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News Update


Precious Metals Explorer Identifies Two High Priority Gold Targets at Quebec Property
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UrbanGold Minerals plans to expand drilling at its Pallador Main project located in Troilus-Frotet, Quebec, after it identified two new high priority gold soil targets.

Ottawa-based precious metals exploration company UrbanGold Minerals Inc. (UGM:TSX.V) announced in a news release, that "it has received a detailed interpretation report of the soil B-horizon sampling completed earlier in the summer in the northwest portion of its 100%-owned Pallador property in the Troilus-Frotet area, Quebec."

The firm advised that the data from the 659-sample survey identified several anomalous gold targets. These survey results reportedly include two high priority gold targets that are situated to the south and are proximal to drilling operations completed recently by Kenorland Minerals where numerous other gold intersections were discovered.

UrbanGold pointed out that as it stated in a news release earlier this month, "the soil B-horizon program was completed over the area due to the near absence of outcropping bedrock and the presence of numerous gold bearing boulders of up to 102 g/t Au." The firm indicated that Remi Charbonneau Ph.D., of Consultant Islandis provided an analysis and interpretation of the results.

The company noted that Dr. Charbonneau's review of the surveys has been instrumental in locating up to seven areas of interest from the soil sample results, of which two of the areas have been earmarked as high priority targets. These two areas are located about 600 meters south of recent Kenorland Minerals drill results. The firm indicated that the multi-element study data, which additionally included anomalous silver values, suggests a local source that will need to be confirmed by further drilling.

UrbanGold advised that its drill program is now scheduled to resume on several portions of the property this fall. The plans call for drilling on the soil targets in an area where no historical drilling has been recorded except for the recent Kenorland holes to the immediate north.

The company stated that it will provide additional details on the upcoming drill program on this portion of the property after surface work is completed later this month.


1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
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5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of UrbanGold Minerals, a company mentioned in this article.

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