{"id":1138471,"date":"2019-09-16T08:20:27","date_gmt":"2019-09-16T13:20:27","guid":{"rendered":"https:\/\/www.mining.com\/?p=1002008"},"modified":"2019-09-16T08:20:27","modified_gmt":"2019-09-16T13:20:27","slug":"urbangold-argonaut-combine-gold-projects-in-quebec","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1138471","title":{"rendered":"UrbanGold, Argonaut combine gold projects in Quebec"},"content":{"rendered":"<p>UrbanGold Minerals (TSXV: UGM) and Argonaut Gold (TSX: AR) signed an option agreement according to which UrbanGold can earn to earn a 50% interest in Argonaut\u2019s claims and vice versa, and the miners commit to combining their properties to form the Bullseye project.<\/p>\n<div class='d-flex justify-content-center'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>The 6,000-hectare project is located approximately 17 kilometres south of the former Troilus gold-copper mine in the James Bay region of Quebec. It sits on the central portion of the Troilus greenstone belt over prospective geology where numerous gold and copper occurrences have been detected but never drilled.<\/p>\n<p>\u201cHistoric and recently acquired data indicates a strong geological correlation between the two adjacent properties, with drill targets being located near the common boundary,\u201d the companies said in a media statement.&nbsp;&nbsp;<\/p>\n<p>According to UrbanGold and Argonaut, mineralization on Bullseye is widespread with indications of gold mineralization often associated with copper mineralization as is the case at the past<g class=\"gr_ gr_8 gr-alert gr_spell gr_inline_cards gr_disable_anim_appear ContextualSpelling ins-del multiReplace gr-progress sel\" id=\"8\" data-gr-id=\"8\">&#8211;<\/g>producing Troilus mine, which had a total output of over 2 million ounces of gold and 70,000 tonnes of copper.<\/p>\n<p>\u201cThe type of mineralization, alteration patterns, the presence of a deformation corridor and the lithologies encountered in our view all indicate a very prospective setting for gold, silver and copper mineralization,\u201d Mathieu Stephens, UrbanGold\u2019s president and CEO, said in the press brief.<\/p>\n<p>The firms said they are planning to advance a 3,000-metre drill program over several gold and copper occurrences.<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The combined properties will form the Bullseye project.<\/p>\n","protected":false},"author":92,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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