UC Resources Ltd.
TSX VENTURE : UC

UC Resources Ltd.

March 17, 2009 12:37 ET

UC Provides Exploration Update at La Yesca, Xora Claims

VANCOUVER, BRITISH COLUMBIA--(Marketwire - 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



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.

Contact Information

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