News Releases
| September 22, 2009 Uracan Continues To Expand The Double S Zone With Significant Mineralized Intercepts | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Highlights: meters and 120.3 PPM (0.012%) U3O8 over 74.15 meters Vancouver, Canada - Uracan Resources Ltd. (the "Company") is pleased to report on assay results from 9 of the 15 drill holes completed during its Summer 2009 diamond drill program at its 100% owned North Shore Project in Quebec. These assay results confirm the successful expansion of the Double S Zone along strike in the southeast. Mineralization at Double S remains open along strike and both updip and downdip from the areas of current drilling. Overall size of the Double S zone has increased to 1500 meters in length and up to 750 meters in width. Uranium mineralization on the property continues to occur as broad multiple stacked mineralized zones hosted by granites and pegmatites, with significant drilled widths ranging from 9 meters to 74.15 meters. Uranium grades range from 96 ppm (0.010%) to 345 ppm (0.035%) U3O8. Double S Drilling A total of 4,181.3 meters in 15 diamond drill holes was completed from June to September of this year. Uracan's summer drilling objective was achieved by expanding the Double S zone mineralization to the southeast. Of the 9 drill holes with returned assays, 100% of the holes have intercepted significant near surface mineralization. These drill length intersections include:
*Drill hole SS-09-97 has only partial results returned to date. Full results will be released once they have been received. Drill hole location information and a complete listing of assay results will be posted on the Uracan website: www.uracan.ca. An updated NI 43-101 compliant resource estimate, based on the new drilling completed in 2009, will be compiled once all results have been received later this year. Grandroy and Turgeon Est Drill results from Grandroy and Turgeon Est are pending and will be released once they have been received. 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 2 mm, split and then 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, field blanks and certified standards were inserted into the sample stream with at least one blank, one duplicate and one standard inserted per group of 40 samples sent to the laboratory. The laboratory also has an extensive in house QA/QC system as part of their quality control system. Uracan Resources Ltd. is a publicly-listed uranium exploration company, exploring for shallow, bulk tonnage style 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:
Neither 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 information relating to the future performance of the Company. Forward looking information is subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Such risks and other factors include, among others, the actual results of exploration activities, changes in world commodity markets or equity markets, the risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, title disputes, change in government and changes to regulations affecting the mining industry, and other risks and uncertainties detailed from time to time in the Company's filings with the Canadian securities administrators (available at www.SEDAR.com). Forward-looking statements are made based on various assumptions and on management's beliefs, estimates and opinions on the date the statements are made. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information contained herein. The Company undertakes no obligation to update forward-looking statements if these assumptions, beliefs, estimates and opinions or other circumstances should change, except as required by applicable law. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
