“UC Resources is rapidly advancing in Mexico to acquire an asset base of high quality silver and gold production assets with significant upside on their exploration potential. It is my personal objective as well that UC will continue to mount an aggressive exploration program at McFauld’s Lake in what appears to be on the most exciting exploration areas in Canada.”
Board of Directors
Highlights:
Management has enjoyed a successful track record in mining development and capital markets
Has one of the largest land packages of company in the McFauld’s Lake area of the James Bay Lowlands of Ontario
Mexican projects are in the heart of the Sierra Madre Mining Belt
Additional acquisitions in advanced stages of evaluation
Corporate Achievements Include
2006 - Acquisition of Minera Planet Mexican Exploration Subsidiary
2006- Acquisition of Minera Silver Creek Mexican Production
2006- Acquisition Letter of Intent signed in August 2006 to acquire El Alizal Mexican Subsidiary
High-grade and low-grade silver and gold encountered, indicative of a major epithermaltype deposit
2005/2006 Phase II Drilling at Copalquin clearly showed that alteration and silicification associated with the epithermal system is pervasive and extensive
Discovered a 5 metre wide mineralized zone at La Soledad target of 50 oz/tonne silver and 1.4 oz/tonne gold
Phase 2 surface trenching & sampling returned economic silver and gold values extending the strike length of the zone
2006 - Increased land package of flagship Copalquin Mining District from 7,000 to 64,000 hectares (640 sq. km’s) in two phases
2005-2006 - Completed 3 rounds of equity financing for $4+ million for exploration and production acquisitions in Mexico
UC Resources has the following three main corporate objectives for this coming year:
Growth through new acquisitions.
Exploration and development of flagship Copalquin Mining District.
Develop recent production acquisitions: La Yesca, La Dura and Mar projects.
Enhance valuation of asset through modern exploration techniques
UC’s efforts on exploration will be divided between high-grade veins and low-grade economic bulk open pit style deposits. We feel that due to recent drilling achievements there exists a significant opportunity for both types of deposits on the Copalquin concession. Minimizing shareholder risk will be achieved through leveraged exploration. La Yesca will be the first production property generating cash flow and aid UC Resources in its mission to prove up substantial gold and silver resources, thus maximizing the market value of all of our assets.
