Uracan continues to expand Double S uranium mineralization
Wed Jun 10, 9:00 AM
ca.news.finance.yahoo.com
Trading Symbol: TSX-V: URC
VANCOUVER, June 10 /CNW/ - Uracan Resources Ltd. (the "Company") is pleased to announce that it has received all remaining assay results from its winter 2009 diamond drill program on the Double S Zone within the 990 km(2) North Shore Property in Quebec. Uranium mineralization on the property continues to occur as broad multiple stacked mineralized zones hosted by granites and pegmatites, with drilled widths ranging from 6 meters to 44.9 meters. Uranium grades range from 110 parts per million (ppm) (0.011%) to 161 ppm (0.016%) U3O8.
Double S Drilling
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A total of 4,819.1 meters in 21 diamond drill holes was completed during March and April of this year. Results for all drill holes have now been received. The drill program was expanded from an initial 3,000 meter program due to the success of the drill program. Up to 44.9 meters of 110 ppm (0.011%) U3O8 was noted in SS-09-86, further confirming that uranium mineralization continues to the north of the main Double S resource area.
A summary of selected mineralized zones is included below:
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Drill U U3O8 U3O8
Zone Hole From To Length ppm % ppm
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Double
S* SS-07-62* 95* 276.5* 181.5* 125* 0.015* 147*
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Double
S* SS-07-62* 293.0* 311.0* 18.0* 122* 0.014* 144*
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Double
S* SS-09-70* 71.9* 106.6* 34.7* 112* 0.013* 133*
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Double
S* SS-09-70* 138.8* 161.8* 23.0* 107* 0.013* 126*
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Double
S* SS-09-71* 15.3* 19.7* 4.5* 163* 0.019* 192*
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Double
S* SS-09-72* 164.3* 204.5* 40.3* 179* 0.021* 211*
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Double
S* Includes* 165.8* 178.3* 12.5* 438* 0.052* 516*
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Double sub-
S* includes* 173.3* 176.3* 3.0* 865* 0.102* 1020*
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Double
S* SS-09-73* 56.0* 72.0* 16.0* 112* 0.013* 133*
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Double
S* SS-09-76* 72.5* 90.6* 18.1* 115* 0.014* 136*
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Double
S* SS-09-77* 159.1* 171.5* 12.4* 87* 0.010* 103*
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Double
S* SS-09-78* 46.2* 118.3* 72.2* 122* 0.014* 144*
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Double
S* SS-09-80* 0.4* 39.2* 38.8* 121* 0.014* 143*
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Double
S* SS-09-80* 95.0* 110.0* 15.0* 88* 0.010* 104*
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Double
S* SS-09-80* 117.9* 128.4* 10.5* 282* 0.033* 333*
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Double
S* SS-09-80* 149.4* 179.5* 30.1* 196* 0.023* 231*
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Double
S* SS-09-81* 57.5* 84.5* 27.0* 109* 0.013* 128*
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Double
S* SS-09-82* 26.0* 38.5* 12.5* 81* 0.010* 96*
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Double
S* SS-09-82* 68.0* 140.0* 72.0* 98* 0.012* 115*
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Double
S* SS-09-82* 297.5* 308.0* 10.5* 91* 0.011* 107*
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Double
S* SS-09-83* 286.5* 292.5* 6.0* 102* 0.012* 120*
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Double S SS-09-86 132.5 141 8.5 137 0.016 161
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Double S SS-09-86 159.6 204.5 44.9 94 0.011 110
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Double S SS-09-86 303.5 309.5 6 94 0.011 111
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Double S SS-09-87 185.9 210.6 24.7 120 0.014 142
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* Denotes drill hole results previously released May 7, 2009
Drill hole location information and a complete listing of assay results
will be posted on the Uracan website: www.uracan.ca
QA/QC
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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 then pulverized to 85% of the sample being less than 75 (micro)m. 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.
Summer 2009 Work Program
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The summer 2009 work program on the North Shore Property will start in early June. Work will focus on two main areas of the property: Costebelle and the Double S trend. Further diamond drilling on the Double S Zone, Middle Zone and TJ Zone is planned to define additional mineralization. Based on results from this drilling an updated NI 43-101 compliant resource estimate will be completed once all results have been received later in 2009.
In addition, mapping and sampling of the Costebelle claims will define the size and grade of the mineralized zones outlined during field work in 2008. Prospecting for additional mineralization elsewhere on the Costebelle claim will also occur. Once results from this field work are received, follow up drilling is planned to further outline the mineralization in these areas. Fly camps will be set up in the various areas to allow crews to quickly determine the potential of the various targets.
French Language Website
-----------------------
Uracan is pleased to announce that the Company's website has been updated
and a French version of the website is now available. Please go to
www.uracan.ca for more information.
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 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.
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.
Contacts
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 |
