Beauce Placer Project

History

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 Canadada'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 Company was the only commercial placer gold mining operation in eastern North America. The Beauce Placer Company in 1960 confirmed the presence of a Gold placer deposit of 117,000 oz (Seber 1961 GM11010). The placers where mined with a floating Yuba dredging.

following the results of a first reverse circulation (RC) drilling by Beauce Placer in 1958. A later RC drilling by the University of Laval for Macamic in 1985 and 1986 and some sonic drill holes by the Geological Survey of Canada (1986), suggests the property holds a gold placer deposit that was not completely mined. Uragolds believes that it's sonic drilling program will provide new information and validate historical data. Uragold's primary objective is to confirm the existence of a placer gold deposit. If confirmed, to then evaluate it's size and economic potential.

Objective

Uragold's interest in the property is to review the deposit's potential with regard to using modern placer mining methods. Uragold's hypothesis is that the property holds a placer gold deposit. It is hoped that by using modern mining methods, a low cost operation can be developed to mine the remaining gold.

800 ton, four stories high Yuba dredge, Beauce 1962

Grains of gold from hole G65-04

Sonic drilling through
multipleglacial units,
down to the bedrock

Excavator preparing property
for sampling(foreground)
Remnants of Yuba dredge

Maps of drill locations, overburden profile and gold grades - Source: Quebec Minertry of Natural Resources
Report: GM42988 (pre-NI43-101) - University of Laval for Coniagas Mines Ltd, 1986 [Download]