US Gold’s El Gallo Project update

US Gold Corporation (NYSE:UXG) discovers of three gold-bearing veins near the company’s El Gallo Project in Sinaloa state, Mexico.

The press release is quoted as saying:

The Alamo and Oro veins were historically mined underground on a limited scale. Mining targeted the upper portion of the vein that appears at the surface. Underground sampling on the veins produced encouraging values for gold and was followed-up with the drilling described above. The El Gallo Gold Zone vein was initially discovered by a US Gold prospector in late 2008, but delays in permitting didn’t allow the area to be drill tested until recently.

Click here to access the entire press release