Dave Mathewson, VP, Head of Exploration of US Gold Corp (NASDAQ: $USAU) Talks About Keystone Property
Point Roberts, WA - June 29, 2017 (Investorideas.com Newswire) Investorideas.com, a global news source covering leading sectors including mining stocks releases an exclusive podcast interview with Dave Mathewson VP, Head of Exploration of US Gold Corp. (NASDAQ: USAU).
US Gold Corp.'s veteran geologist-explorer Dave Mathewson, says that the company's Keystone property has yielded promising results from recent drilling and that the success of neighboring mines may signify similar success for the district.
Mathewson said that activity in the past year indicates potential for the whole property.
"We have already begun drilling. Last year we drilled five aggressive vertical core holes," he said. "One of the things we are seeing is that the entire district is broadly prospective at this time."
Mathewson said that "those five holes led to some very interesting features" and pointed out that the host rock, which contains the deposit, is relatively close to the surface which means less drilling through the non-prospective upper plate rock package above it.
"One of the very good things that has happened is we have identified the host at much shallower levels than we had originally anticipated," he said. He also said "the lower plate that we're seeing" is "very prospective looking."
Mathewson, who has been in the business for over 35 years, commands great respect from his team. Edward Karr, the President, CEO and Chairman of US Gold Corp, explained Mathewson's vitality to the company.
"Dave Mathewson is really one of the premier exploration geologists in Nevada and North America," he said. "He has a real methodology that he goes through for exploration success time and time again. He likes to identify these real grassroots opportunities and then he comes in with modern exploration techniques."
He also emphasized the importance of controlling the totality of the district, which US Gold Corp. now does.
"We recently acquired the entire Keystone district. This was led by me mostly through my own claims. I had some existing claims in that area since 2002 and adding the rest of the claims we have the entire district now locked up," he said. "To have the entire district, within which to explore, under one's control--you can then apply some broader geophysics, geochemistry and get the context much more importantly and beneficially to the more focused exploration."
Mathewson also pointed out the success of nearby rivals who occupy the same trend, and how that bodes well for Keystone.
"Barrick is our nearest neighbor and they have a major operation in what they call the Cortez district, which includes the Pipeline deposit and Cortez Hills. They produce about a million ounces a year from that area," he said. "We can see their operation very well from where we're located and we happen to be along the same trend, in some of the same rocks and some of the same system appearances exist at Keystone as we see at Cortez."
Hear the full interview with Dave Mathewson VP, Head of Exploration
Dave Mathewson, VP, Head of Exploration of US Gold Corp Talks About Keystone Property
Dave Mathewson is a geologist-explorer with 35 years of exploration experience in Nevada alone. Notable discoveries made while Head of Newmont Nevada's Exploration team from 1989 through 2001 include: Tess, Northwest Rain, Saddle and South Emigrant in the Rain mining district. From 1999-2001 Mathewson-led team made important deposit extension discoveries at Newmont's Gold Quarry and Mike deposits. Most recently his work at Gold Standard Ventures led to the consolidation of the Railroad-Pinion district and the North Bullion & Bald Mountain discoveries.
About US Gold Corp.
US Gold Corp is a publicly traded U.S. focused gold exploration and development company. US Gold Corp has a portfolio of development and exploration properties. Copper King is located in South East Wyoming and has a historical Preliminary Economic Assessment (PEA) done by Mine Development Associates in 2012 for Strathmore Minerals Corporation. Keystone is an exploration property on the Cortez trend in Nevada, identified and consolidated by Dave Mathewson. For more information about US Gold Corp, please visit www.usgoldcorp.gold
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