UC Resources Ltd.
TSX VENTURE : UC

UC Resources Ltd.

May 26, 2009 09:30 ET

UC Commences an Airborne Geophysical "ZTEM" Survey Over Selected Targets in the McFaulds Lake Property Package

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 26, 2009) - UC Resources (TSX VENTURE:UC) is pleased to announce that the Company has signed an airborne survey contract with Geotech Ltd. of Aurora, Ontario.

The ZTEM airborne survey will be conducted in the James Bay Lowlands area known as the "Ring of Fire". This deep penetrating electromagnetic (EM) and magnetic (Mag) survey will be centered over McFaulds #5 and #6 Volcanogenic Massive Sulphide ("VMS") occurrences which are located a few kilometres south of McFaulds #1 and #3 VMS deposits and are thought to be encouraging VMS targets, that require further exploration. McFaulds #5 and #6 underwent limited drilling during 2004, the best intersection was 1.65 metres that averaged 2.89% Cu in hole MCF-04-50.

The second series of targets that will be subjected to this new survey technique consist of several moderate magnetic anomalies as well as one very intense magnetic anomaly located approximately 12 to 14 kilometres west-southwest of Noront Resources Ltd. (TSX.V:NOT) Eagle #1 discovery. The intense magnetic target has similarities to the Bull's-eye target that is joint ventured between Noront Resources Ltd. and Freewest Resources Canada Inc. (TSX.V:FWR).

The ZTEM survey will commence immediately and is hoped to provide drill positioning locations for future drill programs. These potential targets will be added to those being developed from the recent gravity and gradient magnetics survey work conducted on the western edge of the McFaulds East block near the recently announced Noront Resources Ltd. "Thunderbird Anomaly" and on trend with the various Chrome discoveries of Noront's Blackbird occurrences, Freewest Resources Canada Inc. Black Thor/Black Label occurrences and the Spider/KWG JV - Freewest option Big Daddy Chrome occurrence.

UC Resources has an option to earn up to 55% interest in the approximate 31,000 hectares of the McFauld's East, West and North blocks currently held by Spider Resources Inc. (TSX.V:SPQ) and KWG Resources Inc. (TSX.V:KWG).

UC Resources continues to evaluate solutions and options for the re-commissioning process of the La Yesca mill located west of Guadalajara, Mexico. The company is committed to this project and considers it a key strategic growth opportunities.

UC Resources is an active explorer of base metals and chromite in the McFaulds Lake area ("Ring of Fire") of the James Bay Lowlands, Ontario, plus an explorer and a near term producer of precious metals in Mexico.

On behalf of the Board of Directors,

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.

Contact Information

  • UC Resources Ltd.
    Vancouver Head Office
    Toll Free: 1-800-366-8566 (Canada & USA) or (604) 681-7265
    (604) 608-6163 (FAX)
    Website: www.ucresources.net