November 10 2008, UC Resources Ltd.: Vancouver, British Columbia: Trading Symbol: TSX-V: UC
UC Resources (�UC� or �the company�) is pleased to announce that the company has reached another milestone in its goal of bringing the La Yesca mill into silver and gold production in Mexico.
The Company has received an environmental permit (MIA) from the Mexican Ministry of Environment and Natural Resources (SEMARNAT). This permit will allow the Company to immediately begin construction of a compliant tailings containment pond which is the final step before the commissioning of the mill. It is expected that it will take approximately 6 weeks to complete the tailings pond.
�This is a major milestone for the Company and will hopefully allow us to commission the mill prior to the end of the year�, states Jim Voisin, President of UC Resources.
The La Yesca mill has a design capacity of 200 tons per day of tailings and was designed with the flexibility to add additional tonnage of hard rock feed should an economic source be found nearby. The mill was constructed in a very timely fashion after being approved for re-development by the board of directors in late January 2008. The mill is now completed and ready to process feed from the nearby tailings pile as soon as the tailings containment pond is operational.
An extensive mapping and sampling program has been conducted over the last four months on the 100% owned Xora claim some three kilometres from the La Yesca mill. This internal non-compliant surface sampling has been conducted on many areas of the concession such that a qualified geologist under the 43-101 guidelines will be sent to re-sample and confirm samples collected by Minera Planets Chief Geologist Antonio Padron. Applications for road building and drilling permits have been submitted for the Xora claim which will be drilled as cash flow from the La Yesca mill is available.
UC Resources is an active explorer of base metals in the McFaulds Lake area of the James Bay Lowlands, Ontario, and an explorer and a very near term producer of precious metals in Mexico.
On behalf of the Board of Directors,
Jim Voisin
President & CEO
UC Resources Ltd.
For further information:
Contact Vancouver Head Office
#1000, 355 Burrard Street Vancouver, B.C. V6C 2G8 Canada
Toll Free: 1-800-366-8566 (Canada & USA)
Website: www.ucresources.net
We seek safe harbour.