UC

UC Resources Ltd. (TSX VENTURE:UC) ("UC") is pleased to report that exploration
has resumed on the McFaulds Lake project area in the James Bay Lowlands (JBL) in
the "Ring of Fire".


A 1000 km airborne survey has begun using the SHA three-axis, helicopter towed,
magnetic gradiometer and VLF-EM system which will be flown very close to the
ground and at a flight path separation of 100 meters. This is a very low flying
close gradient survey and is expected to provide vivid magnetic detail on a live
read basis. The flight area will consist of McFauld's #3, #5, #6, and #2 to
better define drilling targets. The SE claim block of the McFaulds East block of
claims will also be flown as this area presently has no geophysics data.


Orbit Garant drilling has mobilised a crew of drillers to the area in
preparation for drilling which will begin in the coming days. A second drill
crew is presently sitting on standby ready to mobilise a second drill rig in the
next few days.


Drill targets will consist of further testing of the McFauld's #5 & #6
occurrences as well as shallow and deep drilling to be conducted on the
McFauld's #3 massive sulphide occurrence which comprises the majority of the
presently existing 43-101 resource. McFauld's #2 is being looked at as a target
dependant on current drilling conditions.


The La Yesca mill has now achieved a mill throughput rate of 250 metric tonnes
per day. It is planned to stabilize the mill feed at this rate over the next few
months before slowly moving higher to test maximum throughput potential of the
mill. Two independent studies suggest that the mill is capable of providing the
grinding capacity required of a higher feed rate but at this time the optimum
rate is unknown.


Once the milling facility is stabilised at a rate of 250 tonnes per day the
focus will shift to maximizing recoveries through metallurgical chemical
balancing, etc., which is presently just beginning and will take time as with
all mill start-ups. This week the companies mill and metallurgist consultant is
on-site monitoring results and preparing plans to further advance the fine
tuning process. To date during the start-up process testing, in excess of
US$110,000 dollars of material has been produced and sold while going through
normal starts and stops, tests and low chemical values which is a normal part of
any start-up operation. The company believes the mill is now ready for this next
phase of the commissioning process with the 250 tpd rate having been achieved
over an extended number of days.


Drilling in the peripheral area of the Xora claim has resulted in some
interesting larger than expected intercepts of low grade silver zones. Although
these widths do not represent true width, further investigation is warranted to
investigate the possibility of a larger low grade system and exploration for the
higher grade source. Drilling of the area closer to the historic mining area
continues under the supervision of a government geologist compiling data for the
Mexican mining authorities under the grant we have received for drilling the La
Colorada occurrence. Four holes remain in the program at which time analysis and
review will occur to evaluate the next drilling program in conjunction with the
Mexican mining authorities.




Hole                From           To    Intercept       Silver
#                     (m)          (m)          (m)        (g/t)

2                     33           45           12         48.3

3                     28           40           12         90.8

4                     35           41            6        61.24

5                   29.3         40.8         11.5           67

6                    NSV                                       



The table above is non-compliant under national instrument 43-101. All assays
were completed by ALS Labratories of Vancouver, B.C., Canada which in an
accredited laboratory under the 43-101 regulations.


The area associated with the drill targets has historically been mined to
varying extents, with La Colorada having a non-compliant 43-101 resource
calculation which was compiled by the Mexican Ministry of Mines, by way of wall
rock chip sampling, of 11,000 tonnes grading .7 g/t Gold and 619 g/t silver.


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 a near term producer of precious metals in Mexico.


On behalf of the Board of Directors,

Jim Voisin, President & CEO

UC Resources Ltd.

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.

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