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UrbanGold or the
Company ) reports results from the first four of ten core holes (totalling 1,095 metres of 2,452 metres) drilled on its 100% owned 26,585-hectare Pallador Property (the
Property ) in the Regnault area of the Troilus-Frotet region. This drill program targeted an area located immediately south of the Kenorland Minerals Regnault gold discovery (see Kenorland s July 29, 2020 news release). Assays for the remaining 6 holes of the UrbanGold program that were drilled in January 2021, remain pending.
UrbanGold s drilling focused on coincident chargeability and geochemical anomalies in soil consisting of gold and known pathfinder elements. No previous historical drilling was recorded on this portion of the Property prior to the completion of UrbanGold s program. Best results from the first four drill holes include hole UPR-20-03, which intersected 2 g/t gold over 1.8 metres between 175.75m and 177.55m. Mineralization was intersected within a dioritic intru ....

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