McEwen Mining

Published : November 26th, 2008

El Gallo Returns Good Results: 43=2E6 optSilver & 0=2E45 opt Gold Over 55 ft In

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US Gold Corporation
AMEX: UXG
TSX: UXG
FRANKFURT: US8
Other Recent News

November 26, 2008
El Gallo Returns Good Results: 43.6 opt Silver & 0.45 opt Gold Over 55 ft Including 104.1 opt Silver & 1.0 opt Gold Over 20 ft

Strong Grades Continue at Palmarito: 29.1 opt Silver over 5 ft, Within 14.5 opt Silver Over 25 ft

TORONTO, ONTARIO--(Marketwire - Nov. 26, 2008) - US GOLD CORPORATION (TSX:UXG)(AMEX:UXG)(FRANKFURT:US8) announces encouraging drill results from two projects within the Magistral District, Sinaloa, Mexico (Figure 1).

DRILL RESULT HIGHLIGHTS

- El Gallo - Good grades discovered near surface: 43.6 ounces per ton (opt) silver and 0.45 opt gold over 55.0 feet (ft) (1494.7 grams per tonne (gpt) silver, 15.3 gpt gold over 16.8 meters (m)), including 104.1 opt silver and 1.0 opt over 20.0 ft (3570.0 gpt silver, 34.6 gpt gold over 6.1 m) and including 203.3 opt silver and 0.18 opt gold over 5.0 ft. (6970.0 gpt silver, 6.25 gpt gold over 1.5 m).

- El Gallo - A second newly discovered area returned 4.2 ounces per ton (opt) silver over 125.0 ft (143.2 gpt silver over 38.1 m), starting from surface and bottoming in 6.1 opt silver (209.0 gpt silver).

- Palmarito - New Southwest Zone continues to discover stronger grades: 29.1 opt silver over 5.0 ft. (997.0 gpt silver over 1.5 m), within 14.5 opt silver over 25.0 ft (496.6 silver over 7.6 m). Mineralization starts 70.0 ft (21.3 m) below surface.

"In Mexico, our exploration program has a competitive advantage of an assay lab onsite, where we are able to get internal results within 24 hours, lower drilling costs and an expedited permitting process. It is these factors that give US Gold's exploration maximum flexibility. I am pleased to report that our results are showing increasingly higher-grades and that we are continuing to push our exploration aggressively," stated Rob McEwen, Chairman and CEO of US Gold.

Readers are cautioned that El Gallo is an early stage exploration project. Although the Company is encouraged by these results, high-grade mineralization can be difficult to replicate and expand. There are no assurances that future results will be similar in grade or width to those included in this release. The true width of the mineralization is not yet known. On early stage projects such as El Gallo, US Gold uses a type of drill known as a conventional rotary percussion.

EL GALLO - Encouraging Start

On November 19(th) 2008, US Gold announced that it had made a new discovery north of the Magistral Mine and Palmarito Project. The best intercept from the first series of holes returned 22.2 opt silver over 5.0 ft (760.0 gpt silver over 1.5 m), within 13.2 opt silver over 15.0 ft (453.0 gpt silver over 4.6 m). Subsequent conventional rotary drilling has since intersected very encouraging mineralization in two additional areas (Figure 2). US Gold's geologists believe there is potential to connect these three areas into a single mineralized zone. Drilling to test this interpretation is currently being completed. If this additional drilling is successful, the size potential could be significantly enhanced. Drill results for the two new areas are highlighted below:

---------------------------------------------------------------------------
Hole #          Silver       Gold    Silver      From        To     Length
                                      Eq.(i)
---------------------------------------------------------------------------

---------------------------------------------------------------------------
(Imperial)        (opt)      (opt)     (opt)      (ft)      (ft)       (ft)
---------------------------------------------------------------------------

---------------------------------------------------------------------------
Area 3
---------------------------------------------------------------------------
GABHA08-038       43.6       0.45      67.7      95.0     150.0       55.0
---------------------------------------------------------------------------
Including        104.1        1.0     158.7     105.0     125.0       20.0
---------------------------------------------------------------------------
Including        109.7        2.2     228.9     115.0     120.0        5.0
---------------------------------------------------------------------------
Including        203.3       0.18     213.1     120.0     125.0        5.0
---------------------------------------------------------------------------

---------------------------------------------------------------------------
Area 2
---------------------------------------------------------------------------
GABHA08-014        4.2       0.01       4.5       0.0     125.0      125.0
---------------------------------------------------------------------------
Including         10.4       0.01      10.7      45.0      55.0       10.0
---------------------------------------------------------------------------
Including         10.4          -      10.4      90.0      95.0        5.0
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GABHA08-019        6.7       0.12      13.0       0.0       5.0        5.0
---------------------------------------------------------------------------
And                     less
                   3.6  than 0.01       3.6     115.0     120.0        5.0
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GABHA08-020        5.7          -       5.7     125.0     130.0        5.0
---------------------------------------------------------------------------

