UrbanGold Minerals Inc. (UGM:TSX.V) announced in a news release "results from the first four of ten core holes (totaling 1,095 m of 2,452 m) drilled on its 100% owned 26,585-hectare Pallador Property in the Regnault area of the Troilus-Frotet region."
The firm noted that this drilling was planned to target an area situated immediately to the south of Kenorland Minerals Ltd.'s (KLD:TSX.V) Regnault gold find that was announced in July 2020. The company stated that the assay data is still pending for the remaining six holes that it drilled in January 2021.
UrbanGold indicated that its drilling efforts were focused on identifying gold and known pathfinder elements in geochemical soil anomalies. The company stated that prior to now there has not been any drilling completed at this part of the property.
The firm advised the best results from the four holes were obtained from drill hole UPR-20-03. UrbanGold listed that in hole UPR-20-03 from a depth of 175.75m to 177.55m, it intersected 2.0 g/t Au over 1.8 m. The company noted that "mineralization was intersected within a dioritic intrusion and is associated with carbonate alteration."
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