Uragold Bay Resources Inc. (CVE:UBR) reports its update on Beauce Placer gold property.
The press release is quoted as saying:
The property is located near the village of Saint-Simon-les-Mines in the Beauce region of southern Quebec. It was the site of a major placer gold mine operation in the 1960s. Uragold’s interest in the property is focused on examining a gold-bearing paleo-placer channel that runs parallel to the southern side of the Gilbert River. The highest gold values are generally at the contact with the fractured bedrock and in the joints and foliation.