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UrbanGold Minerals Inc.
Summary
| Project: | Troilus | |
|---|---|---|
| Deposit: | Cressida | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/4/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-2-2020: UrbanGold Minerals Inc. announces an Exploration/Drilling Update report for its Cressida deposit at the Troilus project. Drilling results incl. 22.00m @ 1.02g/t Au from 73.80m. Ottawa, Ontario--(Newsfile Corp. - February 4, 2020) - UrbanGold Min | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mathieu Stephens (Internal) | |
| ABSTRACT: | Ottawa, Ontario--(Newsfile Corp. - February 4, 2020) - UrbanGold Minerals Inc. (TSXV: UGM) ("UrbanGold" or the "Company") is pleased to announce results from its maiden drill program at the Cressida block, Troilus property, located near Chibougamau, Quebec, 14 kilometres southwest and on strike with the past-producing Troilus mine and within two kilometres of an all-weather road. The Cressida block is part of an option agreement with Argonaut Gold Inc. The small drill program completed in December consisted of three holes totalling 369 metres that were designed to (1) confirm the location of a historical mineralized zone discovered prior to the discovery of the nearby Troilus Mine in the mid-1980s and (2) to test its potential strike length and down-dip extension. All three holes intersected the mineralized zone and the best results were returned from drill hole UTC-19-03 which intersected 22 metres at 1.02 g/t Au (Table 1). Hole UTC-19-02 was drilled 230 metres northeast of hole UTC-19-03 in an area where no prior drilling is recorded intersecting 0.49 g/t Au over 33.5 metres. Both holes UTC-19-01 and UTC-19-02 intersected an additional smaller intercept below the main zone returning anomalous amounts of Ag, Cu and Zn. The best gold assay intersections for each hole are shown in Table 1, below | |
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