TORONTO, Sept. 18 /CNW/ - NWT Uranium Corp. (TSX-V: NWT; OTCBB: NWURF),
as operator, and its partner Azimut Exploration Inc. (TSX-V: AZM) are pleased
to announce that drilling has commenced at the North Rae uranium project in
the Ungava Bay region of northern Quebec, Canada. The drill program, which
commenced in August, is focused on the highest priority areas of the property,
comprising previously identified radioactive targets. Five holes totaling
1,188 feet (362 meters) have so far been completed and drilling is continuing.
"Progressing to the drill phase is an exciting step forward and takes our
work at North Rae to a new level," said Marek J. Kreczmer, President and CEO
of NWT Uranium. "The focus of our drill program is to determine the presence
of potentially economic mineralization in recently identified radioactive
targets. We plan to continue drilling until the onset of winter conditions in
the Ungava Bay region and look forward to revealing the full potential of our
Quebec uranium concessions."
Sites scheduled for testing in this initial phase of drilling include
recently identified radioactive targets in five zones - Tasik, Tasialuk,
Aqpiq, Ilaluga and Jonas. The aim of the program is to test radioactive
anomalies, the source of yellow alteration minerals and areas that have
returned anomalous uranium values from rock grab samples. The exploration
model focuses on large near-surface targets with open-pit potential. Drilling
is being conducted by Forage à Diamant Benoit Ltée of Val d'Or, Quebec.
Results at North Rae continue to underscore the area's potential to host
a new uranium district. A total of seven radioactive zones have so far been
identified for follow-up work and grids have been completed on four of these
areas. These areas of elevated radiometry registered values ranging from 1,000
to 100,000 counts per second (cps) in sharp contrast to background values of
approximately 120 cps.
The Tasik zone covers an area of elevated radiometry measuring 3,280 feet
(1,000 meters) by 328 to 492 feet (100 to 150 meters). Tasialuk contains a
radioactive area measuring 3,280 feet (1,000 meters) by 656 to 984 feet (200
to 300 meters). Aqpiq, Ilaluga and Jonas are still undergoing ground
NQ core is split in half on site, with one half collected for sample
analysis and the other half remaining as reference material. Samples selected
for analysis will be sent to Saskatchewan Research Council of Saskatoon for
analysis using both aqua regia and total acid digestion followed by ICP.
Industry standard Quality Control/Quality Assurance protocols have been
implemented, including insertion of certified reference material.
NWT is pleased to announce that its Controller, Mr. William (Bill) David
Thomas, has been elevated to the position of Chief Financial Officer effective
September 1, 2007. Mr. Thomas joined NWT Uranium Corp. as Controller on July
16, 2007, as reported in a press release issued that same date.
ABOUT NWT URANIUM:
NWT Uranium Corp. (www.northwestmineral.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
Mr. Rejean Girard, P.Geo., of IOS Services Géoscientifiques Inc. based in
Chicoutimi, Quebec, who is a Qualified Person (QP) as defined in National
Instrument 43-101, is responsible for the current exploration program at North
Rae and has verified the data reported above. Mr. Girard is a consultant to
NWT Uranium and has sufficient experience relevant to the style of
mineralization and type of deposits under consideration and to the activity
which he is undertaking to act as a Qualified Person for the purposes of the
geological section of this press release. Mr. Girard has no interest in NWT
Uranium and has consented to the inclusion in this press release of his name
in the form and context in which it appears.
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.
For further information:
For further information: Marek J. Kreczmer, M.Sc., P.Eng., President and
CEO, NWT Uranium Corp., (866) 437-9551, firstname.lastname@example.org