USAU continues cranking early as new news hits the wire this morning.

SmallCapFirm

Nasdaq Low Float Idea (USAU) Has More Breaking News This AM Sending It To Another 52-Week High

December 29th

SCF Readers,

USAU continues cranking early as new news hits the wire this morning.

Check it out here:

U.S. Gold Corp. Drills 244 m (800 ft) of Continuous Mineralization, Including 78.3 Meters (257 ft) of 5.708 g/t AuEq from Surface for its Fourth Metallurgical Hole at the CK Gold Project in Wyoming

- Earlier test hole CK20-04cA, which was lost at 29.6m (97 ft) and averages 29.2 meters of 5.075 g/t AuEq, shows similar grades and mineralization thicknesses as CK20-04cB.

- 04cB also includes an interval of 104 meters (342 ft) of 1.41 g/t AuEq below the higher-grade intercept.

- Drill hole location was to obtain metallurgical sample for process optimization from the center of the deposit as outlined by historical drilling, 380 ft east from CK20-01c, released December 16, 2020.

ELKO, Nevada, Dec. 29, 2020 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) (the "Company"), a gold exploration and development company, is pleased to announce additional results of the recent twenty-nine hole drilling program for its CK Gold Project, an advanced stage gold and copper exploration and development project located just outside of Cheyenne, Wyoming.

George Bee, President and CEO of U.S. Gold Corp. commented, "We believe that hole CK20-04cB results returned an outstanding intercept of higher-grade gold and copper mineralization from the core of the CK Gold deposit. Perceptions in the past have been that CK Gold is just a low-grade deposit but our drilling to date verifies a higher-grade component, with attractive grades at the core of the deposit. As detailed in our previous releases, this is some of the first material that would be mined in any potential future mining operation and could lead to a quicker payback period after mine construction, should a positive PFS and FS be produced for the project. Metallurgical work is currently in progress on a composite created from holes CK20-04cA and 04cB at KCA of Reno, Nevada."

Read the full article here.

With this news and yesterday's news combined, USAU has been surging early.

At $15.88, USAU has hit a new 52-week high and could be ready to go even more vertical.

Remember, this is a low float idea which means positive news could bring in the type of volatility we've seen so far today.

If you haven't read my initial USAU report below, do so now.

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In the last 2 weeks, I've released 2 Nasdaq profiles that turned into major short-term champs.

Both were released at 9:30AM EST. One rushed to a new 52-week high (approximate 94% run after release) while the other hit a new 9-month high (approximate 39% run after release).

Now, the market is open and it's time to focus in on a previous 2X Nasdaq champ right this second...

Recently I alerted this profile on August 13th at approximately $11.32 and watched it climb to $14.27 on August 18th for a near $3.00 move.

Before that, I released this profile on March 24 at approximately $4.88 and saw it run to $12.74 on March 25th for a 161% run.

With this Nasdaq profile looking like it could be ready for its next potential breakout, it's time to get it back on your radar.

For December 29th, 2020, your Nasdaq profile is:

U.S. Gold Corp. (USAU)

U.S. Gold Corp. is a U.S.-focused gold exploration and development company advancing high potential projects in Nevada and Wyoming.

Recently, an article on CNBC reported insider insights on gold, saying:

Gold prices could forge ahead to $4K per ounce in the next three years, but factors such as the development of a C-virus vaccine and the November U.S. elections could change the fortunes of the precious metal, analysts say. This year, gold prices have shot to record highs not seen since September 2011. Investors have been fleeing to "safe haven" assets as the pandemic shows no signs of abating. [...].

"It's quite easy to see gold going to $4K," Frank Holmes, CEO at investment firm U.S. Global Investors, told CNBC [...].

Gold Demand Soars - Exploration Companies Could Be Next

With a massive surge in gold demand, exploration companies could be in a prime position to profit.

Elliott Management’s Paul Singer says gold is "one of the most undervalued” assets available and that its fair value is “multiples of its current price.”

Greenlight Capital’s David Einhorn says, “We believe the implied negative interest rates are bullish for gold and for unlevered real assets with pricing power.”

JPMorgan Chase are advising investors to hedge their risk with gold.

Since the very end of November, the price of gold has been surging and has been nearing $1,900 once again:

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Partly because of this record surge you can see in the 5-year chart above, gold has been a heavily sought after item.

In turn, that could make gold exploration companies strongly targeted stocks in the short, medium, and long-terms.

Knowing this, I want to run a few potential driver indicators for USAU by you because they could end up helping to send this profile's shares vertical moving forward.

Your Top #1 Potential USAU Driver Indicator

According to Yahoo Finance, USAU his a minuscule float.

The website reports this profile to have only 5.09Mn shares in its float.

That is super small...

So why is that important? It's important on one crucial level. Volatility.

With so few shares available for trading, the slightest bit of positive company news can send shares heading vertical in no time at all.

Don't forget what I mentioned above. I previously brought USAU to your attention on two separate occasions only to watch it make explosives moves in the short-term afterward.

Could the next bit of big news be right around the corner for USAU that sends share prices vertical again?

Your Top #2 Potential USAU Driver Indicator

H.C. Wainwright analyst, Heiko Ihle, has provided U.S. Gold with an $17.50 price target.

From this past Thursday's close of $13.15, that gives USAU upside potential of approximately 32.2%!

Additionally, Ihle reiterated a "Buy" rating on the stock.

See the price target here.

