whats it all about?MONTREAL, QUEBEC, Apr 18, 2011 (MARKETWIRE via COMTEX News Network) --Uragold Bay Resources Inc. (TSX VENTURE: UBR), is pleased to inform its shareholders that preliminary results of a sonic drill program points to a profound reinterpretation of the origin of the gold bearing deposit of the Beauce Placer Property located near the village of Saint-Simon-les-Mines in the Beauce region of southern Quebec.
As reported previously the preliminary treatment of a basal orange-brown diamict in hole G65-S04 identified visible grains of gold which confirms their auriferous nature. However, the presence of abundant clay along with other detailed sedimentologic characters imply a reinterpretation of the origin of this gold bearing unit as an older till partly developed from the incorporation of a preglacial saprolith (weathered bedrock). The shape of the recovered gold grains varied from glacially reworked to delicate "pristine" suggesting proximity to a bedrock source of gold, within the limits of the UBR Property.
Detailed study of the recovered gold particles including their shape, surface relief and chemical composition will provides a better understanding the origins of the buried gold sediments and inference on the characteristics of a bedrock source. Uragold will wait for the final results of the sonic program before planning a diamond drill program of the bedrock.
as you know in this market timing is everything,
THE SHARE PRICE IS PERFECT FOR ACCUMILATION!
AND UNDERSTANDING WHAT YOU READ!
iF THEY GET DECENT ASSAY RESULTS FROM THE SAPROLITH, THEY WILL DRILL INTO THE BEDROCK, WHICH MAY GIVE US A POSSIABLE GOLD DISCOVERY!
SO WHAT I AM TRYING TO RELATE IS BUYING HERE WITH THIS BLUE SKY POSSIABILITY AT THIS SHARE PRICE IS A NO BRAINER.
DO YOUR OWN DUE DILIGENCE
HERB