Drilling Commences on Costebelle
Vancouver, Canada -- Uracan Resources Ltd. (the "Company") announces that, further to its news release dated September 29, 2010, it has commenced a 2,000 metre helicopter supported diamond drill program on the Costebelle claim group located on its 100% owned North Shore Property in Quebec.
This drill program is designed to follow-up results from the winter 2010 drill program as well as the summer 2010 mapping and channel sampling work.
Surface results from some of the drill targeted areas were included in the September 29, 2010 news release. These included 9 metres of 0.046% (464 ppm or 0.93 lbs/t) U3O8 (C-C-11 Zone) and 8 metres grading 0.038% (379 ppm or 0.76 lbs/t) U3O8 (A4-4 Zone) in saw channel samples.
The mineralized zones at Costebelle are generally open in all directions as channel sampling was limited to areas of existing outcrop exposure, with shallow overburden cover overlaying large areas of the targeted airborne anomalies.
Uracan Resources Ltd. is a publicly-listed uranium exploration company, exploring for shallow, bulk tonnage style 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
Chairman & CEO