TORREON, COAHUILA, MEXICO and VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 20, 2006) - UC Resources Ltd. (TSX VENTURE:UC) (the "Company")
Management is pleased to provide assay results for DDH 06-07 from the Copalquin Property in Durango State, Mexico. The Copalquin property comprises more than 64,000 hectares in area and covers all of the historic mine workings in the former Copalquin Mining District.
As reported June 27, 2006 DDH 06-07 was designed to test whether or not the mineralized zone that was developed by the former La Soledad Mine (circa 1900) continues at depth below the existing mine workings. DDH 06-07 is the first drill hole ever completed below the mine workings at La Soledad and no attempt has ever been made to test potential strike extensions of the zone.
The drill hole, which is believed to have been drilled approximately 15-20 meters below the existing mine workings, encountered a 5.15 meter wide mineralized zone containing quartz, silicified andesite breccia, native gold and acanthite (silver sulfide mineral). The mineralized zone averaged 44.6 g/t of gold (1.43 ounces/tonne), and 1,564 g/t silver (50.29 ounces/tonne). Within this zone there is a 1.75 meter wide section that averaged 112.8 g/t gold (3.63 ounces/tonne) and 4,337 g/t silver (139.45 ounces/tonne). The true width of the mineralized zone is believed to be approximately 95% of the reported interval.
Assays from within the mineralized zone are as follows:
Depth (meters) Gold g/t Silver g/t
111.60 to 112.78 7.4 209
112.78 to 115.00 2.8 100
115.00 to 115.50 86.7 2,500
115.50 to 116.00 199.0 7,820
116.00 to 116.75 94.5 3,240
Assay intervals from DDH 06-07 were selected by independent consulting geologist James McGlasson from IMDEX Inc. based in Tucson Arizona. All assays were performed by ALS Chemex at their facility in North Vancouver, B.C.
The technical information contained in this release was prepared by Carl von Einsiedel, P.Geo. who is the qualified person for Copalquin pursuant to the requirements of NI 43-101.
Management is awaiting results from holes DDH 06-04, and DDH 06-05 to complete its summary report of the program. Upon receipt of these results, management will evaluate all of the data it has at its disposal and will prepare a budget and exploration plan for Phase III of its program. Drill crews are being assembled at this moment to man the two drills that the Company recently purchased, and drilling is expected to resume in late August or early September of this year.
Results from initial drilling clearly demonstrate that the mineralized zone at La Soledad continues below the existing mine workings. Based on results of this stage of exploration, management has approved expanding the proposed Stage 3 program at Copalquin to include extensive additional drill testing at La Soledad.
On behalf of the Board of Directors,
Richard J. Hamelin, President/Director
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, Investors should review the Company's registered filings what are available at
Welcome to the SEDAR Web Site / Bienvenue au Site Web SEDAR.
FOR FURTHER INFORMATION PLEASE CONTACT:
UC Resources Ltd.
Brian Gusko
Corporate Development
Toll Free: 1-800-366-8566 (Canada & USA)
info@ucresources.net UC Resources Ltd. - Canadian TSX Venture Silver Gold Mining Company in Mexico
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Source: CCN Matthews (July 20, 2006 - 11:35 AM EDT)
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