---------------------------------------------------------------------------
Hole #          Silver       Gold    Silver      From        To     Length
                                      Eq.(i)
---------------------------------------------------------------------------

---------------------------------------------------------------------------
(Metric)          (gpt)      (gpt)     (gpt)       (m)       (m)        (m)
---------------------------------------------------------------------------

---------------------------------------------------------------------------
Area 3
---------------------------------------------------------------------------
GABHA08-038     1494.7       15.3    2321.2      29.0      45.7       16.8
---------------------------------------------------------------------------
Including       3570.0       34.6    5439.6      32.1      38.1        6.1
---------------------------------------------------------------------------
Including       3760.0       75.7    7847.8      35.1      36.6        1.5
---------------------------------------------------------------------------
Including       6970.0        6.3    7307.5      36.6      38.1        1.5
---------------------------------------------------------------------------

---------------------------------------------------------------------------
Area 2
---------------------------------------------------------------------------
GABHA08-014      143.2        0.2     154.4       0.0      38.1       38.1
---------------------------------------------------------------------------
Including        355.0        0.2     365.9      13.7      16.8        3.0
---------------------------------------------------------------------------
Including        357.0          -     357.0      27.4      29.0        1.5
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GABHA08-019      230.0        4.0     444.4       0.0       1.5        1.5
---------------------------------------------------------------------------
And              122.0        0.1     124.8      35.1      36.6        1.5
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GABHA08-020      195.0          -     195.0      38.1      39.6        1.5
---------------------------------------------------------------------------

(i)Gold:Silver Ratio 3 year average (1:54)
Metallurgical Recoveries and Net Smelter Returns are based on 100%
Numbers may not balance due to rounding
 
Drilling designed to extend the mineralization in the main discovery area to the south was successful. Mineralization was extended by approximately 80.0 ft (25.0 m) and now totals 160.0 ft (50.0 m) in length and remains open in every direction. Highlights are shown below:

---------------------------------------------------------------------------
Hole #          Silver       Gold    Silver      From        To     Length
                                      Eq.(i)
---------------------------------------------------------------------------

---------------------------------------------------------------------------
(Imperial)        (opt)      (opt)     (opt)      (ft)      (ft)       (ft)
---------------------------------------------------------------------------

---------------------------------------------------------------------------
Area 1
---------------------------------------------------------------------------
GABHA08-022        3.6          -       3.6      75.0      80.0        5.0
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GABHA08-023        6.1       0.03       7.5      25.0      60.0       35.0
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GABHA08-026        3.2          -       3.2     120.0     125.0        5.0
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GABHA08-028       25.2          -      25.2      60.0      65.0        5.0
---------------------------------------------------------------------------
And                6.7          -       6.7     145.0     150.0        5.0
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GABHA08-029        5.8       0.01       6.3       0.0      15.0       15.0
---------------------------------------------------------------------------
And                5.3       0.01       5.8      35.0      50.0       15.0
---------------------------------------------------------------------------
And                          less
                   3.5  than 0.01       3.6      65.0      70.0        5.0
---------------------------------------------------------------------------

---------------------------------------------------------------------------
Hole #          Silver       Gold    Silver      From        To     Length
                                      Eq.(i)
---------------------------------------------------------------------------

---------------------------------------------------------------------------
(Metric)          (gpt)      (gpt)     (gpt)       (m)       (m)        (m)
---------------------------------------------------------------------------

---------------------------------------------------------------------------
Area 1
---------------------------------------------------------------------------
GABHA08-022      122.0          -     122.0      22.9      24.4        1.5
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GABHA08-023      208.9        0.9     256.4       7.6      18.3       10.7
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GABHA08-026      111.0          -     111.0      36.6      38.1        1.5
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GABHA08-028      864.0          -     864.0      18.3      19.8        1.5
---------------------------------------------------------------------------
And              229.0          -     229.0      44.2      45.7        1.5
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GABHA08-029      198.3        0.3     216.7       0.0       4.6        4.6
---------------------------------------------------------------------------
And              180.3        0.4     200.2      10.7      15.2        4.6
---------------------------------------------------------------------------
And              120.0        0.1     123.5      19.8      21.3        1.5
---------------------------------------------------------------------------

(i)Gold:Silver Ratio 3 year average (1:54)
Metallurgical Recoveries and Net Smelter Returns are based on 100%
Numbers may not balance due to rounding
 
Early geological interpretation suggests that El Gallo contains a large amount of lower grade silver mineralization (1.0 -3.0 opt silver) (34.0 -100.0 gpt silver) with higher grades centralized around prominent structures (3.0 -25.0 opt silver) (100-850 gpt silver) and bonanza grades located where these prominent structures intersect (+25.0 opt silver) (+850 gpt). Although high-grade gold mineralization is present, it is not believed to be evenly distributed with the silver mineralization.

