Latest news with #WhistlerGold-CopperProject
Cision Canada
15 hours ago
- Business
- Cision Canada
U.S. GoldMining Advances Planning With State of Alaska Officials for Critical Road Infrastructure to the Whistler Gold-Copper Project, Alaska
ANCHORAGE, Alaska, Aug. 11, 2025 /CNW/ - U.S. GoldMining Inc. (NASDAQ: USGO) (" U.S. GoldMining" or the " Company") is pleased to provide an update with respect to discussions with representatives from the State of Alaska and Matanuska-Susitna Borough (" MSB") regarding plans to advance the West Susitna Access Project (" WSAP"). The Company is very pleased to report, based on discussions to date, continued strong support at all levels of government for the Whistler Gold-Copper Project (" Whistler" or the " Project") and that all critical elements of the WSAP, which will connect Whistler with existing highway, rail, power and port infrastructure, are moving forwards expeditiously with respect to design, environmental baseline studies, stakeholder engagement and permitting. U.S. GoldMining's President and Chief Executive Officer, Tim Smith, was invited to meet with Alaska Governor Mike Dunleavy on August 7, 2025, and with the Executive Director of the Alaska Industrial Development and Export Authority (" AIDEA") and the Commissioner of the Alaska Department of Transportation and Public Facilities (" ADOT&PF"), along with additional industry leaders representing resource development companies which are also advancing projects in the West Susitna Mineral District. The meeting included an update for industry representatives by AIDEA, which recently submitted a permit application for its 78.5 miles of proposed public and industry road (see AIDEA's news release dated July 25, 2025) that will connect Whistler with existing transportation and energy infrastructure in the eastern MSB. Mr. Smith also met with MSB Mayor, Edna DeVries, on August 6, 2025, to share updates on the Company's progress at Whistler and to hear about MSB's development plans at Port Mackenzie, located at the eastern terminus of the WSAP. Tim Smith, Chief Executive Officer of U.S. GoldMining, commented:"We thank Governor Dunleavy and Mayor DeVries for their leadership in supporting plans to expedite the design, permitting and construction of the West Susitna Access Project. This transformative access initiative will directly connect Whistler with existing transportation and energy infrastructure within the greater Anchorage region of Southcentral Alaska; thus Whistler will be a direct beneficiary of the WSAP. As we advance our proposed initial economic assessment, which was previously announced on June 9, 2025, and mobilize teams into the field for the 2025 exploration program (see news release dated July 21, 2025), we remain committed to working collaboratively with all levels of government, regulatory agencies and other stakeholders in support of the WSAP and the long-term development of Whistler." About the Proposed West Susitna Access Project The WSAP comprises two elements: ADOT&PF's project to build 22-miles of new public road extending west from the existing road network in Southcentral Alaska, and a further 78.5-miles of public and industry road being led by AIDEA that will extend into the foothills of the Alaska Range, terminating at the Company's exploration camp near the Whisky Bravo airstrip (see Figure 2). The WSAP will connect existing road, power, rail and port infrastructure in the eastern MSB, with multiple natural resource development projects located in the West Susitna Mining District, including the Company's Whistler Project. Alaska Governor Mike Dunleavy was recently quoted (July 25, 2025): "AIDEA's West Susitna Road holds significant value for Alaskans, especially local residents seeking better access to hunting, fishing, recreation, and potential opportunities in mining, processing, and manufacturing. My administration and AIDEA are continually exploring ways to boost our economy and create well-paying jobs for families. This project presents a fantastic opportunity for Alaska to expand and generate revenue. I am dedicated to this initiative and to unlocking resources that will benefit all Alaskans." Matanuska-Susitna Borough Mayor Edna DeVries was also quoted (July 25, 2025): "The West Susitna Access Project represents more than just a road, it's a strategic investment in our region's future. This step by AIDEA to advance permitting shows real momentum toward opening long-overdue access for families, businesses, and future generations. Reliable road access means a stronger local economy and more opportunities for recreation and responsible development. I'm pleased to see this project progressing and look forward to the lasting benefits this will bring for the Mat-Su." Technical Information For further information regarding the Project refer to the technical report summary titled "S-K 1300 Technical Report Summary Initial Assessment for the Whistler Project, South Central Alaska" with an effective date of September 12, 2024, and the technical report titled "NI 43-101 2024 Updated Mineral Resource Estimate for the Whistler Project, South Central Alaska" with an effective date of September 12, 2024, available under the Company's respective profiles at and Tim Smith, Chief Executive Officer of U.S. GoldMining, has supervised the preparation of this news release and has reviewed and approved the scientific and technical information contained herein. Mr. Smith is a "qualified person" as defined in Canadian National Instrument 43-101 – Standards of Disclosure for Mineral Projects. About U.S. GoldMining Inc. U.S. GoldMining Inc. is an exploration and development company focused on advancing the 100% owned Whistler Gold-Copper Project, located 105 miles (170 kilometers) northwest of Anchorage, Alaska, U.S.A. The Whistler Project consists of several gold-copper porphyry deposits and exploration targets within a large regional land package entirely on State of Alaska Mining claims totaling approximately 53,700 acres (217.5 square kilometers). The Whistler Project Mineral Resource Estimate comprises 294 Mt at 0.68 g/t AuEq for 6.48 Moz AuEq Indicated, plus 198 Mt at 0.65 g/t AuEq for 4.16 Moz AuEq Inferred. Visit for more information, including high resolution figures. Forward-Looking Statements Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" within the meaning of the United States federal securities laws and "forward-looking information" within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). Such statements include statements with regard to the Company's expectations regarding the Project, planned work at the Project and the development of proposed infrastructure by the State of Alaska. Words such as "expects", "anticipates", "plans", estimates" and "intends" or similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on U.S. GoldMining's current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict and involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the actual results of future exploration may not confirm expectations, variations in the underlying assumptions associated with the estimation or realization of mineral resources, the availability of capital to fund programs, changes in government policy, accidents, labor disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals or permits, title disputes other risks inherent in the exploration and development of mineral properties and the other risk factors set forth in the Company's filings with the U.S. Securities and Exchange Commission at and Canadian Securities Administrators at Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release. Forward-looking statements contained in this news release are made as of this date, and U.S. GoldMining does not undertake any duty to update such information except as required under applicable law.
