U.S. Gold Corp’s (USAU) CK Gold Project Secures Power Supply to Support Operations

U.S. Gold Corp (NASDAQ:USAU) is one of the best American mining stocks to buy now. On August 27, the company announced that its subsidiary, Gold King Corp., had signed a contract with Cheyenne Light, Fuel, and Power, a subsidiary of Black Hills Corp.

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The agreement paves the way for the supply of power to the company’s CK Gold Project in southwest Wyoming. Consequently, plans are underway to construct a power line that will serve the mining project. Black Hills Corp. is to begin core construction, planning, engineering, and procurement activities for the supply of 30 MW of power to the project.

“CLFP has provided us with excellent engineering support and power solutions that will enhance the CK Gold Project,” said Kevin Francis, Vice President of Exploration & Technical Services at U.S. Gold Corp.

U.S. Gold Corp has already completed a Preliminary Feasibility Study at the CK Gold Project, an advanced-stage gold and copper project.

U.S. Gold Corp (NASDAQ:USAU) is a gold and precious metals exploration and development company that aims to advance mineral properties in the United States to potential production. The company’s primary assets include the CK Gold Project in Wyoming, the Keystone Project in Nevada, and the Challis Gold Project in Idaho.

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Disclosure: None. This article is originally published at Insider Monkey.