Free
Message: UC Provides Exploration Update at La Yesca, Xora Claims

UC Provides Exploration Update at La Yesca, Xora Claims

posted on Mar 17, 2009 09:04AM

UC Provides Exploration Update at La Yesca, Xora Claims

Tue Mar 17, 12:37 PM

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.

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.





Contacts

Vancouver Head Office
UC Resources Ltd.
Toll Free: 1-800-366-8566 (Canada & USA)
Website: www.ucresources.net



Share
New Message
Please login to post a reply