I think I can put your fears to rest on your question 'Do they not know what they are looking for?' - They were NOT looking for chromite when those holes were drilled. The chromite makes this a whole new ball game.

I admit that a project delay because of a dozzer is not the best news to inspire confidence, but I bought in for McFaulds and there huge land position there. Truly a cheap price to play at this poker table with a change to win a huge pot. Can you imagine UC price if they DO hit a nice vein of chromite?! And why shouldn't they?

This part of the news release is also encouraging to me:

UC Resources is pleased to announce that the Company has reached another milestone in its option right to earn 55% interest in the East and West McFaulds blocks in the James Bay Lowlands known as the "Ring Of Fire" held jointly by Spider and KWG. The company has received confirmation of its 25% earned interest and would like to inform its shareholders that UC is proceeding with and close to completing year three expenditures required to earn a 40% interest in the land package.

cheers

BK