Uragold Bay Resources Inc. (TSX VENTURE:UBR), has announced it has completed the acquisition of 100% interest in 17 claims by map staking the Windsor Property.
It holds a 7 km long auriferous anomaly suggesting the possible presence of a sediment-hosted gold deposit.
The Windsor Property is located in the Quebec Appalachians 20 km north of the city of Sherbrooke, in the Eastern Townships region of the Province of Quebec. Adjacent to the south and east of the Windsor Property is BOWMORE Exploration Ltd. (BOW: TSX-V) St-Victor Property, on which they have recently discovered broad gold anomalies. Bowmore has strategic alliance with Osisko Mining Corporation Ltd. (OSK: TSX) for the exploration of grassroots exploration projects.
The lithology is similar to the Bowmore property consisting of a sedimentary package dominated by semi-massive sulphides, claystone and mudstones of the Magog Group and of the St-Daniel mélange.
The Windsor property holds two gold anomalies discovered in 1993, cataloged by Quebec Ministry of Natural Resources (MRNF) as the Windsor 2 and Windsor 3 showings. The mineralized bodies are aligned in a southwest to northeastern direction. Gold mineralization is associated with pyritic nodules and bedding with veins of quartz-carbonate in sedimentary rocks. The Windsor 3 showing reported a rock sample (RB-92-51) of up to 2.2 grams per ton of gold.
Mr Vivian Stuart-Williams, (SACNASP), a Director of the Company and a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the information in this news release.
Patrick Levasseur, president and COO of Uragold stated. "Past and current exploration work reveals the possibility of discovering sediment-hosted gold deposits or Carlin type deposits within the Quebec Appalachians."
Source: Uragold Bay Resources Inc.