UC Stakes New Claims at McFaulds Lake
VANCOUVER, BRITISH COLUMBIA, Oct 6, 2008 (Marketwire via COMTEX News Network) --
UC Resources Ltd. (TSX VENTURE:UC) -
UC Resources Ltd. ("UC" or "the Company") is pleased to provide the following update.
UC Resources is pleased to announce the acquisition of 37 contiguously staked claims consisting of 499 units totalling approximately 7984 hectares or nearly 80 square kilometres in the McFaulds Camp, Ring of Fire area.
These claims are contiguous to the McFaulds East Block claims held by UC Resources (TSX VENTURE:UC), Spider Resources (TSX VENTURE:SPQ) and KWG Resources (TSX VENTURE:KWG) and will become part of the claims held by the joint venture partners. The east block hosts the VMS occurrences of McFaulds #1 and #3 as well as a number of other locations where Spider Resources and KWG Resources have had historic success identifying mineral occurrences. The claims were staked based on historic data available and based on results from the recent Aerotem Geophysics program.
The location of the new claim block is east-south east of the present east claim block.
A detailed airborne survey of this new large block of claims will be conducted in the future to identify drill locations.
UC Resources is an active explorer of base metals in the McFaulds Lake area, and an explorer and a very near term producer of precious metals in Mexico.
On behalf of the Board,
Jim Voisin, President & CEO, UC Resources Ltd.
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.
This 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 production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company 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 the forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, Investors should review the Company's registered filings what are available at www.sedar.com.
SOURCE: UC Resources Ltd.
UC Resources Ltd. Vancouver Head Office #1000, 355 Burrard Street Vancouver, B.C. V6C 2G8 Canada Toll Free: 1-800-366-8566 (Canada & USA) Website: www.ucresources.net
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