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UC RESOURCES COMMENCES McFAULDS' LAKE WINTER EXPLORATION PROGRAM
January 17, 2008, UC Resources Ltd.: Vancouver,
British Columbia: Trading Symbol: TSXV:UC. UC Resources Ltd.
("UC" or "the Company") is pleased to announce that
Billiken Management will be providing field crews, which are scheduled to
begin work on the McFauld's East Project area over the next few
weeks. The field crews will initially undertake line-cutting,
followed by ground geophysics. Aeroquest, which was contracted
jointly by UC, Noront Resources, and other juniors in the McFauld's Lake
area have returned in order to complete the airborne program over the
remaining claims of the "Ring of Fire." Several airborne anomalies
have been identified in the initial 100 metre
spacing Aeortem survey, which was partially completed in
December. These anomalies are located to the south / southwest of
the UC Resources/Spider Resources/KWG Resources McFaulds #1 and #3
occurrences on the McFauld's East property. Each of these anomalies
will be further detailed by ground geophysics prior to drill testing.
UC is also pleased
to announce its intention to participate with Spider Resources/KWG
Resources in several new claims that have been staked to the North of the
McFauld's East Property. This staking has been undertaken in
compliance with the LOI signed in March 2007 between UC and Spider
Resources.
UC is also moving
forward with a revamping of the La Yesca mill in Mexico. A recently
completed study and metallurgical testing has increased recovery rates of
both gold and silver, but does require modification of the present
milling and metallurgical process. The ordering of additional equipment
has begun and installation will begin immediately upon its arrival.
On behalf of the
Board of Directors,
Jim Voisin
President
UC Resources Ltd.
For further
information:
Contact Damien Lowry, Vancouver Head Office
#1000, 355 Burrard Street Vancouver, B.C. V6C 2G8 Canada
Toll Free: 1-800-366-8566 (Canada & USA)
Or
Jim Voisin
President
UC Resources
1-519-699-5352
Website: www.ucresources.net
Investors are
invited to visit the UC Resources IR Hub at http://www.agoracom.com/ir/UCResources
where they can post questions and receive answers or review questions and
answers already posted by other investors. Alternatively, investors are
able to e-mail all questions and correspondence to UC@agoracom.com where they can also
request to be added to the investor e-mail list to receive all future
press releases and updates in real time.
(The TSX Venture Exchange has not reviewed and
does not accept responsibility for the adequacy or accuracy of this
release. This release includes certain statements that may be deemed
"forward-looking statements". All statements in this
release, other than statements of historical facts, that address future
production, reserve potential, exploration drilling, exploitation
activities and events or developments that the Company expects are
forward-looking statements. Although the Company believes the
expectations expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of future
performance and actual results or developments may differ materially from
those in the forward-looking statements. Factors that could cause
actual results to differ materially from those in forward looking
statements include market prices, exploitation and exploration successes,
continued availability of capital and financing, and general economic,
market or business conditions. Investors are cautioned that any
such statements are not guarantees of future performance and those actual
results or developments may differ materially from those projected in the
forward-looking statements. For more information on the Company,
Investors should review the Company's registered filings what are
available at www.sedar.com.
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January 17,
2008
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WHAT'S NEW
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Dec 20, 2007:
UC Resources Announces
Granting of Options
+
View More
Dec 19, 2007:
UC Resources Shareholders
Update
+
View More
Nov
19,
2007:
UC Resources Announces Mr.
Michel Roy Agrees to Join Board of Directors
+
View More
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