Welcome To The Upper Canyon Minerals Corp HUB On AGORACOM

The objective of the Company is to enhance its value via high mineralization resource properties with a goal of turning them into commercial production.

Free
Message: UCM: Brosnor Gold Property exploration / development program
Brosnor Gold Property exploration / development program

(via Thenewswire.ca)

Vancouver, B.C. - Upper Canyon Minerals Corp. ("UCM" or the "Company") (TSX VENTURE: UCM) is pleased to report that the 2011-2012 field exploration / development program on the Company's Brosnor Property, comprised of 18 claims, totaling 922.8 hectares, located in the Louvicourt Township, approximately 30 kilometres east of the town of Val d'Or, in the province of Quebec, has commenced. The Brosnor property hosts gold bearing structures, striking east-west, in which quartz-pyrite-tourmaline veins, concentrated in more competent rock units carry gold values in various amounts.

The Company has filed a 43-101 report on SEDAR, with a recommendation to proceed with a two-phase exploration program.

Phase I - estimated at $600,000, Adelmont Zone - re-interpretation of all data to produce a mineralization model that will be checked by drilling. Norcourt Zone - drilling, to verify lateral and down depth opened extensions as indicated from last winter drilling compaign. Bermont Zones - considering the good results obtained from previous drilling campaigns, the Company is going to continue the definition of both the 166 and 161-162 zones.

Phase II - estimated at $550,000, Drilling of anomalies revealed by the IP surveys and additional drilling on the Adelemont, Norcourt and Bermont gold zones, including IP probing survey of drill holes and 3-D modeling of the mineralized zones.

Phase I and II will overlap and the estimated time to complete is 6 to 12 months.

Concurrently to the above, permitting is in place for site preparation for the development of the underground workings.

Tom Thomsen, President and CEO of Upper Canyon Minerals notes that: "UCM has an aggressive work program planned and we expect regular news on our progress".

Jean-Louis Robert, Ph.D. Geol., is a qualified person by the standards of National Instrument 43-101, he is responsible for the contents in this news release.

About Upper Canyon Minerals Corp., a growth oriented mineral-exploration resource company trading on the TSX Venture Exchange (Symbol: UCM), whose mission is the discovery and development of high quality precious and base metal resources, with a goal of advancing them into commercial production. UCM's exploration work is currently focused on the 100% owned Brosnor Gold property located near Val d'Or, Abitibi, in Quebec, Canada, the property is comprised of 18 claims totaling 922.8 hectares. Previous work has confirmed 3 gold zones (Adelemont-Norcourt-Bermont), with open extensions. The Brosnor property has numerous advantages for further development : a re-utilizing decline of 680 meters into Adelemont gold zone to 100 meters level, excellent infrastructure with hydro power and water readily available, and accessible by paved road.

For further information on Upper Canyon Minerals Corp., contact Tom Thomsen at (604) 628-1767, email: tthomsen@uppercanyon.net, or visit our website at www.uppercanyon.net.

BY ORDER OF THE BOARD

"Tom Thomsen"

Tom Thomsen

President and CEO

Upper Canyon Minerals Corp.

Neither the 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.

Copyright (c) 2011 Thenewswire.ca - All rights reserved.

Source: TheNewsWire (November 23, 2011 - 6:30 AM EST)

News by QuoteMedia
www.quotemedia.com
Share
New Message
Please login to post a reply