Uracan Resources Ltd.

Published : December 07th, 2009

discovers multiple new areas of uranium mineralization in Quebec

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Uracan

URACAN DISCOVERS MULTIPLE NEW AREAS OF URANIUM MINERALIZATION IN QUEBEC


December 7, 2009
TSX-V: URC

Highlights

  • 0.176% (1,762 ppm or 3.52 lbs/t)U3O8 over 4 meters at MB Zone
    • o includes 5,989 ppm or 11.98 lbs/t U3O8 over 1 meter
  • 0.139% (1,389 ppm or 2.78 lbs/t) U3O8 over 2 meters near Chan Zone
  • 0.053% (529 ppm or 1.06 lbs/t) U3O8 over 12 meters south of Middle Zone

Vancouver, Canada - Uracan Resources Ltd. (the "Company") is pleased to report on channel assay results from the Summer 2009 exploration program at its 100% owned North Shore Project in Quebec. These assay results are from channel sampling that occurred on the Turgeon Lake Intrusive Complex (TLIC) which is host to the Double S zone, Grandroy zone and others. Please visit the Uracan website at www.uracan.ca to view the map of all the zones on the TLIC.

This summer program was designed to map, sample and explore areas of the granitic intrusion that had not received as much attention in the past. It was also a priority to continue mapping and sampling in locations of known uranium occurrences like Double S.

The 2009 Summer Exploration program on the TLIC consisted of a combination of mapping, scintillometer surveys and rock saw channel sampling in addition to the ongoing exploration drill program on the property. A total of 42 channels containing 376 samples were taken in seven separate zones throughout the TLIC. The results of two of these zones, the Grandroy and Turgeon zones were previously released on August 26th and September 29th, 2009. Those highlights included 20 meters grading 0.174% (1,740 ppm or 3.48 lbs/t) U3O8 at Grandroy.

Uranium mineralization on the property continues to be hosted by granites and pegmatites. The mineralized zones at TLIC are generally 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.

MB Zone

The MB zone is a new zone covering the triangular area located between the Double S and TJ zones immediately north of Middle Zone. It is approximately 1,500 meters in length north to south by 800 meters east to west.

This area is cradled between the zones (Double S, Middle and TJ) that are host to the previously announced NI 43-101 compliant inferred resource of approximately 154.9 million tonnes at an average grade of 0.012% U3O8 containing 18.48 million kilograms (40.73 million pounds) of U3O8 at a 0.009% cutoff.

This area had not been previously explored in great detail either by historic operators or by Uracan. This summer's mapping identified numerous outcrops dominated by pegmatite and granite with occasional smoky quartz veins. Channel assay results reveal numerous anomalous showings such as 0.176% (1,762 ppm or 3.52 lbs/t) U3O8 over 4 meters containing a sub-interval of 0.599% (5,989 ppm or 11.98 lbs/t) U3O8 over 1 meter.
See Table 1 below for further results.

Full Article


For more information, please contact:

Gregg J. Sedun
Chairman & CEO
Tel: 604.682.5580

David Fry
Corporate Development
Tel: 778.330.2759

Keith Schaefer
Investor Relations
Vanguard Shareholder Solutions
Tel: 604.608.0824
Toll-free: 866.898.0824

Marc Simpson
Exploration Manager
Tel: 604.682.5580

www.uracan.ca
info@uracan.ca

Vanguard Solutions

This email was sent by: Vanguard Shareholder Solutions
1095 West Pender St., Vancouver, BC, V6E2M6, Canada



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Uracan Resources Ltd.

EXPLORATION STAGE
CODE : URC.V
ISIN : CA91688U2002
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Uracan Res. is a gold and uranium exploration company based in Canada.

Uracan Res. holds various exploration projects in Canada.

Its main exploration properties are PIPEWRENCH, NORTH SHORE, PONTBRIAND and COSTEBELLE in Canada.

Uracan Res. is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 308.3 millions as of today (US$ 246.5 millions, € 223.9 millions).

Its stock quote reached its lowest recent point on December 18, 2015 at CA$ 0.01, and its highest recent level on October 28, 2021 at CA$ 7.31.

Uracan Res. has 105 940 000 shares outstanding.

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Corporate Presentations of Uracan Resources Ltd.
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2/11/2009 updates investor presentation
In the News and Medias of Uracan Resources Ltd.
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Financings of Uracan Resources Ltd.
10/30/2009increases private placement to $5 million
Project news of Uracan Resources Ltd.
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1/19/2012Please Visit Uracan Resources Ltd. at Booth #805 at the Vanc...
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8/26/2009(North Shore)Confirms High-Grade Uranium Zone
6/19/2009(North Shore)Launches summer drilling program and extensive field work
6/10/2009(North Shore)Continues to expand double S uranium Mineralization
2/26/2009(North Shore)URACAN DOUBLES TOTAL NEAR SURFACE NI 43-101 COMPLIANT INFERR...
1/13/2009(North Shore)DISCOVERS THIRD URANIUM TARGET IN QUEBEC
11/29/2008(North Shore)MAKES NEW URANIUM DISCOVERY 65 KM FROM DOUBLE S RESOURCE WIT...
11/26/2008(North Shore)NEW URANIUM ZONE DISCOVERED NEAR DOUBLE S RESOURCE
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7/10/2008discovers up to 2.83 pounds per ton U3O8 over 41.7 feet in s...
7/7/200819.96 million pounds U3O8 NI 43-101 compliant inferred resou...
2/26/2008(Pipewrench) TRENCH RESULTS UP TO 9.7 METERS OF 0.027% U3O8 FROM PIPEW
2/19/2008(North Shore)RESOURCE CALCULATION TO SOON BEGIN ON DOUBLE S ZONE
1/29/2008(North Shore) Increases Strike Strength to 1500 Meters at Double S Zone, ...
1/22/2008(Pipewrench)Significant Trench Results up to 0.122% from Pipewr
8/2/2007(North Shore)drills 24.3 m of 0.036% U3O8 at North Shore
5/30/2007(North Shore)Drilling Restarts at North Shore Property, Quebec
5/17/2007(North Shore)Reinhard comments on Uracan discovery
Corporate news of Uracan Resources Ltd.
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1/29/2016Clive Johnson Increases His Ownership of Uracan
9/22/2015Uracan Updates Status of Quebec Mineral Resource Estimates
8/28/2015URACAN ANNOUNCES CHANGE TO BOARD OF DIRECTORS
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1/8/2015Uracan and UEX Begin 2015 Drilling Campaign on the Black Lak...
11/26/2014Uracan Announces Closing of Private Placement in the Total A...
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9/11/2014Clive Johnson Increases His Ownership of Uracan
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7/3/2009Looming Uranium Shortage is Good News for Explorers
3/9/2009Uracan featured in Canadian Business Journal
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11/4/2008Reinhard sees the potential in uranium juniors
8/27/2008Lundin Updates Uracan Resources
7/30/2008Lundin Updates Uracan Resources
7/14/2008Winston Updates Uracan Resources
7/10/2008A Rising Uranium Star on Quebec's North Shore - Markettrader...
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4/28/2008Discovers New Uranium Mineralization at Double S and Johan B...
4/8/2008Winston Updates Uracan Resources (URC, TSX)
4/2/2008Gold Newsletter Update on Uracan Resources
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5/17/2007Significant near surface uranium mineralization intersected ...
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