Mesa Uranium Begins Drilling at Lisbon Valley Project
Mesa Uranium Corp. is pleased to announce commencement of drilling at its 100%-owned Lisbon Valley project in San Juan County, Utah. Bob Beeman Drilling Company of Moab, Utah has been selected as the drilling contractor and Jet West Geophysical Services of Farmington, New Mexico will provide drill hole logging services. Drill programs have been designed for the following target areas with an expected minimum of 50,000 feet:
– The SE Lisbon Mine target drilling will offset significant uranium mineralized found in Mesa holes L-4 and L-7 (news release dated September 14, 2006). Mesa’s drill results to date in this large prospective area validate Mesa’s exploration model, which predicts potential for large uranium deposits.
– Mesa drilled the North Alice target in 2006, and drill hole NA-3 intercepted strong uranium mineralization (see Mesa news release dated December 13, 2006). The 2007 drilling will offset these successful results. – The Lisbon Springs target contains data from oil wells and 1970′s drilling which indicate a strong mineralized trend consistent with Mesa’s conceptual model. – The planned drilling in the Utah State lease, Section 32 will test for shallow uranium mineralization in the Cutler Formation along the prolific trend defined by the historic Uranerz, Velvet, and Bacardi uranium mines. – Drilling within the La Sal Uranium Mining District on the La Sal Channel will test the Salt Wash member of the Morrison Formation.
– Drilling is planned on the west side of the Lisbon Valley Mining District, where a number of favorable uranium trends exist.
A map showing these targets can be found at the following link:
Target Summary Map http://www.mesauranium.com/i/maps/Targetsummarymap.jpg
About Mesa Uranium
Mesa Uranium Corp. is a uranium exploration company focused on proven uranium districts in the western United States. Mesa’s lead project is the 100%-owned Lisbon Valley project in the Lisbon Valley Mining District in Utah. The District produced over 85 million pounds of U3O8, at some of the highest uranium grades in the United States, averaging 0.4% U3O8. The Lisbon Valley Mining District is located in the Colorado Plateau region, 30 miles south of Moab, in San Juan County, Utah. For further information about Mesa Uranium please visit our website at www.mesauranium.com.
The Mesa Uranium Projects are managed by Gregory French, P. Geo., a Qualified Person as defined by National Instrument 43-101 guidelines. This Press Release has been prepared and revised under the supervision of Gregory French, Technical Advisor for Mesa.
ON BEHALF OF THE BOARD
MESA URANIUM CORP.
Foster Wilson, President and CEO
This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, including the likelihood of commercial mining and possible future financings are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include unsuccessful exploration results, changes in metals prices, changes in the availability of funding for mineral exploration, unanticipated changes in key management personnel and general economic conditions. Mining is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. For more information on the Company and the risks and challenges of its business, investors should review the Company’s annual filings that are available at www.sedar.com.
The TSX Venture Exchange has neither approved nor disapproved of the contents of this news release.
Contacts: Mesa Uranium Corp. Wayne Marsden Toll Free: 1-866-337-1235
Source: Mesa Uranium Corp.