US Gold: Encouraging Drill Results Continue from El Gallo & Surrounding Discoveries (UXG)

US GOLD CORPORATION

today provides an exploration update on the El Gallo Project and two nearby discoveries, Palmarito and Haciendita, all located in Sinaloa State, Mexico. A total of 15 drills are now operating at the project, with $30 million budgeted for exploration in Mexico during 2011-2012.