SOURCE: Uranium City Resources

August 20, 2007 08:30 ET

UCR Acquires Three New Claims for U Exploration at Willson Lake, in the Fond-du-Lac Area of Northern Saskatchewan

KIRKLAND LAKE, ON--(Marketwire - August 20, 2007) - Uranium City Resources Inc. (TSX-V: UCR) (BERLIN: A0F7F5) is pleased to announce that it has recently acquired a group of three claims near Willson Lake, northeast of Fond-du-Lac in northern Saskatchewan. The group of claims covers an area of approximately 14,320 hectares which is located about 65 km due east of the Uranium City Mining Camp. These new claims form the Willson Lake project area.

These claims were staked to cover geology that has many similarities to the Rossing Mine in Namibia, a large low grade bulk tonnage U mine. (Rossing deposit 34.2 Million tonnes grading 0.032% U3O8 of proven and probable ore; InfoMine 2006.) This geology can best be described as a large, "late granitic intrusion" which has been deformed, folded and cut by faults. One such fault is an eastward extension of the St Louis Fault which is a highly prospective fault zone that hosted 3 major Uranium mines (Fay-Ace-Verna mines) as well as several U deposits and showings in the Uranium City Mining Camp. Another fault, the Willson Lake Fault is a major East-West fault system that runs through the area. Several U occurrences and lake sediment samples with highly anomalous U values have been identified by previous work in the area.

UCR plans the following at Willson Lake for the remainder of 2007 and into 2008 to further test for Rossing type mineralization and also higher grade Uranium City type mineralization:

1) Data compilation of the geology, geochemistry and geophysics on GIS maps of the Willson Lake project area completed recently by the consulting firm TerraCad.

2) A Radiometric + Magnetic + Electromagnetic airborne geophysical survey over the Willson Lake project area.

3) A detailed bottom lake sediment sampling program to build upon previous bottom lake sediment sampling done by the GSC in 1981-82 which yielded anomalous U values in some of the lakes in the area.

4) Ground check radiometric prospecting, field mapping and rock sampling to follow up on any radiometric anomalous areas delineated by the airborne geophysical survey and the bottom lake sediment sampling program.

5) Ground check radiometric prospecting, field mapping and rock sampling at the granitic intrusion and adjacent shear zones.

The technical information in this news release has been reviewed by Jim Kermeen, P. Eng. a qualified person as defined by National Instrument 43-101.

Forward-looking statements:

This news release contains certain forward-looking statements. These forward-looking statements are subject to a variety of risks and uncertainties beyond UCR's control or prediction and could cause actual events or results to differ materially from those anticipated in such forward-looking statements. Although UCR believes that the assumptions inherent in the forward-looking statements are reasonable, undue reliance should not be placed on these forward-looking statements.

Contact Information

  • For further information please contact:

    Robert Kasner
    President & CEO
    T: 1.705.567.5351
    E: Email Contact

    Malcolm Bucholtz
    V.P. Investor Relations
    T: 1.306.525.0852
    E: Email Contact

    Head Office:

    4 Al Wende Avenue, P.O.Box 546
    Kirkland Lake, Ontario
    P2N3J5
    T: 1.705.567.5351
    F: 1.705.567.5557
    http://www.uraniumcityresources.com