Western Uranium Provides Baza Project Update
June 14 2010 - 6:34PM
Marketwired
Western Uranium Corporation (TSX VENTURE: WUC) ("the Company")
provides a material update regarding Baza Project in Spain. An
administrative error in filing an application for the renewal on
one of the Company's permits for the Baza Project has resulted in
the cancellation of that permit. The area in question covers
approximately 1400 hectares of the overall 16000 hectares covered
by the various permits held by the Company.
Actions are being arranged to correct the situation. This may
require the Company to reapply for the permit in a public bid and
it is anticipated that the entire process will take approximately
six months to complete. While there is no certainty of success, the
Company anticipates the permit situation will be resolved
satisfactorily and work will again resume in the canceled area once
the issue is resolved. In the interim, work will be ongoing in the
other areas of the Project.
The data from the recently completed airborne geophysical
program that covered the entire project area is being processed and
incorporated with geological and geochemical data. Results from
this will be used in planning future ground programs and assisting
in delineating drill targets. Drilling of two core holes has been
completed. Until the issue of the canceled permit area is resolved,
core from these holes will not be analyzed.
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
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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