UrbanGold Completes Strategic Investment by Quebec Funds, Prepares for Drill Program
Ottawa, Ontario--(Newsfile Corp. - March 18, 2020) - UrbanGold Minerals Inc. (TSXV: UGM) ("UrbanGold" or the "Company") is pleased to announce a non-brokered private placement (the "Private Placement") of 1,600,000 units (the "Units") at a price of $0.125 per Unit, for gross proceeds of $200,000. Each Unit is comprised of one common share and one half-common share purchase warrant. Each full warrant will entitle the holder to acquire one additional common share in the capital of the Company...
2020-03-18 8:30 AM EDT
UrbanGold drills 22 metres of 1.02 g/t gold near surface at Cressida, Troilus
Ottawa, Ontario--(Newsfile Corp. - February 4, 2020) - UrbanGold Minerals Inc. (TSXV: UGM) ("UrbanGold" or the "Company") is pleased to announce results from its maiden drill program at the Cressida block, Troilus property, located near Chibougamau, Quebec, 14 kilometres southwest and on strike with the past-producing Troilus mine and within two kilometres of an all-weather road. The Cressida block is part of an option agreement with Argonaut Gold Inc.The small drill program completed in...
2020-02-04 8:30 AM EST
UrbanGold Announces Stock Option Grant
Ottawa, Ontario--(Newsfile Corp. - January 21, 2020) - The Board of Directors of UrbanGold Minerals Inc. (TSXV: UGM) ("UrbanGold" or the "Company") has approved, as of today, the granting of stock options (the "Options") for an aggregate of 650,000 common shares of the Company to its new Director elected at the last Annual General Meeting and its new Chief Financial Officer appointed in October 2019, in accordance with its stock option plan. The Options vest immediately, are exercisable at...
2020-01-21 4:27 PM EST
UrbanGold Completes Magnetic Survey at its Urban Area Kiyask Property
Ottawa, Ontario--(Newsfile Corp. - January 15, 2020) - UrbanGold Minerals Inc. (TSXV: UGM) ("UrbanGold" or the "Company") announces the completion of a helicopter-borne magnetic survey at its Kiyask property (the "Property") located approximately 15 kilometres northeast of the Urban-Barry mill operated by Bonterra Resources and adjacent to Osisko Mining claims where historical gold occurrences have been recorded. The 108 line-km survey was designed to cover the potential extensions of...
2020-01-15 8:30 AM EST
UrbanGold Announces a Loan Financing
Ottawa, Ontario--(Newsfile Corp. - December 30, 2019) - UrbanGold Minerals Inc. (TSXV: UGM) ("UrbanGold" or the "Company") announces the receipt of an unsecured loan (the "Loan") in the amount of $500,000 (the "Principal Amount") from a non-related party (the "Lender"). The Loan bears an annual interest rate of 8%, payable quarterly in cash.The Principal Amount of the Loan shall be repaid to the Lender at the latest on January 31, 2021. It is agreed, however, that the Principal Amount will...
2019-12-30 8:00 AM EST
UrbanGold Intersects Gold Mineralization Below The FreeGold Zone at Troilus
Ottawa, Ontario--(Newsfile Corp. - December 23, 2019) - UrbanGold Minerals Inc. (TSXV: UGM) ("UrbanGold" or the "Company") is pleased to report partial results from its fall drill program on the Troilus Property, located near Chibougamau, Quebec. Several areas were targeted during the initial program which included the Larabel block to the north, the central Bullseye block and the Argonaut claims which are under earn-in agreement with Argonaut Gold ("Argonaut") (September 13th, 2019 news...
2019-12-23 8:00 AM EST
UrbanGold completes drill program at Troilus, Cressida block
Ottawa, Ontario--(Newsfile Corp. - December 17, 2019) - UrbanGold Minerals Inc. (TSXV: UGM) ("UrbanGold" or the "Company") is pleased to report it has completed three additional holes totalling 369 metres on the Cressida block, Troilus property, located near Chibougamau, Quebec.The initial small program announced on December 13th, 2019 was planned to test the core of the historical mineralized zone and its potential extension to the north east, where the past producing Troilus mine is located...
