Overview
Stage | Permitting |
Mine Type | Open Pit |
Commodities |
|
Mining Method |
|
Mine Life | 10 years (as of Jan 1, 2021) |
The CK Gold project offers the company near-term, open-pit production potential as well as compelling value.
On Sept. 14, 2022, U.S. Gold Corp. reported that it had submitted an application for a Permit to Mine and the Mine Reclamation Plan to the Wyoming Department of Environmental Quality for its proposed CK Gold Project.
U.S. Gold Corp. plans to have the FS available in Q3 2023 and anticipates that the permitting will continue through the balance of 2023 and most likely into early 2024. |
Latest News | U.S. Gold Corp. - Q1 2023 Update, CK Gold Project on Track April 26, 2023 |
Source:
p. 52
U.S. Gold Corp., through its wholly-owned subsidiary, Gold King Corp., a Nevada corporation, owns the Copper King gold and copper development project (the “CK Gold Property”).
Contractors
- Subscription is required.
Deposit Type
- Breccia pipe / Stockwork
- Porphyry
Summary:
Deposit Types
The Copper King deposit is thought by some to be a Proterozoic porphyry gold-copper deposit (Hausel, 1992, 1997; Carson, 1998), and is included in a list of undeveloped porphyry copper deposits by Long (1995). Others (Klein, 1974) categorized the Copper King deposit as a structurally controlled base and precious metal deposit in a Precambrian shear zone.
The presence of stockwork and disseminated mineralization, the uniformity of metal content in the mineralized intercepts, and the association of propylitic and potassic alteration zones do suggest a similarity to the porphyry copper model. However, the apparent lack of an associated large porphyry intrusion, the rather small size of both the mineralized and altered zones, the Proterozoic age, and the apparent structural control exerted by the associated shear zone suggest that the appropriate model may be one of shear-zone related mineralization. In determining the mineral resource for Compass Minerals in 1995, MDA had modeled higher-grade shear-zone related mineralization within a larger shell of disseminated and stockwork mineralization (Ristorcelli et al., 1995).
Mineralization
According to Klein (1974) Copper King is a structurally controlled base-precious metal deposit in silicified portions of a Precambrian shear zone in granodiorite. According to Soule (1955), most of the primary gold-copper mineralization is in relatively fine-grained, equigranular gneiss (foliated granod ........

Summary:
Open pit, surface mining is the selected mining method for the CK Gold Project. This mining method is selected based on the size, shape, location and value of the mineralization on the property. The Project’s disseminated type mineralization has a large extent and is located near to or outcropping at surface. Additionally, open pit optimizations attempting to maximize the recovery of the in-situ resource show economic excavation results using current project parameters and base case metal prices.
Surface mining is a cyclical process where the four main tasks are drilling, blasting, loading and haulage are occurring concurrently at different areas of the property. In areas to be excavated vertical blast holes are drilled in a regular pattern and charged with blasting agents. The material is shot, loaded into 100st class rigid frame haul trucks, and transported based on material type to three different locations, run of mine (ROM) Crusher Stockpile Ore, Co-Disposal Tailings Facility, Mineralized Material Stockpile and Waste rock storage facility. Wherever possible Crusher Stockpile Ore will be direct dumped into the primary crusher at the process plant.
Contractor mining has been selected as the preferred method for the purposes of the PFS. This decision, in large part is due to the location of the project, local mining and contracting expertise and the availability of potential contractors with available equipment, and recognizing the downturn in the mini ........

Source:

- subscription is required.
Flow Sheet:
Summary:

- subscription is required.
Reserves at November 15, 2021:
Resources tabulated at a cutoff grade of (0.0107 – 0.0088) AuEq oz./st, 0.009 AuEq Oz/st average.
Reserves tabulated at a cutoff grade of (0.0107 – 0.0088) AuEq oz./st, 0.009 AuEq Oz/st average.
Category | Tonnage | Commodity | Grade | Contained Metal |
Proven & Probable
|
70,400 k tons
|
Gold
|
0.014 oz/ton
|
1,010 koz
|
Proven & Probable
|
70,400 k tons
|
Silver
|
0.038 oz/ton
|
2,660 koz
|
Proven & Probable
|
70,400 k tons
|
Copper
|
0.176 %
|
248 M lbs
|
Proven & Probable
|
70,400 k tons
|
Gold Equivalent
|
0.02 oz/ton
|
1,440 koz
|
Measured & Indicated
|
81,800 k tons
|
Gold
|
0.014 oz/ton
|
1,110 koz
|
Measured & Indicated
|
81,800 k tons
|
Silver
|
0.039 oz/ton
|
3,220 koz
|
Measured & Indicated
|
81,800 k tons
|
Copper
|
0.171 %
|
280 M lbs
|
Measured & Indicated
|
81,800 k tons
|
Gold Equivalent
|
0.019 oz/ton
|
1,580 koz
|
Inferred
|
22,500 k tons
|
Gold
|
0.01 oz/ton
|
235 koz
|
Inferred
|
22,500 k tons
|
Silver
|
0.014 oz/ton
|
323 koz
|
Inferred
|
22,500 k tons
|
Copper
|
0.152 %
|
68.3 M lbs
|
Inferred
|
22,500 k tons
|
Gold Equivalent
|
0.016 oz/ton
|
357 koz
|
Corporate Filings & Presentations:
- Subscription is required.
News:
- Subscription is required.