MillenMin Completes Prospecting Program at its Athabasca Basin Properties
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TORONTO, Oct. 28, 2013 /CNW/ - MillenMin Ventures Inc. (TSX-V: MVM) ( "MillenMin" or the "Company") is pleased to announce that it has completed a preliminary prospecting program at its Highrock Lake NE Property (the "Highrock property") and Smalley Lake W Property (the "Smalley property"), situated in the eastern side of the Athabasca basin, Northern Saskatchewan, Canada.
The prospecting program mainly included prospecting, outcrop mapping, and checking of the old mineralization showings. There is a historical uranium mineralization showing within the Highrock Property. One trench of about 15 meters long was dug in the centre of the showing in the direction of 67 degrees NE. Mineralized pegmatite, which is light grey in colour, likely experienced hydrothermal alteration. One radioactive outcrop was identified as far as 1600 meters north of the trenched area. Fifteen grab samples were collected from the radioactive outcrops with the RS-125 and RS-230 scintillometer readings of 1,400 to 21,400 cps.
In the Smalley property, a strongly radioactive area with outcrops of granitic gneiss or pegmatite was identified. Scintillometers recorded readings of 7,000 to 28,000 cps from the outcrops covering an area about 65m long and 40m wide. Nine grab samples were collected from the Smalley property.
All grab samples were sent to SRC Geoanalytical Laboratories, an ISO/IEC 17025:2005 accredited facility in Saskatoon, for assaying of uranium and other trace elements. Assay results are currently pending and will be released as they become available.
The prospecting program was supervised by Dr. Ping Dong, P.Geo., a consultant to MillenMin and the qualified person as defined by NI 43-101. Dr. Dong also reviewed and approved the technical information in this news release.
MillenMin is a Canadian company engaged in the acquisition, exploration and development of mineral properties in Canada and intends to deliver value through exploration activities. The Company is currently advancing its uranium properties in the eastern side of the Athabasca basin.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release may include forward-looking information within the meaning of applicable securities laws including information concerning the business and future results of the Corporation. Any such forward-looking statements are subject to risks and uncertainties. Additional information on these and other potential factors that could affect the Company's actual results, performance or achievements are detailed in disclosure documents filed from time to time with the applicable securities regulatory authorities. The Company disclaims any obligation to update or revise any forward-looking information or statements except as may be required under the applicable laws.
SOURCE MillenMin Ventures Inc.For further information:
Yunkai (Kent) Cai, President, Secretary and Director, Telephone: (416) 366-1888, email@example.com