2019-12-17 8:30 AM EST
UrbanGold Drills Additional Targets at Troilus
Ottawa, Ontario--(Newsfile Corp. - December 13, 2019) - UrbanGold Minerals Inc. (TSXV: UGM) ("UrbanGold" or the "Company") announces it has started drilling on the Cressida block, Troilus property, located near Chibougamau, Quebec.The area was previously drilled in the 1980s, prior to the opening of the nearby Troilus gold mine which has produced over 2 million ounces of gold and 70 thousand tonnes of copper (source: www.troilusgold.com/troilus-gold-project/). No follow-up work is recorded on...
2019-12-13 8:30 AM EST
UrbanGold Announces Closing of Brokered Private Placement
Ottawa, Ontario--(Newsfile Corp. - December 6, 2019) - UrbanGold Minerals Inc. (TSXV: UGM) ("UrbanGold" or the "Company") is pleased to announce the closing of its previously announced brokered private placement led by Industrial Alliance Securities Inc. (the "Agent") as lead agent and sole bookrunner for the sale on a best efforts basis of 2,680,000 units of the Company ("Units") and 5,604,668 common shares issued on a flow-through basis (the "Flow-Through Shares") for gross proceeds of...
2019-12-06 1:13 PM EST
UrbanGold Completes Drilling in the Troilus Area and Modifies Terms of Recently Announced Private Placement
Ottawa, Ontario--(Newsfile Corp. - November 21, 2019) - UrbanGold Minerals Inc. (TSXV: UGM) ("UrbanGold" or the "Company") is pleased to announce that it has completed its first phase of diamond core drilling on its Troilus area properties (the "Property") with a total of 3,562 metres. 2,537 samples were taken from the drill core and are currently at the laboratories in Val d'Or pending assaying.The drill program focused on three different portions of the Property. 14 holes totalling 2,005...
2019-11-21 11:34 AM EST
UrbanGold Announces Proposed Brokered Private Placement
Ottawa, Ontario--(Newsfile Corp. - October 22, 2019) - UrbanGold Minerals Inc. (TSXV: UGM) ("UrbanGold" or the "Company") is pleased to announce that it plans to complete a brokered private placement led by Industrial Alliance Securities Inc. (the "Agent") as lead agent and sole bookrunner for the sale on a best efforts basis of a minimum of 4,000,000 units of the Company (the "Units") to a maximum of 8,000,000 Units priced at $0.125 per Unit resulting in gross proceeds of...
2019-10-22 8:30 AM EDT
UrbanGold Announces Acceptance of Option Agreement
Ottawa, Ontario--(Newsfile Corp. - October 7, 2019) - UrbanGold Minerals Inc. (TSXV: UGM) ("UrbanGold" or the "Company" is pleased to announce that, further to its news release dated September 13, 2019, it has received acceptance from TSX Venture Exchange Inc. to the option agreement dated September 4, 2019 (the "Agreement") with gold producer Argonaut Gold Inc. Pursuant to the Agreement, UrbanGold has issued 250,000 common shares of the Company to Argonaut Gold Inc., which are subject to a...
2019-10-07 4:30 PM EDT
UrbanGold Announces New Chief Financial Officer
Ottawa, Ontario--(Newsfile Corp. - October 1, 2019) - UrbanGold Minerals Inc. (TSXV: UGM) ("UrbanGold" or the "Company") is pleased to announce that, subject to regulatory approval, Vatche Tchakmakian has joined the Company as Chief Financial Officer and Corporate Secretary, effective October 1, 2019.Mr. Vatche Tchakmakian is a Chartered Professional Accountant (CPA, CA) with over 30 years of experience in the minerals industry. He is specialized in the field of public companies and...
2019-10-01 8:30 AM EDT
UrbanGold Makes 11 New Gold, Silver and Copper Discoveries in the Troilus Area
Ottawa, Ontario--(Newsfile Corp. - September 26, 2019) - UrbanGold Minerals Inc. (TSXV: UGM) ("UrbanGold" or the "Company") is pleased to provide an update on its current gold exploration activities at the Bullseye and Larabel blocks located in the Troilus area, in James Bay region, Quebec where drilling has recently begun (See September 25, 2019 News Release). The Bullseye Project totals 110 claims centrally located at the heart of the Troilus mineral belt. A portion of the Property is under...
