U.S. GoldMining Announces 2024 Exploration Program
Following up on 2023 Confirmatory Drilling Results including 547m at 1.06 g/t, and Targeting Continued Growth at the Whistler Gold-Copper Project, Alaska
Anchorage, Alaska – May 22, 2024 – U.S. GoldMining Inc. (NASDAQ: USGO) (“U.S. GoldMining” or the “Company”) – – is pleased to provide an update on the Whistler Gold-Copper Project (the “Project”) in Alaska, U.S.A. The Company is currently preparing and mobilizing for the 2024 field season which will focus on confirmatory and step-out drilling within the Whistler and Raintree West deposits.
## Planned Exploration Program Highlights
The 2024 exploration program aims to confirm the understanding and extend areas of high-grade mineralization within the Whistler Deposit. The success of the 2023 confirmatory program, with the longest drill intercept of consistent mineralization recorded at the project, sets a strong foundation for further exploration.
The step-out drilling at Raintree West will focus on expanding existing estimated mineral resources, while additional exploration will target drill sites within the broader Whistler Orbit, indicating potential for new mineralized intrusive centers to be discovered.
The exploration program is set against the backdrop of strengthening commodity prices, with gold, copper, and silver prices reaching all-time or multi-year highs, creating favorable conditions for the project’s advancement.
### Commentary from Tim Smith
Tim Smith, the CEO of U.S. GoldMining, expressed excitement about the upcoming exploration program, emphasizing the success of previous drilling activities and the project’s potential. The company’s strong financial position, with over $10 million in cash reserves, provides a solid foundation for the program’s execution and growth opportunities.
## 2024 Drilling Program Details
The Company is gearing up to start drilling in July 2024, focusing on the Whistler and Raintree West deposits to expand the existing mineral resource area. Efforts will also be directed towards exploring deeper high-grade mineralization and identifying new potential targets within the Whistler Orbit.
## Introducing Senior Project Geologist
The Company welcomes Mr. Logan Boyce as Senior Project Geologist, bringing with him over a decade of experience in gold project exploration and development, which will contribute significantly to the success of exploration programs at Whistler.
## Additional Insight
The presence of multiple intrusive centers within the Whistler – Raintree mineral system suggests the potential for discovering new porphyry-hosted gold-copper deposits in the area. The company’s geological team continues to employ various search criteria to identify and prioritize porphyry targets for drilling, enhancing the possibility of unlocking new mineral resources.
The Whistler Gold-Copper Project’s resource inventory across its various deposits indicates substantial gold-copper potential, emphasizing the project’s significance within the mining industry.
With the growing demand for gold, copper, and silver, driven by market trends and economic factors, the Whistler Project is well-positioned to capitalize on these favorable conditions for mineral exploration and development.
