UCR Drill Targets Selected for Winter Campaign
Release Date: March 28, 2006
13:22 EST Tuesday, March 28, 2006
KIRKLAND LAKE, ON, March 28 /CNW/ – Uranium City Resources Inc (“UCR”) today announced that it has finalised the selection of targets for its drilling campaign planned to commence in late March to early April.
UCR prioritised its targets by utilising the more than 2,000 EM responses outlined by the VTEM survey earlier undertaken by the Company (please see release of 24-Oct-05). Combining the compiled VTEM survey with geochemical surveys resulted in more precise drill targeting.
UCR is budgeting $500,000 for this drilling campaign which will focus on targets at the Lorado, Fish Hook and Nicholson Uranium Projects. The total extent of drilling is anticipated to total approximately 5,000 metres. Bob Kasner, CEO of UCR said “This is the first substantial uranium drilling campaign undertaken in Uranium City since 2005 and is certainly one of the largest major campaigns since the rush of 1950 through 1970. The recognised potential for unconformity-hosted uranium mineralisation along the southern edge of UCR’s properties is a key feature that we will continue to focus on.”
About Uranium City Resources
Uranium City Resources is a dedicated Uranium exploration and development company with extensive land holdings in the past producing and logistically well located Uranium City region of Northern Saskatchewan. Saskatchewan is currently the largest uranium-producing region in the world with annual production of approximately 30 million pounds of uranium. The Company is well financed with over $2.5 million in the treasury.
This press release contains forward-looking statements based on assumptions, uncertainties, and managements’ best estimates of future events. Actual results may differ materially from those currently anticipated. Investors are cautioned that such forward-looking statements involve risks and uncertainties. Important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements are detailed from time to time in UCR periodic reports filed with the Ontario Securities Commission and other regulatory authorities. UCR has no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Forward looking statements:
This news release contains certain forward-looking statements. These forward-looking statements are subject to a variety of risks and uncertainties beyond UCR’s ability to control or predict, which could cause actual events or results to differ materially from those anticipated in such forward-looking statements. Although UCR believes that the assumptions inherent in the forward-looking statements are reasonable, undue reliance should not be placed on these forward-looking statements.
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responsibility for the adequacy or accuracy of this release.
http://www.uraniumcityresources.com UCR:TSX-VFor further information: please contact: Robert J. Kasner, Phone (705) 567-5351, Fax: (705) 567-5557, E-Mail: firstname.lastname@example.org; David M. Leng, phone (416) 987-7188, Cell (905) 537-5377, Email: email@example.com