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Uracan Resources Ltd. (TSX-V: URC) Uracan has made a new uranium discovery in Quebec, Canada. Over 100 drill holes has outlined a >1500 metre strike length of uranium mineralization at surface (and still growing) on the company's 100% owned North Shore Property, located just a few kilometers north of the St. Lawrence Seaway. Power and a major provincial highway run through the property. An initial resource calculation is expected by June 2008. Management has extensive open pit mining experience from their time running the former Bema Gold. They are combining their expertise with the financial acumen of Endeavour Financial and some of the most successful mining venture capitalists in North America to develop large, open pit uranium mines in Canada. These targets have inexpensive exploration costs, and low operating costs if they turn into a mine. Uracan is now drilling two near surface, bulk tonnage uranium targets -- the North Shore Property, and the PipeWrench Lake property in Saskatchewan, located about 120 km south of the Athabasca Basin. Pipewrench Lake is hosted in the same Wollaston domain geology that forms the basement rock to many of the rich underground uranium mines in the Basin -- but here the domain is at surface. Several historical drill holes have intersected over one pound uranium per ton over significant widths. To receive updates and recommendations, please sign up at our website. Click here to view the Corporate Presentation (PDF, 4.66 MB) Click here to view the Corporate Brochure (PDF, 1.24MB)
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