Lets hope they find lots to brag about.... although I don't know what it will take to knock down that wall and get KWG moving again.
UC Resources Plans to Drill McFaulds
7/28/2008 9:31:07 AM - Market Wire
VANCOUVER, BRITISH COLUMBIA, Jul 28, 2008 (MARKET WIRE via COMTEX News Network) --
UC Resources Ltd. ("UC" or "the Company") (TSX VENTURE: UC) is pleased to provide the following updates.
UCResources is pleased to announce that the Company has signed amanagement contract with Billiken Management Services of Toronto, thisincludes a 2500 metre initial drill program. Billiken will beresponsible for all exploration activities in the James Bay Lowlands"Ring of Fire" exploration program including line cutting, geophysics,and drilling. This contract represents the continuation of the UCResources "Option Agreement" 55% earn-in into the McFaulds Lake Eastand West property packages of Spider Resources Inc. and KWG ResourcesInc.
Line cutting has been completed on seven targets andground geophysics is currently being completed on the last four ofthese anomalies. Results from the fist three targets are veryencouraging, and two of the three will be drilled as high prioritytargets with the third being left for a later date.
Final datafrom the Aerotem survey has now been received and a detailed profileanalysis has been completed by Scott Hogg & Associates Ltd. Theobjective of the analysis was to isolate targets with both the magneticand electromagnetic characteristics attributable to sulphidemineralization. Based on the results, Hogg and Associates haveidentified 12 high-priority drill targets as well as 8intermediate-priority targets. All results from the Aerotem survey havenow been received and an analysis of the targets has been completed byScott Hogg and Associates.
UC, as project operator, plans to commence this drill program during Q3, 2008.
UCResources is an active explorer of base metals in the McFaulds Lakearea, and an explorer and near term producer of precious metals inMexico.
On behalf of the Board,
Jim Voisin, President & CEO
UC Resources Ltd.
