Business
Uranium City Resources Announces Initial Drilling Results of 2006
Uranium City Resources Announces Initial Drilling Results of 2006.
About this update from Strategic Resources Inc.
[{"type":"text","content":"\n\n\n\n\nTSX.V:UCR\n\nTORONTO, July 5 /CNW/ - (Uranium City Resources Inc - UCR:TSX.V,\nA0F7F5:Berlin) (\"UCR\" or the \"Company\") today announced it has received\nresults from the initial phase of the Company's 2006 drilling program. The\nresults confirm the presence of both elevated levels of uranium and metals\nknown to accompany uranium mineralisation of the Uranium City Mining District\n(\"UCMD\").\nBob Kasner, CEO of UCR said, \"This first phase of drilling is a success\nboth geologically and technically. We are extremely encouraged that we\nintersected numerous graphitic conductors and found anomalous values of\nuranium and metals historically associated with uranium mineralisation in the\nUranium City region. Finding several graphitic layers is particularly\nimportant since it's known that they are often associated with uranium\nmineralisation. Based on these initial results we will begin to conduct\ndownhole probing later this year in order to get a better 3D idea of what the\nrocks look like in the various drill holes completed so far.\"\nFive high-priority targets were chosen from data compilation (VTEM\ngeophysical and geochemical surveys) and drilled. The targets that were\ndrilled are (i) Eagle Lake; (ii) Martin Lake; (iii) Moose Island; (iv)\nQuartzite Ridge and; (v) Lorado.\n\n>\n\nWith the first phase of drilling for 2006 completed, UCR geologists and\nmanagement are currently assessing these results and refining further\nexploration information.\nSamples were submitted for analysis to TSL Laboratories in Saskatoon, an\nISO17025 accredited laboratory. Samples were digested with an aqua regia\nextraction and analysed with an ICP-MS analytical finish. Samples were\nsubmitted with internal standards and blanks for QA-QC purposes. Mr. John\nCook, P.Eng is the qualified person for the technical aspects of this news\nrelease.\n\nAbout Uranium City Resources:\n\nUranium City has ten, 100% owned uranium projects within the Uranium City\nMining District, an area with over 30 years of past mining and nearly 70\nmillion pounds of uranium production. Since 2005, the Company has spent over \nC $3 million exploring its properties and has outlined numerous uranium\ntargets. Recent drill programs have confirmed the presence of uranium\nmineralisation, drilling is to continue throughout 2006. UCR is well financed\nand has appr...