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TICKERS: UGM

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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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
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