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Uracan Resources Ltd.

Publié le 07 décembre 2009

discovers multiple new areas of uranium mineralization in Quebec

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Uracan

URACAN DISCOVERS MULTIPLE NEW AREAS OF URANIUM MINERALIZATION IN QUEBEC


December 7, 2009
TSX-V: URC

Highlights

  • 0.176% (1,762 ppm or 3.52 lbs/t)U3O8 over 4 meters at MB Zone
    • o includes 5,989 ppm or 11.98 lbs/t U3O8 over 1 meter
  • 0.139% (1,389 ppm or 2.78 lbs/t) U3O8 over 2 meters near Chan Zone
  • 0.053% (529 ppm or 1.06 lbs/t) U3O8 over 12 meters south of Middle Zone

Vancouver, Canada - Uracan Resources Ltd. (the "Company") is pleased to report on channel assay results from the Summer 2009 exploration program at its 100% owned North Shore Project in Quebec. These assay results are from channel sampling that occurred on the Turgeon Lake Intrusive Complex (TLIC) which is host to the Double S zone, Grandroy zone and others. Please visit the Uracan website at www.uracan.ca to view the map of all the zones on the TLIC.

This summer program was designed to map, sample and explore areas of the granitic intrusion that had not received as much attention in the past. It was also a priority to continue mapping and sampling in locations of known uranium occurrences like Double S.

The 2009 Summer Exploration program on the TLIC consisted of a combination of mapping, scintillometer surveys and rock saw channel sampling in addition to the ongoing exploration drill program on the property. A total of 42 channels containing 376 samples were taken in seven separate zones throughout the TLIC. The results of two of these zones, the Grandroy and Turgeon zones were previously released on August 26th and September 29th, 2009. Those highlights included 20 meters grading 0.174% (1,740 ppm or 3.48 lbs/t) U3O8 at Grandroy.

Uranium mineralization on the property continues to be hosted by granites and pegmatites. The mineralized zones at TLIC are generally open in all directions as channel sampling was limited to areas of outcrop exposure, with overburden cover overlaying large areas of the targeted airborne anomalies.

MB Zone

The MB zone is a new zone covering the triangular area located between the Double S and TJ zones immediately north of Middle Zone. It is approximately 1,500 meters in length north to south by 800 meters east to west.

This area is cradled between the zones (Double S, Middle and TJ) that are host to the previously announced NI 43-101 compliant inferred resource of approximately 154.9 million tonnes at an average grade of 0.012% U3O8 containing 18.48 million kilograms (40.73 million pounds) of U3O8 at a 0.009% cutoff.

This area had not been previously explored in great detail either by historic operators or by Uracan. This summer's mapping identified numerous outcrops dominated by pegmatite and granite with occasional smoky quartz veins. Channel assay results reveal numerous anomalous showings such as 0.176% (1,762 ppm or 3.52 lbs/t) U3O8 over 4 meters containing a sub-interval of 0.599% (5,989 ppm or 11.98 lbs/t) U3O8 over 1 meter.
See Table 1 below for further results.

Full Article


For more information, please contact:

Gregg J. Sedun
Chairman & CEO
Tel: 604.682.5580

David Fry
Corporate Development
Tel: 778.330.2759

Keith Schaefer
Investor Relations
Vanguard Shareholder Solutions
Tel: 604.608.0824
Toll-free: 866.898.0824

Marc Simpson
Exploration Manager
Tel: 604.682.5580

www.uracan.ca
info@uracan.ca

Vanguard Solutions

This email was sent by: Vanguard Shareholder Solutions
1095 West Pender St., Vancouver, BC, V6E2M6, Canada



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Uracan Resources Ltd.

EXPLORATEUR
CODE : URC.V
ISIN : CA91688U2002
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Uracan Res. est une société d’exploration minière d'or et d'uranium basée au Canada.

Uracan Res. détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont PIPEWRENCH, NORTH SHORE, PONTBRIAND et COSTEBELLE au Canada.

Uracan Res. est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 308,3 millions CA$ (246,5 millions US$, 223,9 millions €).

La valeur de son action a atteint son plus bas niveau récent le 18 décembre 2015 à 0,01 CA$, et son plus haut niveau récent le 28 octobre 2021 à 7,31 CA$.

Uracan Res. possède 105 940 000 actions en circulation.

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