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Uragold Bay Resources Reconnaissance Diamond Drilling Results from Beauce Placer Property

Uragold Bay Resources has obtained the results from the reconnaissance diamond drilling conducted at the Beauce Placer property in South Quebec during December 2011.

Discovery of a hard rock gold anomaly present in the bedrock is the main result of the drilling. This has strengthened working hypothesis of the company that recommends closeness to a bedrock gold source for the buried gold placers.

Laboratoire Expert carries out fire assay for gold analysis in selected samples along the hole RG11-01 and yielded anomalous values of gold from 10 to 75 ppb that were sparsely dispersed along the core length. This anomaly is present in the Beauceville formation’s sedimentary and pyritic volcanic units, along with minor carbonate quartz veining. Significant gold is not found in the three other holes located exterior to the placer gold channel.

Currently, the company is applying further sampling and splitting to intervening length in order to validate and outline this anomaly, situated immediately beneath the buried gold placer. An alteration envelope may be shown by this anomaly from adjacent gold mineralization that may require further drilling.

Uragold validated the occurrence of a buried orange-brown gold-bearing till, wherein recovered gold grain testing from sonic drilling has recommended closeness to a bedrock gold source.

Source: http://www.uragold.com/

Joel Scanlon

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Joel Scanlon

Joel emigrated to Australia in 1995 and worked for five years in the mining industry as an exploration geotechnician, using GIS mapping and CAD software. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm. After that, he ran a successful business providing web services to businesses along the eastern seaboard of Australia. During this time, he developed and launched News-Medical.Net. Joel has been working with AZoNetwork since the company was founded in 2000.

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