VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 6, 2012) - UC Resources Ltd. ("UC" or the "Company") (TSX VENTURE:UC) is pleased to provide this update to its shareholders, stakeholders and interested parties.
The company is pleased to announce that it has discovered another previously unknown existing mine on the La Yesca property just North of the recently discovered La Leona Mine. This prospect, now named La Leona II, is between the La Leona and Las Cuatas mines approximately 125 meters straight north of the La Leona mine entrance. In this area of interest, 36 test samples were taken and are being submitted for analysis. The site appears interesting as there is evidence of modular to strong movement of hydrothermal fluids, quartz-pyrite in veins, and fractures with quartz infills, matrix supported silicified breccias and some evidence of potassic alteration (potassic feldspar, biotite, etc), red jasperoids, coarse grained quartz with overgrowths in open space approximately 10 centimeters and smaller. The width of the structure appears to widen at a depth of 1.6 metres. Site preparation, channel sampling, and mapping is being done between Las Cuatas and La Leona.
The company drill has arrived on site and drilling will commence at Las Cuatas, Mirador and La Leona sites as directed by Head Geologist Gerardo Tarin. Road construction has been underway to gain access to determined drill locations. Drill pads are expected to be ready within the next few days and drilling will start.
The company will pursue the new La Leona II prospect as it could potentially add to the company strategy to add fresh material to extend the life of the mill and enhance long term recovery rates.