Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe

News Update


Explorer Concludes IP Survey and Selects Drill Targets at Quebec Gold Property
News Update

Share on Stocktwits


UrbanGold Minerals reported it completed an induced polarization survey and has outlined drill targets at its Pallador project located in the Troilus-Frotet gold belt in Quebec.

In a news release, UrbanGold Minerals Inc. (UGM:TSX.V) announced that "it has received a detailed interpretation of the induced polarization (IP) survey it recently completed on a portion of its 100%-owned Pallador property in the Troilus-Frotet area, Quebec."

The firm explained that "the IP survey was completed in the Regnault area, and along strike with and 400 meters south of Kenorland Minerals Ltd. drilling that has initially outlined their recent discovery."

UrbanGold advised, "The high-definition IP anomalies strongly correlate with the geochemical anomalies identified last month, and also with the locations of several gold- bearing boulders discovered by UrbanGold geologists that exhibit values up to 102 g/t Au." The company stated that the additional data collected has been instrumental in allowing its exploration team to identify and select drill targets and that those permits have already been obtained.

The company's President and CEO Mathieu Stephens stated, "The Kenorland discovery is a game changer for the area and we are right next door to it. More importantly, however, the UrbanGold claims are on strike to what appears to be a 2-kilometre-long gold system. In the 3 months that have passed since the Regnault discovery was announced, UrbanGold's exploration team has been able to locate numerous gold-bearing boulders and recognize priority soil anomalies that coincide with the recently identified IP chargeability targets. The next step in the exploration process is to drill these targets, some of which are located 400 meters from the Kenorland drilling."

UrbanGold reported that it is already engaged in the process of mapping out its maiden drill program. The firm pointed out that the target locations have been identified and are readily accessible by an existing dirt road on the property and that road in turn is located only two kilometers from Route-du-Nord, an all-weather road.


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.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: UrbanGold Minerals. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
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.

Want to read more about Gold investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe