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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UC Resources Ltd. Profile

UC: TSX-V

Company Highlights

  • The past producing La Colorada mine has yielded historical silver grades between 128.4 and 555.3 g/t.
  • Inferred mineral resources of approximately 225,750 tonnes of tailings with a grade of 2.0 g/t gold and 220 g/t of silver.
  • Tailings processing project has a low operating and recovery cost.
  • Geology is typical of other epithermal discoveries in the Sierra Madres.

La Yesca:

The La Yesca tailings mill runs 24/7 and the company came very close to having the ability to be able to claim commercial production, but then ran into equipment, temporary power grid and flooding issues and other ongoing plant flow issues. These issues have been addressed ongoing, but will be addressed substantially through the injection of capital required to augment the flow process at the mill to a more final production solution in the first quarter of 2012. Following this period, the goal of the company is to operate the mill at a consistent run rate of 200+ Tonnes per day, which will result in the type of long term revenue run rates that will assist the company in achieving a number of goals in a number of areas.

Xora:

The Xora claim is within approximately 1 Kilometre of the La Yesca mill and is a significant exploration asset with an inferred mineral resource of 11,730 tonnes grading 0.70 g/t gold and 619 g/t silver. Within the Xora claim is the La Colorado mine, a past producing gold and silver mine, tonnage mined is unknown. Lower grade gold and silver found immediately east of the La Colorada mine opening suggests that a zone of bulk mineable material may exist on the property, within which there may be additional high grade mineralization similar to the La Colorada vein. Mapping and sampling of the Xora claim will commence in the first quarter of 2012 followed by drilling of the more interesting areas based on the new sampling, mapping, and previous ground IP geophysics. Assuming grades of success for silver and gold would allow for the expansion and extension of materials supplied to the La Yesca production mill site.

La Pinta: (Newly Acquired Property)

The La Pinta claims were issued to UC Resources on April 20, 2011 by the Secretary General of Mining in Mexico and consist of three land packages totalling approximately 64 hectares. This land package is again within 1 Kilometre of the La Yesca mill. It is a virgin land package which will also be mapped and sampled prior to drilling. As with the XORA claim the Pinta claim could provide fresh mill feed to the La Yesca Mill.

Mar:

In May 2006, we followed up the Minera Silver Creek agreement by adding the acquisition of the MAR Project, consisting of a property concession amounting to approximately 10 square kilometers. The property has a history of small scale mining activity and is easy to access and develop. The property is approximately one hour away from Guadalajara and has access from major roadways with excellent access.

Last changed at 18-Jan-2012 09:53AM by AGORACOM

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Executive Address

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Gary Monaghan,
CEO & Director
February 07, 2012

UC Provides Production Update and Invests $1.5M in Sprott Physical Silver Trust

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