Uracan Resources Ltd.

Published : April 28th, 2008

Discovers New Uranium Mineralization at Double S and Johan Beetz

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URC.GIF

 


Suite 1115, Two Bentall Centre
555 Burrard Street,
Vancouver, B.C. V7X 1M8
Telephone: 604-682-5580 Fax: 604-682-5596
www.uracan.ca

 


URACAN DISCOVERS NEW URANIUM MINERALIZATION AT DOUBLE S AND JOHAN BEETZ




April 28, 2008
Trading Symbol: (TSX � V): URC

HIGHLIGHTS:

- New U3O8mineralization discovered at Johan Beetz zone;
- Additional new mineralization within the Double S trend discovered up to 3 kilometers west of main Double S zone


Vancouver, Canada � Uracan Resources Ltd. (the �Company�) is pleased to announce that it has received initial results from its 2008 winter diamond drill program on the Turgeon Lake Intrusive Complex (TLIC) part of the 1,075 Km2 North Shore Uranium Property in Quebec.

Two drill rigs were operating this winter. One drill was focused on expanding the Double S zone with the other drill focused on the reconnaissance drilling of new targets at the Johan Beetz Zone and other areas of the property.

Mineralization in the overall Double S trend and Johan Beetz zone of the North Shore Property continues to occur in multiple stacked mineralized zones hosted by granites and pegmatites, with drilled widths up to 60.3 meters of 0.014% U3O8.

Johan Beetz Zone � New Discovery

Drilling intersected multiple stacked zones of uranium mineralization, in this initial reconnaissance program, representing a new discovery. Located five kilometers to the southeast of Double S, several mineralized zones in the Johan Beetz area were encountered, ranging from 5.6 meters to 14.2 meters widths with grades ranging from 0.01% to 0.02% U3O8.

Stacked zones were found at depths ranging from 7 m to 200 m depth. Further drilling will focus on following these mineralized zones updip where they come to surface.

Management is encouraged that extensive mineralization was intersected on the first round of reconnaissance drilling. Additional drill results are pending from Johan Beetz.

Double S Trend � Mineralization extended

Reconnaissance drilling outside of the known main zone at Double S in the 2008 winter program confirmed two new separate zones of mineralization, ranging from 1300 � 2900 m NW of the main Double Zone. These new areas within the trend are known as the Middle Zone and TJ Zone. This drilling was conducted during the winter due to easier access through low areas between the various zones when the ground was frozen.

After spring break up, the company will continue to drill the Double S trend, with the intention to extend and potentially link up the areas of mineralization within the trend. Work is expected to restart in late May or early June on this and other areas of the trend.

Please refer to the Uracan website for maps outlining the locations of the drilling at
www.uracan.ca. Significant portions of the potential 6 kilometer long Double S trend remain to be drill tested, with potential for additional uranium mineralization within areas of the trend which have not been drilled.

The 2008 winter drill program consisted of 12,192 meters of drilling, with results for 4,557 meters received to date. Assay results will continue to arrive over the coming months from the 2008 winter program.

Selected assay results are included in the table below:

URC
Table.GIF

Drill location and a listing of assay results will be posted at
www.uracan.ca

Rock Bulk Density/Specific Density Test work

A total of 225 samples were submitted to TSL Laboratories of Saskatoon Saskatchewan for rock bulk density/specific gravity testing. The samples were from mineralized intervals throughout the Double S zone, with a range from low grade to high grade samples submitted. The density of the samples ranged from 2.39 g/cm2 to 3.09 g/cm2 with an average bulk density of 2.635 grams/cm2 determined from these 225 samples. These density analyses will be used as part of the ongoing resource modeling of the Double S zone.

QA/QC

Samples were shipped by company personnel in sealed containers to ALS Chemex Laboratories of Val D�Or, Quebec for analysis. ALS 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 �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.

For further information please contact


Gregg J. Sedun
President and CEO
604-682-5580

Marc Simpson

Exploration Manager
604-682-5580

Keith Schaefer

Vanguard Shareholder Solutions
604-608-0824

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.


















Uracan Resources
Vanguard Shareholder Solutions
Vanguard Shareholder Solutions (Vanguard) provides, for remuneration, corporate communications and investor relations services to the above mentioned client(s). The information contained in this email is based on existing disclosure documents or other publicly available information. You are encouraged to seek independent verification of any information that is important to your decisions. By responding to your inquiry neither Vanguard nor the above mentioned client(s) is offering securities or advising or soliciting the purchase or sale of securities.


Uracan Resources Ltd.

EXPLORATION STAGE
CODE : URC.V
ISIN : CA91688U2002
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Uracan Res. is a gold and uranium exploration company based in Canada.

Uracan Res. holds various exploration projects in Canada.

Its main exploration properties are PIPEWRENCH, NORTH SHORE, PONTBRIAND and COSTEBELLE in Canada.

Uracan Res. is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 308.3 millions as of today (US$ 246.5 millions, € 223.9 millions).

Its stock quote reached its lowest recent point on December 18, 2015 at CA$ 0.01, and its highest recent level on October 28, 2021 at CA$ 7.31.

Uracan Res. has 105 940 000 shares outstanding.

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Corporate Presentations of Uracan Resources Ltd.
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1/22/2008(Pipewrench)Significant Trench Results up to 0.122% from Pipewr
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8/27/2008Lundin Updates Uracan Resources
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4/28/2008Discovers New Uranium Mineralization at Double S and Johan B...
4/8/2008Winston Updates Uracan Resources (URC, TSX)
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5/17/2007Significant near surface uranium mineralization intersected ...
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