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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
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
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
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
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, firstname.lastname@example.org