Uragold to Complete an Electrical Resistivity Tomogragphic Survey on Its Beauce Gold Property in Partnership With the INRS, One of Canada's Top Research Centers
Published : December 18, 2012
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Canada | Eau | Gold | Market |

MONTREAL, QUÉBEC--(Marketwire - Dec. 18, 2012) - Uragold Bay Resources Inc. ("Uragold") (News - Market indicators), is pleased to announce that the INRS (Institut National de la Recherche Scientifique) will be conducting a Syscal-Pro electrical resistivity tomographic survey and a Promis-10 electromagnetic FDEM survey on the Rang Chaussegros claims of UBR Beauce Gold property located in the municipality of Saint-Simon-les-Mines in the Beauce region of southern Quebec.

The INRS team, led by Dr. Marc Richer-LaFlèche, Ph.D (Geo) will perform a geophysical program that will include geoelectrical tomographic and frequency domain electromagnetic surveys. The geoelectrical tomographic survey will generate high resolution cross section images of the Quaternary overburden and the volcano-sedimentary layering of the bedrock formations of the Beauce Property. The result of the geoelectrical tomography will be correlated with Uragold's sonic and other historical drilling data, in order to provide a 3D model of the placer gold channel composed of saprolite and brown basal till.

The aim of the program is to enable Uragold to evaluate, in greater detail, the shape, size, potential of the placer gold channel and to measure potential target extensions of the deposit. The program started last week with the cutting and picketing of a total of 7,500 meters of lines in order to form a rectangular grid on the property, between the Rang Chaussegros road to the west and Saint-Gustave road to the east. The grid will be used to perform the geoelectrical tomographic surveying.

Patrick Levasseur, president and COO of Uragold stated. "We are very proud that the special nature of our Beauce Gold project has attracted the scientific interest of the Quebec University INRS research team. This partnership will not only increase the overall understanding of the unique geological phenomenon of the region, but it will also allow us to establish an optimum mining plan for our Beauce Gold property."

About the INRS

INRS is a university dedicated to fundamental and applied research, graduate studies and the training of researchers in its four research Centres in Quebec City, Laval, Montreal and Varennes. Part of the Université du Québec network, INRS University ranks first in Canada in terms of research intensity (funding per faculty member). Located in Quebec City, the INRS Eau Terre Environnement Research Centre is a world class research facility that brings together 40 professors, over 200 graduate and postgraduate students, and about 20 postdoctoral researchers. 

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. Uragold's Beauce Gold project is in its final permitting stage for a 20 years mining lease placer gold mining operation.

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.

Bernard J. Tourillon, Chairman and CEO
Patrick Levasseur, President and COO
(514) 846-3271
www.uragold.com
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

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 a gold exploration 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
11/7/2012Extends and Re-Prices Share Purchase Warrants
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...
Corporate news of Uragold Bay Resources
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'...
5/12/2011Starts Sampling the McDonald and Moe River Gold Properties
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.
- -  0.250 -%
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
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.82+1.69%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.09+0.45%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.57+5.19%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.55+1.19%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 16.00-0.31%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+2.13%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19-7.32%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.90+0.00%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.19+1.48%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+0.00%Trend Power :