TSX.V: UCR
TORONTO, Sept. 8 /CNW/ - Uranium City Resources Inc. ("UCR"), is pleased to report the following assay results from eight grab samples taken at its West Target property located in the Beaverlodge / Uranium City Mining District in north-west Saskatchewan.
Prospecting and drilling work along a NE trend of EM conductors at the West Target property encountered an area of bedrock extending over several meters containing visible pitchblende veins of widths of up to 45cm.
Radiometric prospecting in the surrounding area has now identified anomalous radioactivity over a wide zone 500m in length by 100m in width along a NE trending fault structure. This radioactive area includes the Mic showing previously explored by exploration and mining company Eldorado Nuclear. Several old trenches and evidence of drilling work (diamond and percussion drill holes) can be seen throughout this area.
Eight grab samples were collected in the prospected area from a bedrock outcrop at the Mic Showing, in an old trench and also along a radioactive fracture. Seven out of the eight grab samples show high U(3)O(8) values above 1%.
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Sample Sample Type Description %U(3)O(8)
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MS-01 Grab sample - Mic showing Strongly hematized granite 1.19
cut by pitchblende vein and
yellow U-oxides
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MS-02 Grab sample - Mic Showing Silicified granite away from 0.006
pitchblende veins
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MS-03 Grab sample Metasomatic granite cut by 2.92
pitchblende vein and with
yellow U-oxides
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MS-04 Grab sample - old trench Metasomatic granite cut by 7.92
pitchblende vein and yellow
U-oxides
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MS-05 Grab sample Metasomatic granite cut by 2.18
pitchblende vein
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MS-06 Sample over 1m Strongly hematized granite 2.30
- Mic showing cut by pitchblende vein and
yellow U-oxides - Sample
over 1m
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MS-07 Sample over 1m Strongly hematized granite cut 2.06
- Mic showing by pitchblende vein and yellow
U-oxides. Sample over 1m
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MS-08 Grab sample -radioactive Metasomatic granite cut by 4.44
fracture radioactive fracture
- sample taken over 1m
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Samples were analyzed at Actlabs of Ancaster, Ontario, using the fusion-
RF method of analysis for ore samples.
Drilling has now started in this area to define the extension of these U-rich veins laterally and at depth. In addition, trenching and further prospecting work is being planned.
The technical information in this news release has been reviewed by Jim Kermeen, P. Eng. a Qualified Person as defined by National Instrument 43-101.
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 control or prediction and 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.