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PRESS RELEASE
URACAN
DISCOVERS 12 METERS OF 0.123% U3O8 ON ITS 100% OWNED COSTEBELLE CLAIMS
November
25, 2009
TSX-V: URC
HIGHLIGHTS:
- Discovery of additional areas of significant uranium mineralization on Costebelle Claims
- A4 zone extended to 1,500 meters potential strike length, remains open
and includes 12 meters grading 0.123% (1,233 ppm
or 2.47 lbs/t) U3O8
Vancouver, Canada - Uracan Resources Ltd.
(the "Company") announces it has discovered additional areas of
significant uranium mineralization on the Costebelle
claim group of the North Shore Property in Quebec. Additionally, many of
the mineralized zones discovered during the 2008 Costebelle
exploration program have been extended along strike.
Results include 12 meters grading 0.123% (1,233 ppm
or 2.47 lbs/t) U3O8 (A4 Zone) and 6.5 meters of 0.074% (735 ppm or 1.47 lbs/t) U3O8 (H3 Zone) in saw channel
samples. Please refer to the sections below for more details. The
mineralized zones at Costebelle are generally
open in all directions as channel sampling was limited to areas of
existing outcrop exposure, with shallow overburden cover overlaying large
areas of the targeted airborne anomalies.
Costebelle C Claim Group - A4 Zone
During the initial reconnaissance exploration program in 2008 the A4 zone
was discovered, with channel sample widths and grades of up to 57 meters
of 0.021% (210 ppm or 0.42 lbs/t) U3O8. The
2009 work program followed up the 2008 results with a mapping and
sampling program to further define strike lengths and mineralization in
the area.
The 2009 exploration program in the A4 zone area consisted of a
combination of mapping, scintillometer surveys
and rock saw channel sampling. The A4 zone is located approximately 65
kilometres northeast of the Double S, TJ and Middle Zones. The
mineralization outlined in the A4 area in 2008 has been extended to a
currently defined strike length of 200 meters with results of up to 12
meters of 0.123% (1233 ppm or 2.47 lbs/t) U3O8.
Selected results are listed in the table below.
This mineralization occurs within a pegmatite dyke or series of dykes
with an overall potential strike length of at least 1,500 metres (1.5 km)
based on mapping and scintillometer surveys
over the strike extensions of the zone. This pegmatite dyke ranges from
50 to 150 meters in width based on geological mapping. This pegmatite
body remains open along strike and to depth. Selected intervals from the
A4-Zone5 area are outlined in the tables below:
Full
Article
For more information, please contact:
Gregg J. Sedun
Chairman & CEO
Tel: 604-682-5580
David Fry
Corporate Development
Tel: 778-330-2759
Marc Simpson
Exploration Manager
Tel: 604.682.5580
Keith Schaefer
Vanguard Shareholder Solutions
Tel: 604-608-0824
Toll free: 866.898.0824
www.uracan.ca
info@uracan.ca
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.
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