2019-09-26 8:30 AM EDT
UrbanGold Commences Drilling on its Bullseye and Larabel Blocks in the Troilus Area
Ottawa, Ontario--(Newsfile Corp. - September 25, 2019) - UrbanGold Minerals Inc. (TSXV: UGM) ("UrbanGold" or the "Company") is pleased to report the start of its 2019 drill program on its Bullseye and Larabel blocks located in the Troilus area, in James Bay region, Quebec.The minimum 3,000 metre diamond drill program will focus on new surface discoveries made during the summer exploration program, on geophysical targets and will also target historical occurrences. Drilling is to begin in the...
2019-09-25 8:00 AM EDT
UrbanGold and Argonaut Gold Agree to Combine Troilus Area Exploration, 3,000 Metres Drill Program to Start on Gold Targets
Ottawa, Ontario--(Newsfile Corp. - September 13, 2019) - UrbanGold Minerals Inc. (TSXV: UGM) ("UrbanGold" or the "Company") is pleased to announce the signing of an option agreement dated September 4, 2019 (the "Agreement") with gold producer Argonaut Gold Inc. (TSX: AR) ("Argonaut"), an arm's length party, to earn a 50% interest in their claims, combining properties to form the Bullseye Project (the "Bullseye Project"), located approximately 17 km south of the former Troilus Gold-Copper Mine...
2019-09-13 8:00 AM EDT
UrbanGold Undertakes Ground Geophysics in Preparation for Drilling in Troilus, Baie James and Completes Acquisition of Mineral Claims
Ottawa, Ontario--(Newsfile Corp. - August 29, 2019) - UrbanGold Minerals Inc. (TSXV: UGM) ("UrbanGold" or the "Company") is pleased to announce the start of ground geophysical surveys on its recently acquired Troilus group of properties, in the James Bay region, Quebec.The program follows-up on recently identified outcrops of interest containing disseminated sulphides. The program will take two weeks to complete and is designed to generate additional drill targets for an upcoming drill...
2019-08-29 8:30 AM EDT
UrbanGold Further Expands its Gold Property at Troilus, Announces Upcoming Diamond Drilling Programs
Ottawa, Ontario--(Newsfile Corp. - August 6, 2019) - UrbanGold Minerals Inc. (TSXV: UGM) ("UrbanGold" or the "Company") is pleased to announce the expansion of its property in the Troilus area ("the Project") located north of Chibougamau, Quebec and the upcoming start of a drill program on the Project. UrbanGold considers the Project to be a high priority project to compliment the Monaco and StarGold properties.Highlights of the Project79 new claims bringing total surface area to 10,525...
2019-08-06 8:30 AM EDT
UrbanGold expands its position in the Troilus area, immediately commences surface exploration
Ottawa, Ontario--(Newsfile Corp. - July 18, 2019) - UrbanGold Minerals Inc. (TSXV: UGM) ("UrbanGold" or the "Company") is pleased to report it has significantly expanded its land position in the Troilus area with the acquisition of 56 new mineral claims totalling 3,046 hectares.The new claims cover under-explored prospective ground centrally located within the Frotet greenstone belt and contain several gold, copper and silver occurrences which have never been drill tested. A field crew with...
2019-07-18 8:30 AM EDT
Urbangold Appoints Mathieu Stephens as a Director
Ottawa, Ontario--(Newsfile Corp. - July 15, 2019) - UrbanGold Minerals Inc. ("UrbanGold" or the "Company") (TSXV: UGM) is pleased to announce, subject to regulatory approval, the appointment of its Chief Executive Officer and Vice President of Exploration, Mathieu Stephens, P.Geo to the board of directors of the Company, effective immediately. Mr. Stephens is a professional geologist with over 15 years of exploration and management experience in both mining exploration and the securities...
2019-07-15 4:30 PM EDT