Northwestern and UraMin provide update on drill program underway in Niger



    TORONTO, June 27 /CNW/ - Following their successful agreement to form a
Joint Venture Company in Niger, Northwestern Mineral Ventures Inc. (TSX-V:
NWT; OTCBB: NWTMF) and UraMin Inc. (TSX: UMN; AIM: UMN) commenced drilling on
the highly prospective Irhazer and In Gall concessions. The phase one program
is scheduled to include a total of 6,562 feet (2,000 meters) of mud rotary
drilling to be completed prior to the start of the rainy season in Niger. The
drill program is focusing on high-priority areas near radioactive structural
domes that were discovered during earlier ground exploration.
    "This drill phase marks the beginning of a major, expanded exploration
program on our sizeable Niger property portfolio and we are pleased to have
rapidly commenced drilling at Irhazer and In Gall," said Marek J. Kreczmer,
President and CEO of Northwestern and Managing Director and CEO of the Joint
Venture Company. "Irhazer and In Gall have so far returned high-grade uranium
values of up to 1.0% U(3)O(8) from widely spaced rock chip samples. We look
forward to revealing the full potential of our Niger concessions."
    Ian Stalker, Executive Deputy Chairman of the Joint Venture Company,
said, "The rapid progress made so far highlights our commitment to the
development of our activities in Niger and we look forward to updating the
market as soon as is practicable as to the results of this exploration
drilling. Work on the UraMin properties in Niger, which forms part of the new
JV Company, has also commenced on the ground."
    Sites being tested in this initial phase of drilling include a total of
three targets at Irhazer and In Gall. The aim of the program is to test in the
vicinity of radioactive structural domes, buried sandstone units known for
hosting economic mineralization at the nearby Azelik and Imouraren ore bodies.
    Drilling is being conducted by ESAFOR of Arlit, Niger. ESAFOR is one of
the major drilling companies involved in uranium exploration and exploitation
in Niger. At least 14 holes are planned to test areas with potential uranium
mineralization at shallow depths during this first phase of drilling.

    Joint Venture Property Portfolio

    The Joint Venture Company boasts eight uranium properties - known as
Irhazer, In Gall, Kamas 1 to 4, and Dabala 3 and 4 - covering a total of
1,673,644 acres (6,773 square kilometers).
    Irhazer and In Gall have returned uranium values ranging from 0.22%
U(3)O(8) to 1.0% U(3)O(8) from five surface rock samples collected from
outcrops, as reported in a Northwestern Mineral Ventures press release on May
29, 2007. These samples were submitted for re-analysis after they exceeded the
detection limits of uranium tests routinely used to analyze samples from
Niger. Producing mines and deposits in Niger typically grade from 0.1% to
0.42% U(3)O(8), with the highest grades being mined at greater depths.
    Kamas 1 to 4 and Dabala 3 and 4 are adjacent and situated along the
proven Arlit fault, north of a successful uranium-producing mine.
    The formation of the new corporation and completion of the transactions
are subject to review and approval in the Republic of Niger, as well as the
receipt of all applicable regulatory approvals (including the approval of the
TSX Venture Exchange) and a favorable fairness opinion.

    ABOUT NORTHWESTERN:

    Northwestern Mineral Ventures (www.northwestmineral.com) is an
international resource exploration company with an experienced management
team. The company is focused on properties in Niger and Canada with potential
uranium targets. Northwestern also has a precious and base metal property in
Mexico. Northwestern is listed on the NASD Bulletin Board under the symbol
"NWTMF" and the TSX Venture Exchange under the symbol "NWT."

