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US Gold Corp USAU

U.S. Gold Corp. is a gold development and exploration company. The Company has a portfolio of exploration properties. The Company owns certain mining leases and other mineral rights comprising the CK Gold Project in Wyoming, the Keystone Project in Nevada and the Challis Gold Project in Idaho. The CK Gold Project deposit is a development stage, large-tonnage, gold-copper deposit with high-grade mineralization exposed at the surface surrounded by a large, low-grade zone with potential for expanding resources. The CK Gold Project property comprises about 1,120 acres and is 100% owned by the Company. The Challis Gold Project is located about 75 kilometers (kms) southwest (SW) of Salmon, ID and 20 kms SW of Revival Gold's Beartrack Project, within the Tertiary Challis Volcanic Field. The Keystone project is a Carlin-type gold deposit exploration project located on Nevada's Cortez Trend, one of the world's most prolific gold mining trends and home to some of North America's largest mines.


NDAQ:USAU - Post by User

Bullboard Posts
Comment by CaptainMon Aug 13, 2019 7:17pm
131 Views
Post# 30024964

RE:RE:RE:RE:RE:ICYMI - This message has been flagged as possible SPAM by automated processes and is slated for review. DO NOT CLICK ANY LINKS "Renowned Geologist" Dave Mathewson is out at USAU

RE:RE:RE:RE:RE:ICYMI - This message has been flagged as possible SPAM by automated processes and is slated for review. DO NOT CLICK ANY LINKS "Renowned Geologist" Dave Mathewson is out at USAUknowell, valid points.  Thank you for posting. 

I've confirmed and there is no holding period on his shares.  He is free to sell his shares any time he wants.  However, the fact that he has not, even after the board members did not renew his contract, is a testament that the man was not bulshitting when he said the property is one of the best to host gold that he has ever seen in his career.  While he may not be a fan of upper management of the company, he wants the property to succeed, not just because he invested $1 million of his own money + salary in shares, but because he believes in it and it was all his idea to put it all together.

I am dissapointed with his departure, not because he lost interest in the property, but mainly because of his health and some other reasons.  It was nice to know that the current drilling program was put together with his help, and I will continue to be invested in the company.

They still have the two great Geologists on the team with whom Dave had a great working relationship.  Both of the geologists helped map Barrick's properties with almost exactly the same characteristics as Keystone (US Gold's property).  And I would imagine behind the scenes, Dave is a defacto consultant by interacting and sharing data with them.

Dave does have a choice to officially sign-up back as a consultant with US Gold.  After the dust settles, he may decide to pursue that option - either way, it does not change the potenial of the property to me.


Bullboard Posts