QUEBEC – Vancouver’s URACAN RESOURCES has a 43-101-compliant inferred resource of 19.96 million lb U3O8 using a 0.009% cutoff for the Double S zone, part of the company’s 100% owned North Shore uranium property. The property is located near the town of Baie Johan Beetz.
The resource calculation was based on 13,556 m of diamond drilling done to December 2007, according to Uracan. It does not include results of 14,525 m of diamond drilling completed since then. Besides the Double S, the property has several other mineralized zones of interest. Additional drilling is planned.
Uracan has posted the drill assay log for the North Shore project at www.UracanResources.com.