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UCR Drill Targets Selected for Winter Campaign
UCR Drill Targets Selected for Winter Campaign.
About this update from Strategic Resources Inc.
[{"type":"text","content":"\n\n\n\n\nUCR-TSX.V\n\nRKLAND LAKE, ON, March 28 /CNW/ - Uranium City Resources Inc (\"UCR\")\ntoday announced that it has finalised the selection of targets for its\ndrilling campaign planned to commence in late March to early April.\nUCR prioritised its targets by utilising the more than 2,000 EM responses\noutlined by the VTEM survey earlier undertaken by the Company (please see\nrelease of 24-Oct-05). Combining the compiled VTEM survey with geochemical\nsurveys resulted in more precise drill targeting.\nUCR is budgeting $500,000 for this drilling campaign which will focus on\ntargets at the Lorado, Fish Hook and Nicholson Uranium Projects. The total\nextent of drilling is anticipated to total approximately 5,000 metres. Bob\nKasner, CEO of UCR said \"This is the first substantial uranium drilling\ncampaign undertaken in Uranium City since 2005 and is certainly one of the\nlargest major campaigns since the rush of 1950 through 1970. The recognised\npotential for unconformity-hosted uranium mineralisation along the southern\nedge of UCR's properties is a key feature that we will continue to focus on.\"\n\n About Uranium City Resources\n\nUranium City Resources is a dedicated Uranium exploration and development\ncompany with extensive land holdings in the past producing and logistically\nwell located Uranium City region of Northern Saskatchewan. Saskatchewan is\ncurrently the largest uranium-producing region in the world with annual\nproduction of approximately 30 million pounds of uranium. The Company is well\nfinanced with over $2.5 million in the treasury.\n\nThis press release contains forward-looking statements based on\nassumptions, uncertainties, and managements' best estimates of future events.\nActual results may differ materially from those currently anticipated.\nInvestors are cautioned that such forward-looking statements involve risks and\nuncertainties. Important factors that could cause actual results to differ\nmaterially from those expressed or implied by such forward-looking statements\nare detailed from time to time in UCR periodic reports filed with the Ontario\nSecurities Commission and other regulatory authorities. UCR has no intention\nor obligation to update or revise any forward-looking statements, whether as a\nresult of new information, future events or otherwise.\n\nForward looking statements:\nThis ...