Results of surface rock-chip samples reveal U(3)O(8) grades up to 0.98%
TORONTO, Feb. 14 /CNW/ - NWT Uranium Corp. (TSX-V: NWT; OTCBB: NWURF) is
pleased to provide a further update for its shareholders regarding the
activities of Niger Uranium Limited, of which NWT is the largest shareholder
with a 38.5% ownership position.
As announced by Niger Uranium in a press release dated January 28, 2008,
Phase 1 drilling and trenching has commenced at Irhazer and In Gall. Drilling
is continuing and is scheduled to include 18 holes totaling 8,200 feet
(2,500 meters) with completion scheduled for March 2008. To date, Niger
Uranium has completed 1,150 feet (352 meters) of tri-cone drilling and
radiometric probing is underway.
The drilling target is a large, open-pittable resource, where a number of
surface grab samples and geological mapping indicate strike extensive
stratiform mineralization that is exposed at the surface. Phase 2 drilling,
currently expected to consist of 24,600 feet (7,500 meters), is scheduled to
commence in April.
Niger Uranium also reported that groundwork on northerly, structurally
controlled targets is underway at Irhazer and In Gall, while mapping, ground
magnetics and track-etch radon detection work is expected to commence in early
February. Surface rock-chip samples taken in 2007 and analyzed in January 2008
from the targets range from 45 to 9,829 ppm (0.98% U(3)O(8)) and confirm the
highly prospective character of these targets. Results for all samples and a
map outlining grab samples are available on Niger Uranium's web site at
In addition, Niger Uranium received a significant dataset from Areva,
containing large amounts of historic data on the license areas and surrounding
areas. The company expects the data to assist with target generation and help
fast-track the exploration program.
No drilling has yet commenced at the Kamas and Dabala license areas.
For further information on Niger Uranium's 2008 exploration program,
please visit the company's web site at www.niger-uranium.com, where the press
release from January 29, 2008 can also be viewed.
NWT contributed the Irhazer and In Gall properties to Niger Uranium, as
detailed in a press release dated July 26, 2007. The two properties 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 press release
on May 29, 2007, available on SEDAR at www.sedar.com. 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.
The information contained in Niger Uranium's announcement has been
reviewed by Keith Kenyon (MSc. AUS IMM), Geochemical Consultant to Niger
Uranium. He is the Qualified Person overseeing the geochemical exploration on
the In Gall-Irhazer licenses. Mr. Kenyon has 36 years experience in gold and
uranium exploration and geochemistry and he is undertaking to act as a
Qualified Person for the purposes of this announcement.
The chemical analyses were undertaken by SGS Minerals, Southern Africa;
58 Melvill Street, Booysens, Johannesburg, 2091, Tel. +27 (0)11 680-3466. This
is a properly equipped, fully accredited laboratory undertaking analyses and
assays for the mining industry.
ABOUT NWT URANIUM:
NWT Uranium Corp. (www.nwturanium.com) is an international resource
exploration company with an experienced, highly technical management team.
Since its inception, NWT has concentrated on the acquisition of properties
with potential uranium targets. NWT Uranium is listed on the NASD Bulletin
Board under the symbol "NWURF" and the TSX Venture Exchange under the symbol
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.
For further information:
For further information: Marek J. Kreczmer, M.Sc., P.Eng., President and
CEO, NWT Uranium Corp., (866) 437-9551, email@example.com