Uragold Bay Resources Inc. (UBR.V) announces 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 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.
Shares are down half a cent to 4.5 cents late morning, bringing it nearer a yr low of 3.5 cents.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
