Exhibit 99.2
January 20, 2012
Dear US Gold Shareholders,
US Gold personnel are now working at full capacity and construction continues to remain on schedule for Phase 1 production.
Highlights include:
· Pre-stripping continues at Samanegio open pit
· Earthwork for new crushing plant continues
· Heap leach pad expansion now underway
· Haul road construction to Sargrado Corazon deposit is complete
To view the El Gallo Development Photo Update, please click here.
For further information contact: | |
| |
Jenya Meshcheryakova | Mailing Address |
Investor Relations | 181 Bay Street Suite 4750 |
Tel: (647) 258-0395 ext 410 | Toronto ON M5J 2T3 |
Toll Free: (866) 441-0690 | E-mail: info@usgold.com |
Fax: (647) 258-0408 | |
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| UXG El Gallo Complex Development Photo Update January 20, 2012 |
| Pre-stripping (background) and backfilling (foreground). 2 |
| Pre-stripping (background) and backfilling (foreground). 3 |
| New Atlas Copco production drill. 4 |
| 5 New Atlas Copco production drill. |
| 6 Pre-stripping in Samanegio open pit. |
| 7 Site being prepared for new 3,000 tonne per day crushing plant. |
| 8 Site being prepared for heap leach pad expansion. |
| Haul road to the Sagrado Corazon deposit completed. 9 |
| 10 Haul road to the Sagrado Corazon deposit completed. |
| 11 Painting existing buildings. |
| 12 Painting of maintenance shop completed. |
| Bridge construction along the haul road between the El Gallo and Palmarito deposits. 13 |
| Bridge construction along the haul road between the El Gallo and Palmarito deposits. 14 |
| UXG For further information please contact: Jenya Meshcheryakova Investor Relations Tel: (647) 258- -0395 Toll Free: (866) 441- -0690 Fax: (647) 258- -0408 Email: info@usgold.com |
