U.S. Gold Secures Powerline Contract to Advance CK Gold Project Construction Phase

Cashu

10 days ago

USAU

U.S. Gold

1.14%

U.S. Gold Corp. Takes Major Step Forward with CK Gold Project Powerline Contract

U.S. Gold Corp. has made significant progress in advancing its CK Gold Project in southeast Wyoming by securing a contract with Cheyenne Light, Fuel and Power (CLFP), a subsidiary of Black Hills Corp. This agreement signals the beginning of the construction phase for a powerline that will provide the essential 30 megawatts of energy required for the CK Gold Project. CLFP is set to initiate pre-construction planning, engineering, and procurement activities vital for establishing the power facilities, which are a critical component of the project's infrastructure.

Kevin Francis, Vice President of Exploration & Technical Services at U.S. Gold, highlights the importance of CLFP's engineering support and power solutions. He notes that these resources are instrumental in ensuring the success of the CK Gold Project. The upcoming engineering and procurement initiatives will encompass various essential tasks, including the creation of general arrangement drawings, substation designs, timeline and budget development, securing land rights, and obtaining environmental permits and regulatory approvals. Additionally, the procurement process will focus on acquiring materials that require extended lead times, underscoring the project's meticulous planning and execution.

The CK Gold Project represents a crucial element in U.S. Gold Corp.'s portfolio, which also includes other properties in Nevada and Idaho. The company has recently completed a Preliminary Feasibility Study for the CK Gold Project, outlining its potential and providing a roadmap for future developments. The announcement comes with a cautionary note regarding forward-looking statements, acknowledging that various factors could influence the project's anticipated advancements. This proactive approach reflects U.S. Gold's commitment to transparency and thoroughness in its project management and execution.

In addition to the powerline contract, U.S. Gold Corp. continues to focus on its exploration and development efforts in the gold and copper sectors. With the CK Gold Project as a cornerstone of its operations, the company is well-positioned to capitalize on the growing demand for these precious metals. For more information about U.S. Gold Corp. and its ongoing projects, interested parties can visit their official website. The successful establishment of energy infrastructure marks a pivotal milestone in the journey toward bringing the CK Gold Project to fruition.