UC

UC Resources Ltd. ("UC" or "the Company) (TSX VENTURE:UC) is pleased to provide
an update of the drilling of a recently discovered anomaly in the McFaulds lake
area of the "Ring of Fire" in Northern, Ontario. The company completed its 1200
metre, 2-hole core drilling program at McFaulds Lake property and submitted 126
cut core samples for assay.


A description of the core encountered during the program has been provided below
by M.J. (Moe) Lavigne, P. Geo, who was acting as QP for this drill program and a
qualified person pursuant to National Instrument 43-101 has reviewed and
approved the technical information in this press release on behalf of the
company.


Hole MCF-11-84 was collared 200 metres west of McFaulds Lake, drilled to the
southeast at a 45 degree inclination, to a depth of 712 metres. The intent of
the hole was to test a magnetic high adjacent to a gravity high based on a
recent airborne survey. A thick fractionated mafic-ultramafic intrusive was
drilled from its top, to near its bottom where the hole terminated in a younger
gabbro-pyroxenite intrusive. Zones of disseminated chalcopyrite in
gabbro-pyroxenite and sulphide mineralization associated with shear zones,
veining, and pelitic xenoliths were sampled. Magnetite rich ultramafic layers
were also sampled. Based on a visual estimate, the copper content of the
mineralization encountered will not exceed 0.5%, but are good candidates for PGE
enrichment. The magnetite rich rocks encountered are also good candidate for PGE
enrichment, and may also have elevated vanadium and titanium.


Hole MCF-11-85 was collared 1.34 kilometres west of hole MCF-11-84, drilled to
the south at a 45 degree inclination to a depth of 495 metres. The intent of
this hole was to test a magnetic low overlapping with a gravity high. Similar to
hole 84, this hole encountered younger gabbro-pyroxenite intruding pre-existing
gabbro and volcanic rock. This hole also encountered multiple types of
mineralization, and again the predominant mineralization is disseminated
chalcopyrite-pyrrhotite-pyrite in pyroxenite, from 1 to 5% and up to 12 metres.
A 10 metre zone of disseminated sulphides in heterolithic gabbro, similar to
mineralization at the Lac des Iles PGE deposit was sampled. A 24 metre intercept
with 5% disseminated pyrrhotite, and lesser chalcopyrite, was found in
amygdaloidal mafic volcanics, which may be, "Kambalda Type" nickel
mineralization. As in hole 84, sulphide mineralization is also associated with
xenoliths, shear zones and veins.


Assaying will be conducted by Activation Laboratories Ltd of Ancaster, Ontario
and results will be press released upon arrival.


UC Resources is an active explorer of base metals and chromite in the McFaulds
Lake area ("Ring of Fire") of the James Bay Lowlands, Ontario, as well as an
explorer and producer of precious metals in Mexico.


On behalf of the Board of Directors,

Gary Monaghan, CEO

We seek safe harbour.

Investors are invited to visit the UC Resources IR Hub at
http://www.agoracom.com/ir/UCResources where they can post questions and receive
answers or review questions and answers already posted by other investors.
Alternatively, investors are able to e-mail all questions and correspondence to
UC@agoracom.com where they can also request to be added to the investor e-mail
list to receive all future press releases and updates in real time.


This news release includes certain forward-looking statements or information.
All statements other than statements of historical fact included in this
release, including, without limitation, statements relating to the potential
mineralization and geological merits of the McFaulds/La Yesca properties and
other future plans, objectives or expectations of the Company are
forward-looking statements that involve various risks and uncertainties. There
can be no assurance that such statements will prove to be accurate and actual
results and future events could differ materially from those anticipated in such
statements. Important factors that could cause actual results to differ
materially from the Company's plans or expectations include risks relating to
the actual results of current exploration activities, fluctuating gold prices,
possibility of equipment breakdowns and delays, exploration cost overruns,
availability of capital and financing, general economic, market or business
conditions, regulatory changes, timeliness of government or regulatory approvals
and other risks detailed herein and from time to time in the filings made by the
Company with securities regulators. The Company expressly disclaims any
intention or obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise except as
otherwise required by applicable securities legislation.

UC Resources Ltd. (TSXV:UC)
Historical Stock Chart
From Nov 2024 to Dec 2024

UC Resources Ltd. (TSXV:UC)
Historical Stock Chart
From Dec 2023 to Dec 2024