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The objective of the Company is to enhance its value via high mineralization resource properties with a goal of turning them into commercial production.
Message: Upper Canyon Minerals Update on Brosnor Gold
Upper Canyon Minerals Update on Brosnor Gold
New York, NY, May 11, 2012/Resource Newswire/ - Upper Canyon Minerals Corp. ("UCM" or the "Company") (TSX VENTURE: UCM), has been featured in Mining Review Online, an online periodical that provides news, updates and industry insights on undervalued and high growth potential resource companies.
The full report on Upper Canyon can be found at: http://www.miningreview.net/upper-canyon-minerals-corp.
The Company has reported that the 2011-2012 field exploration/development program on the Company's Brosnor Property, comprised of 18 claims, totaling 922.8 hectares, located in the Louvicourt Township, approximately 30 kilometres east of the town of Val d'Or, in the province of Quebec, has commenced. The Brosnor property hosts gold bearing structures, striking east-west, in which quartz-pyrite-tourmaline veins, concentrated in more competent rock units carry gold values in various amounts.
Phase I - estimated at $600,000, Adelmont Zone - re-interpretation of all data to produce a mineralization model that will be checked by drilling. Norcourt Zone - drilling, to verify lateral and down depth opened extensions as indicated from last winter drilling compaign. Bermont Zones - considering the good results obtained from previous drilling campaigns, the Company is going to continue the definition of both the 166 and 161-162 zones.
Phase II - estimated at $550,000, Drilling of anomalies revealed by the IP surveys and additional drilling on the Adelemont, Norcourt and Bermont gold zones, including IP probing survey of drill holes and 3-D modeling of the mineralized zones.
Phase I and II will overlap and the estimated time to complete is 6 to 12 months. Concurrently to the above, permitting is in place for site preparation for the development of the underground workings.
The portal has been re-opened and the ramp has been partially de-watered, which has allowed for iron meshing under the portal entry.
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Surface drilling - 5 drill sites were prepared in the Norcourt zone. The drill was moved to the property before Christmas and the drilling commenced in January 2012. The Phase I drill program is 4,400 metres and is expected to be completed shortly. A Phase II drill program will follow.
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Upper Canyon is an opportunity to invest in a company with serious potential for gold production in the near term.
For the full editorial on Upper Canyon Minerals Corp., please go to: http://www.miningreview.net/upper-canyon-minerals-corp.
SOURCE: Resource Newswire
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Source: TheNewsWire (May 11, 2012 - 5:00 PM EDT)
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