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Uragold Receives Environmental Permits to Start Trial Mining at Rang Chaussegros; Stocks Surge 27%

By: MT Newswires
Posted: 2/7/2013 11:31:00 AM
Referenced Stocks: CA

Uragold Bay Resources Inc. (UBR.V) announced that the MDDEP (Ministere du Developpement durable de l'environnement et des parcs) has issued the company the required Certificate of Authorization ( CA ) allowing the start of trial mining activities on the Rang Chaussegros of the Beauce Placer Gold project.

The CA holds Uragold to adhere to agreed environmental control standards in regards to water quality controls, sedimentation pools, overburden deposits, derivation canals and restoration plans.

UBR rallied 27% to 7 cents but is still well below year high $0.20.