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News Update


Gold-Silver Company Provides Exploration Update on Troilus-Frotet Assets
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UrbanGold Minerals conducts drilling and geophysical surveys at its Pallador and Bullseye projects, respectively.

UrbanGold Minerals Inc. (UGM:TSX.V) summarized in a news release the exploration work done recently and underway at its Pallador and Bullseye properties in Quebec's Troilus-Frotet area.

At Pallador, since drilling began earlier this month on the Regnault block, four holes over 1,095 meters (1,095m) have been placed. The company is taking a break from drilling through the holidays, with plans to resume in January 2021.

Earlier this year, in summer/fall, UrbanGold drilled six holes over 1,608m in Pallador's Golden Road block. One highlight hole, UPR-20-01, returned 0.5m of 10.5 grams per ton (10.5 g/t) gold. The other, UPR-20-06, intersected a wide anomalous gold-silver zone of 21.2m of 0.15 g/t gold and 1.56 g/t silver.

At Bullseye, a 50/50 joint venture project with Argonaut Gold Inc. (AR:TSX), a 27.2-kilometer induced polarization (IP) survey and, more recently, a smaller three-dimensional IP survey, were done on the Cressida block. Results are pending.


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