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TORONTO, June 12, 2013 /CNW/ - MillenMin Ventures Inc. (TSXV: MVM) ("MillenMin" or the "Company") announces that it has given notice to the optionor, Nevada Clean
Magnesium Inc. ("Nevada CMI") to terminate MillenMin's option to
acquire an undivided 70% interest in the Windpass gold property (the "Property") situated 10 Km east of Little Fort in Central British Columbia,
pursuant to the option agreement dated March 7, 2012.
The Company has decided to abandon its work on the Property and to
return the Property to Nevada CMI, having fulfilled all the obligations
and commitments thereunder. This decision was made on the basis of the
Company's further review of the 2012 drilling results on the Property
as summarized in a News Release dated January 23, 2013.
MillenMin currently 100% owns 11 uranium claims totalling approximately
18,983 hectares in Northern Saskatchewan. The Company has also engaged
Ping Dong, Ph.D., P.Geo. to prepare a 2013 uranium exploration work
program, and intends to seek additional acquisition opportunities for
uranium properties in the Athabasca Basin region.
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 within the eastern side of the
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, email@example.com.