Accessibility/Mobile Features
Skip Navigation
Skip to Content
Editorial News
Classified Sites

The Canadian Press - ONLINE EDITION

Two Montreal-based junior mining companies aim to get Quebec mine going

MONTREAL - Two Montreal-based mining companies are planning to team up to build a producing mine at the Bellechasse-Timmins gold deposit in Quebec's Beauce region.

Uragold Bay Resources Inc. (TSXV:UBR) will be able to earn up to a 50 per cent interest in the project under a letter of intent signed with Golden Hope Mines Ltd. (TSXV:GNH).

The deposit is 50 kilometres northeast of Uragold's Beauce Placer Gold project and the companies believe there are cost-saving opportunities due to the close proximity of the two projects.

Under the agreement with Golden Hope, Uragold can initially earn 30 per cent of the BT deposit by completing and paying for certain work over an 18-month period.

It can earn another 20 per cent if provides all the financing required to start production at the deposit, which has an indicated resource of 313,900 ounces gold and an inferred resource of 102,000 ounces gold according to an estimate published by Golden Hope in August 2012.

"We believe that the nature of the gold deposit, the location of the property, the support from the municipality of St-Magloire, Que., and the local infrastructure all make for an excellent opportunity to bring profitable gold production back to southeastern Quebec," said Frank Candido, CEO and President of Golden Hope.

  • Rate this Rate This Star Icon
  • This article has not yet been rated.
  • We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high. If you thought it was well written, do the same. If it doesn’t meet your standards, mark it accordingly.

    You can also register and/or login to the site and join the conversation by leaving a comment.

    Rate it yourself by rolling over the stars and clicking when you reach your desired rating. We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high.

Sort by: Newest to Oldest | Oldest to Newest | Most Popular 0 Commentscomment icon

You can comment on most stories on You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

There are no comments at the moment. Be the first to post a comment below.

Post Your Commentcomment icon

  • You have characters left

The Brandon Sun does not necessarily endorse any of the views posted. Comments are moderated before publication. By submitting your comment, you agree to our Terms and Conditions. New to commenting? Check out our Frequently Asked Questions.


Make text: Larger | Smaller

Brandon Sun Business Directory
Submit a Random Act of Kindness
Why Not Minot?
Welcome to Winnipeg

Social Media

Canadian Mortgage Rates