HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

Free
Message: All this talk about SPQ and...
Reply New Message
Prev Message Back To Forum Threaded View Next Message

Oct 10/07 NR from Spider:

The 2296-unit McFaulds East and McFaulds West claim group constitute the McFaulds Lake Project which in turn adjoins the Noront claims and is one of the largest land holdings in the area, covering some 360 square kilometres.

 

UC Resources Ltd (TSX VENTURE:UC) has recently expended approximately $1 million on the McFaulds Lake Project , by completing ground geophysics (gravity and UTEM) as well as diamond drilling 7 holes thus qualifying UC for their first phase earn-in for a 10% undivided interest in the project, reducing KWG and Spider to 45% each on this project. UC may elect to enter their second phase at any time, to earn up to a total 55% interest in these properties.

 

 

 

6 Recommendations
Reply New Message
Prev Message Back To Forum Threaded View Next Message
Share
Share
New Message
Please login to post a reply