UrbanGold Minerals Inc.: UrbanGold Confirms Recent Regnault Discovery, Intersecting Gold in Three New Drill Holes
UrbanGold" or the "
Company") is pleased to report the remaining assay results from its 10-hole drill program totalling 2,456 metres on its 100% owned 26,585-hectare Pallador Property (the "
Property") in the Regnault area of the Troilus-Frotet region.
The maiden drill program, executed in two phases, intersected gold in four holes, including visible gold within a quartz vein in hole UPR-21-09, located in the southeast part of the target area. Holes UPR-21-03, previously reported on February 24, 2021, and UPR-21-08, both intersected gold associated with highly magnetic diorites with carbonate alteration. In contrast, hole UPR-21-10 intersected gold within a magnetic low between the two mineralized magnetic highs. All holes drilled in the magnetic highs, including the important 900-metre-long magnetic feature, have intersected significant gold. Best results are shown in table 1 below and in the adjoined maps.