Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in
Uragold Completes a Critical Threshold With the Closing of the Acquisition of the Beauce Placer Gold Properties
Published : November 13, 2012
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Gold | Market | Real Estate | Reality |

MONTREAL, QUEBEC--(Marketwire - Nov. 13, 2012) - Uragold Bay Resources Inc. ("Uragold") (News - Market indicators), is pleased to announce that it has finally signed with the Vendor, the required Deed-Of-Sale to complete the purchase of 7 real-estate properties in the municipality of Saint-Simon-les-Mines located in the Beauce region of southern Quebec. The signing of the Deed of Sale completes a transaction first announced last year on September 8, 2011.

Cadastral Lots Location (Range) Land Area (Acres)
3629423, 3629484, 3810447, 3810448 Rang Chaussegros 124
3629375, 3812210 Rang De Lery 45
3629179 Rang St-Charles 9

The terms of the agreement to purchase 178 acres of real estate have remained the same. Uragold was ready to close the transaction since January 2012, when the funds required to complete the transaction, were placed in escrow with a Notary. The closing of the transaction was delayed by a change of control of the Vendor.

The lots acquired cover significant sections of the historical Beauce placer gold channel. They were all once owned by the Beauce Placer Mining Company, a major placer gold mining company in the 1960s. From 1960 to 1962, the company mined 56,000 oz of gold from a small section on the eastern end of the Rang Chaussegros. Uragold holds minerals rights over all Rang Chaussegros lots. Furthermore, the acquisition also provides Uragold a controlling interest over significant western sections of the historical placer gold channel.

With this critical threshold now behind us, the Company's goal of starting a gold mining operation on the Rang Chaussegros of the Beauce Placer Gold property is one step closer to becoming reality. Uragold will soon provide an update on the permitting process.

About Uragold Bay Resources Inc.

Uragold Bay Resources is a junior exploration company trading on the TSX Venture under the symbol UBR. Uragold holds gold properties in Southern Quebec's Appalachian belt. Uragold's business model focuses on developing small scale low-cost mining operations for their cash flow generating potential while simultaneously exploring core properties that hold the potential for the discovery of blue sky gold deposits like the MacDonald project.

Shares outstanding: 44,184,327

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Patrick Levasseur
President and COO
(514) 846-3271
www.uragold.com

Uragold Bay Resources

EXPLORATION STAGE
CODE : UBR.V
ISIN : CA91689A2039
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Uragold Bay Res is an exploration gold company based in Canada.

Uragold Bay Res holds various exploration projects in Canada.

Its main exploration properties are USKAWANIS, CAVELIER JV, DIMBROKO (PR 141) and FENTON - CENTRE in Canada.

Uragold Bay Res is listed in Canada. Its market capitalisation is CA$ 31.2 millions as of today (US$ 23.7 millions, € 21.6 millions).

Its stock quote reached its lowest recent point on December 24, 2008 at CA$ 0.01, and its highest recent level on January 07, 2011 at CA$ 0.40.

