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UrbanGold Intersects Gold Mineralization at FreeGold Zone at Troilus-The 21st China (Guangzhou) Int’l Spring Industry Exhibition
1/3/2020 彈簧展- Spring Industry Exhibition-Spring expo |
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UrbanGold Minerals Inc has reported partial results from its fall drill program on the Troilus Property, located near Chibougamau in 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. On the Argonaut claims, a total of fourteen holes were drilled on targets that had not seen any work for over 30 years.
Nine holes targeted the historic FreeGold zone and its potential extensions along strike. Additional core assay analysis and testing is currently underway on the portion of the drill core that is presumed to intersect the FreeGold zone. Hole FRG-19-04, which extended deeper than most other holes at FreeGold intersected new mineralization below the historical FreeGold system at a vertical depth of approximately 83 metres with 10.14 g/t Au and 3.77 g/t Ag over 1.8 metres (including: 30.3 g/t Au, 10.3 g/t Ag over 0.6 metres). It is to be noted that true width cannot be determined at this time. Anomalous amounts of copper and zinc are also reported within the same intersection. It was observed that gold mineralization is associated with small amounts of sulphides forming stringers in contact with a porphyritic dyke. UrbanGold geologists are currently re-evaluating the geological model for the area to determine if porphyritic dykes may be associated with gold mineralization elsewhere within the FreeGold system.
The other five holes targeted geophysical and/or areas where surface sampling had identified new mineralization in grab samples during the summer exploration program on the Argonaut claims. Several holes intersected sulphide mineralization, many with chalcopyrite and sphalerite. Flole UTB-19-12 intersected 2.12% Zn; 0.78% Cu; 0.3 g/t Au; 8.4 g/t Ag over 0.9 metres. Most of the holes show lithologies, alterations and contain anomalous metal values typical of a porphyritic Cu-Au system. Finally, not all surface occurrences where able to be drill tested and more work is planned to follow-up on these occurrences. These include the new Raptor and Bronto occurrences which returned 1,020 g/t Ag and 6 g/t Au respectively in grab samples
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