News Releases
| April 29, 2009 Uracan Completes Expanded Winter Drill Program In Quebec | |
| Vancouver, Canada - Uracan Resources Ltd. (the "Company") Uracan Resources is pleased to announce it has completed its winter 2009 drill program at the company's 100% owned North Shore Property, located within Uracan's 100% owned 1,000 km2 North Shore Uranium Property in Quebec. The initial 3,000 meter winter 2009 diamond drill program was extended to a total of 4,819 meters. Drilling was focused on generating additional mineralization up dip and along strike from the existing Double S NI 43-101 inferred resource of 74.2 million tonnes at an average grade of 0.012% U3O8 containing 9.06 million kilograms (20 million pounds) of uranium. Total NI 43-101 compliant inferred resources to date on the property are approximately 154.9 million tonnes at an average grade of 0.012% U3O8 containing 18.48 million kilograms (40.73 million pounds) of uranium using a 0.009% cutoff. Please refer to the February 26, 2009 news release for further information. The winter 2009 program explored areas off of the main uranium radiometric anomalies to determine the potential of additional uranium mineralization extending under shallow overburden cover. The initial drilling on Double S was focused on areas of uranium radiometric highs, however results from the initial drill program indicated there was additional uranium mineralization potential away from the main radiometric anomalies. After receiving the assays from the current winter program an appropriate summer drill program will be determined. For further information please contact: Gregg J. Sedun President and CEO 604-682-5580 Marc Simpson Exploration Manager 604-682-5580 Keith Schaefer Vanguard Shareholder Solutions 604-608-0824 The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. The foregoing information may contain forward-looking statements relating to the future performance of Uracan Resources Ltd. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in the Company's filings with the appropriate securities commissions. | |