Uragold Bay Res has 124 752 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Uragold Bay Resources
7/4/2013Closes Previously Announced Hard Cash Private Placement of $...
3/14/2013Closes the First Tranche of Private Placement
11/21/2012Amends Warrants Re-Pricing and Extention
11/7/2012Extends and Re-Prices Share Purchase Warrants
12/31/2010Uragold Closes Broker Private Placement
12/3/2010Uragold Bay New Flow-Through Units Offering Announced for $ ...
Project news of Uragold Bay Resources
11/13/2012(Beauce Placer)Completes a Critical Threshold With the Closing of the Acqui...
6/21/2011(Beauce Placer)Drill Program Returned Significant Visible Gold Grains From ...
3/14/2011(Beauce Placer)Drill Program on the Beauce Placer Property Confirms the Pre...
11/11/2010(Beauce Placer)Uragold to Start Drill Sampling the Beauce Placer Gold Prope...
Corporate news of Uragold Bay Resources
6/29/2016Purevap(TM) Produces Pure Silicon Metal Material That Exceed...
5/25/2016Purevap(TM) Dynamic Testing Restarted and First 3 Samples Se...
5/4/2016Uragold Provides Update to Purevap(TM) Process, Roncevaux Pr...
9/10/2013Recovers Pristine Gold/Silver Grains & Gold Nuggets From Bar...
5/23/2013Tomography Results Strengthens Uragold's Model of a Local Ha...
4/25/2013Corporate Update on the Development of the First New Placer ...
3/11/2013(Beauce Placer)Extends Holdings Over the Historical Beauce Placer Gold Chan...
2/7/2013Receives Environmental Permits to Start Trial Mining : A Mil...
1/14/2013Reaches a Major Threshold in its Permitting Process: Quebec'...
12/20/2012Closes Non-Brokered Private Placement and Grants Stock Optio...
12/18/2012to Complete an Electrical Resistivity Tomogragphic Survey on...
12/4/2012Closes the Sale of the Asbury Graphite Property to Canada Ca...
11/26/2012Instead of a Bulk Sampling Permit, Uragold Is to Receive a 2...
5/12/2011Starts Sampling the McDonald and Moe River Gold Properties
11/24/2010Uragold Bay to Issue Share-for-Debt Settlements
3/8/2010Acquires 100% Interest in the Bulstrode Rare Earth Property
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (UBR.V)
0.250+2.04%
TSX-V
CA$ 0.250
07/22 15:59 0.010
2.04%
Prev close Open
0.250 0.240
Low High
0.240 0.250
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
0.130 -  0.280 78.57%
Volume 1 month var.
605,372 -%
24hGold TrendPower© : 27
Produces
Develops
Explores for Uranium
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2017-10.71%
2016460.00%0.300.05
20150.00%0.070.02
201425.00%0.080.03
2013-20.00%0.120.04
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Entree Gold(Cu-Au)ETG.TO
Entrée Gold - Annual General Spec
CA$ 0.62+0.00%Trend Power :
Silver Standard(Ag-Au-Cu)SSO.TO
Provides First Quarter 2017 Corporate Exploration Update
CA$ 13.23-1.71%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Drilling Extends Mineralization at Lemarchant, NFLD
CA$ 0.18+5.71%Trend Power :
Target Resources(Au-Gems)TGT.L
KOOTENAY ANNOUNCES DRILL PROGRAM TO TARGET RESOURCE EXPANSION AT LA CIGARRA SILVER PROJECT=2C MEXICO
GBX 1.10-2.65%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
Reports Q1 2017 Production Results
US$ 2.80+1.82%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Mill Recovery Enhancement Project Approved
AU$ 2.18-2.24%Trend Power :
Levon(Au-Ag)LVN.V
to Complete Resource Infill Drilling to Test a Starter Pit Scenario
CA$ 0.94-3.09%Trend Power :
Victoria Gold Corp.(Au)VIT.V
Begins $6.2M, Phase 1 Exploration Program, Yukon
CA$ 0.66+0.00%Trend Power :
Bonavista Energy(Ngas-Oil)BNP-UN.TO
Announces Increase to Exchangeable Share Ratio
CA$ 28.85-0.93%Trend Power :
Eurasian Min.(Cu-Au-Ag)EMX.V
Announces Release of 2016 Annual Report and Management Discussion and Analysis
CA$ 1.17+0.00%Trend Power :
Columbus Gold(Au)CGT.V
Columbus Gold Announces Voting Results of its Annual Meeting
CA$ 0.34+0.00%Trend Power :
Pretium ResourcesPVG.TO
Brucejack Transmission Line Energized
CA$ 12.16+3.75%Trend Power :
Silver Wheaton(Cu-Le-Zn)SLW.TO
Silver Wheaton Provides Details of Annual and Special Meeting of Shareholders, Files Form 40-F, and
CA$ 28.53+0.85%Trend Power :
Barrick Gold(Cu-Le-Ni)ABX.TO
Reports Restrictions at Veladero Mine Heap Leach Facility
CA$ 26.41-1.49%Trend Power :
HudBay(Cu-Le-Ni)HBM.TO
Hudbay Provides Update on Operations and Growth Projects
CA$ 7.21-2.57%Trend Power :
Silver Standard(Ag-Au-Cu)SSO.TO
Receives Extension on the Chinchillas Project Option Agreement
CA$ 13.23-1.71%Trend Power :
Peregrine Diamonds(Gems)PGD.TO
Announces Results of Voting for Election of Directors
CA$ 0.20-6.98%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Portia Gold Sales Exceed 20000 oz
AU$ 0.44-6.38%Trend Power :
Oceana Gold(Au)OGC.AX
ANNOUNCES FIRST GOLD POUR AT THE HAILE GOLD MINE IN SOUTH CAROLINA
AU$ 4.23-3.42%Trend Power :
Uranium Res.(Ur)URRE
Announces Closing of $9.7 Million Public Offering
US$ 1.49-0.67%Trend Power :