TSX-V: URC
VANCOUVER,
Oct. 25 /PRNewswire/ - 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
29th, 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.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release. The foregoing information
may contain forward-looking information relating to the future
performance of the Company. Forward looking information is subject
to a number of known and unknown risks, uncertainties and other
factors that may cause actual results to differ materially from
those anticipated in our forward looking statements. Such
risks and other factors include, among others, the actual results
of exploration activities, changes in world commodity markets or
equity markets, the risks of the mining industry including,
without limitation, those associated with the environment, delays
in obtaining governmental approvals, permits or financing or in the
completion of development or construction activities, title
disputes, change in government and changes to regulations affecting
the mining industry, and other risks and uncertainties detailed
from time to time in the Company's filings with the Canadian
securities administrators (available at www.SEDAR.com
). Forward-looking statements are made based on various
assumptions and on management's beliefs, estimates and opinions on
the date the statements are made. Should one or more of these
risks and uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially
from those described in the forward-looking information contained
herein. The Company undertakes no obligation to update
forward-looking statements if these assumptions, beliefs, estimates
and opinions or other circumstances should change, except as
required by applicable law.
SOURCE URACAN RESOURCES LTD.
Copyright . 25 PR Newswire