identified mineralization into the Raintree Deposit.
Table 1 –Project drill assay intercepts from the 2024 drilling program, received as of February 10, 2024. Bold intervals correspond with those reported in the 'highlights' section above.
Hole Number | Interval | Interval | Core | Gold | Copper | Silver | AuEq | Lead | Zinc | ||
WH23-03-EXT | 0.41 | 717.00 | 716.59 | 0.68 | 0.15 | 1.40 | 0.93 | - | - | ||
Including | 7.00 | 659.46 | 652.46 | 0.73 | 0.16 | 1.50 | 1.00 | - | - | ||
Including | 131.00 | 307.00 | 176.00 | 1.24 | 0.19 | 1.66 | 1.55 | - | - | ||
And | 373.50 | 423.00 | 49.50 | 0.92 | 0.10 | 1.82 | 1.10 | - | - | ||
And | 441.00 | 457.00 | 16.00 | 1.03 | 0.20 | 1.64 | 1.36 | - | - | ||
And | 480.00 | 501.00 | 21.00 | 0.80 | 0.35 | 2.11 | 1.37 | - | - | ||
And | 523.00 | 539.00 | 16.00 | 0.83 | 0.30 | 1.14 | 1.31 | - | - | ||
And | 575.00 | 632.00 | 57.00 | 1.07 | 0.17 | 1.18 | 1.36 | - | - | ||
WH23-03-EXT | 698.03 | 717.00 | 18.97 | 0.52 | 0.11 | 1.02 | 0.70 | - | - | ||
WH24-01 | 107.00 | 109.00 | 2.00 | 0.45 | - | 8.60 | 0.58 | 0.61 | 3.07 | ||
WH24-01 | 147.00 | 151.00 | 4.00 | 0.28 | - | 7.10 | 0.42 | 0.44 | 1.20 | ||
WH24-01 | 159.00 | 161.00 | 2.00 | 0.64 | - | 4.50 | 0.72 | 0.29 | 1.59 | ||
WH24-01 | 249.00 | 266.00 | 17.00 | 0.33 | 0.07 | 41.97 | 0.45 | 0.33 | 0.75 | ||
Including | 249.00 | 253.00 | 4.00 | 0.78 | 0.22 | 171.55 | 1.12 | 1.19 | 2.53 | ||
WH24-01 | 280.60 | 300.00 | 19.40 | 0.31 | - | 1.81 | 0.38 | 0.12 | 0.40 | ||
Including | 284.00 | 286.00 | 2.00 | 1.23 | - | 4.70 | 1.32 | 0.37 | 1.27 | ||
WH24-01 | 311.00 | 372.38 | 61.38 | 0.36 | 0.09 | 4.43 | 0.53 | 0.14 | 0.39 | ||
Including | 321.00 | 362.00 | 41.00 | 0.41 | 0.11 | 5.43 | 0.61 | 0.15 | 0.49 | ||
WH24-02 | 227.00 | 500.96 | 273.96 | 0.48 | 0.12 | 0.86 | 0.71 | - | - | ||
Including | 291.00 | 444.00 | 153.00 | 0.65 | 0.14 | 0.74 | 0.90 | - | - | ||
Including | 291.00 | 411.00 | 120.00 | 0.72 | 0.16 | 0.83 | 1.00 | - | - | ||
Including | 297.00 | 337.00 | 40.00 | 0.82 | 0.25 | 1.13 | 1.28 | - | - | ||
And | 357.00 | 377.00 | 20.00 | 0.96 | 0.16 | 0.93 | 1.26 | - | - | ||
WH24-03 | 40.00 | 52.74 | 12.74 | 1.30 | 0.35 | 2.37 | 1.96 | - | - | ||
385.08 | 525.00 | 139.92 | 0.21 | 0.14 | 0.97 | 0.47 | - | - | |||
Including | 401.00 | 429.00 | 28.00 | 0.41 | 0.24 | 1.74 | 0.85 | - | - | ||
643.00 | 679.00 | 36.00 | 0.08 | 0.12 | 1.08 | 0.29 | - | - | |||
731.00 | 767.00 | 36.00 | 0.20 | 0.11 | 1.23 | 0.40 | - | - | |||
868.00 | 917.00 | 49.00 | 0.18 | 0.05 | 1.90 | 0.28 | - | - | |||
WH24-04 | 91.00 | 682.00 | 591.00 | 0.37 | 0.15 | 1.48 | 0.66 | - | - | ||
Including | 224.00 | 682.00 | 458.00 | 0.46 | 0.16 | 1.66 | 0.75 | - | - | ||
Including | 260.00 | 308.00 | 48.00 | 0.61 | 0.34 | 2.19 | 1.23 | - | - | ||
And | 406.00 | 456.00 | 50.00 | 0.73 | 0.13 | 1.50 | 0.98 | - | - | ||
WH24-05 | 306.00 | 325.00 | 19.00 | 0.79 | 0.03 | 17.70 | 0.87 | 0.73 | 1.72 | ||
489.00 | 508.50 | 19.50 | 0.33 | 0.02 | 7.76 | 0.41 | 0.51 | 1.20 | |||
603.50 | 773.00 | 169.50 | 0.77 | 0.04 | 15.38 | 0.86 | 0.40 | 0.86 | |||
Including | 635.00 | 773.00 | 138.00 | 0.89 | 0.05 | 17.57 | 0.99 | 0.44 | 0.95 | ||
Including | 635.00 | 661.00 | 26.00 | 1.36 | 0.06 | 15.38 | 1.48 | 0.69 | 1.61 | ||
And | 681.00 | 715.00 | 34.00 | 1.49 | 0.08 | 19.95 | 1.65 | 0.81 | 1.35 | ||
Including | 699.00 | 715.00 | 16.00 | 2.90 | 0.14 | 38.59 | 3.16 | 1.47 | 2.38 | ||
And | 755.00 | 773.00 | 18.00 | 1.70 | 0.13 | 66.33 | 1.93 | 0.62 | 1.84 | ||
Including | 763.00 | 773.00 | 10.00 | 2.82 | 0.22 | 113.74 | 3.21 | 1.00 | 3.00 | ||
Notes:
WH23-03-EXT drilled down-plunge to test the deeper extents of mineralization within the Whistler Deposit eastern high-grade core, therefore the mineralized intervals reported are not representative of true width. The mineralized intercepts within WH24-01 are estimated to be approximately two-thirds of true width. WH24-02 and WH24-03 drilled oblique to dip and strike to test the vertical profile of mineralization, therefore the mineralized intervals reported are not representative of true width. WH24-04 tested obliquely across strike and to depth to test the vertical profile of mineralization, thus the mineralized intervals reported are estimated to be approximately half to two-thirds of true width. WH24-05 tested obliquely across strike and dip, thus mineralized intervals reported are estimated to be approximately two-thirds of true width.