Cision Canada
21-07-2025
- Business
- Cision Canada
U.S. GoldMining Announces 2025 Exploration Program Targeting Continued Growth at the District Scale Whistler Gold-Copper Project, Alaska
, July 21, 2025 /CNW/ - U.S. GoldMining Inc. (NASDAQ: USGO) (" U.S. GoldMining" or the " Company") is pleased to provide an update on the Whistler Gold-Copper Project (the " Project") in Alaska, U.S.A. The Company is currently preparing and mobilizing for the 2025 field season which will focus on developing new potential porphyry gold-copper drill targets within the Whistler Orbit and undertaking follow-up mapping and sampling at the Muddy Creek prospect. 2025 Planned Exploration Program Highlights: The 2025 exploration program expands the scope from previous seasons, which focused on delineating and growing the Whistler deposit. As the Company advances its previously announced initial assessment study (" PEA") for the Project (see news release dated June 9, 2025) with the objective of defining a potential economic base-case mining opportunity, the Company's exploration focus now turns to developing a pipeline of exploration targets at the district-scale, which aims to deliver additional future potential mineral resources over the longer term. The focus of the planned 2025 exploration program (the " Program") is to develop new drill targets for potential gold-copper mineralization within the Whistler – Raintree mineral system, also referred to as the ' Whistler Orbit ', which comprises a classic 'porphyry cluster' spread over an area of approximately 5 x 5 km, containing multiple mapped and interpreted porphyry intrusions and including the established Whistler and Raintree West mineral resource deposits. The Program will also include follow-up mapping and sampling of the Muddy Creek mineral system – a large gold-in-soil geochemical footprint over an area of approximately 6 km x 4 km with an intrusion-related gold geochemical signature. Tim Smith, Chief Executive Officer of U.S. GoldMining, commented:"The near all-time high prices for gold, copper and silver create an ideal environment to advance the Project on multiple fronts. Thus, as the Company progresses its initial assessment study, we are excited to also announce our 2025 exploration plans. The Program will build upon the geological advances made in 2023 and 2024, with the objective to develop a pipeline of targets and potential future mineral resources to underpin the Project over the longer term. The three established mineral deposits which comprise the existing Project mineral resource estimate - Whistler, Raintree and Island Mountain - occupy only ~1% of the Company's land holdings, highlighting the broader exploration potential for the Project. Across our large land package, located 100% on State of Alaska Mining claims, we have identified numerous additional porphyry and intrusion related targets, ranging from early stage gold-in-soil and geophysical anomalies through to more advanced drill targets. The Program, to be funded from existing treasury, will have the objective of delivering new targets for systematic follow-up via future drilling programs. We look forward to providing updates on progress and results as the Program advances." 2025 Program Details The Company is readying to mobilize field teams to the Project in the coming weeks and expects to commence drilling shortly thereafter at the Whistler – Raintree mineral system (see Figure 1). Exploration will initially comprise shallow base of till / top of bedrock auger drilling, utilizing a small mobile 'shock auger' drill which specializes in penetrating unconsolidated till deposits to rapidly and cost effectively test multiple near surface target areas. The objective of this drilling is to vector towards fertile porphyry intrusions and define future deeper follow-up drill targets. The Company has defined over 25 individual potential exploration targets within the Whistler – Raintree mineral system, comprising geophysical signatures similar to the known Whistler deposit. Muddy Creek previous exploration included reconnaissance historic rock chip sampling which returned 73 samples that assayed >1 gram per tonne gold (" g/t Au"), including 20 samples which assayed >10 g/t Au, and peak values of 111.50 g/t Au, 69.13 g/t Au and 56.6 g/t Au (see news release dated June 16, 2025). Mapping and follow-up sampling this field season will aim to map the intrusion related mineral system to define zones of higher density quartz veining, potentially located within the upper parts of the host granitoid intrusion, with the overall objective to define targets for a future follow-up drilling program. Technical Information For further information regarding the Project and the mineral resource estimates referenced herein, refer to the technical report summary titled "S-K 1300 Technical Report Summary Initial Assessment for the Whistler Project, South Central Alaska" with an effective date of September 12, 2024, and the technical report titled "NI 43-101 2024 Updated Mineral Resource Estimate for the Whistler Project, South Central Alaska" with an effective date of September 12, 2024, available under the Company's respective profiles at and Tim Smith, Chief Executive Officer of U.S. GoldMining, has supervised the preparation of this news release and has reviewed and approved the scientific and technical information contained herein. Mr. Smith is a "qualified person" as defined in Canadian National Instrument 43-101 – Standards of Disclosure for Mineral Projects. About U.S. GoldMining Inc. U.S. GoldMining Inc. is an exploration and development company focused on advancing the 100% owned Whistler Gold-Copper Project, located 105 miles (170 kilometers) northwest of Anchorage, Alaska, U.S.A. The Whistler Project consists of several gold-copper porphyry deposits and exploration targets within a large regional land package entirely on State of Alaska Mining claims totaling approximately 53,700 acres (217.5 square kilometers). The Whistler Project Mineral Resource Estimate comprises 294 Mt at 0.68 g/t AuEq for 6.48 Moz AuEq Indicated, plus 198 Mt at 0.65 g/t AuEq for 4.16 Moz AuEq Inferred. Visit for more information, including high resolution figures. Forward-Looking Statements Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" within the meaning of the United States federal securities laws and "forward-looking information" within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). Such statements include statements with regard to the Company's expectations regarding the Project, its planned exploration program and initial economic assessment at the Project and the Project's exploration potential. Words such as "expects", "anticipates", "plans", estimates" and "intends" or similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on U.S. GoldMining's current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict and involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the actual results of future exploration may not confirm expectations, variations in the underlying assumptions associated with the estimation or realization of mineral resources, the availability of capital to fund programs, accidents, labor disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals or permits, title disputes other risks inherent in the exploration and development of mineral properties and the other risk factors set forth in the Company's filings with the U.S. Securities and Exchange Commission at. and Canadian Securities Administrators at Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release. Forward-looking statements contained in this news release are made as of this date, and U.S. GoldMining does not undertake any duty to update such information except as required under applicable law.
Cision Canada
14-07-2025
- Business
- Cision Canada
U.S. GoldMining Welcomes Increased Copper Price Momentum, Highlights Strategic Copper-Gold Potential at Whistler Project in Alaska
, July 14, 2025 /CNW/ - U.S. GoldMining Inc. (NASDAQ: USGO) (" U.S. GoldMining" or " the Company") is advancing the Whistler Gold-Copper Project (" Whistler" or " the Project"), located in Alaska, U.S.A. As the Company progresses its previously announced initial assessment study (" PEA") (see news release dated June 9, 2025), it is closely tracking consensus and spot metal prices, and is encouraged by the price of copper which has risen approximately 14% over the past month, and is up approximately 20% compared to the same time last year. Tim Smith, Chief Executive Officer of U.S. GoldMining, commented: " We believe that the existing gold-copper-silver deposits already delineated at the Project, combined with district-scale exploration potential and proximity to existing and planned future infrastructure in south-central Alaska, makes the Project stand out among other American gold-copper projects. Whistler is further poised to benefit from recent increases in the price of gold, copper and silver, the three metals contained within the Whistler mineral resources. Current federal policy further emphasizes the advantage for U.S.-based gold-copper developers such as U.S. GoldMining, and as an American domiciled company with a project located in the Tier 1 jurisdiction of Alaska, the Company is positioned to benefit as domestic copper supply becomes increasingly vital. We believe U.S. GoldMining offers investors a compelling opportunity to gain exposure to both gold and copper upside as demand accelerates." Over the past six months, the U.S. federal administration has begun to implement initiatives to speed up the permitting processes for potential future U.S. mine development projects which are crucial to securing domestic resource security. Additionally, the Trump administration's action on trade policy, including the recent announcement of a proposed 50% tariff on foreign copper imports into the United States on July 8, 2025, which is aimed at strengthening America's critical minerals independence, sent the price of copper to all-time highs. For U.S. GoldMining, it marks a potential inflection point for the Company's flagship Project, with district-scale exploration potential and a large copper-gold-silver mineral resource in one of America's most prospective and mining-friendly jurisdictions, Alaska. The Whistler Gold–Copper Project: A U.S.A. Based Critical Metals Project Multi-metal resource: Whistler contains gold, copper and silver, aligning with U.S. critical mineral priorities. Domestic location: Whistler is the closest large undeveloped gold-copper mineral deposit to Anchorage, Alaska's largest city (see Figure 1), and therefore has good proximity to existing highways, port facilities, grid power, a skilled work force, and supply chain and services sector. The Project is also set to benefit from State infrastructure development, in particular the planned West Susitna Access Road. Located on State land, potential future mine permitting at Whistler should benefit from the State's robust permitting framework. Geopolitical hedge: U.S. domiciled projects like Whistler help reduce dependence on tariffed imports from high-risk jurisdictions. Whistler is also set to benefit from strong policy tailwinds including a supportive climate of State and Federal policies respecting responsible resource extraction in Alaska (see news releases dated January 27, 2025, and March 24, 2025). The Project, located just 100 miles from the main population center of