Uracan Resources Ltd.

Published : September 19th, 2008

NEAR SURFACE URANIUM MINERALIZATION DISC =?iso-8859-1?Q?OVERED_CLOSE_TO_URACAN=92S_DOUBLE_S_RESOURCE

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Keywords :   Canada | Diamond | Uranium |
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NEAR SURFACE URANIUM MINERALIZATION DISCOVERED CLOSE TO URACAN�S DOUBLE S RESOURCE, QUEBEC

TJ, Middle Zones Expanded At North Shore Property


September 18, 2008
Trading Symbol: (TSX � V): URC


HIGHLIGHTS:

  • Additional wide zones of uranium mineralization discovered at Middle Zone (up to 72 m), located 1.5 km southwest of Double S inferred resource of 19.96 million pounds of U3O8 over a 1.4 km strike length.
  • Additional zones of up to 23.8 m of U3O8 mineralization discovered at TJ Zone in series of stacked mineralized zones, 3 km northwest of main Double S zone
  • Ongoing drilling continues to expand areas of near surface mineralization


Vancouver, Canada � Uracan Resources Ltd.
(the �Company�) is pleased to announce that additional drilling at the TJ Zone and Middle Zone discoveries continues to identify significant widths of near surface uranium mineralization contained within multiple stacked zones. Ongoing drilling is intended to expand these zones further during the 2008 program. The TJ and Middle Zones occur within the main Double S trend.

The combined drill defined strike length of the three zones is now 3.9 km and remains open along strike in both directions. Management hopes to connect these zones with ongoing drilling during the remainder of the 2008 program.

The TJ Zone is three kilometers northwest of the Double S Zone, which hosts an NI 43-101 compliant inferred resource of 19.96 million pounds of uranium, and 1.4 kilometers northwest of the Middle Zone. Once all final assay results from the TJ Zone and Middle Zone have been received, Uracan plans to complete a revised resource estimate for the combined areas of mineralization. Please refer to the Uracan Resources Ltd. website www.uracan.ca for maps and drill holes outlining the locations of the various mineralized zones.

Mineralization in the Middle zone and TJ zone of the North Shore Property continues to occur in multiple stacked mineralized zones hosted by granites and pegmatites, with drilled widths and grades of up to 72.25 meters of 0.012% U3O8.

A total of 6,132 meters of drilling in 32 Diamond drill holes has been completed to date during the summer 2008 drilling campaign. Overall in 2008, a total of 18,324 meters in 91 drill holes has been completed. Further results for additional holes of the summer 2008 drilling are pending from the assay laboratory.

Middle Zone


Drilling activity completed on the Middle Zone, during the summer program, included 2,532 meters in 12 new Diamond drill holes and one drill hole (MZ-08-12) was extended to define mineralization in that hole. To date, 33 drill holes and 7,071.5 meters have been drilled this year on the Middle zone. Results from the 21 drill holes completed during the winter 2008 program were previously released.

Multiple mineralized zones were encountered in the summer drilling program, with up to 72.25 meters grading 0.012% U3O8 encountered in MZ-08-23, 70.3 meters grading 0.013% U3O8 encountered in MZ-08-31, and 60.8 meters of 0.013% U3O8 in MZ-08-27. Numerous discrete mineralized zones within each drill hole continue to be encountered in the Middle zone.

Detailed surface mapping and Diamond drilling is continuing in this area to better define the nature and extent of mineralization.

TJ Zone


A total of 3,600 meters of Diamond drilling in 19 holes has been completed on the TJ zone since the start of the summer drill program. This drilling is ongoing on the TJ zone, and to date, 26 drill holes and 5,000 meters have been drilled on the TJ zone. Results for the additional drill holes on TJ are pending.

Multiple mineralized zones were encountered in the summer drilling program, with up to 23.8 meters grading 0.010% U3O8 encountered in TJ-08-09 and 16.5 meters of 0.012% U3O8 in TJ-08-12. Similar to the Middle zone, numerous discrete mineralized zones within each drill hole continue to occur at the TJ zone.

Detailed surface mapping and Diamond drilling is continuing in this area to better define the nature and extent of mineralization.

Drill Results Summary

Selected drill results from the 2008 summer drill program are outlined below. A table with the full drill results and drill hole locations will be available shortly on the website at www.uracan.ca under PROJECTS � North Shore:

URC.bmp

2008 Summer Exploration Program


The summer 2008 exploration program is proceeding with expected completion by late October. Diamond drilling is ongoing on a number of targets on the Turgeon Lake Intrusive Complex (TLIC), and reconnaissance mapping and sampling of numerous airborne radiometric anomalies are underway on other areas of the property which have received little or no previous exploration to outline additional drill targets. Assay results for the exploration program are pending.

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. 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 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
Chief Executive Officer
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.
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

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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