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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Western Uranium Corp. | TSXV:WUC | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
In addition to the survey that identified the aforementioned target a survey grid was also run over the area of known uranium mineralization at the North Zone. The re-evaluation of the Chevron data coupled with the WUC IP survey over the North Zone suggests previous drilling by Chevron and WUC may not have adequately tested the strongest IP anomalies. A drill test of this area is planned when approval of the Plan of Operation covering this location is received from the BLM.
A comprehensive review of the Chevron Resources IP survey data from the late 1970's and early 1980's showed that IP/Resistivity was an effective tool for targeting uranium by identifying sulfides that are associated with mineralization. The surveys completed by WUC this past spring support this hypothesis and additional surveys are planned elsewhere on the property. These surveys will focus on the area between Horse Canyon and Lone Willow Springs. These areas lie to the east of known mineralization at the North to South Zones and are on top of the caldera. Additional drill programs are planned for fourth quarter of 2010.
Qualified Person
The data disclosed in this press release have been reviewed and verified by the company's chief executive officer and president, Pamela Klessig, PGeo, BA, geology, and qualified person as defined by National Instrument 43-101.
About the Company
Western Uranium Corporation is a mineral exploration company. The Company has exploration properties in Argentina, Nevada, and New Mexico for uranium and has entered into an earn-in agreement with AuEx Ventures for the Baza gold-copper project in Spain. The Company has its head office in Vancouver, Canada; its executive management team is based in Reno, Nevada.
On behalf of the Board of Western Uranium Corporation
Pamela J. Klessig, President & CEO
To view Figure 1 accompanying this press release, please click on the following link: http://media3.marketwire.com/docs/wuc629a.jpg
To view Figure 2 accompanying this press release, please click on the following link: http://media3.marketwire.com/docs/wuc629c.jpg
The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts: Western Uranium Corporation Pamela Klessig Chief Executive Officer 775-827-3311 info@westernuranium.com www.westernuraniumcorp.com
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