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TICKERS: UGM

Explorer Gears Up Drill Program at Quebec Gold Property
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UrbanGold Minerals reported it is commencing drilling at its Pallador-Regnault project located in the Troilus-Frotet gold belt in central Quebec.

In a news release, UrbanGold Minerals Inc. (UGM:TSX.V) announced that it kicked off its drill program operations today on the Regnault block of its Pallador property. The firm noted that the area is located immediately south and on strike of the current extent of Kenorland Minerals Ltd.'s recent major gold discovery. UrbanGold Minerals advised that earlier this year in July, Kenorland reported that at its property situated just north of Regnault, it successfully intersected 8.47 g/t Au over 29 meters.

The company stated that its drill program is scheduled to include a minimum of 2,000 meters of drilling which will be directed at the northwest area of the Regnault block, which is part of the company's wholly owned Pallador property.

The firm advised that it is concentrating drilling on several highly prospective targets situated just to the south of the nearby Kenorland discovery. UrbanGold Minerals noted that "these high priority targets include coincident chargeability and geochemical anomalies in soil consisting of gold and known pathfinder elements."

The company explained that there is no record of any prior drilling being performed on this section of the property. The firm indicated that it expects this work to be finished prior to the holidays and that all core samples will be promptly shipped to the lab for testing.

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Disclosure:
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.
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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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