Anchorage, in Alaska, (see Figure 1), is estimated to contain mineral resources of over 1 billion pounds (" Blbs") of copper, in addition to 3.93 million ounces (" Moz") gold and almost 19 Moz silver in the Indicated category (see Table 1), in addition to 0.3 Blbs copper, 3.31 Moz gold and 11.5 Moz silver in the Inferred category 1. Table 1: Mineral Resource Estimate for the Total Project (Effective date: September 12, 2024): Notes to Table 1: Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the mineral resources will be converted into mineral reserves. Inferred mineral resources are subject to uncertainty as to their existence and as to their economic and legal feasibility. The level of geological uncertainty associated with an inferred mineral resource is too high to apply relevant technical and economic factors likely to influence the prospects of economic extraction in a manner useful for evaluation of economic viability. The mineral resource estimate for the Whistler, Island Mountain, and the upper portions of the Raintree West deposits have been confined by an open pit with "reasonable prospects of economic extraction" using the following assumptions: • Metal prices of US$1,850/oz gold (Au), US$4.00/lb copper (Cu) and US$23/oz silver (Ag); • Payable metal of 95% payable for Au and Ag, and 96.5% payable for Cu; • Refining costs for g of US$8.00/oz, for Ag of US$0.60/oz and for Cu of US$0.05/lb; • Offsite costs for Au of US$77.50/wmt, for Ag of US$3.50/wmt and for Cu of US$55.00/wmt; • Royalty of 3% net smelter return royalty (NSR); • Pit slopes are 50 degrees; • Mining cost of US$2.25/t for waste and mineralized material; and • Processing, general and administrative costs of US$7.90/t. The lower portion of the Raintree West deposit has been constrained by a mineable shape with "reasonable prospects of eventual economic extraction" using a US$25.00/t cut-off. Metallurgical recoveries are: 70% for Au, 83% for Cu, and 65% Ag for Ag grades below 10g/t. The Ag recovery is 0% for values above 10g/t for all deposits. The NSR equations are: below 10g/t Ag: NSR (US$/t)=(100%-3%)*((Au*70%*US$54.646/t) + (Cu*83%*US$3.702*2204.62 + Ag*65%*US$0.664)), and above 10g/t Ag: NSR (US$/t)=(100%-3%)*((Au*70%*US$56.646g/t) + (Cu*83%*US$3.702*2204.62)). The Au Equivalent equations are: below 10g/t Ag: AuEq=Au + Cu*1.771 +0.0113Ag, and above 10g/t Ag: AuEq=Au + Cu*1.771. The specific gravity for each deposit and domain ranges from 2.76 to 2.91 for Island Mountain, 2.60 to 2.72 for Whistler with an average value of 2.80 for Raintree West. Numbers may not add due to rounding. 1 For further information regarding the Project and the mineral resource estimates referenced herein, refer to the technical report summary titled "S-K 1300 Technical Report Summary Initial Assessment for the Whistler Project, South Central Alaska" with an effective date of September 12, 2024, and the technical report titled "NI 43-101 2024 Updated Mineral Resource Estimate for the Whistler Project, South Central Alaska" with an effective date of September 12, 2024, available under the Company's respective profiles at and Technical Information Tim Smith, Chief Executive Officer of U.S. GoldMining, has supervised the preparation of this news release and has reviewed and approved the scientific and technical information contained herein. Mr. Smith is a "qualified person" as defined in Canadian National Instrument 43-101 – Standards of Disclosure for Mineral Projects. About U.S. GoldMining Inc. U.S. GoldMining Inc. is an exploration and development company focused on advancing the 100% owned Whistler Gold-Copper Project, located 105 miles (170 kilometers) northwest of Anchorage, Alaska, U.S.A. The Whistler Project consists of several gold-copper porphyry deposits and exploration targets within a large regional land package entirely on State of Alaska mining claims totaling approximately 53,700 acres (217.5 square kilometers). The Whistler Project Mineral Resource Estimate comprises 294 Mt at 0.68 g/t AuEq for 6.48 Moz AuEq Indicated, plus 198 Mt at 0.65 g/t AuEq for 4.16 Moz AuEq Inferred. Visit for more information, including high resolution figures. Forward-Looking Statements Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" within the meaning of the United States federal securities laws and "forward-looking information" within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). Such statements include statements with regard to the Company's expectations regarding the Project, potential exploration targets, future work programs, the outlook or copper markets, and the Project's exploration potential. Words such as "expects", "anticipates", "plans", estimates" and "intends" or similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on U.S. GoldMining's current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict and involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the actual results of future exploration may not confirm expectations, variations in the underlying assumptions associated with the estimation or realization of mineral resources, the availability of capital to fund programs, accidents, labor disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals or permits, title disputes other risks inherent in the exploration and development of mineral properties and the other risk factors set forth in the Company's filings with the U.S. Securities and Exchange Commission at. and Canadian Securities Administrators at Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release. Forward-looking statements contained in this news release are made as of this date, and U.S. GoldMining does not undertake any duty to update such information except as required under applicable law.