*AuEq is calculated consistent with the methodology outlined in the technical reports "S-K 1300 Technical Report Summary Initial Assessment for the Whistler Project,
Specifically, for drilling reported prior to the 2024 MRE update (WH23-03-EXT and WH24-01): below 10g/t Ag: AuEq=Au + Cu*1.5733 +0.0108Ag, and above 10g/t Ag: AuEq=Au + Cu*1.5733. For drilling reported subsequent to the 2024 MRE update (WH24-02, -03, -04 & -05): below 10g/t Ag: AuEq=Au + (Cu%*1.771) + (Ag*0.0113), and above 10g/t Ag: AuEq=Au + (Cu%*1.771). AuEq calculations do not include Pb and Zn as it is unknown whether these metals can be recovered.
Table 2 –Project 2023 & 2024 drill hole collar location coordinates.
Hole Number | Easting Meters | Northing | Elevation | Depth | Azimuth (Degrees) | Dip | Status |
WH23-01 | 518,782 | 6,871,260 | 886.0 | 467.87 | 140.80 | - 49.0 | All assays received |
WH23-02 | 518,779 | 6,871,253 | 886.0 | 605.64 | 229.20 | - 60.1 | All assays received |
WH23-03-EXT | 518,776 | 6,871,253 | 886.0 | 874.50 | 189.20 | - 82.9 | All assays received |
WH23-04 | 520,193 | 6,869,142 | 352.0 | 560.83 | 134.80 | - 78.0 | All assays received |
WH24-01 | 520,494 | 6,871,260 | 497.0 | 445.77 | 14.63 | - 46.9 | All assays received |
WH24-02 | 518,452 | 6,871,362 | 849.0 | 716.30 | 135.43 | - 75.2 | All assays received |
WH24-03 | 518,746 | 6,871,335 | 859.0 | 961.9 | 309.69 | - 80.1 | All assays received |
WH24-04 | 518,680 | 6,871,248 | 876.0 | 832.20 | 185.85 | - 78.0 | All assays received |
WH24-05 | 520,495 | 6,871,258 | 497.0 | 777.85 | 184.37 | - 55.3 | All assays received |
Technical Information
Tim Smith, P.Geo., Chief Executive Officer of U.S. GoldMining, has supervised the preparation of this news release and has reviewed and approved the scientific and technical information contained herein. Mr. Smith is a "qualified person" as defined in Canadian National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
For details of the Project and the mineral resource reports referenced herein, please refer to the Technical Reports.
Data Verification
For the Project drill core sampling program, samples were taken from NQ/HQ diameter core by sawing the drill core in half, with one-half sent to Bureau Veritas Commodities Canada Ltd. ("BV") in
BV is a certified commercial laboratory and is independent of U.S. GoldMining. The Company has implemented a quality assurance and quality control program for the sampling and analysis of drill core samples, including duplicates, mineralized standards and blank samples for each batch of core samples. The gold analyses were completed by lead collection fire assay fusion with AAS finish (FA430 method) on 30 grams test weight. Copper, silver and other base metals assays (total suite of 45 elements) were assayed by 4-acid digestion and ICP-MS analysis (MA200 method) on 0.25 grams test weight.
About U.S. GoldMining Inc.
U.S. GoldMining Inc. is an exploration and development company focused on advancing the
Visit www.usgoldmining.us for more information, including high resolution figures.
For additional information, please contact:
U.S. GoldMining Inc.
Alastair Still, Chair
Tim Smith, Chief Executive Officer
Telephone Toll Free: 1-833-388-9788
Email: info@usgoldmining.us
Forward-Looking Statements
Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" within the meaning of
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SOURCE U.S. GoldMining Inc.
FAQ
What are the key findings from USGO's 2024 drilling program at the Whistler Project?
How many drill holes did USGO complete in their 2024 Whistler Project program?
What is the significance of the new mineralization discovered at USGO's Raintree Prospect?
When will USGO conduct follow-up drilling at the new Raintree discovery?
