U.S. GOLD CORP.

Table 13.6: Variable Usage Equipment

Table 13.7: Annual Schedule of Variable Usage Equipment

Haul truck productivity is variable and is based on a haulage model that calculates cycle times based on the location of the material mined and the destination. Cycle times and the mine schedule are used to estimate the truck hours needed to meet the schedule. The annual available hours are based on the distance and the average speed for the haulage segment, with allowances for loading, dumping, and waiting. For excavators and wheel loaders the estimated productivity is based on the calculated loading times to position and fill the selected haul trucks. Dozer productivity is based on manufacturer nomographs. Blasthole drill productivity is based on average penetration rates and blast spacing to break the scheduled rock per the detailed fragmentation provided by a blasting manufacturer. Other minor and support equipment does not have a calculated productivity, but a fixed annual usage is assigned based on similar surface mining operations. Table 13.8 shows the fleet size and scheduled hours for the fixed usage equipment.

Table 13.8: Fixed Usage Equipment

Hourly mine personnel requirements for equipment operators and mechanical labor are based on the annual equipment hourly usage. Salaried based employees are specified at typical staffing levels. All hourly mine employees and supervision of all mine employees are by the mine owner. The owner also provides Site General and Administrative (Site G&A) labor, mine planning and engineering, and environmental compliance. Table 13.9 shows the total project employment over the life of the Project and subsequent tables provide mine employment (Table 13.10), tailings disposal employment (Table 13.11) and site G&A employment (Table 13.12).

Table 13.9 Mine Employment

Table 13.10 Mine Employment Detailed Breakdown

Table 13.11 Tailings Disposal Employment

Table 13.12 Mine G&A Employment

End of year topographic maps showing the excavation progression are shown in Figure 13.8 to Figure 13.16.

Figure 13.8: Mine Progression – End of Year 1

Figure 13.9: Mine Progression – End of Year 2

Figure 13.10: Mine Progression – End of Year 3

Figure 13.11: Mine Progression – End of Year 4

Figure 13.12: Mine Progression – End of Year 5

Figure 13.13: Mine Progression – End of Year 6

Figure 13.14: Mine Progression – End of Year 7

Figure 13.15: Mine Progression – End of Year 8

Figure 13.16: Mine Progression – End of Year 9