US Gold is encouraged by these results because: 1) the project has demonstrated its ability to host high-grade mineralization; 2) drilling has taken place over a broad area, suggesting good potential for expansion; and 3) the mineralization discovered to date is near surface.

PALMARITO - New Southwest Zone Delivers Highest Grades Yet

29.1 opt Silver (997.0 gpt silver) over 5. ft (1.5 m)

Recent conventional rotary drilling completed at the Southwest Zone was part of a program designed to expand the mineralization to the north and south (Figure 3). The majority of the results from these holes were released on November 19(th), 2008. The drill results below are the latest to be received from ALS Chemex laboratories.

Hole PMBHA08-042 is significant as it has returned the highest silver grades since US Gold began exploration at Palmarito and it provides additional confirmation of the mineralization. Hole PMBHA08-057 successfully increased the strike length of the zone by approximately 50.0 ft (15.0 m) to the south. The length of the zone now totals 225.0 ft (100.0 m) and remains open to the north, south and west.

---------------------------------------------------------------------------
Hole #               Silver        Gold    Silver     From     To   Length
                                            Eq.(i)
---------------------------------------------------------------------------

---------------------------------------------------------------------------
(Imperial)             (opt)       (opt)     (opt)     (ft)   (ft)     (ft)
---------------------------------------------------------------------------

---------------------------------------------------------------------------
                                   less
PMBHA08-042            14.5   than 0.01      14.7     70.0   95.0     25.0
---------------------------------------------------------------------------
Including                          less
                       29.1   than 0.01      29.3     80.0   85.0      5.0
---------------------------------------------------------------------------

---------------------------------------------------------------------------
                                   less
PMBHA08-054             3.6   than 0.01       3.7     65.0   75.0     10.0
---------------------------------------------------------------------------

---------------------------------------------------------------------------
PMBHA08-057             7.7           -       7.7     35.0   45.0     10.0
---------------------------------------------------------------------------
Including               9.7           -       9.7     40.0   45.0      5.0
---------------------------------------------------------------------------

---------------------------------------------------------------------------
Hole #               Silver        Gold    Silver     From     To   Length
                                            Eq.(i)
---------------------------------------------------------------------------

---------------------------------------------------------------------------
(Metric)               (gpt)       (gpt)     (gpt)      (m)   (m)       (m)
---------------------------------------------------------------------------

---------------------------------------------------------------------------
PMBHA08-042           496.6         0.1     502.3     21.3  29.0       7.6
---------------------------------------------------------------------------
Including             997.0         0.1    1003.5     24.4  25.9       1.5
---------------------------------------------------------------------------

---------------------------------------------------------------------------
PMBHA08-054           124.0         0.1     127.5     19.8  22.9       3.0
---------------------------------------------------------------------------

---------------------------------------------------------------------------
PMBHA08-057           263.0           -     263.0     10.7  13.7       3.0
---------------------------------------------------------------------------
Including             332.0           -     332.0     12.2  13.7       1.5
---------------------------------------------------------------------------
(i)Gold:Silver Ratio 3 year average (1:54)
Metallurgical Recoveries and Net Smelter Returns are based on 100%
Numbers may not balance due to rounding
 
Clarification on Stock Transfer

On November 18th, 2008 Rob McEwen transferred all his common shares and share purchase warrants of US Gold to a private company wholly-owned by Mr. McEwen. This private transaction was undertaken on the advice of Mr. McEwen's personal accountants for tax planning purposes only. There has been no change in beneficial ownership of the shares or warrants. On November 20th, 2008 filings were made with the SEC to reflect the changed in accordance with all applicable securities regulations.

ABOUT US GOLD

US Gold Corporation is a United States based gold exploration company exploring in northeastern Nevada and north-central Mexico. US Gold's shares trade on the American and Toronto Stock Exchanges under the symbol UXG and on the Frankfurt Exchange under the symbol US8.

QUALIFIED PERSON

This news release has been viewed and approved by Steve Brown, Senior Geologist and Project Manager, who is a Qualified Person as defined by National Instrument 43-101 and is responsible for program design and quality control of exploration undertaken by the Company at its Mexican exploration properties. All samples were analyzed by ALS Chemex utilizing a 4 acid digestion with ICP finish for silver and fire assay for gold.

Holes were drilled with conventional rotary drilling. Samples were taken every 5.0 ft (1.5 m). The true width of the mineral zone has not yet been determined.

Certain statements contained herein and subsequent oral statements made by and on behalf of the Company may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements may be identified by words such as "intends," "anticipates," "believes," "expects" and "hopes" and include, without limitation, statements regarding the Company's results of exploration, plan of business operations, potential contractual arrangements, receipt of working capital, anticipated revenues and related expenditures. Factors that could cause actual results to differ materially include, among others, those set forth in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2007 and other filings with the Securities and Exchange Commission, under the caption "Risk Factors". Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking statements. Except as otherwise required by applicable securities statutes or regulations, the Company disclaims any intent or obligation to update publicly these forward looking statements, whether as a result of new information, future events or otherwise.

