U.S. GoldMining Intersects 120 meters at 1.00 g/t Gold Equivalent

ANCHORAGE, Alaska, Nov. 18, 2024 /PRNewswire/ – U.S. GoldMining (NYSE:) Inc. (NASDAQ: USGO) (“U.S. GoldMining” or the “Company“) is pleased to announce new assay results from the 2024 confirmatory diamond core drilling program completed at the Whistler Gold-Copper Project (the “Project“) in Alaska, U.S.A. The results reported in this news release will highlight WH24-02, which was drilled from within the Whistler Deposit (the “Deposit“).

Selected Highlights:

• WH24-02 intersected high-grade mineralization within the western portion of the Whistler Deposit:
  • Main Zone intercept of 120 meters (m) at 0.72 grams per tonne (g/t) gold (Au), 0.16 percent (%) (Cu) and 0.83 g/t silver (Ag), or 1.00 g/t gold equivalent (AuEq)^{, from 291 m to 411 m down hole;}
  • Including higher-grade intercepts:
    • 40 m at 1.28 g/t AuEq from 297 m downhole; and
    • 20 m at 1.26 g/t AuEq from 357 m downhole.
  • Total (EPA:) mineralized envelope comprises 274 m at 0.71 g/t AuEq (0.48 g/t Au, 0.12% Cu and 0.86 g/t Ag) from 227 m to 501 m below surface.
• Assays remain pending for an additional three drill holes from the Company’s recently completed 2024 drilling program which exceeded 4,000 meters for the season.

Tim Smith, Chief Executive Officer of U.S. GoldMining, commented: “Based on our evolving geological understanding originating from the successful 2023 drilling program, our technical team continues to identify opportunities to test under-drilled portions of the Whistler Deposit for zones of higher-grade mineralization. A component of the 2024 drill program subsequently focused on confirmatory drilling within the western portion of the Deposit, where as a result of the Company’s relogging program and geochemical zonation modeling, WH24-02 targeted a zone of postulated high-grade mineralization, yielding 120 m at 1.00 g/t AuEq. We hope to build upon this program with the goal of further upgrading the existing mineral resource profile of the Project.

I want to again acknowledge our professional and hard-working technical team that have…