Uragold Bay Resources Inc.

Uragold Bay Resources Inc.

September 15, 2011 09:35 ET

Uragold Retains the Services of GENIVAR for an Environmental Audit on the Beauce Placer Gold Property

MONTREAL, QUEBEC--(Marketwire - Sept. 15, 2011) - Uragold Bay Resources Inc. (TSX VENTURE:UBR), Uragold is pleased to announce that it has retained the services of GENIVAR Inc. (GENIVAR) (TSX:GNV), one of the largest professional services firm in Canada. GENIVAR will provide Uragold with an audit of its environmental compliance in order to meet all legal requirements and obligations as it continues to explore the Beauce Placer gold property located in the municipality of St-Simon les Mines in southeastern Quebec. As part of its mandate, GENIVAR has also been instructed to handle Uragold's permitting requirements regarding the extraction of a bulk sampling of 10,000-tons of gold bearing basal till from the same location. This will allow Uragold to broaden its planned bulk-sampling program.

GENIVAR's multidisciplinary team is made up of experienced professionals and technicians with a solid track record in the areas of impact studies, environmental audits and requirements, environmental permitting, environmental systems implementation and maintenance, water, air and soil characterizations, and environmental monitoring.

About the Beauce Placer Gold Property

The Beauce Placer property was the site of Canada's first gold rush in the 1850's, years before the Klondike gold rush. Two of Canada's largest gold nuggets, the Kilgour nugget at 52 ounces and the McDonald nugget at 45 ounces, came from the Gilbert River, which flows through the property. In the early 1960's, the property was the site of a major placer gold mining operation. The Beauce Placer Minning Co. was the only commercial placer gold mining operation in eastern North America.

As reported previously, (Uragold press release July 5, 2011) Uragold's sonic drilling program has validated previous historical work that identified a placer gold bearing deposit in an orange-brown basal till. Also reported, (Uragold press release April 18, 2011) analysis of recovered gold grains suggests a proximity to a bedrock source of gold, within the limits of the UBR Property.

Uragold's objectives are to evaluate the size and the economic potential of the historical placer gold deposit for a potential gold recovery operation while exploring for a bedrock source of gold.

About Uragold Bay Resources Inc.

Uragold Bay Resources is a junior exploration company trading on the TSX Venture Exchange under the symbol UBR. Uragold is a top claims holder in Southern Quebec's Appalachian belt. The properties benefit from extensive historical exploration work and from well-established infrastructure thereby helping to reduce exploration risks. Uragold's business model focuses on developing, a series of potential small scale low-cost gold mining operations for their potential in generating cash flow while simultaneously exploring core properties that hold the potential for the discovery of blue sky gold deposits like the MacDonald project.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Uragold Bay Resources
    Bernard J. Tourillon
    Chairman and CEO
    (514) 846-3271

    Patrick Levasseur
    President and COO
    (514) 846-3271