News Releases
| June 18, 2009 Uracan Launches Summer Drilling Program and Extensvie Field Work on its 100% Owned North Shore Properties | |
| Vancouver, Canada -- Uracan Resources Ltd. (the "Company") is pleased to announce that further to its news release dated June 4, 2009, a multi-phased exploration program has begun at its 100% owned North Shore property in Quebec, Canada. A 4000 meter drill program will further test the mineralization around the known Double S resource in the Turgeon Lake Intrusive Complex (TLIC). The spring 2009 program focused on the area directly west of the discovery hole in the Double S zone. The new multihole program will focus on the southeastern area of the zone. The combined NI 43-101 compliant inferred resource at the Double S, Middle and TJ zones totals 154.9 million tonnes with an average grade of 0.012% U3O8. This combined resource contains approximately 18.48 million kilograms (40.73 million lbs.) of uranium using a 0.009% cut-off. At Costebelle, the work consists of trenching, channel sampling, mapping and prospecting in previously unexplored areas of the claim group and around existing discoveries. A limited work program in 2008 outlined at least 5 new discoveries. The 2009 summer work will last a full three months, with follow up drilling planned in areas showing significant uranium mineralization. The Costebelle claims lie from 65 -- 120 km east of the Turgeon Lake Intrusive Complex (TLIC) that hosts Uracan's 43-101 compliant inferred resources. Mineralization at Costebelle appears to be hosted by mineralized pegmatite and granite bodies. The scale of the intrusive bodies at Costebelle is similar to that seen at the TLIC. Highlights of the 2008 program include channel samples of 57 meters of 0.02% U3O8, 19 meters of 0.019% U3O8 and 8 meters of 0.033% U3O8. About Uracan 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 proven team of 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 & CEO 604-682-5580 David Fry Corporate Development 778-330-2759 Keith Schaefer Vanguard Shareholder Solutions 604-608-0824 Marc Simpson Exploration Manager 604-682-5580 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. | |
