UC Provides Exploration Update at La Yesca, Xora Claims
posted on
Mar 17, 2009 09:04AM
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 17, 2009) - UC Resources Ltd. (TSX VENTURE: UC.V) -
In the fall of 2008 a sampling program was undertaken on various occurrences on the Xora claim which is situated three kilometers from the La Yesca Mill in Nayarit State, Mexico.
The claim is considered a very interesting prospect by the company as the area has been host to some very high grade silver mines throughout the past century. There have been 6 mines and 16 mineral occurrences in the general area.
Three near vertical vein structures appear to be present and have been exposed by historic miners on the upper part of a vertical rock face of approximately 500 meters.
The Las Cuatas, El Mirador and La Colarada historic excavations appear to be spread evenly apart from one another by approximately 200 meters and the mineralized veins seem to be trending almost exactly north-south. Approximately one km to the south the El Manguito vein can be seen from the previously mentioned historic excavations and appears to be striking in the same direction.
An extensive reconnaissance and sampling program was undertaken, and significant values of gold and silver were returned. Management notes that some of the samples netted close to 2,000 grams per tonne AG These extraordinary grades are consistent with data from historic exploration and production in the La Yesca area.
Assay results for Las Cutas, El Mirador and El Manguito
Mina El Manguito Au Ag Au Ag ------------------------ ----------------------- 125756 less 198g 125703 .63g 566g than 125704 .43g 481g .05g 125705 .72g 1900g 125757 less 343g 125706 .47g 987g than 125707 .13g 246g .05g 125708 .2g 190g 125758 .1g 331g 125685 .38g 587g 125759 .31g 368g 125686 .24g 240g 125760 .1g 253g 125687 .33g 299g 125761 .09g 311g 125688 .34g 352g 125762 .1g 194g 125689 .2g 193g 125733 .21g 279g 125690 .27g 736g 125734 less 329g 125691 .14g 377g than 125692 .17g 253g .05g 125666 .21g 240g 125736 less 367g 125667 .25g 198g than 125668 .46g 221g .05g 125669 .35g 198g 125738 .3g 781g 125672 .29g 237g 125740 .13g 424g 125673 .3g 203g 125741 .47g 1105g 125674 .13g 333g 125742 .61g 704g 125675 .17g 373g 125743 .35g 1035g 125676 .24g 640g 125745 .27g 446g 125677 .41g 424g 125696 .22g 394g 125678 .17g 553g 125697 .07g 402g 125679 .26g 581g 125698 .26g 237g 125680 .27g 525g 125699 .29g 266g 125682 .13g 201g 125700 .28g 302g 125712 .28g 438g 125701 less 241g 125713 .88g 638g than 125714 .4g 252g .05g 125716 .52g 231g 125702 .29g 514g Mina Las Cuatas Au Ag ------------------------ 125522 4.52g 116g 125523 .2g 8g 125524 .96g 215g 125525 7.09g 1710g 125526 .17g 126g 125527 .26g 35g 125528 .88g 59g 125529 4.89g 541g 125530 5.53g 461g 125531 1.45g 17g 125532 1.32g 123g El Mirador Au Ag ------------------------ 126145 less 201g than 0.05g 126146 less 77g than 0.05g 126147 less 48g than 0.05g 126148 less 102g than 0.05g 126149 less 299g than 0.05g 126150 less 35g than 0.05g 126151 less 46g than 0.05g
The La Colarada Mine was not sampled due to time constraints. In 1985 the Mexican Ministry of Mines conducted a wall rock sampled program on all three levels of the La Colorada mine and produced a non 43-101 compliant inferred resource of 11,700 tons grading .7g Gold and 619g Silver.
Numerous other occurrences are apparent on the Xora claim that have been mined to a lesser extent and have not fully been investigated.
No diamond drilling has occurred on any of the aforementioned vein structures, which are open at depth and on strike. Management intends to launch an extensive exploration program in the future on the Xora claim given the successful results obtained by the recently completed sampling program.
Brian Newton, PGeo (Ontario), is the qualified person (under National Instrument 43-101) responsible for the preparation of this news release.
All samples assayed by ALS Chemex(i)
Jim Voisin, President & CEO
UC Resources Ltd.
We seek safe harbour.
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