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Stock impact report

U.S. Gold Corp. Announces Acquisition of Orevada Metals, Inc.

U.S. Gold Corp. (USAU) 
US:NASDAQ Investor Relations: usgoldcorp.gold
Company Research Source: PR Newswire
ELKO, Nevada, Sept. 11, 2019 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) is pleased to announce it has closed the acquisition of Orevada Metals, Inc. ("Orevada Metals") in an all share transaction. Orevada Metals is, a Nevada corporation, wholly owned by a privately held Canadian company ("Orevada"), which has become a new wholly-owned subsidiary of U.S. Gold Corp. Orevada has an option to acquire a 70% interest in the Maggie Creek Project.The acquisition of Orevada and the option to acquire the Maggie Creek Project, gives U.S. Gold Corp. its second promising exploration project in Nevada, on the Carlin Trend. The Maggie Creek Project is located in the heart of the Carlin Trend, immediately adjacent to Newmont Mining's (NYSE: NEM) 26-million-ounce Gold Quarry mine. The Project occurs along the northeast projection of the Gold Quarry fault zone, which is an important mineralizing control at the Gold Quarry mine, indicating significant potential to discover Carlin style gold deposits Show less Read more
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