Some geologists believe that the Cortez Trend could be bigger than the famed Carlin Trend. U.S. Gold has a project that sits about 10 miles south of Barrick’s mammoth Cortex Hills gold mine. I’ve spent about five hours with the CEO and co-founder – in person and on the phone – and over two hours in person with the head geologist understanding why USAU’s Keystone Project has potential to be the next big gold discovery in Nevada.
I published a report on Seeking Alpha that reflects specifically the wealth of information I learned about Keystone from Dave Mathewson, who is considered one of the leading experts on Nevada’s geology:
For Mathewson, the key to starting the hunt for a deposit is to find areas with the “right host rocks.” With Keystone, it has “rocks, system and geological characteristics – nothing is missing.” The “scout holes” drilled by the Company were used to identify the “stratigraphy,” which shows the geological layering of the rock formation and can help identify gold-bearing formations. According to Mathewson, the stratigraphy of Keystone looks almost exactly like Barrick’s Cortez Hills property stratigraphy – but even better.
You can read the rest of this report from Seeking Alpha here: US Gold – Home Run Potential
I first presented U.S. Gold to my Mining Stock Journal subscribers in mid-November at $1.45. It has traded as high as $3 since then. The latest pullback in price is a great entry point. The Mining Stock Journal has had several home run stocks since it’s inception. You can learn more about this newsletter here: Mining Stock Journal information.