Urbana (URB-T) Jan 18, '17 is pleased to report that a drill contract has been awarded for its upcoming 2017 drilling program on its Urban property, Quebec.
Urbana's drill program will comprise of a minimum of 13 holes totaling at least 2,000 metres and will target potential extensions of last winter's discovery that intersected 19.85 g/t Au and 82.0 g/t Ag over 1.1 metres near surface (June 6th, 2016 news release). A series of untested exploration targets will also be drilled during the same program. The project is managed by Beaufield Resources (BFD-V) and will be done simultaneously to their own program on their adjacent property which will benefit both companies by reducing overall costs.
Urbana's property consists of 44 claim cells totaling 1,154.44 hectares and is centrally located within the Urban-Windfall district. The property is adjacent and on strike with Osisko's Mining Windfall deposit which recently announced very high grade gold intersections. Several other companies including Metanor Resources and Bonterra Resources also operate in the area. Local infrastructure is excellent and the property is easily accessible by newly established roads. Please refer to Urbana's website for a detailed map indicating the principal stakeholders for the Urban-Windfall region.
Qualified Persons
This news release has been prepared by Mathieu Stephens, P.Geo, Vice President of Exploration and Corporate Development for Beaufield, the Qualified Persons, as defined by National Instrument 43-101.
About Urbana Corporation
Urbana Corporation is a closed-end investment company with current interests across the financial services sector from exchanges to banks to broker dealers and investment managers.
The goal of Urbana Corporation is to generate long term asset growth through a combination of public and private investments. The mix of an actively managed, liquid portfolio with private equity investments ensures non committed assets are productively employed as we seek out and evaluate opportunities in the non-public sphere. Many of the latter investments take time to mature and typically encompass high risk/high return characteristics.
Urbana Corporation, as a result of its permanent capital base, has both the scope and flexibility to act quickly as opportunities arise.
Urbana Corporation
Thomas S. Caldwell
Chief Executive Officer
(416) 595-9106
info@urbanacorp.com
Urbana Corporation
Elizabeth Naumovski
Investor Relations
(416) 595-9106
info@urbanacorp.com |