Table 1

---------------------------------------------------------------------------
Hole #          Silver         Gold      Silver     From      To    Length
                                          Eq.(i)
---------------------------------------------------------------------------

---------------------------------------------------------------------------
(Imperial)        (opt)        (opt)        (opt)    (ft)    (ft)      (ft)
---------------------------------------------------------------------------

---------------------------------------------------------------------------
El Gallo
---------------------------------------------------------------------------

---------------------------------------------------------------------------
Area 2
---------------------------------------------------------------------------
GABHA08-06         1.4            -          1.4    25.0    30.0       5.0
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GABHA08-07           -            -            -       -       -         -
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GABHA08-08           -            -            -       -       -         -
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GABHA08-09           -            -            -       -       -         -
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GABHA08-010          -            -            -       -       -         -
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GABHA08-011        1.4         0.03          3.1     0.0    10.0      10.0
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GABHA08-012          -            -            -       -       -         -
---------------------------------------------------------------------------

---------------------------------------------------------------------------
                               less
GABHA08-013        1.7    than 0.01          1.8     5.0    15.0      10.0
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GABHA08-014        4.2         0.01          4.5     0.0   125.0     125.0
---------------------------------------------------------------------------
Including         10.4         0.01         10.7    45.0    55.0      10.0
---------------------------------------------------------------------------
Including         10.4            -         10.4    90.0    95.0       5.0
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GABHA08-018          -            -            -       -       -         -
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GABHA08-019        6.7         0.12         13.0     0.0     5.0       5.0
---------------------------------------------------------------------------
And                            less
                   3.6    than 0.01          3.6   115.0   120.0       5.0
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GABHA08-020        5.7            -          5.7   125.0   130.0       5.0
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GABHA08-021        1.8            -          1.8   135.0   145.0      10.0
---------------------------------------------------------------------------

---------------------------------------------------------------------------
Area 1
---------------------------------------------------------------------------
GABHA08-022        3.6            -          3.6    75.0    80.0       5.0
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GABHA08-023        6.1         0.03          7.5    25.0    60.0      35.0

---------------------------------------------------------------------------
GABHA08-024          -            -            -       -       -         -
---------------------------------------------------------------------------

---------------------------------------------------------------------------
                               less
GABHA08-025        1.6    than 0.01          1.8    45.0    55.0      10.0
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GABHA08-026        3.2            -          3.2   120.0   125.0       5.0
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GABHA08-027        1.7            -          1.7    40.0    45.0       5.0

---------------------------------------------------------------------------
GABHA08-028       25.2            -         25.2    60.0    65.0       5.0
---------------------------------------------------------------------------
And                6.7            -          6.7   145.0   150.0       5.0
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GABHA08-029        5.8         0.01          6.3     0.0    15.0      15.0
---------------------------------------------------------------------------
And                5.3         0.01          5.8    35.0    50.0      15.0
---------------------------------------------------------------------------
                               less 
And                3.5    than 0.01          3.6    65.0    70.0       5.0
---------------------------------------------------------------------------

---------------------------------------------------------------------------
Area 3
---------------------------------------------------------------------------
GABHA08-038       43.6         0.45         67.7    95.0   150.0      55.0
---------------------------------------------------------------------------
Including        104.1          1.0        158.7   105.0   125.0      20.0
---------------------------------------------------------------------------
Including        109.7          2.2        228.9   115.0   120.0       5.0
---------------------------------------------------------------------------
Including        203.3         0.18        213.1   120.0   125.0       5.0
---------------------------------------------------------------------------

---------------------------------------------------------------------------
Palmarito SW
Zone
---------------------------------------------------------------------------
                               less
PMBHA08-042       14.5    than 0.01         14.7    70.0    95.0      25.0
---------------------------------------------------------------------------
                               less 
Including         29.1    than 0.01         29.3    80.0    85.0       5.0
---------------------------------------------------------------------------

---------------------------------------------------------------------------
PMBHA08-053        2.4            -          2.4    85.0    90.0       5.0
---------------------------------------------------------------------------

---------------------------------------------------------------------------
                               less 
PMBHA08-054        3.6    than 0.01          3.7    65.0    75.0      10.0
---------------------------------------------------------------------------

---------------------------------------------------------------------------
PMBHA08-056        2.4            -          2.4    60.0    70.0      10.0
---------------------------------------------------------------------------

---------------------------------------------------------------------------
PMBHA08-057        7.7            -          7.7    35.0    45.0      10.0
---------------------------------------------------------------------------
Including          9.7            -          9.7    40.0    45.0       5.0
---------------------------------------------------------------------------

