Additional wide mineralized zones of uranium drilled in Quebec - including 156 meters of 0.015% U(3)O(8)



    Trading Symbol: (TSX - V): URC

    HIGHLIGHTS:

    
    -   Significant thicknesses and grades in multiple drill holes
    -   Substantial uranium mineralization encountered in new areas opens up
        many additional targets
    

    VANCOUVER, Feb. 28 /CNW/ - Uracan Resources Ltd. (the "Company") is
pleased to announce that it has received all remaining assay results from the
2007 portion of the ongoing diamond drilling program on the Double S
occurrence within the 1,075 Km(2) North Shore Uranium Property in Quebec.
Mineralization on the property continues to occur as broad multiple stacked
mineralized zones hosted by granites and pegmatites, with drilled widths up to
156 meters wide and grades ranging from 0.010% to 0.049% U(3)O(8).
    Several of these mineralized intervals occur in new areas of the
mineralized trend not previously known to host significant uranium
mineralization. The significance of this is being investigated, as it may open
nearby areas at Double S, and other areas throughout the 225 km(2) Turgeon
Lake Intrusive Complex - areas previously thought to have lower prospectivity
- as potential drill targets. Please refer to the attached assay table for
details on the mineralization.

    Double S Drilling
    -----------------
    Results for the last 3,000 meters of drilling of the 2007 program -
10 diamond drill holes - have been received. The drill holes were planned to
further assess the strike length and down dip potential of the uranium
mineralization seen at surface at the Double S occurrence.
    Significant results from the recent drill program include:  0.015%
U(3)O(8) over 156 meters in SS-07-62, 0.018% U(3)O(8) over 107.25 meters in
SS-07-63, and 0.015% U(3)O(8) over 80.25 meters in SS-07-68.
    The mineralization noted in SS-07-62, SS-07-63 and SS-07-68 shows that
significant mineralization occurs in areas with a less intense radiometric
signature, as these holes drilled areas that were considered to be less
prospective secondary target areas. This weaker signature is thought to be
caused by thicker overburden cover off the margins of the stronger
radiometrics, which is often coincident with very good outcrop exposure.
Management believes it greatly increases the opportunity of finding widely
disseminated uranium mineralization of a similar grade across other areas of
the 225 km(2) Turgeon Lake Intrusive Complex.
    SS-07-65 and SS-07-69 also confirm that broader zones of mineralization
extend to the northwest further than previously modeled. Previous drilling
indicated that mineralization thinned as it went to the northwest, however the
main Double S mineralized trend is now open to the northwest as the
mineralization occurs further to the west than previously thought.
Mineralization is also open to the south and down dip.
    Many of the 2007 drill holes in this and previous news releases confirm
that multiple mineralized zones occur along the entire 1500 meter current
mineralized trend, which is open along strike in two directions and open down
dip. These mineralized zones are variable in thickness but much of the
drilling encountered several parallel to sub parallel mineralized zones.
    The northeast dip of the mineralization is modeled based on surface
mapping of outcrop exposures and the diamond drill holes completed to date.
Generally the mineralization has a shallow northeast dip, but this dip
steepens locally. Modeling of the mineralized zone at Double S is ongoing.
    A summary of selected mineralized zones is included below:

    
    Area        Drill Hole   From (m)   To (m)  Length (m)   U ppm  U(3)O(8)%
    -------------------------------------------------------------------------
    Double S      SS-07-60     125.3    132.8         7.5      99.9    0.012
    -------------------------------------------------------------------------
    Double S      SS-07-60     404.3    418.6        14.3     110.2    0.013
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Double S      SS-07-61       271    286.9        15.9     111.4    0.013
    -------------------------------------------------------------------------
    Double S      SS-07-61       308      326          18     105.8    0.012
    -------------------------------------------------------------------------
    Double S      SS-07-61     409.5      417         7.5     88.75    0.010
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Double S      SS-07-62        23    32.05        9.05     216.4    0.026
    -------------------------------------------------------------------------
    Double S      SS-07-62      57.5       83        25.5     198.4    0.023
    -------------------------------------------------------------------------
    Double S      SS-07-62        95      251         156     128.7    0.015
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Double S      SS-07-63       1.5     10.5           9     150.2    0.018
    -------------------------------------------------------------------------
    Double S      SS-07-63      18.5     45.5          27     108.4    0.013
    -------------------------------------------------------------------------
    Double S      SS-07-63      90.5      116        25.5     140.9    0.017
    -------------------------------------------------------------------------
    Double S      SS-07-63    134.75      242      107.25     152.4    0.018
    -------------------------------------------------------------------------
    Double S      includes     171.5      185        13.5     314.8    0.037
    -------------------------------------------------------------------------
    Double S           and       206    210.5         4.5     366.7    0.043
    -------------------------------------------------------------------------
    Double S           and     216.5      224         7.5       417    0.049
    -------------------------------------------------------------------------
    Double S      SS-07-63       251    294.5        43.5      99.1    0.012
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Double S      SS-07-64       110    117.5         7.5     94.96    0.011
    -------------------------------------------------------------------------
    Double S      SS-07-64     240.5    252.5          12      94.4    0.011
    -------------------------------------------------------------------------
    Double S      SS-07-64     274.3    281.8         7.5     207.5    0.024
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Double S      SS-07-65         3     21.5        18.5     137.2    0.016
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Double S      SS-07-65      47.6     63.5        15.9      96.6    0.011
    -------------------------------------------------------------------------
    Double S      SS-07-65     234.1    244.3        10.2      84.5    0.010
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Double S      SS-07-66      32.7       41         8.3     135.4    0.016
    -------------------------------------------------------------------------
    Double S      SS-07-66     156.5      171        14.5      82.9    0.010
    -------------------------------------------------------------------------
    Double S      SS-07-66     227.4      239        11.6     102.6    0.012
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Double S      SS-07-67       3.1     10.1           7     106.7    0.013
    -------------------------------------------------------------------------
    Double S      SS-07-67      42.7       53        10.3      95.6    0.011
    -------------------------------------------------------------------------
    Double S      SS-07-67     149.7    162.2        12.5      99.3    0.012
    -------------------------------------------------------------------------
    Double S      SS-07-67     187.7      206        18.3     108.0    0.013
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Double S      SS-07-68     97.95    123.5       25.55      98.6    0.012
    -------------------------------------------------------------------------
    Double S      SS-07-68       155   235.25       80.25     129.1    0.015
    -------------------------------------------------------------------------
    Double S      SS-07-68     257.9      263         5.1      98.9    0.012
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Double S      SS-07-69       3.5     12.5           9     192.5    0.023
    -------------------------------------------------------------------------
    Double S      SS-07-69        23    40.95       17.95     107.7    0.013
    -------------------------------------------------------------------------
    Double S      SS-07-69        59       92          33     118.7    0.014
    -------------------------------------------------------------------------
    

    Drill location and a listing of assay results will be posted at
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 (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.
    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.

    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.





For further information:

For further information: Gregg J. Sedun, President and CEO, (604)
682-5580; Marc Simpson, Exploration Manager (604) 682-5580; Keith Schaefer,
Vanguard Shareholder Solutions, (604) 608-0824

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Uracan Resources Ltd.

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