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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AGORACOM Wire - Wednesday February 15th, 2012

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Message: CORPORATE UPDATE - Timeless Precious Metals fund recommends Near Term Producer UC Resources...

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CORPORATE UPDATE - Timeless Precious Metals fund recommends Near Term Producer UC Resources...

posted on Nov 28, 08 04:58AM

EXPLORATION FOR GOLD AND SILVER AND PRODUCTION IN MEXICO

Business Summary

UC Resources is a Canadian exploration, development and production company which has an opportunity-driven acquisition strategy. Its main focus is on production and exploration opportunities in Mexico. However, it will also be active in Canada on a very select basis on exploration projects, which have the potential to add significant shareholder value.

The La Yesca project consists of a 600 hectare mining concession which includes two previous producing gold - silver mines.

The project also includes a modern milling facility designed to process two hundred (200) tonnes of feed per day.

Approximately two hundred twenty five thousand and seven hundred fifty (225,750) tonnes of tailings from the historic mine workings in the project area are available to be processed. The tailings qualify as an inferred resource under NI43-101 compliancy rules. The mill is being immediately upgraded and modified to achieve higher recovery rates for the extraction of silver from the tailings currently being processed.

To read the complete report, please see our web site at http://ucresources.net/_resources/UC...

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