(i)Gold:Silver Ratio 3 year average (1:54)
Metallurgical Recoveries and Net Smelter Returns are based on 100%
Numbers may not balance due to rounding



Table 2
---------------------------------------------------------------------------
Hole #          Silver         Gold       Silver    From      To    Length
                                           Eq.(i)
---------------------------------------------------------------------------

---------------------------------------------------------------------------
(Metric)          (gpt)        (gpt)        (gpt)     (m)     (m)       (m)
---------------------------------------------------------------------------

---------------------------------------------------------------------------
El Gallo
---------------------------------------------------------------------------

---------------------------------------------------------------------------
Area 2
---------------------------------------------------------------------------
GABHA08-06        47.2            -         47.2     7.6     9.1       1.5
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GABHA08-07           -            -            -       -       -         -
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GABHA08-08           -            -            -       -       -         -
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GABHA08-09           -            -            -       -       -         -
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GABHA08-010          -            -            -       -       -         -
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GABHA08-011       46.4          1.1        105.2     0.0     3.0       3.0
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GABHA08-012          -            -            -       -       -         -
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GABHA08-013       58.6          0.1         63.4     1.5     4.6       3.0
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GABHA08-014      143.2          0.2        154.5     0.0    38.1      38.1
---------------------------------------------------------------------------
Including        355.0          0.2        365.9    13.7    16.8       3.0
---------------------------------------------------------------------------
Including        357.0            -        357.0    27.4    29.0       1.5
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GABHA08-018          -            -            -       -       -         -
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GABHA08-019      230.0          4.0        444.4     0.0     1.5       1.5
---------------------------------------------------------------------------
And              122.0          0.1        124.8    35.1    36.6       1.5

---------------------------------------------------------------------------
GABHA08-020      195.0            -        195.0    38.1    39.6       1.5
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GABHA08-021       61.4            -         61.4    41.1    44.2       3.0
---------------------------------------------------------------------------

---------------------------------------------------------------------------
Area 1
---------------------------------------------------------------------------
GABHA08-022      122.0            -        122.0    22.9    24.4       1.5
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GABHA08-023      208.9          0.9        256.4     7.6    18.3      10.7
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GABHA08-024          -            -            -       -       -         -
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GABHA08-025       54.1          0.1         61.0    13.7    16.8       3.0
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GABHA08-026      111.0            -        111.0    36.6    38.1       1.5
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GABHA08-027       58.3            -         58.3    12.2    13.7       1.5
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GABHA08-028      864.0            -        864.0    18.3    19.8       1.5
---------------------------------------------------------------------------
And              229.0            -        229.0    44.2    45.7       1.5
---------------------------------------------------------------------------

---------------------------------------------------------------------------
GABHA08-029      198.3          0.3        216.7     0.0     4.6       4.6
---------------------------------------------------------------------------
And              180.3          0.4        200.2    10.7    15.2       4.6
---------------------------------------------------------------------------
And              120.0          0.1        123.5    19.8    21.3       1.5
---------------------------------------------------------------------------

---------------------------------------------------------------------------
Area 3
---------------------------------------------------------------------------
GABHA08-038     1494.7         15.3       2321.2    29.0    45.7      16.8
---------------------------------------------------------------------------
Including       3570.0         34.6       5439.6    32.0    38.1       6.1
---------------------------------------------------------------------------
Including       3760.0         75.7       7847.8    35.1    36.6       1.5
---------------------------------------------------------------------------
Including       6970.0          6.3       7307.5    36.6    38.1       1.5
---------------------------------------------------------------------------

---------------------------------------------------------------------------
Palmarito SW
Zone
---------------------------------------------------------------------------
PMBHA08-042      496.6          0.1        502.3     21.3   29.0       7.6
---------------------------------------------------------------------------
Including        997.0          0.1       1003.5     24.4   25.9       1.5
---------------------------------------------------------------------------

---------------------------------------------------------------------------
PMBHA08-053       82.3            -         82.3     25.9   27.4       1.5
---------------------------------------------------------------------------

---------------------------------------------------------------------------
PMBHA08-054      124.0          0.1        127.5     19.8   22.9       3.0
---------------------------------------------------------------------------

---------------------------------------------------------------------------
PMBHA08-056       81.6            -         81.6     18.3   21.3       3.0
---------------------------------------------------------------------------

---------------------------------------------------------------------------
PMBHA08-057      263.0            -        263.0     10.7   13.7       3.0
---------------------------------------------------------------------------
Including        332.0            -        332.0     12.2   13.7       1.5
---------------------------------------------------------------------------

(i)Gold:Silver Ratio 3 year average (1:54)
Metallurgical Recoveries and Net Smelter Returns are based on 100%
Numbers may not balance due to rounding
 