Cision Canada
16-06-2025
- Business
- Cision Canada
U.S. GoldMining Highlights Exploration Potential at the Muddy Creek Mineral System, Including Historic High Grade Rock Grab Samples up to 111.50 g/t Au, Whistler Gold-Copper Project, Alaska
ANCHORAGE, Alaska, June 16, 2025 /CNW/ - U.S. GoldMining Inc. (NASDAQ: USGO) (" U.S. GoldMining" or the " Company") is pleased to provide further details regarding high priority exploration targets located at the Muddy Creek area of its 100% owned Whistler Gold-Copper Project (the " Whistler Project" or the " Project") in Alaska, U.S.A. The evaluation of exploration targets on the Project is running concurrently with the previously announced initial assessment under U.S. Regulation S-K 1300 (" S-K 1300") and a preliminary economic assessment (" PEA") under Canadian National Instrument 43-101 (" NI 43-101"), which the Company continues to advance. Highlights: The Muddy Creek mineral system comprises a large gold surface geochemical footprint over an area of approximately 6 km x 4 km, with an intrusion-related gold geochemical signature. It is located approximately 10 miles southwest of the Whistler deposit and 5 miles northwest of the Island Mountain deposit. Historic exploration work completed by previous explorers included reconnaissance rock grab sampling and soil sampling, magnetic geophysical surveying and a small drilling program which tested the margins of the system and confirmed broad low grade gold mineralization. Reconnaissance historic rock chip sampling has returned 73 samples which assayed >1 gram per tonne gold (" g/t Au"), including 20 samples which assayed >10 g/t Au, and peak values of 111.50 g/t Au in the 'Upper Phoenix Creek' zone, 69.13 g/t Au in the 'Bonanza' zone and 56.6 g/t Au in the central 'Muddy Creek' zone. The average gold value of 285 historic rock samples collected over the Muddy Creek area is 3.03 g/t Au, attesting to the strong gold endowment of this large system. Broadly spaced reconnaissance soil sampling traverses returned 104 samples which assayed >0.10 g/t Au (approximately 10 x background gold values), 56 samples returned >0.50 g/t Au and 14 samples >2.0 g/t Au. Peak gold-in soil values in the central 'Muddy Creek' zone include 5.29 g/t Au, and at 'Discovery Creek' zone up to 2.43 g/t Au. Historic drilling targeted the fringes of the mineral system, returning encouraging results and confirming an intrusion related gold system exists at Muddy Creek. However, the highest tenor parts of the system have not been drilled to date. Tim Smith, Chief Executive Officer of U.S. GoldMining, commented: "In parallel with the Company's recently commenced PEA focused on the existing Whistler Project mineral resources, our technical team has continued to evolve its geological knowledge across the broader Project, and we're excited to have identified significant exploration potential across three large mineral systems identified to date. The numerous historic high grade rock and soil samples collected to date on the Muddy Creek target warrant further systematic exploration, including drilling. The Company is currently planning to develop phased exploration programs to test the highest ranking targets, including at Muddy Creek, which could potentially commence this summer field season. We're excited about this further development in the potential growth of the emerging 'West Susitna Mineral District', located just 100 miles west of Anchorage, Alaska, and the potential to discover additional gold ± copper ± silver mineralization across the 100% owned Whistler Project." Muddy Creek Mineral System Exploration Targets The Company's geological analysis of the Whistler Project over the first two highly successful 2023 and 2024 field seasons focused primarily on the Whistler deposit and to a lesser extent on the Whistler Orbit target area. Geologists briefly visited the Muddy Creek target area (see Figure 1), located 10 miles southwest of the Whistler deposit, during the 2024 field season to confirm mineralization style and tenor at two locations: the 'Arsenoknob' showing and the 'Contact Zone'. Muddy Creek is hosted within a monzonitic intrusive complex, part of the Estelle Suite of intrusions that were emplaced in the late Cretaceous (~65 million years ago). Gold mineralization is of the "Intrusion-Related Gold" class of gold deposits and occurs within narrow sheeted quartz veins that contain minor arsenopyrite, pyrrhotite, pyrite and trace chalcopyrite. Exploration for intrusion related gold deposits generally is focused on areas where the vein/fracture density is highest. Surface sampling to date, comprising rock grab sampling and broad-spaced contour-parallel and ridge-line soil sampling, confirms that the best grades in the monzonite are associated with the highest observed density of veins along the strike extent of a northwest-striking structural corridor, the Discovery Creek to Bonanza zone (see Figure 2). The average gold value of 285 rocks collected over the Muddy Creek area is 3.03 g/t Au, with a maximum value of 111.50 g/t Au, attesting to the strong gold endowment of this large system. Many of the rock samples collected are of narrow mineralized structures that occur throughout the prospect area, and while they are not representative of the potential bulk grade of the mineral system, their widespread distribution and high tenor broadly