Urbangold Minerals Inc. V.UGM

BIG NEWS- UrbanGold Commences Drilling at Pallador-Regnault

[IceColdBeer]

400 meters from the big hit at Kenorland....this is what we've been waiting for!!

2020-12-03 08:01 ET - News Release

Ottawa, Ontario--(Newsfile Corp. - December 3, 2020) - UrbanGold Minerals Inc. (TSXV: UGM)  ("UrbanGold" or the "Company") is pleased to report the start of its drill program today on the Regnault block located immediately south and on strike of the current extent of Kenorland Minerals Ltd. ("Kenorland") recent major gold discovery, which includes an intersection of 8.47 g/t Au over 29 metres, located further north (Kenorland July 29, 2020 news release).

The minimum 2,000-metre drill program is focusing on the northwest portion of the Regnault block that forms part of its 100%-owned Pallador property (the "Property") in the Frotet area. Several high-priority targets are being drilled, all located just south of the nearby Kenorland discovery. The targets include coincident chargeability and geochemical anomalies in soil consisting of gold and known pathfinder elements. No prior drilling is recorded on this portion of the Property. The drill program is planned to be completed before the holidays and all samples will immediately be sent to the lab.

[IceColdBeer]

Hard to believe no one is buying this stock, if they know anything about Kenorland and where they hit.

[bigdog37]

  No IR,  no results reported from last drilling program = no buying!  No rush to do anything , What  do you expect?   It's starting to be a real joke at how long everything takes with this company.  Why would you buy now when you could probably buy in Feb or Mar. and they still won't have results out from this program.     

[IceColdBeer]

Geesh bigdog.  I'm gunna tuck my tail and go back into my dog house :( We will have drill results in January and with where they are drilling it could be fantastic if they hit!  I've got time and will continue to accumulate at these levels, if guys are willing to sell it.  I don't think for a second. the gold doesn't continue on to their property and would bet

[bigdog37]

ICB    I don't mean to sound like a Debbie Downer, but it is absolutely painful to watch this stock.  They had a news release saying they were picking drill targets over a month ago and finally start drilling this week!   There is absolutely no way we get results from this program before the end of January.  We will be lucky to see results by the end of February

[IceColdBeer]

I'm just joking with you Big Dog and I understand the frustration, for sure. I was told the drilling would be completed and in the lab by Christmas and we would have results before the end of January.  If that is the correct time line, I think we can all live with that.  Have a great weekend my friend!