Welcome!

Microsoft Cloud Authors: Pat Romanski, Srinivasan Sundara Rajan, Glenn Rossman, Janakiram MSV, Steven Mandel

News Feed Item

UC Resources Discovers Significant Silver Vein Structure at XORA

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/05/12 -- UC Resources Ltd. ("UC" or the "Company") (TSX VENTURE:UC) is pleased to provide this update to its shareholders, stakeholders and interested parties.

Recent sampling at multiple narrow vein mining locations have now been sampled and site visited by management. The following observations and results were inspected on a recent site visit.

Los Cuatas Vein

The Los Cuatas Vein was mined on three levels to a small extent and on surface along strike to the north.

The Los Cuatas Vein to the north appears to disappear under over burden that outcrops periodically over a kilometre of strike length prior to disappearing under overburden. The vein to the south morphs into an area of stockworks. (a mineralized zone in the form of a network of veinlets diffused in the country rock) The vein and stockwork area appears to be approximately 8 meters wide in places and the following samples have been taken on strike from what remains of the footwall.


------------------------------------------------------------------------
                            Distance                                    
Sample                       (meters)          Au (g/t)          Ag (g/t)
------------------------------------------------------------------------
69141-69154                       14              .35g              307g
------------------------------------------------------------------------
69170-69174                        5              .64g              136g
------------------------------------------------------------------------
69192-69195                        4              .26g              284g
------------------------------------------------------------------------

South and east of the Los Cuatas Vein is Los Cuatas II Vein where sampling across a 7 meter area of the hanging wall has resulted in the following channel sample results.


------------------------------------------------------------------------
                            Distance                                    
Sample                       (meters)          Au (g/t)          Ag (g/t)
------------------------------------------------------------------------
69271-69277                        7              .17g              161g
------------------------------------------------------------------------

To the east of the Los Cuatas Vein, within approximately 200 meters lies the former El Mirador Mine. An adjacent mine referred to as the Mirador II Vein lies approximately 25 meters east of the El Mirador main mine. Channel sampling was conducted between the two mines and two areas of interest on surface were observed.


------------------------------------------------------------------------
                            Distance                                    
Sample                       (meters)          Au (g/t)          Ag (g/t)
------------------------------------------------------------------------
69027-69031                        5              .03g              141g
------------------------------------------------------------------------
69032-69042                       11              .03g              157g
------------------------------------------------------------------------

A channel sample taken 25 meters west of the El Mirador Mine returned .12g of gold and 668g of silver over a one meter width. This showing can be followed on surface and a drill pad has been constructed to drill in an effort to follow the depth and strike of this spectacular assay.

South of Los Cuatas Vein, at approximately 70 meters, resides the Leona II Vein. The Leona Vein is an additional 125 meters south of Leona II. Both vein areas show extensive fracturing and brecciated welded rock with quartz veining. Channel samples taken from Leona II were taken along across the structure and samples taken from Leona were taken from inside the mined area. One interesting element about the Leona Vein, is that it strikes almost east west while all other occurrences are almost exactly north south.


------------------------------------------------------------------------
                            Distance                                    
Sample                       (meters)          Au (g/t)          Ag (g/t)
------------------------------------------------------------------------
Leona II Vein                                                           
------------------------------------------------------------------------
69354-69356                        4             1.59g              129g
------------------------------------------------------------------------
Leona                                                                   
------------------------------------------------------------------------
69288-69291                        4              1.5g              226g
------------------------------------------------------------------------

South of Leona Vein by 150 meters you will find Waterfall l Vein. This is least explored of our new occurrences and have been sampled randomly to date with samples taken over one meter widths. Highlights are as follows:


------------------------------------------------------------------------
                            Distance                                    
Sample                       (meters)          Au (g/t)          Ag (g/t)
------------------------------------------------------------------------
Waterfall Vein                                                          
------------------------------------------------------------------------
69340                              1              1.2g               74g
------------------------------------------------------------------------
69341                              1             2.24g               86g
------------------------------------------------------------------------
69353                              1              1.1g              130g
------------------------------------------------------------------------
69354                              1             3.77g              198g
------------------------------------------------------------------------
69355                              1             1.42g              114g
------------------------------------------------------------------------

Further sampling will be required in this area.

The analyses were completed by accredited ALS Chemex Laboratories of Vancouver.

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

The Company drill rig, after its arrival on site, has had required repairs completed to facilitate efficient, economic and effective drilling. The Company is also in the process of coming to a final agreement with a recently surfaced, local land owner, for unrestricted land access on the UC Resources constructed road to drilling locations.

Some drilling has been completed and core samples are being sent for assays to an accredited laboratory. Results will be released as they are received in minimum two hole lots and the main drilling program plans will recommence in January.

The Company has completed the planned upgrade on the La Yesca milling operations, and now that the rainy season of August to October has concluded, tonnage processed is increasing and production is again moving toward the end goal of commercial production. A 25- year experienced milling consultant has recently visited the site with management and will be assisting in the streamlining of mining operations over the next few months. The company is committed to consistency and most importantly the ability to sustain ongoing production. Staff training, mill flow, strategic planning and all elements of mill operation will be thoroughly examined in January in consultation with our newly retained consultant.

The Company defines Commercial production for the La Yesca production mill as follows:


--  all major capital expenditures to bring the mine to the condition
    necessary for it to be capable of operating in the manner intended by
    management have been completed; 
--  the completion of a reasonable period of testing of the plant and
    equipment; 
--  the ability to produce saleable product (e.g., the ability to produce
    precipitate / concentrate within specifications); 
--  the mill has reached a pre-determined percentage of design capacity; 
--  mineral recoveries are at or near the expected production level; 
--  the ability to sustain ongoing production 

Management is of the opinion that of the items listed that determines commercial production, that the ability to sustain ongoing consistent production is the final challenge.

