Projects

Costebelle Claim Group

In November 2008, Uracan announced a number of new discoveries within the Costebelle Claim Group, with the new discoveries being located between 65 kilometres and 115 kilometres northeast of the Turgeon Lake property.

Results include 57 meters containing 0.021% (0.42 lbs/ton) U3O8, 22 meters of 0.036% (0.72 lbs/ton) U3O8, 31 meters grading 0.026% (0.52 lbs/ton) U3O8, 8 meters grading 0.033% (0.66 lbs/ton) U3O8 and 10 meters of 0.019% (0.38 lbs/ton) U3O8 in saw channel samples. In addition, several 2 meter channels with up to 0.181% (3.62 lbs/ton) U3O8 were also encountered.

The mineralized zones at Costebelle are 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. Strike lengths range from tens of meters to over 100 meters of exposure. Further work is being planned for summer 2009 to follow up these initial encouraging channel sample results.