Uracan discovers significant new uranium mineralization

Uracan Resources reports on assay results from the initial 12 drill holes completed during its 2010 winter drilling campaign.

Uranium mineralization at the Costebelle A4 zone occurs as broad multiple stacked mineralized zones hosted by pegmatite dykes and sills with drilled thicknesses ranging from 0.5 meters up to 41 meters. The true thickness of these zones is unknown at this time but is thought to be similar to drilled thickness. Uranium occurs both as disseminated mineralization throughout the pegmatites as well as higher grade secondary enriched zones occurring along fracture planes. Additional drill results are still pending from areas along strike from the drill holes discussed in this news release.

For complete news release, click here.