Ucore Uranium Inc.

Ucore Uranium Inc.

November 06, 2006 16:23 ET

Ucore Uranium Announces Claims Staked in Central Mineral Belt, Labrador

CALGARY, ALBERTA--(CCNMatthews - Nov. 6, 2006) - (Not for dissemination in the United States of America)

Ucore Uranium Inc. (TSX VENTURE:UCU) ("Ucore" or the "Corporation") is pleased to announce that its agents have been successful in staking 526 claims in the Central Mineral Belt (CMB) in Labrador. These claims have been successfully recorded and the mineral licences will be issued 30 days from the recording date to comply with the Newfoundland Mineral act.

The claims are located in an area previously not available for public staking. The CMB is host to a number of uranium deposits and advanced prospects and is highly prospective for additional discoveries.

The Corporation's agents have also been successful in staking a further 512 claims in Labrador in an area approximately 200 kilometers northeast of the CMB and approximately 60 kilometers south of Voisey's Bay. The ground was staked to cover a geophysical feature trending southeast from documented uranium showings as well as anomalous uranium lake sediments.

The Corporation is currently preparing an exploration program for these new projects.

This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Corporation expects, are forward looking statements. Although the Corporation believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.

Contact Information

  • Ucore Uranium Inc.
    Mr. Daniel Whittaker
    President and Chief Executive Officer
    902-492-0197 (FAX)