U.S. GoldMining Shares Surge on Improved Gold Recovery at Alaska Project

US GoldMining's shares rose after improved gold recovery at its Alaska project. The company is focused on advancing the Whistler Gold-Copper Project, which consists of several gold-copper porphyry deposits and exploration targets within a large regional land package. The project has indicated resources of approximately 3 million gold equivalent ounces and inferred resources of 6.5 million gold equivalent ounces.

U.S. GoldMining Inc.'s shares rose significantly following the announcement of improved gold recovery at its Whistler Gold-Copper Project in Alaska. The company's latest metallurgical test work program has achieved gold recovery rates of up to 85.3%, a substantial increase from previous results Metallurgical Test Work Improves Gold Recovery to 85% ...^[1].

The Whistler Gold-Copper Project, located approximately 105 miles northwest of Anchorage, Alaska, is a significant gold-copper porphyry deposit. The project has indicated resources of approximately 3 million gold equivalent ounces and inferred resources of 6.5 million gold equivalent ounces Metallurgical Test Work Improves Gold Recovery to 85% ...^[1].

The metallurgical test work program, conducted by Base Metallurgical Laboratories Ltd., involved a combination of sulphide flotation and leaching techniques. This process resulted in gold recoveries of up to 85.3%, with copper and silver recoveries of 79.1% and 55.3%, respectively Metallurgical Test Work Improves Gold Recovery to 85% ...^[1].

The company's Chief Executive Officer, Tim Smith, expressed satisfaction with the results, noting that the combination of conventional flotation and a sequential leach process has significantly improved gold recovery compared to previous test work. The process flowsheet used in these tests employs proven and demonstrated technology to produce a marketable copper concentrate and gold doré through leaching Metallurgical Test Work Improves Gold Recovery to 85% ...^[1].

The metallurgical test work provides key inputs for the initial economic assessment (PEA) of the project. The company plans to continue optimizing the process and further studying the metal grade, mineralogy, and life-of-mine variability Metallurgical Test Work Improves Gold Recovery to 85% ...^[1].

U.S. GoldMining's stock performance reflects investor confidence in the project's potential. As the company continues to advance the Whistler Gold-Copper Project, investors will closely monitor the progress and future metallurgical test results.