US Gold Corporation (US Gold) is engaged in the exploration for gold, other precious metals, and base metals. It holds an interest in numerous properties in the State of Nevada and one property in Utah, as well as properties in Mexico. It holds an interest in approximately 277 square miles in the United States, and approximately 1,544 square miles in Mexico. A majority of its Nevada properties, including its Tonkin and Gold Bar properties, are located along the Cortez Trend, in north central Nevada. It owns property, including its Limo property, on the Carlin Trend, which is located east of the Cortez Trend. Its properties in Mexico include the Magistral Mine and surrounding concessions that are located in the Sinaloa State. The Magistral Mine consists of approximately 38 square miles of mineral concessions, plant and equipment. It also holds an interest in approximately 1,506 square miles of mineral concessions in the western central Mexican states of Nayarit, Sinaloa and Durango.