UC Provides Exploration Update at La Yesca, Xora Claims
posted on
Mar 17, 2009 08:37AM
VANCOUVER, BRITISH COLUMBIA--(March 17, 2009) - UC Resources Ltd. (TSX VENTURE:UC) -
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
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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