Union Glory Gold Limited specializes in the acquisition, exploration and development of bonanza-grade mining properties. Chief among UGGL's mining assets include the Tudor Goldmine and Addington Goldmine in Ontario, Canada, and Schefferville Iron ore project in Quebec, Canada.
The Tudor Goldmine is located on one of Canada's most promising gold mineralization belts, with nearby goldmines such as Craig and Gilmour being in production for well over a century already. A 2012 NI43-101 compliant estimate puts the gold resource of Tudor at 7.79 metric tonnes, while further drilling/exploration may turn up in excess of 50 tonnes of gold resource per the conclusion of the Tudor NI43-101 technical report. Given the promising amount of in-Situ gold deposit at Tudor, UGGL is well-placed to eventually move into the gold production stage.
Dr Derek McBride, the author of the Tudor Property NI43-101 report, concludes that the Main and Vardy Zone alone may produce up to 50 tonnes of measured and indicated gold resources.
The second phase of drilling at the Tudor Property will start in May-June this year, with the target being a NI43-101 compliant estimate of 20 tonnes of indicated gold resources.
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