Uragold Recovers Pristine Gold/Silver Grains & Gold Nuggets From Barren Washed Gravel While Evaluating the Aggregate Potential & Scale Testing its Mining Plant on the Beauce Placer Property

MONTRÉAL, QUÉBEC--(Marketwired - Sept. 10, 2013) -

Editors' Note: There are three photos associated with this press release.

Uragold Bay Resources Inc. ("Uragold") (TSX VENTURE:UBR), is pleased to announce that it has completed a successful scale testing/ sampling program in the washed gravels from the former 1960's placer gold dredging operation on the Rang Chaussegros claims of Uragold's Beauce Placer Gold property located in the municipality of Saint-Simon-les-Mines in the Beauce region of southern Quebec.

Explolab of Val d'Or, Quebec completed the program under the supervision of Robert Gagnon, P. Geo. The objectives were to evaluate the by-product content of essentially barren washed gravel for its aggregate content and to test for the presence of gold while scale testing the efficiency of the planned gold recovery methods for Uragold's upcoming bulk sampling and trial mining program, using essentially barren washed gravels from past gold mining operations.

Small Scale Placer Plant Test

Explolab supplied Uragold with a mobile facility/ unit for the sampling of the gravels. The unit worked as a portable placer wash plant composed of a grizzly, a trommel and a sluice with a maximum capacity of approximately 15 tons per hour. A mobile mechanic excavator was used to feed the plant. The excavator loaded approximately 10-15 tons per hour for a daily plant capacity of about 50-70 tons per day.

This allowed Uragold to evaluate the proposed plant configuration for the upcoming bulk sampling and trial mining program under a series of different operational conditions in order to validate some production assumptions.

Since the proposed configuration was successful in recovering gold, ranging in size from grains as small as 100 um up to a 1.5 mm gold nugget, from essentially barren clay, sand and gravels, the Corporation is confident that a similarly configured 100 + tons per hour placer plant, working in the pay gravel, is the best way to proceed going forward.

Aggregates

Local entrepreneurs have expressed an interest in acquiring the large volumes of aggregate (washed gravel) that will be generated by our mining activities, and since Uragold's surface rights allow the company, with the required permit, to sell the washed aggregate, the Corporation is now looking into maximizing its production credit through the sale of aggregate. This can be easily attained through the addition of a screening and sorting operation to the placer operation to sort and size the washed gravels.