Urban Barry Gold | Quebec, Canada

The Urban Barry property is in the Urban Township of the James Bay region of Quebec in the Abitibi  Greenstone Belt, which is host to the Windfall gold  deposit that holds nearly 4 million Oz of gold  (indicated and inferred resources). The Urban Barry properties encompass an area of approximately  6,900  hectares and directly adjoin  Osisko’s  Windfall  property,  with  the  Langlois  base  metal-silver-gold  mine  located  about 30 km to the northwest.

From  November  2019  to  March 2020, Canadian Energy Materials Corp. (now EGR Exploration) flew an airborne drone magnetic geophysical survey over the property. The results of this survey confirm the northwest extension of rock units and fault structures hosting the nearby Windfall  gold deposit.

On the 19th December 2023, EGR entered into an option with Harvest Gold.

 

Highlights of the Agreement

  • Option and Sale of 122 claims and 6,879 ha, Urban Barry Gold Property located in Urban Barry/Windfall area Quebec.
  • EGR will receive a total of $90,000 cash, 1,750,000 common shares of Harvest Gold, and a 2.0% NSR Royalty. Harvest Gold is also required to spend a minimum of $300,000 in exploration expenditures in the first two years.
  • EGR will receive an additional 1 million common shares upon Harvest Gold announcing a 43-101 compliant resource estimate of 1 million ounces of gold in the inferred category.
  • Value creation for EGR shareholders with discovery potential in a Quebec focused exploration company.