This drilling is focused on two areas of the property that include the Costebelle A4 and CC11 zones, part of the company’s 100% owned North Shore project.
The CC11 zone represents a new discovery for 2010, emphasizing the potential for the North Shore property to host additional significant uranium mineralization.
The assays include 59.65m of 0.026% U3O8 (265ppm or 0.53lbs/t) in CA4-10-22 and 14.65m of 0.023% U3O8 (231ppm or 0.46lbs/t) in CC11-10-02.
The 16 hole, 2,075m fall drill program was designed to follow up exploration targets outlined during the winter 2010 drill program at the A4 zone, as well as drilling targeted surface sampling results from the 2010 work program.
The CC11 zone drilling represents a new discovery in the Costebelle claim area and is located approximately 3km east of the A4 zone.
Mineralization at the CC11 zone is hosted by a mineralized pegmatite ranging up to 14.65m drilled length.
Mineralization in drilling and surface channel sampling has been defined over an 800m strike length within a 1200m airborne radiometric anomaly.
The mineralized pegmatite appears to be dipping to the northwest at CC11 based on surface mapping and drilling results.
Drilling has also confirmed that uranium mineralization at the Costebelle A4 Zone continues down dip from the surface channel samples and previous drill holes.
Mineralization is open along strike and to depth starting from surface throughout this area. Mineralization has been extended to approximately 200m down dip from the surface outcrop mineralization.
A total of 1660.75m in 12 diamond drill holes were completed during October and November 2010.
Uracan’s fall drilling objective was to further identify the extent of mineralization encountered in drill results and surface results outlined during both the winter 2010 drill program and the subsequent summer 2010 sampling program.
