Uracan discovers higher grade uranium mineralization at Grandroy and Turgeon zones at its 100% owned North Shore Property in Quebec
Wednesday, August 26th 2009
Uracan Resources Ltd. announce initial results from its ongoing summer exploration and mapping program on the North Shore Property.
As part of the 2009 geological mapping program, grab and channel samples were collected in historic trenches over the Grandroy and Turgeon Est areas. These zones are approximately 7 kilometres North of the Double S zone. At Grandroy, these samples returned up to 4 meters of 0.192% (3.84 lbs/ton) U3O8 in channel sampling. Additional channel samples are underway in this area to further define the extent of mineralization in the historic trenches that are over 140 metres in strike length. The extent of mineralization in the Grandroy area is unknown due to limited outcrop exposure in the area; however airborne radiometrics indicate a potential strike length of over one kilometre. As well, significant Uraninite and secondary uranium minerals have been identified in surface exposures at the Grandroy zone.
At Turgeon Est sampling encountered up to 0.685% (13.7 lbs/ton) U3O8 and 0.303% (6.06 lbs/ton) U3O8 in grab samples at Turgeon Est, along with 0.077% (1.54 lbs/ton) U3O8 across 1 meter in channel sampling. The extent of mineralization in the Turgeon Est area is unknown due to limited outcrop exposure in the area.
Assessment work records for these historical locations previously reported equivalent uranium grades based on scintillometer readings of up to 48 meters grading 0.217% (4.34 lbs/ton) U3O8. Uracan’s results in this news release are from chemical assay data received from the same laboratory that processes Uracan’s diamond drill core.
