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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