confirms a large area of potential bedrock mineralization. Two principal trends have emerged so far from the surface geochemical data collection, each requiring further detailed mapping and sampling and remaining open along strike (see Figure 2). The Discovery Creek to Bonanza Zone, which trends NW-SE over at least 5 km of strike length, is mapped in monzogranite within the Mt Estelle pluton, with gold associated with sheeted quartz veins typical of a classic intrusion related gold system. The Contact Zone can be traced over at least 4 km, interpreted as a hornfelsed carapace to the Mt Estelle Intrusion. D etailed geological mapping and additional surface geochemical sampling is required to define the geometry of the intrusive phases and, in particular, to identify the upper zones (or 'carapace') of the host pluton, which is a typical position for the highest vein density and highest grading mineralization in intrusion related mineral systems. In 2011, Kiska Metals Corporation conducted 955 metres of exploration drilling at Muddy Creek, the only holes drilled on this portion of the Project, located on the edges of the Discovery Creek to Bonanza higher-density vein/fracture zone. Two diamond core holes drilled near the Arsenoknob showing returned broad intercepts of low grade mineralization indicative of an intrusion related system, including: 0.43 g/t Au over 38.8 m from 262 m depth in hole MC11-001, and 0.41 g/t Au over 45.0 m from 159 m depth and 0.44 g/t Au over 44.2 m from 297 m depth in hole MC11-002. The historic drill intercepts provide encouragement that higher grade mineralization could be discovered elsewhere within the broader Muddy Creek mineral system if zones of higher density veining can be identified. Drill hole MC11-003 near the 'Bonanza Zone' was abandoned prior to reaching target depth. The highest tenor parts of the Muddy Creek system have not been drilled to date, including the Upper Phoenix Creek zone with rock samples up to 111.50 g/t Au, the 'Bonanza' zone with rock samples up to 69.13 g/t Au, and the central portion of the Muddy Creek zone north of Arsenoknob which contains rocks samples to 56.6 g/t Au and soil samples peaking at 3.65 g/t Au. The Company is planning to undertake future systematic follow-up exploration at Muddy Creek. Start dates for exploration have not been determined yet. Data Verification For further information regarding the Project and the mineral resource estimates referenced herein, refer to the technical report summary titled "S-K 1300 Technical Report Summary Initial Assessment for the Whistler Project, South Central Alaska" with an effective date of September 12, 2024, and the technical report titled "NI 43-101 2024 Updated Mineral Resource Estimate for the Whistler Project, South Central Alaska" with an effective date of September 12, 2024, available under the Company's respective profiles at and Rock samples referenced herein consisted of approximately one kilogram of rock collected over a small area surrounding each sampling site collected with a rock hammer. The sampling location was located using a handheld GPS unit and marked in the field with a metallic tag. Descriptive information about the geology of the sample was recorded and aggregated into the project database. Soil samples were collected along traverses as part of multi-kilometre reconnaissance programs, generally at 100 meter spacing. Soil samples were collected from the surface soils (generally the B-horizon) by extracting approximately one kilogram of soil, usually with a hand auger. Each sampling site is located using a GPS unit. Descriptive information such as sample depth and physical attributes were recorded and aggregated into the project database. Typically, field duplicates were collected at a rate of one in every twenty samples. Historic rock and soil samples were predominantly submitted to Alaska Assay Laboratories for preparation. Pulps were then submitted to ALS-Chemex by the preparation laboratory for assaying. Gold was assayed by fire assay and atomic absorption finish (Au-AA23) on thirty gram sub-samples and for a suite of 33 elements (including copper and silver) by either aqua regia digestion or 3- or 4-acid digest, followed by ICP-AES (method code ME-ICP41) on 0.5 gram sub-samples. Elements exceeding concentration limits of ICP-AES were re-assayed by single element aqua regia digestion and atomic absorption spectrometry (method code element-AA46). The Company's 2024 sampling utilized Bureau Veritas for sample preparation at their lab in Fairbanks, Alaska, and analysis at their laboratory in Vancouver, BC. The analysis utilized FA430 fire assay method using 30 grams of material for gold, and MA200 multi-acid digestion with an ICP-ES/MS analysis on 0.25 gram sample for base metals. Technical Information Tim Smith, Chief Executive Officer of U.S. GoldMining, has supervised the preparation of this news release and has reviewed and approved the scientific and technical information contained herein. Mr. Smith is a "qualified person" as defined in Canadian National Instrument 43-101 – Standards of Disclosure for Mineral Projects. About U.S. GoldMining Inc. U.S. GoldMining Inc. is an exploration and development company focused on advancing the 100% owned Whistler Gold-Copper Project, located 105 miles (170 kilometers) northwest of Anchorage, Alaska, U.S.A. The Whistler