U.S. Gold has unveiled a two-phased 2018 drilling program for the Copper King project in the US state of Wyoming with an initial phase made up of 10 reverse circulation (RC) drill holes.
Image: Operations at a mine. Photo: courtesy of etaphop photo/ FreeDigitalPhotos.net.
The Nevada-based gold explorer will drill the holes for a total depth of nearly 3,050m.
U.S. Gold said that the drilling program will mainly focus on the West Zone, the recently discovered zone of mineralization, which is 200m away from the project’s Main Zone.
The drilling program will also pursue additional new discoveries on the Copper King project, which is located in the Silver Crown mining district in the southeast part of Wyoming.
U.S. Gold revealed that mineralization at the deposit continues to be open in a number of directions.
Towards the end of last year, the company completed a four-hole, RC drilling program. During this program, hole number CK17-01rc intersected a composite of around 700ft of economically significant base and precious metal mineralization.
U.S. Gold said that the composite encountered is of economically significant base and precious metal mineralization beginning close to the surface.
U.S. Gold exploration vice president Dave Mathewson said: “The results of drill hole CK17-01rc have opened the possibility for considerable expansion of copper-gold mineralization to the west of the Copper King “Main Zone”, and for potential discovery of additional deposits on the Copper King Project.
“U.S. Gold Corp. intends to launch an initial first phase 2018 summer drilling program in the range of about 10 holes, each to about 1000 feet.”
The Copper King property spans 1,120 acres and is owned 100% by U.S. Gold. Its main zone deposit is estimated to hold 926,000 measured and indicated oz of gold and 223mm lbs of copper and 174,000 inferred oz of gold Au and 62.5mm lbs of copper.
Last month, U.S. Gold revealed its 2018 drilling program for the Keystone gold deposit exploration project in Nevada with plans to add 15 RC drill holes to carry out drilling up to a total of about 27,000ft in the initial phase.