To view Figure 1, please visit the following link:

http://media3.marketwire.com/docs/fig1_081126_magistral_district1.pdf

To view Figure 2, please visit the following link:

http://media3.marketwire.com/docs/fig2_081126_elgallo1.pdf

To view Figure 3, please visit the following link:

http://media3.marketwire.com/docs/fig3_081126_palmarito1.pdf

CONTACT INFORMATION:

US Gold Corporation
Ian Ball
VP, Mexico
(647) 258-0395 or Toll Free: 1-866-441-0690
Fax: (647) 258-0408

or

Mailing Address
US Gold Corporation
99 George Street, 3rd Floor
Toronto, ON M5A 2N4
Email: info@usgold.com

INDUSTRY: Manufacturing and Production - Mining and Metals

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Data and Statistics for these countries : Mexico | All
Gold and Silver Prices for these countries : Mexico | All

McEwen Mining

PRODUCER
CODE : MUX
ISIN : US58039P1075
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McEwen Mining is a gold development stage company based in Canada.

McEwen Mining produces gold, silver in Argentina and in Mexico, develops gold and silver in Mexico, and holds various exploration projects in Mexico.

Its main assets in production are MAGISTRAL MINE in Mexico and SAN JOSE ARGENTINA in Argentina, its main asset in development is EL GALLO MEXICO in Mexico and its main exploration properties are PALMARITO, GOLD PICK AND GOLD RIDGE, TONKIN PROJECT and MAGISTRAL in Mexico and LOS AZULES ARGENTINA and LIMO in Argentina.

McEwen Mining is listed in Canada, in Germany and in United States of America. Its market capitalisation is US$ 394.4 millions as of today (€ 340.0 millions).

Its stock quote reached its highest recent level on April 08, 2011 at US$ 9.87, and its lowest recent point on March 20, 2020 at US$ 0.53.

McEwen Mining has 337 054 594 shares outstanding.

