(UGM.V) May 23, 2019 – UrbanGold Minerals Inc. has commenced field operations on its 100-percent-owned StarGold property in Quebec, where a large angular boulder reportedly analyzed 279 grams per tonne gold along with variable amounts of silver, copper and zinc in grab samples.
The field crew has arrived on the property to conduct surface exploration over the entire property, initially focusing on the strongest electromagnetic anomalies identified by the recently completed helicopter-borne survey. The use of ground instruments designed to detect sub-cropping magnetic and conductive bedrock and boulders will greatly facilitate exploration.
All conductive targets are efficiently accessible by road or waterways. The prospecting, trenching and sampling program is to be followed up by drilling positive results.
“We are excited to start field operations on this promising property and look forward to drilling,” said UrbanGold president and CEO Mathieu Stephens.
The 6,318-hectare property is located 200 kilometres northeast of the town of Val-d’Or, a gold mining hub and 68 kilometres south of the Windfall gold deposits. The property is easily accessible by a network of forestry roads and accommodation is available on the property.
The property acquisition is pending TSX Venture Exchange approval, and it is to be noted that grab samples are selective in nature and are not necessarily representative of the mineralization hosted on the property.
UrbanGold is incorporated under the federal laws of Canada and has its principal office in Ottawa, Ontario. The company is engaged in the evaluation, acquisition and exploration of mineral properties in Canada, and its current focus is Quebec. The company plans to ultimately develop the properties, bring them into production, option or lease the properties to third parties, or sell the properties outright. The company has not determined whether these properties contain mineral reserves that are economically recoverable, and the company is considered to be in the exploration stage.Disclaimer: ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment.