U.S. Gold Corp. Plans to Commence 2018 Drill Programs at Copper King

The drilling program will follow up on the recently discovered "West Zone" and target additional potential discoveries at Copper King

ELKO, Nev., May 14, 2018 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU), a gold exploration and development company, is pleased to announce the forthcoming Copper King drilling program for 2018. This program, comprised of two phases, will begin with an initial phase of 10 reverse circulation (RC) drill holes for a total of about 10,000 feet (3,050 meters). Primarily, the program will focus on last year's newly discovered zone of mineralization, the West Zone, which was a 200-meter step out from the Main Zone at Copper King. The program will also target additional new discoveries on the Copper King project; drill testing several geophysical anomalies obtained from ground magnetics and IP (induced polarization) surveys conducted in 2017. The mineralization at the Copper King deposit remains open in multiple directions.

In January 2018 U.S. Gold Corp. announced the discovery of a new zone of mineralization, now referred to as the "West Zone" of base and precious metals mineralization adjacent to, and west of the Copper King deposit "Main Zone". This mineralization remains open in almost all directions.

In late November and early December 2017, a four-hole, RC drilling program (3945 ft/ 1202 meters total) was completed. Hole number CK17-01rc encountered a composite of almost 700 feet of economically significant base and precious metal mineralization beginning close to the surface, see table #1.