Friday 9th December 2022 Font size:

UC Resources Ltd

Thursday, September 6th, 2007

UC Resources Ltd and Spider Resources Inc. are pleased to announce the receipt of assays from a diamond drilling program at the McFauld’s Lake volcanic-hosted massive sulphide (“VMS”) project, located in northern Ontario in the James Bay Lowlands. Hole McF-07-75 and McF-07-76 as previously announced (August 30, 2007) encountered massive sulphide mineralization containing appreciable chalcopyrite and sphalerite.
Some of the key highlights of the latest discoveries from UC’s exploration program at McFauld’s Lake include:
1) A total of 2,354 meters has been drilled in 7 holes, and assay results have been received for the first 4 holes
2) Drill Hole McF –07-75: (19.02 Meters) 2.69%Cu, 4.35% Zn, 0.35g/t Au, 6.63% Ag
3) Drill Hole McF – 07-75: (7.5 Meters) 1.8% Cu, 3.3% Zn, 0.22 g/t Au, 7.47 g/t Ag
4) Drill Hole McF-04-57 (as earlier reported) intersected 8% Cu over 18 meter.
5) To date, 10 isolated VMS occurrences have been identified and drill tested on the project, two of which have undergone detailed drilling.
6) The company is confident with the project. UC is continuing to explore this new VMS camp by initially concentrating its efforts on the McFaulds #3 and #1 occurrences, and will be looking at completing additional drilling on the other occurrences as the program progresses, through year two, three and four of the agreement.
States Mr. Hamelin for UC: “We are watching very closely the recent discovery by Noront Resources, this discovery will undoubtedly open up the McFaulds area, which we maintain has the potential to host a major mine development project. We have recently received the initial assays and are excited, that these results are well in line with the historical results of Spider and KWG. These results will be incorporated into an estimate of resource potential report for the two massive sulphide zones that have already undergone historical drilling; we will be including the current drilling. The resource will be updated as the drill program progresses over the remainder of the field season.”
For further information visit:

< go back