Uracan intercepts additional uranium mineralization, increases strike length of Double S Zone on North Shore Property, Quebec



    Trading Symbol: (TSX - V): URC

    HIGHLIGHTS:

    
    -   significant thicknesses (up to 104.2 meters) of uranium
        mineralization in multiple drill holes

    -   strike length increased from 725 meters to over 1,000 meters and
        remains open to south and down dip, narrows to the north.
    

    VANCOUVER, Oct. 30 /CNW/ - Uracan Resources Ltd. (the "Company") is
pleased to announce that it has received additional assay results from the
ongoing diamond drilling program on the Double S Occurrence within the 900
Km(2) North Shore Uranium Property in Quebec. Mineralization has been extended
from the previously announced 725 meter strike length to over 1,000 meters of
strike length defined by diamond drilling.
    Significant results from the recent drill program include: 0.023%
U(3)O(8) over 22 meters in SS-07-30, 0.025% U3O8 over 15 meters in SS-07-35,
0.025% U3O8 over 6.5 meters within 104.2 meters of 0.012% U3O8 in SS-07-41.
    The drilling completed to date outlines the continuation of a series of
northeast dipping mineralized zones in the Double S area over the currently
defined strike length of 1,000 meters. This mineralization is open along
strike to the south as well as down dip. Mineralization continues to the north
but appears to narrow.
    Several areas of broad mineralization were encountered to the south, with
the potential for additional mineralization in this area either as extensions
of the main zone or as new areas of mineralization. Drilling is ongoing to
define further mineralization in the southern area of the Double S Zone.

    Double S Drilling
    -----------------
    An additional 3,594 meters of diamond drilling in 15 drill holes has been
completed on the Double S occurrence since the previous August 2 news release.
The drill holes were planned to determine the strike length and down dip
potential of the uranium mineralization seen at surface. The upper portion of
SS-07-28 was included in the August 2 news release, and additional
mineralization encountered in the deeper part of this hole is included below.
    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 can be
locally steeper.
    A summary of significant mineralized zones is included below:

    
    -------------------------------------------------------------------------
              Drill    From    To Length U(3)O(8) From  To  Length   U
      Area     Hole     (m)    (m)   (m)    %   (feet)(feet)(feet)(lbs/t)
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
                                                                         pre-
                                                                         vio-
                                                                        usly
                                                                        rele-
    Double S SS-07-28    9.1   18.5   9.4 0.015  29.9  60.7  30.8  0.29 ased
    -------------------------------------------------------------------------
                                                                         pre-
                                                                         vio-
                                                                        usly
                                                                        rele-
    Double S SS-07-28   80.9  145.6  64.7 0.012 265.4 477.7 212.3  0.24 ased
    -------------------------------------------------------------------------
    Double S SS-07-28 241.35 247.35     6 0.012 791.8 811.5  19.7  0.23
    -------------------------------------------------------------------------
    Double S SS-07-28    290  297.5   7.5 0.022 951.4 976.0  24.6  0.43
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Double S SS-07-30   17.5   39.5    22 0.023  57.4 129.6  72.2  0.45
    -------------------------------------------------------------------------
    Double S SS-07-30   98.1  135.6  37.5 0.016 321.8 444.9 123.0  0.33
    -------------------------------------------------------------------------
    Double S SS-07-30  149.1  155.1     6 0.013 489.2 508.9  19.7  0.26
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Double S SS-07-31      6  58.15 52.15 0.014  19.7 190.8 171.1  0.28
    -------------------------------------------------------------------------
    Double S SS-07-31   83.8   98.4  14.6 0.014 274.9 322.8  47.9  0.28
    -------------------------------------------------------------------------
    Double S SS-07-31  107.5  119.1  11.6 0.010 352.7 390.7  38.1  0.21
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Double S SS-07-32   96.5    115  18.5 0.011 316.6 377.3  60.7  0.22
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Double S SS-07-33      3     10     7 0.013   9.8  32.8  23.0  0.25
    -------------------------------------------------------------------------
    Double S SS-07-33  114.7  122.5   7.8 0.013 376.3 401.9  25.6  0.26
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Double S SS-07-34    1.5   21.2  19.7 0.013   4.9  69.6  64.6  0.26
    -------------------------------------------------------------------------
    Double S SS-07-34  125.6  132.5   6.9 0.014 412.1 434.7  22.6  0.27
    -------------------------------------------------------------------------
    Double S SS-07-34    152  159.8   7.8 0.015 498.7 524.3  25.6  0.30
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Double S SS-07-35   20.6   27.6     7 0.012  67.6  90.6  23.0  0.24
    -------------------------------------------------------------------------
    Double S SS-07-35   60.9     77  16.1 0.012 199.8 252.6  52.8  0.24
    -------------------------------------------------------------------------
    Double S SS-07-35   91.8   97.3   5.5 0.013 301.2 319.2  18.0  0.26
    -------------------------------------------------------------------------
    Double S SS-07-35  120.5  170.5    50 0.011 395.3 559.4 164.0  0.22
    -------------------------------------------------------------------------
    Double S SS-07-35  180.5  195.5    15 0.025 592.2 641.4  49.2  0.50
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Double S SS-07-36     15   19.5   4.5 0.019  49.2  64.0  14.8  0.38
    -------------------------------------------------------------------------
    Double S SS-07-36   57.5   65.4   7.9 0.011 188.6 214.6  25.9  0.21
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Double S SS-07-37     40   41.5   1.5 0.021 131.2 136.2   4.9  0.42
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Double S SS-07-38     76   77.5   1.5 0.011 249.3 254.3   4.9  0.21
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Double S SS-07-39  197.5  207.2   9.7 0.010 648.0 679.8  31.8  0.20
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Double S SS-07-40  199.8  200.6   0.8 0.120 655.5 658.1   2.6  2.41
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Double S SS-07-41   13.7   40.9  27.2 0.010  44.9 134.2  89.2  0.21
    -------------------------------------------------------------------------
    Double S includes   27.8     32   4.2 0.020  91.2 105.0  13.8  0.40
    -------------------------------------------------------------------------
    Double S SS-07-41   73.9   91.6  17.7 0.012 242.5 300.5  58.1  0.23
    -------------------------------------------------------------------------
    Double S SS-07-41  102.9    139  36.1 0.014 337.6 456.0 118.4  0.28
    -------------------------------------------------------------------------
    Double S includes    111  114.3   3.3 0.027 364.2 375.0  10.8  0.53
    -------------------------------------------------------------------------
    Double S   and     117.8  123.6   5.8 0.022 386.5 405.5  19.0  0.44
    -------------------------------------------------------------------------
    Double S SS-07-41  155.8    260 104.2 0.012 511.1 853.0 341.9  0.23
    -------------------------------------------------------------------------
    Double S includes  176.7  183.2   6.5 0.025 579.7 601.0  21.3  0.50
    -------------------------------------------------------------------------
    Double S   and     256.7    260   3.3 0.033 842.2 853.0  10.8  0.66
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Double S SS-07-42  assays pending
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Double S SS-07-43  124.6  130.6     6 0.010 408.8 428.5  19.7  0.20
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Double S SS-07-44  155.2  162.7   7.5 0.012 509.2 533.8  24.6  0.24
    -------------------------------------------------------------------------
    

    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 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 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 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; OR Marc
Simpson, Exploration Manager, (604) 682-5580; Keith Schaefer, Vanguard
Shareholder Solutions Inc., (604) 608-0824, www.vanguardsolutions.ca

Organization Profile

Uracan Resources Ltd.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890