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(NASDAQ: USGO) has completed 11 diamond core drill holes for over 5,000 meters across eight targets at its Whistler Gold-Copper Project in Alaska, and on August 24 brought four members of Congress to the site.
Initial assay results from that campaign remain pending.
The case for USGO rests on a preliminary economic assessment published March 2, 2026, which modeled an after-tax net present value of $2.0 billion at a 5% discount rate, a 33% internal rate of return, and an estimated initial payback of 2.1 years at base case prices.
That PEA drew only from indicated mineral resources at the main Whistler deposit.
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