11:06 AM EST, 02/03/2025 (MT Newswires) -- Urbana (URB.TO), down 3.5% on last look, on Monday said plans to conduct a winter drilling program on its Urban Township Project in northern Quebec over coming weeks.

The program consists of up to 4,150 meters of drilling in the southern sector of Urbana's claim group. The project is located near existing infrastructure, is accessible by road and is located between the nearby Windfall and Barry gold deposits, along the same geological feature.

The company aims to determine if the gold mineralization recently found near the boundary of Urbana's gold project continues onto Urbana's area extending historical gold discoveries on strike and at depth in three different areas, and testing select geophysical and geological targets for mineralization.

Urbana was last seen down $0.22 to $6.00 on the Toronto Stock Exchange.

Price: 6.00, Change: -0.22, Percent Change: -3.54