03:56 PM EDT, 08/07/2025 (MT Newswires) -- Urbana (URB-A.TO, URB.TO) on Thursday reported results from its winter drill program at the Urban Gold Project in Quebec.

The 5,226-meter, 17-hole program focused on the southern portion of the project area. Highlights include an intercept of 6.98 grams of gold per tonne over 6.0 meters, expanding the known mineralized zone to a potential strike length of 200 meters and remains open for at least 300 meters westward. The program also confirmed the presence of multiple gold-bearing structures.

Urbana is starting a surface exploration campaign this month, targeting the underexplored northern and central portions of the Urban Gold Project.

The company's Class A shares were last seen down $0.16 to $6.80 on the Toronto Stock Exchange.

Price: 6.80, Change: -0.16, Percent Change: -2.30