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Financials of McEwen Mining
7/27/2017NOTICE OF Q2 2017 FINANCIAL RESULTS CONFERENCE CALL=C2=A0
5/5/2016Q1 2016 OPERATING & FINANCIAL RESULTS
5/4/2016Q1 2016 FINANCIAL RESULTS CONFERENCE CALL=C2=A0
11/5/2015Q3 2015 OPERATING & FINANCIAL RESULTS
8/6/2015REPORTS 2015 SECOND QUARTER OPERATING & FINANCIAL RESULTS
Project news of McEwen Mining
4/19/2017Reports Q1 2017 Production Results
7/25/2016REPORTS Q2 PRODUCTION RESULTS
5/2/2016(El Gallo Mexico)BUYS ATTRACTIVE EXPLORATION TARGET NEAR EL GALLO MINE=C2=A0
4/19/2016REPORTS Q1 PRODUCTION RESULTS ROYALTY ACQUISITION
8/12/2015Fresnillo denies reports 300 kg of gold stolen from Mexico m...
4/21/20157:31 am McEwen Mining announces drill results that are expec...
4/7/2015McEwen Mining says robbers stole 7,000 ozs of gold from Mexi...
2/20/2014El Gallo 1 Mine Expansion Nears Completion
5/29/2012Attention US Gold Canadian Acquisition Corporation Exchangea...
3/26/2012Canadian Acquisition Corporation Announces Redemption of All...
1/4/2012(El Gallo Mexico)Provides El Gallo Complex Construction & Exploration Update
10/25/2011(El Gallo Mexico)El Gallo Drilling Intersects Impressive Silver Mineralizatio...
8/31/2011(El Gallo Mexico)to Begin Phase 1 Development at El Gallo Project in Mexico
8/11/2011(El Gallo Mexico)oration: El Gallo Infill Drill Results & High Grade Minerali...
6/29/2011(El Gallo Mexico) Drilling Around El Gallo Continues to Build on the Open Pit...
5/31/2011(Limo)Nevada Exploration Update-New Encouraging Results at Limo & ...
4/26/2011(El Gallo Mexico)Encouraging Drill Results Continuefrom El Gallo & Surroundin...
3/30/2011(El Gallo Mexico)El Gallo Continues to Expand East & South
3/13/2011(El Gallo Mexico)El Gallo Extended in Multiple Directions
8/16/2010(El Gallo Mexico) El Gallo Drilling Expan
7/27/2010(El Gallo Mexico)Continues to Grow Regional Drilling Encounters Early Suc
6/23/2010(El Gallo Mexico)El Gallo Expanded at Depth & to the West
6/9/2010(El Gallo Mexico)El Gallo Drilling Continues to Deliver Impressive Results
5/10/2010(Palmarito)Regional Drilling in Mexico Returns 213=2E9 gpt Silver Over ...
5/3/2010(El Gallo Mexico)El Gallo: Drilling 350 Meters Away From Kn
4/6/2010(El Gallo Mexico)El Gallo Continues to Grow Rapidly More Thick Intercepts & G...
3/24/2010(El Gallo Mexico)Significant Grades & Widths Continue at US Gold's El Gallo S...
3/1/2010(El Gallo Mexico)El Gallo: Thick Intersections of Good Grade Continue
2/11/2010(El Gallo Mexico) El Gallo Best Drill Results to Date
1/28/2010(El Gallo Mexico)El Gallo Exploration Off to Excellent Start in 2010
9/9/2009Nevada Cortez Trend Drilling Intersects New Zone
7/15/2009(Limo)Boosts Resources with Limo Project Estimate (Nevada, USA)
7/7/2009(El Gallo Mexico)Continues to Expand 7.9 opt Silver Over 179 Feet
6/11/2009(El Gallo Mexico)Exploration News Release: El Gallo Drilling Continues to Ret...
3/2/2009(El Gallo Mexico)El Gallo Delivers Exceptional High-Grade Core Drill Results ...
2/12/2009(El Gallo Mexico)El Gallo Drill Results Continue to Shine; Initial Four Core ...
2/9/2009(El Gallo Mexico)El Gallo Continues to Grow, Delivering More High-Grade Silve...
1/6/2009El Gallo: Two New High-Grade Areas Discovered
12/17/2008Intersects Impressive High-Grade
12/4/2008(Gold Pick And Gold Ridge)Adds Gold Resources in Nevada
11/26/2008(Magistral)El Gallo Returns Good Results: 43=2E6 optSilver & 0=2E45 opt...
11/19/2008(Magistral)Hits Significant Intercepts in Mexico
11/5/2008(Magistral) Gold & Silver Mineralization Expands at Two Sites in Mexico
9/25/2008(Magistral)Drilling in the Magistral District Returns 23=2E7 Opt Silver...
9/17/2008(Magistral)New Discovery for US Gold in Magistral District
8/6/2008(Magistral)oration: Drill Results Continueto Shine in Mexico's Magistra...
5/20/2008(Tonkin) Tonkin Resource Estimate Increases to 1.76 Million Oz Gold
5/9/2008(Magistral)Provides Mexico & Nevada Exploration Update
2/21/2008(Magistral)Mexico Delivering Positive Results Magistral Mine Exploratio...
1/23/2008(Magistral)Mexico Regional Exploration Update: Ea =?ISO-8859-1?Q?rly=20...
Corporate news of McEwen Mining
8/10/2017TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
7/25/2016McEwen Mining Reports Q2 Production Results, Cash and Bullio...
7/14/2016Coverage Initiated on Select Gold Stocks
6/16/2016McEwen Mining Inc. Announces Change of Security Position in ...
6/15/2016Market Signals Coverage MeetMe and McEwen Mining Hit 52 week...
2/2/2016McEwen Mining Regains Compliance With NYSE Listing Standards
2/2/20167:01 am McEwen Mining has regained compliance with the NYSE'...
1/30/2016Information Purposes Only: NV Gold Reaches Agreement With Mc...
1/27/2016Evaluating Variations in Equity Market Trading - Complementa...
1/13/2016McEwen Mining Reports Record Production in 2015, Q4 Producti...
1/4/2016McEwen Mining Announces Management Appointment – Colin Suthe...
1/4/201610:15 am McEwen Mining appoints Colin Sutherland as Presiden...
1/4/2016Gold Stocks under Review -- McEwen Mining, Harmony Gold Mini...
12/29/2015Edited Transcript of MUX earnings conference call or present...
12/15/2015McEwen Mining New Financial Management Appointments
