Intersections At The Whistler Gold-Copper Project

Intersections At The Whistler Gold-Copper Project

ANCHORAGE, AK – U.S. GoldMining Inc. reported on the drilling program at the Whistler Gold-Copper Project n Alaska. The Program comprised infill drilling which successfully confirmed continuity of the high-grade, near-surface core of the Whistler Deposit, and step out drilling which has extended the Deposit beyond previous known extents.

WH23-03 intersected 547 meters at 1.06 grams per tonne (g/t) gold equivalent (AuEq), including 176 meters at 1.55 g/t AuEq. WH23-01 intersected 241 meters at 0.60 g/t AuEq, including 118 meters at 0.74 g/t AuEq. WH23-02 intersected 142 meters at 0.51 g/t AuEq, including 22 meters at 1.10 g/t AuEq.

Assay results have increased confidence in the continuity of mineralization within the Deposit’s core of high-grade mineralization which extends to surface. The Whistler Deposit remains open along strike and at depth, and an additional 12 targets for potential discovery of additional porphyry hosted mineralization remain untested in the Whistler-Raintree area. The Company plans to re-commence an approximate 10,000 meter drilling program at the Project at the start of the 2024 field season.

Alastair Still, Chairman, said, “The 2023 Whistler drill program returned the longest drill intercept of consistent mineralization ever recorded at the Project: 547 meters at 1.06 g/t AuEq in WH23-03, which ended in strong mineralization and remains open at depth. Drilling also indicated an expansion of the Whistler Deposit to the southwest, which remains open along strike and at depth, and we have confirmed confidence that mineralization extends to surface in two of the three drill holes. In general our team has made significant breakthroughs in the geological model over the past year, completed the first drill program at the Project in over a decade, and delivered exceptional drill results that helped us to achieve our overall objective in 2023 of ‘rediscovering’ the Whistler Project, one of the largest undeveloped gold-copper resources in the United States not yet in the hands of a major.”