July 28, 2008, UC Resources Ltd.: Vancouver,
British Columbia: Trading Symbol: TSXV:UC. UC Resources Ltd.
("UC" or "the Company") is pleased to provide the
following updates.
UC Resources is pleased to announce that the
Company has signed a management contract with Billiken Management
Services of Toronto, this includes a 2500 metre initial drill program.
Billiken will be responsible for all exploration activities in the James
Bay Lowlands �Ring of Fire� exploration program including line cutting,
geophysics, and drilling. This contract represents the continuation of
the UC Resources �Option Agreement� 55% earn-in into the McFaulds Lake
East and West property packages of Spider Resources Inc. and KWG
Resources Inc.
Line cutting has been completed on seven targets
and ground geophysics is currently being completed on the last four of
these anomalies. Results from the fist three targets are very
encouraging, and two of the three will be drilled as high priority
targets with the third being left for a later date.
Final data from the Aerotem survey has now been
received and a detailed profile analysis has been completed by Scott Hogg
& Associates Ltd. The objective of the analysis was to
isolate targets with both the magnetic and electromagnetic
characteristics attributable to sulphide mineralization. Based
on the results, Hogg and Associates have identified 12 high-priority
drill targets as well as 8 intermediate- priority targets. All results
from the Aerotem survey have now been received and an analysis of the
targets has been completed by Scott Hogg and Associates.
UC,
as project operator, plans to commence this drill program during Q3,
2008.
As
announced in the January 17, 2008 press release, the La Yesca mill is
being totally revamped after a major re-design. It�s expected the company
will start mill testing and training personnel in August, 2008. There are
pictures of the progress available on the UC resources website and
investors are encouraged to view progress at www.ucresources.net . The company
remains very optimistic that La Yesca has the potential to be a
beneficial venture and certainly is a key component in the strategic
development of UC Resources Ltd.
UC
Resources is an active explorer of base metals in the McFauld�s Lake
area, and an explorer and near term producer of precious metals in Mexico.
On
behalf of the Board,
Jim
Voisin
President
& CEO
UC Resources Ltd.
For
further information:
Damien Lowry, Corporate Development
Contact Vancouver Head Office
#1000, 355 Burrard Street Vancouver, B.C. V6C 2G8 Canada
Toll Free: 1-800-366-8566 (Canada & USA)
Website:
www.ucresources.net
Investors
are invited to visit the UC Resources IR Hub at http://www.agoracom.com/ir/UCResources
where they can post questions and receive answers or review questions and
answers already posted by other investors. Alternatively, investors are
able to e-mail all questions and correspondence to UC@agoracom.com where they can also
request to be added to the investor e-mail list to receive all future
press releases and updates in real time.
The
TSX Venture Exchange has not reviewed and does not accept responsibility
for the adequacy or accuracy of this release. This release includes
certain statements that may be deemed �forward-looking statements�.
All statements in this release, other than statements of historical
facts, that address future production, reserve potential, exploration
drilling, exploitation activities and events or developments that the
Company expects are forward-looking statements. Although the
Company believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results or developments may
differ materially from those in the forward-looking statements. Factors
that could cause actual results to differ materially from those in
forward looking statements include market prices, exploitation and
exploration successes, continued availability of capital and financing,
and general economic, market or business conditions. Investors are
cautioned that any such statements are not guarantees of future
performance and those actual results or developments may differ
materially from those projected in the forward-looking statements.
For more information on the Company, Investors should review the
Company�s registered filings what are available at www.sedar.com.