UNITED CARINA RESOURCES CORP.
TSX VENTURE : UCA

UNITED CARINA RESOURCES CORP.

March 19, 2007 10:11 ET

Carina Commences Drilling on Hatchet Lake Project

SASKATOON, SASKATCHEWAN--(CCNMatthews - March 19, 2007) - United Carina Resources Corp. (TSX VENTURE:UCA) In conjunction with Entourage Mining Ltd., United Carina Resources Corp., as operator, has commenced an 8-hole drill program on its 50 % joint venture Hatchet Lake uranium prospect situated on the eastern edge of the Athabasca Basin in north-central Saskatchewan. The Company anticipates that the holes will be drilled to a minimum depth of 125 metres using NQ-size core.

The Hatchet Lake property is situated in the eastern Athabasca Basin, Saskatchewan, 30 kilometres north of major uranium production centers near the Rabbit Lake and McClean Lake mines and their associated high-grade unconformity uranium deposits. The claims also lie on a Northeast-Southwest geological trend that hosts major uranium deposits and mines, namely Cigar Lake, McArthur River, Midwest, Millenium and the JEB. Purepoint Uranium Group Inc.'s Red Willow project is contiguous to Carina's claims on the Company's southern boundary. The property is located near the edge of the basin and therefore the targets are located at very shallow depths. The prospect consists of 16,990 hectares (41,864 acres) of contiguous claims that have been subject to previous exploration for uranium. Previous work on the claims have yielded surface showings of 0.3% to 1.4% U3O8.

In the summer of 2005, encouraging results were obtained south of Hatchet Lake in an area west of Turkey Lake. Sandstone boulders were found exhibiting alteration features and geochemistry common to all the unconformity-related deposits in the eastern Athabasca Basin. Line cutting and ground geophysics were completed on the claim block in January 2006 followed by a weather-shortened 5-hole drill program. The drill holes, totaling 376.7 metres intersected Athabasca sandstone underlain by faulted basement rocks. Secondary hematite alteration accompanies the faulting and fracturing in all the holes and in hole C-04 there was radioactivity associated with the secondary hematite.

Slightly elevated values obtained for uranium, lead and yttrium are considered to be favourable indicators of a mineralizing system similar to that at the major deposits in the region.

In addition, 17 drill core chips were analyzed by short-wave infrared reflectance spectroscopy to determine the dominant clay mineralogy. The clay alteration assemblages in the basement rocks were found to be consistent with alteration phases recognized at uranium deposits/mines in the area.

The Qualified Person, as that term is defined in National Instrument 43-101, on the project is Daniel Studer, PGeo, of Saskatoon, Sask.

Entourage has the right to earn a 50% interest in the Hatchet Lake claims from the Company.

For more information please visit our website at www.unitedcarina.com.

ON BEHALF OF THE BOARD

Rick Walker, President

The TSX Venture Exchange Does Not Accept Responsibility for the Adequacy or Accuracy of This News Release.

Contact Information

  • United Carina Resources Corp.
    Rick Walker
    President
    (306) 664-3828
    (306) 244-0042 (FAX)
    Website: www.unitedcarina.com