Uranium

Uracan Resources Ltd. (CVE:URC) reports that it has began a 10,000 metre diamond drill program on the Costebelle claim group, North Shore Property, Quebec.

Uracan Resources Ltd. (TSXV:URC) reports that it has began a 10,000 metre diamond drill program on the Costebelle claim group, North Shore Property, Quebec.

The press release is quoted as saying:

This drill program is designed to expand on results from the fall 2010 drill program. Highlights from that drilling program included 59.65 meters of 0.026% U3O8 (265ppm or 0.53 lbs/t) in CA4-10-22 and 11.5 meters of 0.053% U3O8 (532ppm or 1.06 lbs/t) in CC11-10-04.

The mineralized zones at Costebelle are generally open in all directions as channel sampling was limited to areas of existing outcrop exposure, with shallow overburden cover overlaying large areas of the targeted airborne anomalies.

Click here to access the entire news release.

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