Western Uranium Begins Drill Program at Kings Valley
June 29 2010 - 8:30AM
Marketwired
Western Uranium Corporation (TSX VENTURE: WUC) ("the Company" or
"WUC") is pleased to announce that drilling will commence on the
Kings Valley Project in Nevada on July 6th. This drill program will
be focused on testing a strong geophysical anomaly that occurs west
of the area between the North and South zones of known uranium
mineralization (Figures 1 and 2). Although the area does not return
highly anomalous uranium in rock chip samples at surface, copper
and gold have been detected up to 0.9% copper and 0.25 g/t gold in
silicified granodiorite and 500 ppm copper and 18 ppb gold in
propylitized granodiorite. Stream sediment samples west of the
identified anomaly also yielded anomalous copper values. The
geophysical anomaly has coincident strong resistivity, high
chargeability readings (IP) and a magnetite destructive signature.
All three are the type of signatures that may be associated with
porphyry style mineralization. The interpretation of the
geophysical data suggests that potential altered or mineralized
rock is near surface. A drilling program of 6-10 angle holes
averaging 250 meters in depth is planned and permitted. Drill pad
and road construction are underway.
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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