Bullboard - Stock Discussion Forum Urbangold Minerals Inc. V.UGM

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UrbanGold Minerals Inc is engaged in the evaluation, acquisition, and exploration of mineral properties in Canada. It holds 100% interest in Monaco Gold Property which comprises of 301 map-designated claims)covering an area of approximately 16,658 hectares (41,163 acres) located approximately 80 km south-southwest of the town of Chibougamau and approximately 65 km south-southeast of Chapais. It... see more

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TSXV:UGM - Post Discussion

Urbangold Minerals Inc. > UGM~~~~Important Info

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Post by IceColdBeer on Jan 15, 2021 9:46am

UGM~~~~Important Info

So, we should get those first 4 drill hole results in the next 2 to 3 weeks and hopefully will get this moving NORTH. Then about another 6 to 7 weeks total to get the follow-up drill hole results.

Any way you slice it, this share price will be significantly higher with some good holes. The fact they are drilling 400m away from Kenoraland's big hit and their shareprice..... we have a lot of reason to be optimistic. By mid March or there abouts, this could be a beautiful story folks.

GLTA

Urbangold drilled four holes totalling 1,095 metres before the holidays and resumed drilling this past Monday on priority targets located immediately south and on strike of the Kenorland Minerals Regnault discovery located farther north, which includes an intersection of 8.47 grams per tonne gold over 29 metres (see Kenorland's July 29, 2020, news release). The 2,500-metre initial drill program is expected to be completed within the next two weeks (see Urbangold's Nov. 16, 2020, news release for additional details).