TORONTO, Dec. 10 /CNW/ - NWT Uranium Corp. (TSX-V: NWT; OTCBB: NWURF) is
pleased to announce the successful completion of its first drill program at
the 19,000-acre (7,700-hectare) Picachos project in Durango, Mexico. In total,
21 reverse circulation (RC) holes were drilled covering 10,254 feet
(3,125.5 meters) and samples have been shipped to Acme Analytical Laboratories
for analysis. Drilling at Los Cochis tested the El Fresno target, which is
characterized by high silver geochemistry on surface. Specifically, rock
chip-channel and grab samples returned individual values of up to 145 ounces
per ton (4,975 grams per tonne) silver, 0.25 oz/t (8.61 g/t) gold, 53% zinc as
well as 50% lead.
"Based on visual logging and on-site hand-held instrument X-ray analysis
of the drill samples, 18 of 21 holes contain zinc and silver mineralization,"
said Marek J. Kreczmer, President and CEO of NWT Uranium. "Mineralization
occurs as veins and disseminations in propylitic altered andesitic rocks of
the Lower Volcanic Group. While higher-grade intervals of mineralization
related to veining were intercepted in several holes, NWT is particularly
excited about the possibility that wider intervals of disseminated
mineralization may carry enough silver, gold, lead and zinc for a
large-tonnage, open pit mine."
In total, 2,050 samples were collected from the 21 holes. The samples
have been shipped to Acme Analytical Laboratories in Guadalajara for
multi-element and gold analysis. Analyses and findings will be reported upon
receipt and compilation of results. Drilling was conducted by Layne de Mexico
The El Fresno target is characterized by high silver geochemistry in a
2,625-foot by 1,640-foot (800-meter by 500-meter) area. Results from previous
exploration work included 157 feet (48 meters) of 1.6 oz/t (56 g/t) silver,
0.4% lead and 1.2% zinc (average result of 34 continuous chip-channel samples
across mainly disseminated mineralization).
NWT has an option to earn a 70% interest in Picachos from Yamana Gold as
announced in a press release dated July 12, 2006.
Sampling was supervised by Michelle Robinson, MASc., PEng, who is a
qualified person as defined by National Instrument 43-101 and a consultant to
NWT Uranium. Ms. Robinson has supervised the preparation of and verified all
data in this press release. Samples will be assayed by Acme Analytical
Laboratories using ICP-MS methods. Anomalous values will be re-assayed using
the FA 30 method. Approximately 150 samples will be submitted to a different
laboratory for confirmation.
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.
Some of the assays returned were below the detection limits of the
analytical techniques used to analyze samples.
Potential quantity and grade is conceptual in nature. There has not been
sufficient exploration at Picachos to define a mineral resource and it is
uncertain if further exploration will result in discovery of a mineral
resource on the property.
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