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UC

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Share Name Share Symbol Market Type
TSXV:UC TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
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UC Resources to Commence Drilling Program at the Mirador and Las Cuatas Mines

30/07/2012 2:30pm

Marketwired Canada


UC Resources Ltd. (TSX VENTURE:UC) ("UC" or the "Company") is pleased to provide
this update to its shareholders, stakeholders and interested parties.


The company has recently completed a sampling program at the Mirador and Las
Cuatas mine locations within the Xora concession immediately adjacent to the La
Yesca production mill.


The intention of the company has always been to maximize opportunities that
exist within its current assets. With the cash made available to the company
from the sale of its McFaulds Lake asset in Canada, the company is in a position
to realize the opportunities that may occur through exploration within its
current mining concessions. One of the strategies the company believes fits well
into its current operations and production at the La Yesca mill operation is to
continually add new mill supply to extend the life of the mill and to enhance
recovery rates.


Upon his arrival to UC Resources Ltd., managing Geologist, Mr. Gerardo Tarin,
was dispatched to better understand the upper reaches of the XORA claim that
contain the Colorada, Mirador and Las Cuatas mines. Extensive sampling has been
performed both on surface and underground within the Las Cuatas and Mirador
mines to date. The Mirador and the Las Cuatas mines are 200 metres apart and
during the sampling process, the company discovered areas that extend further
than previously observed.


Of particular interest is what appears to be a continuation of the Las Cuatas
vein that has now been followed on surface for some 40 metres to the north
before it is covered by overburden. A second adit, not previously known to us,
has been discovered at the Mirador mine as well.


Because of these discoveries, a drill will be mobilized to the site in late
August and will conduct a shallow drill program to test the underground extent
of the Las Cuatas vein on strike and the Mirador vein's extent. The company
plans an initial 6 hole, 1000 metre drill program.


Following are the highlights of the sample program:



----------------------------------------------------------------------------
Sample Type             Sample number       # of    Interval      Au      Ag
                                         samples          (m)    g/t     g/t
Cuatas Mine          Surface Sampling                                       
                            From / To                                       
channel                      69141-50         10         10m    0.34     391
channel                         69166          1          1m     1.4    1300
channel                         69183          6        5.5m    1.28     188
channel                      69192-94          3          3m    0.33     366
channel                      69210-11          2          2m    1.84      31
                                                                            
Cuatas In Mine            Underground                                       
                            From / To                                       
chip                         69081-89          9          9m    1.16     335
chip                         69090-02         12         12m    1.69     128
chip                         69137-40          4          4m    3.09     203
                                                                            
Mirador              Surface Sampling                                       
                            From / To                                       
channel                     126287-89          3          3m    0.01     205
channel                      69033-44         11         11m    0.02     160
                                                                            
Mirador                   Underground                                       
                            From / To                                       
chip                        126261-63          3          3m       0     193
chip                        126274-75          2          2m    0.04     347
chip                        126276-77          2          2m    0.01     250
chip                        126264-67          4          4m    0.04     139
chip                        126268-69          2          2m    0.02     187
chip                        126249-50          2          2m    0.08     362
chip                        126287-90          3          3m    0.01     205
----------------------------------------------------------------------------



Sampling continues along strike of the Las Cuatas vein as well as other showings
that have recently been discovered in the lower reaches of the XORA claim.


The analyses were completed by accredited ALS Chemex Laboratories of Vancouver.
The results to date along with the expected drill results will be evaluated for
both bulk mining and selective mining methods.


John Archibald, P.Geo., a qualified person pursuant to NI 43-101, has reviewed
and approved the technical information in this press release on behalf of the
company.


UC Resources is an active explorer and producer of precious metals in Mexico.

On behalf of the Board of Directors,

Gary Monaghan, Chief Executive Officer

We seek safe harbour.

Investors or interested parties are invited to visit the UC Resources Website at
http://www.ucresources.net - where they can choose to join the opt-in e-mail
list to receive all future press releases and updates in real time.


This news release includes certain forward-looking statements or information.
All statements other than statements of historical fact included in this
release, including, without limitation, statements relating to the potential
mineralization and geological merits of the La Yesca properties and other future
plans, objectives or expectations of the Company are forward-looking statements
that involve various risks and uncertainties. There can be no assurance that
such statements will prove to be accurate and actual results and future events
could differ materially from those anticipated in such statements. Important
factors that could cause actual results to differ materially from the Company's
plans or expectations include risks relating to the actual results of current
exploration activities, fluctuating gold prices, possibility of equipment
breakdowns and delays, exploration cost overruns, availability of capital and
financing, general economic, market or business conditions, regulatory changes,
timeliness of government or regulatory approvals and other risks detailed herein
and from time to time in the filings made by the Company with securities
regulators. The Company expressly disclaims any intention or obligation to
update or revise any forward-looking statements whether as a result of new
information, future events or otherwise except as otherwise required by
applicable securities legislation.


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