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Updated: 2015-09-25 - 15:49:00

UC Resources Symbol: UC.V

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Copalquin

The Copalquin property is a historically productive 7,000 hectare land package located in the North Western state of Durango in Mexico. Previous drill programs at the Copalquin Project have confirmed potentially economic mineralization at three main target areas, Cometa, Refugio and La Soledad. All of the mineralized zones that have been tested are open at depth and along strike and clearly warrant additional drill testing.

It is important to note that in addition to the zones that have been tested, available data suggests that the extent of the epithermal system at Copalquin may be much larger than has previously been recognized.

The company plans to resume a more detailed exploration program after successful commercial production at La Yesca and upon coming to an agreement close of an ongoing legal dispute over signed agreement with original concessionaire.

It should be noted that recent historical reported results include 5.2 metres of mineralization averaging 45 g/tonne gold and 1,563 g/tonne silver during the Phase II drill program in 2006. Drilling clearly showed that alteration and silicification associated with the epithermal system is pervasive and extensive. UC historical results also included 50 ounces/tonne silver and 1.4 ounces/tonne gold over 5 metre intersection at La Soledad

In 2007, UC intersected 2.45 meters averaging 1.52 ounces per tonne gold and 112.1 ounces per tonne silver at La Soledad.

Copalquin is a very attractive exploration target for gold and silver: 

  • The geology and exploration results are indicative of a potential huge, open pit system (typical of epithermal type systems). Some of the largest gold producers in the world are, in fact, open pit mines, with low grade ore. 
  • The epithermal system also contains high-grade vein-type deposits, which potentially can be mined with an underground mine, or recovered as part of a large open-pit mine.
  • Copalquin has historical production and previous producing mines, allowing leveraged exploration. Looking for high-grade gold and silver near previous producing mines, such as the La Soledad mine, resulted in the discovery of a mineralized zone with an average of 1.4 ounces per tonne of gold and 50 ounces per tonne of silver. 
  • The system is on trend with other major discoveries along the Sierra Madre’s of Mexico, which is one of the world’s most prolific gold and silver mining belts. 
  • Mexico has a most favourable business and regulatory environment for mining and investment.

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