Emerging producer of Gold and Silver in Mexico
Property hosts Inferred mineral resources of 225,750 tonnes of tailings with a grade of 2.0 g/t gold and 220 g/t of silver.
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Message: NEWS - UC Resources Reports on Property in Vicinity of Noront's Copper-Nickel Discovery in the James Bay Lowlands and Recent Increase in Trading Activity

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Re: NEWS - UC Resources Reports on Property in Vicinity of Noront's Copper-Nickel Discovery in the James Bay Lowlands and Recent Increase in Trading Activity

posted on Sep 19, 07 03:49PM

"UC is awaiting assay results for 3 additional drill holes from its own diamond drilling program, and is currently reviewing all available information on the McFauld's Lake area, as available from partner Spider Resources Inc. the exploration company that pioneered exploration in the area. The Company is looking to initiate an aggressive and expanded exploration program as a follow-up to recent significant results as previously announced (See UC News Release dated September 5, 2007).

There is a distinct advantage of having several players drilling in a geographically similar setting in that sharing assay results amongst each company will help all participants to better assess where to place the drill bit and thus increase the odds of hitting paydirt.

According to this NR SPQ/UC is reviewing available data, assessing NOT's great assays in relation to the geological background data where that hole was sunk (only one DH has been assayed so far.)

Now that UC/SPQ has a better grasp of how minerals are deposited in the McFauld's area, they will likely target future exploration on areas within our own claim boundaries that have the same geological makeup.

The most recent batch of holes prove we were getting closer to the larger deposit. Now with NOT's data in hand targetting for the next round of drilling should be much more precise improving the odds of hitting the big one!

ESL

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