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Your Top #3 Potential USAU Driver Indicator

Recently, the company released a major update on their CK Gold Project in Wyoming:

U.S. Gold Corp. Drills Continuous Mineralization and Attractive Gold Equivalent Grade of 1.126 g/t Over 177.5 Meters Within its CK Gold Project in Wyoming

- 177.5 meters (600 feet) of continuous gold, copper and silver mineralization with an average gold equivalent grade of 1.126 g/t

- 2020 drill program was a combination of core and reverse circulation drilling

- The twenty-nine hole drill program is designed to advance the CK Gold Project to the Pre-Feasibility Study level

- Drill holes were for metallurgical, geotechnical, hydrological and resource expansion purposes

ELKO, Nev., Dec. 16, 2020 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) (the "Company"), a gold exploration and development company, is pleased to announce the first results of the recent twenty-nine hole drilling program for its CK Gold Project, an advanced stage gold and copper exploration and development project located just outside of Cheyenne, Wyoming. The results of the program, which are 177.5 meters (600 feet) of continuous gold, copper and silver mineralization with an average gold equivalent grade of 1.126 g/t, demonstrate strong continuity of attractive gold and copper grades.

George Bee, President and CEO of U.S. Gold Corp. commented, "I'm very pleased with the data from this first hole as it not only validates the previous interpretation of the resource, it shows that there may be some better grade to further enhance the economics of the project. Furthermore, we have good values to chase at the bottom of the conceptual PEA pit resulting in exploration potential that will be our focus once we have cemented the project's value proposition in the Pre-Feasibility Study."

Comments on hole CK20-01c results:

  • The hole shows continuous gold and copper grades for the length of the hole with an additional silver component previously not included in exploration results
  • The hole terminated at its planned depth in mineralized material exceeding 2 g/t Au; implying very good resource expansion potential for attractive grades at depth to the northwest
  • Overall average gold grade of 0.81 g/t (1.126 g/t AuEq); better than the average grades outlined in the PEA for the resource, last updated in 2009

Results from this first metallurgical core hole are encouraging, as they demonstrate the continuity of attractive gold and copper grades within the CK Gold Project deposit. Historical drilling in the vicinity of CK20-01c was recently tested by two core holes to collect metallurgical samples. As announced previously, CK20-01c was designed to obtain metallurgical samples in known mineralization, drilled parallel to strike of the mineralized zone. Pursuing additional mineralization at depth will be the subject of follow-up exploration drilling post Pre-Feasibility Study.

Read the full article here.

Your Top #4 Potential USAU Driver Indicator

In October, the company released a shareholder update that is a must-read. Here are a handful of highlights:

U.S. Gold Corp. Letter to Shareholders

"We are bullish on gold and believe this bull market will continue. We are seeing governments and central banks around the globe flooding the capital markets with both fiscal and monetary stimulus, and real interest rates are negative in many of the world’s currencies, leading us to believe that the landscape for gold will be favorable in the coming months and years. Over the course of the past year, we have accomplished several initiatives that we believe should create long-term value. These include:

- Our recent acquisition of Northern Panther Resource Corporation, which provided:

  • The Challis Gold Project in Idaho
  • Additional capital
  • Key industry shareholders

- The strengthening of our management team with:

  • Appointment of George Bee as President
  • Appointment of Eric Alexander as Chief Financial Officer

- Commencement of the CK Gold Project Pre-Feasibility Study

- Continued advancement of our exploration portfolio

Although we are confident that U.S. Gold provides a promising opportunity, we are, nevertheless, mindful that there is risk involved, as there is for all junior exploration and development companies, and this is why we intend to advance in a conservative and methodical manner. We believe we are highly undervalued compared to our peer group with similarly defined resources and we believe there are many opportunities ahead to unlock significant value for our shareholders.

As of the writing of this letter, we have projects in three of the best mining-friendly states in the U.S. – Wyoming, Nevada and Idaho."

Read the full letter here.

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Your Top #5 Potential USAU Driver Indicator

USAU is displaying extremely strong, bullish technicals at this very moment.

According to Barchart's website, USAU has several triggered technicals in small, medium, and long-term.

Here are some of the more important, bullish technicals to take into consideration:

Short Term Indicators

  • 20 Day Moving Average
  • 20 - 50 Day MACD Oscillator
  • 20 - 100 Day MACD Oscillator
  • 20 - 200 Day MACD Oscillator

Medium Term Indicators

  • 50 Day Moving Average
  • 50 - 150 Day MACD Oscillator
  • 50 - 200 Day MACD Oscillator

Long Term Indicators

  • 100 Day Moving Average
  • 150 Day Moving Average
  • 200 Day Moving Average
  • 100 - 200 Day MACD Oscillator

On top of these all being triggered as bullish, Barchart also reports the same for its overall, composite indicator "TrendSpotter."

The site shares an overall "88% BUY" recommendation on overall average for USAU.

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Top Projects Copper King & Keystone Could Be Game-Changers

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Click here to find the full link to USAU's investor presentation.

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Gold Continues Soaring... Will USAU Be Next?

Here's the deal, the market is already open today and USAU needs your immediate attention.

Due to those top potential driver indicators above, along with gold's price soaring in record fashion as the world continues to exist in turmoil, USAU could be your next major breakout.

Coverage officially initiated on USAU.

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If there are any more updates today, I'll get them out to you quickly.

Sincerely,

Axel Adams

Editor, SCF


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(Always Remember The Stock Prices Could Be Significantly Lower Now From The Dates I Provided.)​

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Pursuant to an agreement between Stock News Wire LLC and Legends Media, LLC, StockWireNews has been hired for a period beginning on 12/29/20 and ending on 12/30/20 to publicly disseminate information about (USAU) via Website, Email and SMS. We have been paid twenty-seven thousand five hundred USD via bank wire transfer. We own zero shares of (USAU). To date, we have now been compensated a total of one hundred and seventy-nine thousand five hundred USD via bank wire transfer to disseminate information about (USAU).