    ABOUT URAMIN:

    UraMin (www.uramin.com) was established in 2005 to acquire and develop
mineral properties, predominantly uranium. UraMin is focused on advancing its
100%-owned Trekkopje uranium project in Namibia to the completed Definitive
Feasibility Study stage. A trial mine is planned for the fourth quarter of
2007 and commercial production is planned for late 2008. The Company also has
a feasibility study underway at its 90%-owned Bakouma uranium project in the
Central African Republic and on its 74%-owned Ryst Kuil uranium project in
South Africa. SRK is the lead consultant for the Ryst Kuil Project.
    UraMin intends to bring these near-surface open-pitable projects into
production, utilizing efficient mining and processing methods currently in
practice worldwide in similar deposits in a cost-effective manner.
    UraMin also has a number of exploration projects in both Africa (Chad,
Niger, Senegal and Mozambique) and joint venture projects in Canada (the Rea
Project within the Athabasca Basin in Alberta and the Labrador Project in
Quebec) on which it is advancing exploration programs that could provide a
pipeline of potentially economic uranium projects for the future.

    Mr. G M Greenway, Pr.Sci.Nat (SACNASP), MSAIMM, MGSSA, is the qualified
person responsible for the current exploration program in Niger and has
verified the data reported above. Mr. Greenway is a consultant to UraMin, and
has sufficient experience relevant to the style of mineralisation and type of
deposits under consideration and to the activity which he is undertaking, to
qualify as a Qualified Person for the purposes of the geological section in
this report. Mr. Greenway has no interest in the company and has consented to
the inclusion in this report of his name in the form and context in which it
appears.

    
    GLOSSARY
    -------------------------------------------------------------------------
    Definitive Feasibility Study      a comprehensive study of a deposit in
                                      which all geological, engineering,
                                      operating, economic and other relevant
                                      factors are considered in sufficient
                                      detail for it to reasonably serve as
                                      the basis for a final decision by a
                                      financial institution to finance the
                                      development of the deposit for mineral
                                      production
    -------------------------------------------------------------------------
    U(3)O(8)                          Triuranium octaoxide
    -------------------------------------------------------------------------
    uranium                           heavy silvery-white metallic element
                                      found in several minerals, notably
                                      uraninite and carnotite
    -------------------------------------------------------------------------
    

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this news release.

    This news release includes certain "forward looking statements" within
the meaning of the United States Private Securities Litigation Reform Act of
1995. Without limitation, statements regarding potential mineralization and
resources, exploration results, and future plans and objectives of the Company
are forward looking statements that involve various degrees of risk. The
following are important factors that could cause the Company's actual results
to differ materially from those expressed or implied by such forward looking
statements: changes in the worldwide price of mineral commodities, general
market conditions, risks inherent in mineral exploration, risks associated
with development, construction and mining operations, the uncertainty of
future profitability and the uncertainty of access to additional capital.
    Potential quantity and grade is conceptual in nature, there has been
insufficient exploration to define a mineral resource on any of the properties
referenced in this press release and it is uncertain if further exploration
will result in any such targets being delineated as a mineral resource. The
technical information which forms the basis for the disclosure regarding the
Irhazer and In Gall properties contained herein was prepared by Graham
Greenway, an independent consultant, who is a qualified person within the
meaning of National Instrument 43-101 of the Canadian Securities
Administrators.
    Additional information about Northwestern's Niger properties is contained
in press releases dated June 4, 2007, May 29, 2007, April 30, 2007, March 15,
2007, March 1, 2007, December 14, 2006, October 25, 2006, September 29, 2006,
September 22, 2006, June 15, 2006, May 23, 2006, May 2, 2006 , March 27, 2006
and March 8, 2006.





For further information:

For further information: Marek J. Kreczmer, M.Sc., P.Eng., President and
CEO, (866) 437-9551, info@northwestmineral.com; Neil Herbert, Chief Financial
Officer, Tel: +27 11 783 5056; Nominated Advisor, Canaccord Adams Limited,
Robin Birchall, Tyler Broda, Tel: +44 20 7050 6500; Toronto, Steve Vaughan,
Tel: (416) 643-6924

Organization Profile

NWT Uranium Corp.

More on this organization

URAMIN INC.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890