URACAN TRIPLES STRIKE LENGTH OF
DOUBLE S ZONE ON
NORTH SHORE PROPERTY, QUEBEC; WHICH REMAINS OPEN
August 2, 2007
Trading Symbol: (TSX-V): URC
-strike length increased from 200 meters to 725 meters and
remains open and down dip.
-geological mapping and radiometrics indicates potential multi-kilometer strike
-drilling indicates 2 parallel, shallow dipping, stacked mineralized structures
-8 new holes reported; drilling ongoing at Double S
Vancouver, Canada � 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 Km2 North Shore Uranium Property in Quebec. Mineralization has
been extended from the initial 200 meter strike length to over 725 meters of
strike length defined by diamond drilling. This mineralization is open along
strike in both directions and at depth.
Significant results from the recent drill program include: 0.036% U3O8 over
24.3 meters (0.72 lbs/ton over 79.7 feet) within a 107.3 meter interval grading
0.018% U3O8 (0.37 lbs/ton over 352 feet) - (SS-07-29) and 0.025% U3O8 over 17.6
meters (0.5 lbs/ton over 56.8 feet) and 0.018% U3O8 over 26.2 meters (0.35
lbs/ton over 86 feet) - (SS-07-26).
In addition, the extension of hole SS-07-23 expanded the mineralized zone
previously announced in the May 17, 2007 news release. The mineralized
intervals has been increased to a total of 159.8 meters of 0.022% U3O8 (524
feet of 0.45 lbs/ton) from the previously announced 124 meters of 0.025% U3O8
(406.8 feet of 0.5 lbs/ton U3O8).
The drilling completed to date outlines at least two shallow northeast dipping
mineralized zones in the Double S area over the currently defined strike length
of 725 meters. This mineralization is open along strike to the north and to the
south as well as down dip. Drilling is ongoing to define further mineralization
within the Double S Occurrence.
Scintillometer surveys, mapping and prospecting are continuing to define
further targets within airborne radiometric anomalies in the Double S area. This
field work indicates the potential for almost 6 kilometers of total strike
length in the overall Double S area. Assays from the field work along strike are pending.
Double S Drilling
An additional 2,145 meters of diamond drilling in 8 drill holes has been
completed on the Double S occurrence since the previous May 17 news release.
The drill holes were planned to determine the down dip potential of the uranium
mineralization seen at surface. The shallow northeast dip of the mineralization
is modeled based on surface mapping of outcrop exposures and the diamond drill
holes completed to date.
In the new holes, SS-07-29 graded, from surface, 0.036% U3O8 over 24.3 meters
within a 107.3 meters interval grading 0.018% U3O8. The mineralization seen in
SS-07-29, a scissor hole to SS-07-23 confirms the wide intervals and grades of
the zones seen in SS-07-23.
SS-07-26 encountered two mineralized zones. The first starting from 74.2 meters
down hole graded 0.025% U3O8 over 17.6 meters. The second starts at 115.3
meters down hole and grades 0.018% U3O8 over 26.2 meters.
SS-07-24 encountered 40.1 meters of 0.013% U3O8 from surface, including 9
meters of 0.023% U3O8. A second mineralized zone was encountered starting at
154.6 meters down hole grading 0.016% U3O8 over 19.6 meters.
SS-07-28 drilled 64.7 meters grading 0.012% U3O8 starting at 80.9 meters down
hole. This mineralization is a broad zone of continuous uranium mineralization
across the entire 64.7 meter interval. This drill hole is up dip from SS-07-26.
The extension of hole SS-07-23 expanded the uranium mineralization encountered
in the initial 125 meters (0.025% U3O8 over 124 meters including 0.04% U3O8
over 40 meters) to a total of 0.022% U3O8 over 159.8 meters. A second
mineralized zone was intersected starting at 289.2 meters grading 0.017% U3O8
over 19.8 meters, which appears to be parallel to the main zone above it
The extension of drill hole SS-07-22 expanded the mineralization seen in the
upper 125 meters of the drill hole to a total of 106.3 meters grading 0.012%
U3O8. In addition a second mineralized zone was encountered in the drilling,
starting at 254 meters down hole. A total of 10.6 meters grading 0.012% U3O8
was encountered in this second zone.
SS-07-25 and SS-07-27 intercepted narrower intervals of uranium mineralization.
SS-07-27 contained a large number of gneiss xenolith inclusions which were not
mineralized. This hole was drilled on the same section as SS-07-26 and 28.
SS-07-25 appears to have later unmineralized dykes cross cutting the
mineralized zone at this location.
A summary of significant mineralized zones is included below:
Drill hole location information and a complete listing of assay results will be
posted on the Uracan website : www.uracan.ca
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 �m. All samples are assayed using ICP-MS with analysis completed for 47
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 please contact:
Investor Relations,Vanguard Shareholder Solutions
Tel:(604) 608-0824 or 1 866-898-0824
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