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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
IoT offers a value of almost $4 trillion to the manufacturing industry through platforms that can improve margins, optimize operations & drive high performance work teams. By using IoT technologies as a foundation, manufacturing customers are integrating worker safety with manufacturing systems, driving deep collaboration and utilizing analytics to exponentially increased per-unit margins. However, as Benoit Lheureux, the VP for Research at Gartner points out, “IoT project implementers often ...
The Jevons Paradox suggests that when technological advances increase efficiency of a resource, it results in an overall increase in consumption. Writing on the increased use of coal as a result of technological improvements, 19th-century economist William Stanley Jevons found that these improvements led to the development of new ways to utilize coal. In his session at 19th Cloud Expo, Mark Thiele, Chief Strategy Officer for Apcera, will compare the Jevons Paradox to modern-day enterprise IT, e...
Complete Internet of Things (IoT) embedded device security is not just about the device but involves the entire product’s identity, data and control integrity, and services traversing the cloud. A device can no longer be looked at as an island; it is a part of a system. In fact, given the cross-domain interactions enabled by IoT it could be a part of many systems. Also, depending on where the device is deployed, for example, in the office building versus a factory floor or oil field, security ha...
SYS-CON Events announced today the Enterprise IoT Bootcamp, being held November 1-2, 2016, in conjunction with 19th Cloud Expo | @ThingsExpo at the Santa Clara Convention Center in Santa Clara, CA. Combined with real-world scenarios and use cases, the Enterprise IoT Bootcamp is not just based on presentations but with hands-on demos and detailed walkthroughs. We will introduce you to a variety of real world use cases prototyped using Arduino, Raspberry Pi, BeagleBone, Spark, and Intel Edison. Y...
Is your aging software platform suffering from technical debt while the market changes and demands new solutions at a faster clip? It’s a bold move, but you might consider walking away from your core platform and starting fresh. ReadyTalk did exactly that. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, will discuss why and how ReadyTalk diverted from healthy revenue and over a decade of audio conferencing product development to start an innovati...
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
There are several IoTs: the Industrial Internet, Consumer Wearables, Wearables and Healthcare, Supply Chains, and the movement toward Smart Grids, Cities, Regions, and Nations. There are competing communications standards every step of the way, a bewildering array of sensors and devices, and an entire world of competing data analytics platforms. To some this appears to be chaos. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, Bradley Holt, Developer Advocate a...
If you’re responsible for an application that depends on the data or functionality of various IoT endpoints – either sensors or devices – your brand reputation depends on the security, reliability, and compliance of its many integrated parts. If your application fails to deliver the expected business results, your customers and partners won't care if that failure stems from the code you developed or from a component that you integrated. What can you do to ensure that the endpoints work as expect...
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, provided tips on how to be successful in large scale machine learning...
If you had a chance to enter on the ground level of the largest e-commerce market in the world – would you? China is the world’s most populated country with the second largest economy and the world’s fastest growing market. It is estimated that by 2018 the Chinese market will be reaching over $30 billion in gaming revenue alone. Admittedly for a foreign company, doing business in China can be challenging. Often changing laws, administrative regulations and the often inscrutable Chinese Interne...
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.
Enterprise IT has been in the era of Hybrid Cloud for some time now. But it seems most conversations about Hybrid are focused on integrating AWS, Microsoft Azure, or Google ECM into existing on-premises systems. Where is all the Private Cloud? What do technology providers need to do to make their offerings more compelling? How should enterprise IT executives and buyers define their focus, needs, and roadmap, and communicate that clearly to the providers?
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management solutions, helping companies worldwide activate their data to drive more value and business insight and to transform moder...
The many IoT deployments around the world are busy integrating smart devices and sensors into their enterprise IT infrastructures. Yet all of this technology – and there are an amazing number of choices – is of no use without the software to gather, communicate, and analyze the new data flows. Without software, there is no IT. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the protocols that communicate data and the emerging data analy...
Digital innovation is the next big wave of business transformation based on digital technologies of which IoT and Big Data are key components, For example: Business boundary innovation is a challenge to excavate third-party business value using IoT and BigData, like Nest Business structure innovation may propose re-building business structure from scratch, as Uber does in the taxicab industry The social model innovation is also a big challenge to the new social architecture with the design fr...
Data is an unusual currency; it is not restricted by the same transactional limitations as money or people. In fact, the more that you leverage your data across multiple business use cases, the more valuable it becomes to the organization. And the same can be said about the organization’s analytics. In his session at 19th Cloud Expo, Bill Schmarzo, CTO for the Big Data Practice at EMC, will introduce a methodology for capturing, enriching and sharing data (and analytics) across the organizati...
IoT is fundamentally transforming the auto industry, turning the vehicle into a hub for connected services, including safety, infotainment and usage-based insurance. Auto manufacturers – and businesses across all verticals – have built an entire ecosystem around the Connected Car, creating new customer touch points and revenue streams. In his session at @ThingsExpo, Macario Namie, Head of IoT Strategy at Cisco Jasper, will share real-world examples of how IoT transforms the car from a static p...
There is little doubt that Big Data solutions will have an increasing role in the Enterprise IT mainstream over time. Big Data at Cloud Expo - to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA - has announced its Call for Papers is open. Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is...