Project, Uranium City Mining District, Northern Saskatchewan
TSXV: UCR
TORONTO, Nov. 3 /CNW/ - Uranium City Resources Inc. ("UCR") is pleased to
announce the results from the 2005 exploration diamond drilling program at the
Fish Hook Project, which is located in the Uranium City region of Northern
Saskatchewan, Canada. The Fish Hook Project is one of ten uranium projects
within the UCR portfolio.
A total of 1,564 metres of NQ size diamond drilling was completed in
8 drill holes.
Hole FH05-1
-----------
Sample 829528 (136.02m to 136.32m) returned values of 0.13% U
(0.153% U3O8), 2.32% V, 0.0818% Ni, 0.59% Cu, 0.195% Co and 33.6 ppm Ag.
Sample 829534 (284.4m to 285.26m) returned a high of 152ppb Au.
Hole FH05-3
-----------
Sample 829504 (55.00m to 55.41m) returned values of 0.139% U
(0.163% U3O8), 1.36% V, 0.038% Ni and 0.122% Co.
Sample 829509 (58.00m to 58.62m) returned values of 0.179% U
(0.211% U3O8), 0.716% V and 0.107% Cu.
Sample 829291 (66.00m to 66.76m) returned a high of 370ppb Au.
Hole FH05-4
-----------
Sample 829518 (68.15m to 69.08m) returned values of 0.144% U
(0.169% U3O8), 0.278% V and low levels of Cu, Ni and Co.
Sample 829519 (69.08m to 70.00m) returned values of 0.167% U
(0.196% U3O8), 0.398% V and low levels of Cu, Ni and Co.
Sample 802435 (70.84m to 71.85m) returned a high of 570ppb Au.
Hole FH05-5
-----------
Sample 829522 (87.13m to 88.13m) returned values of 0.105% U
(0.123% U3O8), 0.177% V and 0.062% As.
Drill holes FH05-2, FH05-6, FH05-7 and FH05-8 intersected similar geology
as the above drill holes and returned low values in uranium and gold.
SRC Geoanalytical Laboratories, Saskatoon, Saskatchewan, completed all
assaying by multi-acid partial and total digestion ICP scan. UCR has converted
the percentage Uranium by factor 1.1793 to uranium oxide (U3O8). Non-
radioactive samples were submitted to TSL Laboratories Inc., Saskatoon,
Saskatchewan, for Au and PGE analysis.
UCR's senior project geologist and QP, Kian A. Jensen, B.Sc., P.Geo. has
reviewed this press release.
Forward looking statements:
This news release contains certain forward-looking statements. These
forward-looking statements are subject to a variety of risks and uncertainties
beyond UCR's ability to control or predict, which could cause actual events or
results to differ materially from those anticipated in such forward-looking
statements. Although UCR believes that the assumptions inherent in the
forward-looking statements are reasonable, undue reliance should not be placed
on these forward-looking statements.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
