U.S. Gold Corp. Receives Surface Gold Mine Permit, Advances CK Gold Project Development

U.S. Gold Corp., a leading gold exploration and development company, has achieved a significant milestone in the development of its CK Gold Project with the issuance of its Surface Gold Mine Permit to its wholly owned subsidiary, Gold King Corp.

Company Clears Major Regulatory Hurdles Towards Project Development in Wyoming

Surface Gold Mine Permit

U.S. Gold Corp., a leading gold exploration and development company, has achieved a significant milestone in the development of its CK Gold Project with the issuance of its Surface Gold Mine Permit to its wholly owned subsidiary, Gold King Corp. The permit, dated April 29, 2024, was granted by the Director of the Wyoming Department of Environmental Quality, marking a crucial step forward in the company’s efforts to advance its mining operations in Wyoming.

Surface Gold Mine Permit: Major Regulatory Hurdles Cleared

Commenting on the approval, George Bee, President, CEO, and Director of U.S. Gold Corp., expressed his satisfaction with the progress made, stating, “Having previously been granted the Industrial Siting Permit in June last year and now the Mine Operating Permit, we have cleared the major regulatory hurdles towards project development.” Bee highlighted the ongoing work to secure final authorization for development, with remaining conditions including the approval of the reclamation bond, the Wyoming Pollutant Discharge Elimination System (WYPDES) permitting process, and the WDEQ Air Quality Division (AQD) permits.

On Track for Mid-Year Permit Receipt

Bee reaffirmed the company’s commitment to meeting its development timeline, stating, “We remain on track to receive the necessary permits around mid-year, as per prior guidance.” This timeline aligns with the company’s strategic plans for the CK Gold Project and underscores its dedication to achieving operational milestones in a timely manner.

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Acknowledgment of Achievement

Luke Norman, Executive Chairman of U.S. Gold Corp., hailed the issuance of the Surface Gold Mine Permit as an “outstanding accomplishment.” He noted the company’s strategic shift in focus from exploration to project development in August 2020 and praised the collaborative efforts of the management team, consultants, and regulatory authorities in advancing the CK Gold Project. Norman also commended the favorable regulatory environment in Wyoming, highlighting the state’s clear regulatory framework and experienced authorities dedicated to responsible resource management.

CK Gold Project: A Promising Venture

The CK Gold Project, located on state and private ground in Wyoming, represents a significant opportunity for U.S. Gold Corp. to leverage its expertise in gold mining and capitalize on the region’s mineral wealth. With the receipt of the Surface Gold Mine Permit, the company is poised to move forward with its development plans, with a focus on safe, responsible, and sustainable mining practices.

Looking Ahead

As U.S. Gold Corp. advances its CK Gold Project, stakeholders are optimistic about the project’s potential to contribute to economic growth and job creation in Wyoming. With regulatory approvals in place and ongoing progress in permit acquisition, the company is well-positioned to capitalize on favorable market conditions and maximize value for shareholders.

The issuance of the Surface Gold Mine Permit represents a significant milestone for U.S. Gold Corp. and underscores the company’s commitment to advancing its CK Gold Project. With regulatory hurdles cleared and development activities underway, U.S. Gold Corp. is poised to play a pivotal role in Wyoming’s mining sector while delivering value to its stakeholders.

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