Uracan Resources Ltd.

Published : May 17th, 2007

Reinhard comments on Uracan discovery

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Growth Stocks Weekly

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Publisher:  Diversified Financial Solutions   ~   Since: May, 1995   ~   Editor: Richard Reinhard   ~   E-Mail: mailto:rreinhard@shaw.ca

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Performance: Year ended April 1996 116.9%; 1997 28.1%; 1998 36.4%; 1999 39.4%; 2000 180.9%; 2001 -50.5%; 2002 18.7%; 2003 28.8%; 2004 166.7%; 2005 28.2%; 2006 153.3%

 

May 17, 2007

 

_______________________________________________________________________

Uracan Resources (URC-TSXv)



Editor's comments: Uracan is exploring for Uranium in Canada, specifically targeting shallow deposits with large tonnage potential. These types of deposits are cheap to acquire, cheap to drill and cheap to mine.

Within Uracan�s North Shore Property work the results of the first phase 58 drill holes are being released with highly diseminated low-grade near-surface mineralization, including a newly discovered zone. Several areas remain open to depth. If we only assume a .02% U3O8 grade, that's ..44 pounds per tonne rock valued today at over US$50 per tonne, with the potential added benefit of low-cost extraction using near-surface methods. That�s like pulling 2 grams per tonne gold without going underground whereas 1 gram per tonne is usually sufficient, given enough of it! And they�re getting double this near surface in one zone, with an indicated 2-1/2 km strike length. This looks to be a major discovery.

These types of grades could be highly lucrative with the price of U3O8 now well over US$100 per pound. Most analysts believe the price is only going higher as demand is forecast to exceed supply for many years to come. Recent industry analysts suggest US$200+ per lb is in the cards. During the last commodity bull market in the 1970�s, adjusted for inflation, U3O8 hit highs of over US$115 per pound, matching the latest contract price. We believe the company�s strategy and backer Endeavour Financial�s strategic record offers investors an opportunity to hitch onto another early stage winner.

Website:
www.uracan.ca



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Uracan Resources
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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, € 215.9 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.
6/1/2009Junior Mining Stock Report interviews Uracan CEO
2/11/2009 updates investor presentation
In the News and Medias of Uracan Resources Ltd.
1/13/2009Brien Lundin updates Uracan Resources
Financings of Uracan Resources Ltd.
10/30/2009increases private placement to $5 million
Project news of Uracan Resources Ltd.
4/2/2014Uracan/UEX report uranium mineralization on the Black Lake P...
1/19/2012Please Visit Uracan Resources Ltd. at Booth #805 at the Vanc...
3/1/2011(Costebelle)BEGINS WINTER DRILLING CAMPAIGN ON ITS 100% OWNED COSTEBELLE...
9/9/2009(North Shore)Uracan - Grandroy Drilling Commences
8/26/2009(North Shore)Confirms High-Grade Uranium Zone
6/19/2009(North Shore)Launches summer drilling program and extensive field work
6/10/2009(North Shore)Continues to expand double S uranium Mineralization
2/26/2009(North Shore)URACAN DOUBLES TOTAL NEAR SURFACE NI 43-101 COMPLIANT INFERR...
1/13/2009(North Shore)DISCOVERS THIRD URANIUM TARGET IN QUEBEC
11/29/2008(North Shore)MAKES NEW URANIUM DISCOVERY 65 KM FROM DOUBLE S RESOURCE WIT...
11/26/2008(North Shore)NEW URANIUM ZONE DISCOVERED NEAR DOUBLE S RESOURCE
9/19/2008(North Shore)NEAR SURFACE URANIUM MINERALIZATION DISC =?iso-8859-1?Q?OVER...
7/10/2008discovers up to 2.83 pounds per ton U3O8 over 41.7 feet in s...
7/7/200819.96 million pounds U3O8 NI 43-101 compliant inferred resou...
2/26/2008(Pipewrench) TRENCH RESULTS UP TO 9.7 METERS OF 0.027% U3O8 FROM PIPEW
2/19/2008(North Shore)RESOURCE CALCULATION TO SOON BEGIN ON DOUBLE S ZONE
1/29/2008(North Shore) Increases Strike Strength to 1500 Meters at Double S Zone, ...
1/22/2008(Pipewrench)Significant Trench Results up to 0.122% from Pipewr
8/2/2007(North Shore)drills 24.3 m of 0.036% U3O8 at North Shore
5/30/2007(North Shore)Drilling Restarts at North Shore Property, Quebec
5/17/2007(North Shore)Reinhard comments on Uracan discovery
Corporate news of Uracan Resources Ltd.
7/5/2016URACAN ANNOUNCES CLOSING OF FIRST TRANCHE OF PRIVATE PLACEME...
5/27/2016URACAN ANNOUNCES $1.5 MILLION PRIVATE PLACEMENT OF FLOW THRO...
1/29/2016Clive Johnson Increases His Ownership of Uracan
9/22/2015Uracan Updates Status of Quebec Mineral Resource Estimates
8/28/2015URACAN ANNOUNCES CHANGE TO BOARD OF DIRECTORS
1/22/2015Uracan And Forum Announce Drill Results From Clearwater Prop...
1/8/2015Uracan and UEX Begin 2015 Drilling Campaign on the Black Lak...
11/26/2014Uracan Announces Closing of Private Placement in the Total A...
11/8/2014Uracan Announces Non-Flow Through Private Placement
11/7/2014Uracan Announces Non-flow Through Private Placement
10/23/2014Uracan Announces $0.9 Million Private Placement
9/11/2014Clive Johnson Increases His Ownership of Uracan
8/27/2014Uracan and Forum sign definitive Option Agreement on Clearwa...
7/8/2014Uracan options Patterson Lake South area property from Forum...
6/27/2014Uracan And UEX Announce Amendment of Option Agreement
6/23/2011(Costebelle)WINTER 2011 URACAN DRILLING OUTLINES SIGNIFICANT URANIUM MIN...
3/17/2010well positioned to benefit from new uranium investment rules
12/7/2009discovers multiple new areas of uranium mineralization in Qu...
11/25/2009discovers 12 meters of 0.123% U3O8 on its 100% owned Costebe...
10/20/2009Highest grade uranium for Surface Deposits - Uracan
10/15/2009 Uracan's Grandroy yields intercepts of up to 0,213% (4.26 l...
8/26/2009New Uranium Discovery
7/8/2009Canaccord Capital says low grade can mean big profits for in...
7/3/2009Looming Uranium Shortage is Good News for Explorers
3/9/2009Uracan featured in Canadian Business Journal
2/12/2009Uracan: politically safe, financially secure says MidasLette...
11/4/2008Reinhard sees the potential in uranium juniors
8/27/2008Lundin Updates Uracan Resources
7/30/2008Lundin Updates Uracan Resources
7/14/2008Winston Updates Uracan Resources
7/10/2008A Rising Uranium Star on Quebec's North Shore - Markettrader...
6/17/2008discovers new mineralized zone at TJ Zone and additional wid...
4/28/2008Discovers New Uranium Mineralization at Double S and Johan B...
4/8/2008Winston Updates Uracan Resources (URC, TSX)
4/2/2008Gold Newsletter Update on Uracan Resources
2/28/2008Drill Results
10/30/2007Intercepts Additional Uranium Mineralization, Increases Stri...
7/11/2007 Exploration begins at Pipewrench Lake, Saskatchewan
5/17/2007Significant near surface uranium mineralization intersected ...
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TSX-V (URC.V)OTHER OTC (URCFF)
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