Trading Symbol: (TSX - V): URC
VANCOUVER, April 29 /CNW/ - Uracan Resources Ltd. (the "Company") Uracan
Resources is pleased to announce it has completed its winter 2009 drill
program at the company's 100% owned North Shore Property, located within
Uracan's 100% owned 1,000 km(2) North Shore Uranium Property in Quebec.
The initial 3,000 meter winter 2009 diamond drill program was extended to
a total of 4,819 meters. Drilling was focused on generating additional
mineralization up dip and along strike from the existing Double S NI 43-101
inferred resource of 74.2 million tonnes at an average grade of 0.012% U3O8
containing 9.06 million kilograms (20 million pounds) of uranium.
Total NI 43-101 compliant inferred resources to date on the property are
approximately 154.9 million tonnes at an average grade of 0.012% U3O8
containing 18.48 million kilograms (40.73 million pounds) of uranium using a
0.009% cutoff. Please refer to the February 26, 2009 news release for further
The winter 2009 program explored areas off of the main uranium
radiometric anomalies to determine the potential of additional uranium
mineralization extending under shallow overburden cover. The initial drilling
on Double S was focused on areas of uranium radiometric highs, however results
from the initial drill program indicated there was additional uranium
mineralization potential away from the main radiometric anomalies.
After receiving the assays from the current winter program an appropriate
summer drill program will be determined.
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