11/6/2015McEwen Mining Appoints Interim CFO
11/6/20159:55 am McEwen Mining appoints Rob McEwen as Interim Chief F...
11/5/2015McEwen posts 3Q profit
11/5/2015McEwen Mining Q3 2015 Operating & Financial Results
10/27/20156:31 am McEwen Mining reports Q3 production, showing 43,390 ...
10/21/2015McEwen Mining Announces Positive Feasibility Study for Gold ...
10/15/2015McEwen Mining (MUX) Jumps: Stock Adds 10.2% in Session
10/1/2015McEwen Mining Announces Management Change
10/1/2015McEwen Mining Announces Stock Repurchase Program
10/1/20154:49 pm McEwen Mining announces 15 mln share stock repurchas...
9/9/2015McEwen Mining Increases Production Guidance for 2015
8/27/2015Edited Transcript of MUX earnings conference call or present...
8/5/2015McEwen Mining Reports 2015 Second Quarter Operating & Financ...
7/22/2015Edited Transcript of MUX earnings conference call or present...
7/16/2015McEwen Mining Receives Insurance Proceeds
7/15/2015McEwen Mining Announces Record Quarterly Production at El Ga...
7/5/20154:32 pm McEwen Mining confirms that it has fallen below the ...
6/23/2015McEwen Mining Inc.: Production Update
6/23/20159:34 am McEwen Mining announces that production at the El Ga...
4/22/2015Global Demand Means the World's Most Important Base Metal Ma...
4/21/2015London Metal Exchange Copper Inventory Sees On-Warrant Stock...
4/21/2015McEwen Mining Announces Exploration Update for El Gallo 1, M...
4/16/2015McEwen Mining Announces Q1 2015 Production Results; Full Yea...
4/13/2015Statement by Rob McEwen- Cartel Confusion: Clarification of ...
4/10/2015Mining co. in Mexico has 'good relationship' with cartels
4/7/2015Armed Robbers Steal $8.5 Million of Gold From McEwen Mexico ...
4/7/2015McEwen Mining Reports Armed Robbery at El Gallo 1 Mine
4/7/20155:06 pm McEwen Mining reports armed robbery at El Gallo 1 mi...
3/20/2015BHP Billiton Boosts Growth on Higher Yield, Runs Risks - Ana...
3/10/2015McEwen Mining 2014 Operating & Financial Results
3/9/2015McEwen reports 4Q loss
3/9/2015McEwen Mining 2014 Operating & Financial Results
3/9/2015Announcement: Mcewen Mining Q4 & Full-Year 2014 Conference C...
3/9/2015Announcement: Mcewen Mining Q4 & Full-Year 2014 Conference C...
2/24/2015BHP Billiton 1H15 Results Weak, Down Y/Y on Headwinds - Anal...
2/13/2015Rio Posts Weak 2014 Results, Falls Y/Y on Market Headwinds -...
1/15/2015McEwen Mining Reports Record Production in 2014
1/15/2015McEwen Mining Reports Record Production in 2014
1/2/2015Rob McEwen, Chairman & Chief Owner Exercises Stock Options i...
12/22/2014Rob McEwen, Chairman & Chief Owner Exercises Stock Options i...
1/20/2012and Minera Andes Shareholders Vote to Approve Business Combi...
1/14/2012Responds to Settlement Offer Regardi
12/21/2011Rob McEwen Letter to Shareholders of US Gold and Minera Ande...
11/28/2011Announces Positive Preliminary Feasibi =?ISO-8859-1?Q?lity=2...
9/23/2011and Minera Andes Enter Into Arrangement Agreement to Form Mc...
5/18/2011Exploration Continues to Deliver Growth at El Gallo & Surrou...
7/19/2010Options Listed on Chicago Board of Options Exchange
6/7/2010Annual General Meeting of Shareholders
5/25/2010El Gallo MetallurgicalResults Demonstrate Excellent Silver R...
5/18/2010El Gallo Drilling Expands Silver Mineralization 100 Meters t...
4/26/2010El Gallo Continues to Impress
4/16/2010Announces Positive Preliminary Economi =?ISO-8859-1?Q?c=20As...
4/1/2010Announces 26% Increase in Measured and Indicated Resources a...
10/14/2009Nevada Delivers Good Drill Results
9/15/2009Added to the S&P/TSX Global Gold Index & S&P/TSX Global Mini...
8/5/2009Impressive Results Continue at El Gallo in Three Areas
6/10/2009Rob McEwen Invites Investors to US Gold's =?ISO-8859-1?Q?=20...
5/31/2009in New York City
5/26/2009Announces the Closing of Over-Allotment of Common Stock
5/19/2009Announces the Closing of Its Public Offering of Common Stock
12/3/2008Luncheon Dec 17, 2008
11/21/2008Dow Jones Article: US Gold
8/25/2008Exploration News Release
8/6/2008Outlines Nevada Exploration Program
7/7/2008Mexico Exploration Update
6/24/2008Mexico Exploration Update
5/14/20082008 US Gold AGM
3/25/2008Mexico Exploration Update
11/20/2007 Ann Carpenter has stepped down as President
10/5/2007Nevada Exploration Update
7/3/2007Completes Acquisitions of Target Companies!
7/4/2007& Lexam CEO Rob McEwen Appointed to the Order of Canada; Can...
6/12/2007Open Letter to US Gold Shareholders
6/12/2007Intriguing Grab Sample: Metal Value $2,200 Per Ton(i)
6/5/2007Announces Annual General Meeting
4/13/2007Canadian Acquisition Corporation TSX Listing Approved
4/10/2007Encouraging Results; Best Grade: 0.73 Opt Over 5 Ft.
3/13/2007 Reminds Shareholders of White Knight Resources, Nevada Paci...
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NYSE (MUX)TORONTO (MUX.T)
1.17+1.74%
NYSE
US$ 1.17
10/25 16:10 0.020
1.74%
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1.15 1.17
Low High
1.15 1.19
Year l/h YTD var.
0.960 -  1.65 18.18%
52 week l/h 52 week var.
0.936 -  1.65 -7.14%
Volume 1 month var.
2,205,086 11.43%
24hGold TrendPower© : 24
Produces Gold - Silver
Develops Gold - Silver
Explores for Copper - Gold - Silver
 
 
 
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