Uracan Begins Winter Drilling Campaign On Its 100% Owned Costebelle Claims
Mar 01, 2011
Vancouver, Canada -- Uracan Resources Ltd. (the "Company") announces that, further to its news release dated December 14, 2010, it has commenced a 10,000 metre diamond drill program on the Costebelle claim group located on its 100% owned North Shore Property in Quebec. This 2 drill exploration program will focus on two areas of the property; the Costebelle A4 and CC11 zones. The CC11 zone represents a new discovery for 2010, emphasizing the potential for the North Shore Property to host additional significant uranium mineralization. In addition, several other target areas will be drilled this winter to follow up results from the 2010 mapping and prospecting program.
This drill program is designed to expand on results from the fall 2010 drill program. Highlights from that drilling program included 59.65 meters of 0.026% U3O8 (265ppm or 0.53 lbs/t) in CA4-10-22 and 11.5 meters of 0.053% U3O8 (532ppm or 1.06 lbs/t) in CC11-10-04.
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