Project consists of several gold-copper porphyry deposits and exploration targets within a large regional land package entirely on State of Alaska mining claims totaling approximately 53,700 acres (217.5 square kilometers). The Whistler Project Mineral Resource Estimate comprises 294 Mt at 0.68 g/t AuEq for 6.48 Moz AuEq Indicated, plus 198 Mt at 0.65 g/t AuEq for 4.16 Moz AuEq Inferred. Visit for more information, including high resolution figures. Forward-Looking Statements Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" within the meaning of the United States federal securities laws and "forward-looking information" within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). Such statements include statements with regard to the Company's expectations regarding the Project, potential exploration targets, future work programs and the Project's exploration potential. Words such as "expects", "anticipates", "plans", estimates" and "intends" or similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on U.S. GoldMining's current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict and involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the actual results of future exploration may not confirm expectations, variations in the underlying assumptions associated with the estimation or realization of mineral resources, the availability of capital to fund programs, accidents, labor disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals or permits, title disputes other risks inherent in the exploration and development of mineral properties and the other risk factors set forth in the Company's filings with the U.S. Securities and Exchange Commission at. and Canadian Securities Administrators at Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release. Forward-looking statements contained in this news release are made as of this date, and U.S. GoldMining does not undertake any duty to update such information except as required under applicable law.
Cision Canada
09-06-2025
- Business
- Cision Canada
U.S. GoldMining Inc. Selects Ausenco to Deliver Initial Economic Assessment At Whistler Gold-Copper Project, Alaska
, June 9, 2025 /CNW/ - U.S. GoldMining Inc. (NASDAQ: USGO) (" U.S. GoldMining" or the " Company") is pleased to announce it has selected Ausenco Engineering Canada ULC (" Ausenco") as the principal consulting firm to lead its proposed initial assessment study (" PEA") for the Whistler Gold-Copper Project (" Whistler" or the " Project"), located 105 miles northwest of Anchorage, Alaska. The study, as previously announced April 15, 2025, is intended to constitute an initial assessment under U.S. Regulation S-K 1300 (" S-K 1300") and a preliminary economic assessment under Canadian National Instrument 43-101 (" NI 43-101"). Highlights: The PEA is intended to explore and outline a development opportunity at the Whistler Project for a stand-alone open pit mine and concentrator facility located approximately 100 miles northwest of Anchorage in south-central Alaska, a region which has significant existing and ongoing infrastructure development. The PEA will consider the Whistler mineral resource estimate which currently stands at 6.48 million ounces (Moz) gold equivalent (AuEq) compiled from the indicated resource category and 4.16 Moz AuEq in the inferred resource category (see Table 1 for details). The Project is anticipated to benefit from the deposit's near-surface, higher-grade core material in the early years of production. The PEA will utilize an updated mineral resource estimate to be completed by Moose Mountain Technical Services, which will include 2024 drilling that was not available for the previous mineral resource estimate. In addition, metallurgical test work is currently being conducted by Base Metallurgical Laboratories Ltd., as previously announced on April 24, 2025. The Company completed a comprehensive bidding process, receiving initial expressions of interest from 13 consulting firms, followed by a rigorous Request for Proposal (" RFP") review of six shortlisted candidate firms. Ausenco was selected from this process on the strength of its experience across all disciplines and its track record in recent delivery of comparable studies. Tim Smith, Chief Executive Officer of U.S. GoldMining, commented:"We're delighted to be able to announce that we have partnered with Ausenco on this important work program. We're excited to begin working towards delivering the first PEA on Whistler, which we believe could present a robust future mining opportunity and has the potential to unlock significant value for shareholders. We look forward to providing periodic updates as the study progresses, for which we are currently targeting completion before year-end." David Thomas, Vice President, Minerals & Metals, Southwest USA of Ausenco, commented:"Ausenco is pleased to partner with U.S. GoldMining on the Whistler Gold-Copper Project PEA. We've successfully completed studies for clients around the world, including initial concept studies, pre-feasibility studies and definitive studies. As a lifelong Alaskan who lived many years in the Matanuska-Susitna (Mat-Su) Borough – where the Whistler Project is located - I'm delighted to add to the direct Alaskan experience of the team and help deliver U.S. GoldMining a robust, sustainable mining study." About U.S. GoldMining Inc. U.S. GoldMining