Avino Silver & Gold Mines Ltd. press release
Uranium City Resources (UCR:TSX-V) Announces Results From Eldorado Uranium Project, Uranium City Mining District, Northern Saskatchewan.
TSX - Toronto Stock Exchange · Silver · Gold · Copper · Canada
TSXV:UCR
RKLAND LAKE, ON, Nov. 9 /CNW/ - Uranium City Resources Inc. ("UCR") is pleased to announce results from the 2005 exploration program at the Eldorado Project, which is located in the Uranium City region of Northern Saskatchewan, Canada. The Eldorado Project is one of ten uranium projects within the UCR portfolio.
Eldorado Project: An 18 cm chip sample (801660) from Trench E (Hab Mine area) returned values of 4.05% U, 0.048% V, 0.021% Cu, 0.411% Pb and 37.9ppm Bi. A 24cm chip sample (801622) from Trench D (Hab Mine area) returned values of 2.53% U, 0.129% V, 0.24% Cu, 0.227% Pb and 57.3ppm Bi. Along strike of the trenches located south of Virgin Lake, several trenches were located to the southeast of Virgin Lake towards the North of Hab Mine Zones. A total of 5 grab samples from these old trenches returned values ranging from 0.0503% U to 8.65% U (8.65%, 4.38%, 1.09% and 0.503% Uranium), low Vanadium, 1 high value of Lead (1.17% Pb), and 0.59% Cu (associated with the 8.65% U). In the same location, the UCR sampling crew located additional old trenches and the grab samples taken returned values of 1.71% U, 5.32% U and 44ppb and 143ppb Gold (respectively) and were associated with low Vanadium, minor Copper, and low Lead. SRC Geoanalytical Laboratories, Saskatoon, Saskatchewan, completed all assaying by multi-acid partial and total digestion ICP scan. 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.