News Releases
| May 07, 2009 Uracan Expands Double S Mineralization West Of Inferred Resource Area | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| HIGHLIGHTS: -181.5 meters of 147 ppm (0.015%) U3O8, 40.1 meters of 211 ppm (0.021%) U3O8 and 72 meters of 144 ppm (0.014%) U3O8 encountered in drilling -Drilling continues to expand mineralization adjacent to Double S inferred resource area. Vancouver, Canada -- Uracan Resources Ltd. (the "Company") is pleased to announce that it has received the initial assay results from its ongoing diamond drill program on the Double S Zone within the 990 km2 North Shore Property in Quebec. Mineralization on the property continues to occur as broad multiple stacked mineralized zones hosted by granites and pegmatites, with drilled widths ranging from 3 meters to 181.5 meters and uranium grades ranging from 100 parts per million (ppm) (0.01%) to 1020 ppm (0.1%) U3O8. Double S Drilling A total of 4,819.1 meters in 21 diamond drill holes was completed during March and April of this year. Results for 17 of the 21 drill holes have been received to date. The drill program was expanded from an initial 3,000 meter program due to the success of the drill program. This diamond drill program was designed to determine the up dip and strike extension potential for uranium mineralization outlined in the inferred resource of the Double S Zone. This drilling was successful in outlining additional mineralization in the Double S Zone. Drilling was completed over an area of approximately 1000 meters by 250 meters, predominantly to the west and north of the 2007 drilling and resource estimate area of the Double S Zone. Noteworthy results from the assays received to date include 72.15 meters grading 144ppm (0.014%) U3O8 in SS-09-78, 38.75 meters grading 143 ppm (0.014%) U3O8 and 30.1 meters grading 231 ppm (0.023%) U3O8 in SS-09-80, and 40.3 meters grading 211 ppm (0.021%) U3O8 was noted in SS-09-72. In addition, the 2007 drill hole SS-07-62 was extended during the 2009 drill program. The main mineralized zone noted in this hole (156 meters of 152ppm (0.015%) U3O8) was still open to depth as this hole finished in mineralization during the 2007 drill program. This hole was extended to determine the depth of mineralization here. The original mineralized zone was expanded to a total of 181.5 meters drilled length, containing 147 ppm (0.015%) U3O8. This is the widest interval of mineralization encountered to date on the property. In addition another interval containing 17.95 meters of 144 ppm (0.014%) U3O8 was noted in this hole. A summary of selected mineralized zones is included below:
Drill hole location information and a complete listing of assay results will be posted on the Uracan website: www.uracan.ca QA/QC Samples were shipped by company personnel in sealed containers to Chemex Laboratories of Val D'Or, Quebec for analysis. Chemex is the laboratory facility used for all assays from the North Shore Property program. Samples are weighed and catalogued before sample preparation. The samples are crushed to 70% less than 2mm, split and the pulverized to 85% of the sample being less than 75 µm. All samples are assayed using ICP-MS with analysis completed for 47 elements. A QA/QC program was implemented as part of the sampling procedure for the drill program. Field duplicates and field blanks were inserted into the sample stream with at least one blank and one duplicate inserted per group of 40 samples sent to the laboratory. Uracan does not have a uranium standard to insert into the sample stream at this time. The laboratory also has an extensive in house QAQC system as part of their quality control system. Uracan Resources Ltd. is a publicly-listed uranium exploration company, exploring for shallow, bulk tonnage style of uranium mineralization in Canada. Uracan is led by a team of proven exploration and mine entrepreneurs and mine-builders. The information in this news release has been prepared and reviewed by Marc Simpson, P. Geo., the Company's Qualified Person under National Instrument 43-101 standards. 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 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts 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. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