Inc. is an exploration and development company focused on advancing the 100% owned Whistler Gold-Copper Project, located 105 miles (170 kilometers) northwest of Anchorage, Alaska, U.S.A. The Whistler Project consists of several gold-copper porphyry deposits and exploration targets within a large regional land package entirely on State of Alaska Mining claims totaling approximately 53,700 acres (217.5 square kilometers). Visit for more information. About Ausenco Ausenco is a global company redefining what's possible. The team is based out of 21 offices working across five continents to deliver services worldwide. Combining deep technical expertise with a 30-year track record, Ausenco delivers innovative, value-add consulting, studies, project delivery, asset operations and maintenance solutions to the minerals and metals and industrial sectors ( Table 1 Mineral Resource Estimate for the Total Project (Effective date: September 12, 2024) Notes to Table 1: 1. Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the mineral resources will be converted into mineral reserves. 2. Inferred mineral resources are subject to uncertainty as to their existence and as to their economic and legal feasibility. The level of geological uncertainty associated with an inferred mineral resource is too high to apply relevant technical and economic factors likely to influence the prospects of economic extraction in a manner useful for evaluation of economic viability. 3. The mineral resource estimate for the Whistler, Island Mountain, and the upper portions of the Raintree West deposits have been confined by an open pit with "reasonable prospects of economic extraction" using the following assumptions: Metal prices of US$1,850/oz gold (Au), US$4.00/lb copper (Cu) and US$23/oz silver (Ag); Payable metal of 95% payable for Au and Ag, and 96.5% payable for Cu; Refining costs for g of US$8.00/oz, for Ag of US$0.60/oz and for Cu of US$0.05/lb; Offsite costs for Au of US$77.50/wmt, for Ag of US$3.50/wmt and for Cu of US$55.00/wmt; Royalty of 3% net smelter return royalty (NSR); Pit slopes are 50 degrees; Mining cost of US$2.25/t for waste and mineralized material; and Processing, general and administrative costs of US$7.90/t. 4. The lower portion of the Raintree West deposit has been constrained by a mineable shape with "reasonable prospects of eventual economic extraction" using a US$25.00/t cut-off. 5. Metallurgical recoveries are: 70% for Au, 83% for Cu, and 65% Ag for Ag grades below 10g/t. The Ag recovery is 0% for values above 10g/t for all deposits. 6. The NSR equations are: below 10g/t Ag: NSR (US$/t)=(100%-3%)*((Au*70%*US$54.646/t) + (Cu*83%*US$3.702*2204.62 + Ag*65%*US$0.664)), and above 10g/t Ag: NSR (US$/t)=(100%-3%)*((Au*70%*US$56.646g/t) + (Cu*83%*US$3.702*2204.62)). 7. The Au Equivalent equations are: below 10g/t Ag: AuEq=Au + Cu*1.771 +0.0113Ag, and above 10g/t Ag: AuEq=Au + Cu*1.771. 8. The specific gravity for each deposit and domain ranges from 2.76 to 2.91 for Island Mountain, 2.60 to 2.72 for Whistler with an average value of 2.80 for Raintree West. 9. Numbers may not add due to rounding. For further information regarding the Project and the mineral resource estimates referenced herein, refer to the technical report summary titled "S-K 1300 Technical Report Summary Initial Assessment for the Whistler Project, South Central Alaska" with an effective date of September 12, 2024, and the technical report titled "NI 43-101 2024 Updated Mineral Resource Estimate for the Whistler Project, South Central Alaska" with an effective date of September 12, 2024, available under the Company's respective profiles at and Tim Smith, Chief Executive Officer of the Company, has supervised the preparation of this news release and has reviewed and approved the scientific and technical information contained herein. Mr. Smith is a "qualified person" as defined under NI 43-101. Forward-Looking Statements Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" within the meaning of the United States federal securities laws and "forward-looking information" within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). Such statements include statements with regard to the Company's expectations regarding the Project and the proposed PEA. Words such as "expects", "anticipates", "plans", estimates" and "intends" or similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on U.S. GoldMining's current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict and involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the actual results of future exploration may not confirm expectations, variations in the underlying assumptions associated with the estimation or realization of mineral resources, the availability of capital to fund programs, accidents, labor disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals or permits, title disputes other risks inherent in the exploration and development of mineral properties and the other risk factors set forth in the Company's filings with the U.S. Securities and Exchange Commission at. and Canadian Securities Administrators at Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release. Forward-looking statements contained in this news release are made as of this date, and U.S. GoldMining does not undertake any duty to update such information except as required under applicable law.
