Urbana Corporation Announces Encouraging Drilling Results

Urbana Corporation's Recent Drill Results

Urbana Corporation (TSX & CSE: URB & URB.A) has announced impressive results from its latest drill program at the Urban Gold Project. This project is located within the recognized mineral-rich region of the Abitibi Greenstone Belt. The recent winter drill campaign comprised 5,226 meters and included 17 drill holes, emphasizing substantial findings that could reshape the understanding of gold resources in this area.

Highlights of the Drill Program

One of the standout results from this program was reported as an intercept of 6.98 grams of gold per tonne (g/t) over a length of 6.0 meters in hole UU-25-12. This specific finding is significant, as it expands the known mineralized zone and demonstrates the potential for additional gold resources. The strike length of the mineral zone has now been extended to about 200 meters and remains open for exploration for a further 300 meters westward.

Historic Context and Drill Targeting

The targeted drill locations are strategically selected based on previous data, including remarkable historical intercepts from the 1980s that featured values of 15.0 g/t over 0.8 meters. Notably, the drill hole UU-25-12 was drilled about 150 meters west of these earlier findings, confirming its commendable performance during this season’s drill campaign.

Upcoming Exploration Initiatives

In addition to integrating these notable drill results, Urbana Corporation plans to initiate a comprehensive surface exploration campaign. This campaign will begin within the upcoming month and target the less explored northern and central sections of the Urban Gold Project. The northern sector, which has never been drilled, is surrounded by significant gold occurrences, including recent finds from Osisko Mining, which reported astonishing grades of 75.8 g/t gold.

Exploration in the Central Sector

The central area of the Urban Gold Project has been historically active since the 1950s, yet it still contains many undocumented gold showings that require further investigation. This upcoming exploration program aims to locate these historical workings, conduct surface sampling, and prioritize targets for a future drill campaign.

The Strategic Advantage of Location

The Urban Gold Project benefits significantly from its strategic location, with convenient road access and proximity to well-established deposits like Goldfield’s Windfall and Bonterra Resources’ Barry deposit. This positioning places Urbana at a competitive advantage within a highly prospective mineralized corridor.

Urbana’s President and CEO, Thomas S. Caldwell, expressed enthusiasm regarding the drill results, stating the presence of a gold-bearing system and stressing that the Urban Gold Project is underexplored relative to its potential. With increased activity in the region by major producers, the company is optimistic about refining their exploration targets further for the next phase of drilling.

Quality Assurance and Protocols

Urbana Corporation employs rigorous standards for quality control and reporting. For instance, all recorded assays come from either one-kilogram screen fire assay or standard 50-gram fire-assaying methods analyzed at ALS Laboratories in Val d’Or, Quebec. Proper protocols ensure that quality assurance and quality control measures are adhered to in compliance with National Instrument 43-101 and industry best practices.

Technical Review and Guidance

The information disclosed in this release has undergone review and approval by qualified personnel, ensuring that all technical aspects align with industry standards. The qualified person overseeing this process is Mathieu Stephens, P.Geo., affirming compliance with necessary regulations.

Get in Touch

For additional inquiries, interested parties can reach out to Elizabeth Naumovski, Investor Relations, at (416) 595-9106 or via email at enaumovski@urbanacorp.com.

Frequently Asked Questions

What are the notable findings from Urbana Corporation's drill program?

The notable findings include an intercept of 6.98 g/t gold over 6.0 meters in drill hole UU-25-12, validating the project’s potential.

What are the next steps for the Urban Gold Project?

Urbana plans to commence a surface exploration campaign targeting the northern and central portions of the Urban Gold Project.

How does the Urban Gold Project's location benefit Urbana Corporation?

The project is strategically positioned between major deposits, allowing for enhanced exploration potential and infrastructure access.

Who is overseeing the technical aspects of the project?

Mathieu Stephens, P.Geo., is the qualified person responsible for overseeing the technical aspects of Urbana Corporation's exploration activities.

How can investors learn more about Urbana Corporation?

Investors can contact Elizabeth Naumovski, as the Investor Relations representative, for further information regarding Urbana Corporation’s exploration efforts and developments.

About The Author

Hello Kelly Martin here, a financial and publicly traded company specialist committed to writing with clarity and sage advice. Having a wealth of experience and a thorough grasp of corporate dynamics and the financial environment, my main goal in writing blog posts and articles is to provide insightful analysis together with useful guidance. My objective is to arm readers with the information they need to comprehend the complexities of publicly traded companies and make wise financial decisions.

Writing for several financial blogs has let me interact with a wide range of readers, from novice investors to seasoned pros looking for fresh perspectives. My goal is to make corporate analysis and finance understandable and interesting so you may confidently negotiate the intricacies of the financial world. I appreciate you traveling with me toward success and financial literacy.

Contact Kelly Martin privately here. Or send an email with ATTN: Kelly Martin as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.