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UPDATE: Uracan Resources Finds Significant Additional Uranium Mineralization But Shares Nearly Touch Year Low

Uracan Resources Ltd. (URC.V) opened lower by almost 8% to 6 cents from yesterday's $0.065 close, nearly touching year low $0.055, even after announcing earlier today the discovery of new areas of significant uranium mineralization on the Pontbriand and Costebelle claim groups of its 100% owned North Shore Property in Quebec.

This work, the company said, was part of the summer 2011 exploration program, in the assessment of the airborne radiometric anomalies and lake sediment anomalies that had not previously been explored.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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