Updated: 2013-06-18 - 15:58:00
UC Resources Symbol: UC.V
The Xora claim is directly adjacent to the La Yesca mill and is a significant exploration asset with an inferred mineral resource of 11,730 tonnes grading 0.70 g/t gold and 619 g/t silver. Within the Xora claim is the La Colorado mine, a past producing gold and silver mine, tonnage mined is unknown. Lower grade gold and silver found immediately east of the La Colorada mine opening suggests that a zone of bulk mineable material may exist on the property, within which there may be additional high grade mineralization similar to the La Colorada vein. Mapping and sampling of the Xora claim will commence in the first quarter of 2012 followed by drilling of the more interesting areas based on the new sampling, mapping, and previous ground IP geophysics. Assuming grades of success for silver and gold would allow for the expansion and extension of materials supplied to the La Yesca production mill site.