/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY
CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS./
TORONTO, May 6, 2013 /CNW/ - MillenMin Ventures Inc. (TSXV: MVM) ("MillenMin" or the "Company") is pleased to report that it has acquired by staking 11 uranium claims
(the "Uranium Properties") totalling approximately 18,983 hectares. The Uranium Properties are
100% owned by the Company and are principally situated within the
eastern side of the Athabasca basin, Northern Saskatchewan, Canada.
The Uranium Properties are geologically located in the Mudjatik Domain
and the Wollaston Domain of the Eastern Athabasca Basin, one of the
most prolific uranium producing areas of the world. The Uranium
Properties were staked to explore for shallow basement-hosted
low-grade/high-tonnage uranium deposit and potential unconformity-type
high-grade uranium deposit. In summary, the Uranium Properties include
Highrock Lake NE Property comprises two claims of 2,759 hectares along
the southeastern margin of the Athabasca Basin, about 20 km southeast
of Key Lake mine. The exploration target is pegmatite-hosted uranium
mineralization and unconformity-type high-grade uranium mineralization.
Smalley Lake W Property covers one claim of 1,648 hectares,
approximately 80 km southwest of Key Lake mine. The exploration target
is clastic sediment associated, shear hosted uranium mineralization. A
mineralized area of 240 meters long and 15 meters wide in a low ridge
of biotite-quartz-feldspar psammite was identified by Uranex Ltd. and E
& B Explorations Ltd in 1977. Yellow uranium stain occurs as infillings
in minute fractures within the psammite. Scintillometer readings at the
showing reached 8000 cps. Two grab samples returned values of 0.134%
and 0.498% U3O8, respectively.
Daly Lake North Property covering one claim of 3,812 hectares is located
80 km southwest of Key Lake mine. The exploration target is pegmatite
hosted U-REE mineralization. Structurally controlled, basement-hosted U
and Th (+/-REE) mineralization has been identified within the Eastern
Wollaston Domain, such as the Uracan Resources Ltd.'s Pipewrench Lake
uranium showing to the south of the property and JNR Resources' (now
Denison's) Fraser Lakes mineralized zones to the north.
Cochrane River Property consists of one claim of 1,664 hectares, located
about 40 km northeast of the Proterozoic Athabasca Basin. The
exploration target is granite hosted uranium mineralization and
basement hosted unconformity-type high-grade uranium mineralization.
Prospecting conducted by Gulf Minerals Canada Ltd. in 1979 delineated
anomalous uranium near the eastern boundary of the property, giving
scintillometer readings of 500 to 4,000 cps. In the immediate showing
area, the Archean granitoid rocks are unconformably overlain by
Wollaston Domain biotitic pelite to psammopelitic gneisses. A sample
collected by Gulf Minerals Canada Ltd. in 1977 assayed 0.280% U308, 0.05% ThO2, and 0.02% MoS2.
Cunningham Lakes North Property covering one claim of 1,665 hectares is
located approximately 20 km west of Millenium deposit. The exploration
target is unconformity related high-grade uranium mineralization. A
2009 ZTEM survey executed on behalf of CanAlaska Uranium Ltd. defined
one possible arcuate conductor within this property, which should be
followed up with deep penetrating ground geophysics.
Cushing Lake Property comprises five claims totalling 7,435 hectares,
located approximately 26 km west of Cigar Lake deposit. The exploration
target is unconformity related uranium mineralization. An airborne
magnetic survey conducted by Pitchstone Exploration Ltd. during the
winter of 2005-2006 indicated a broad magnetic high in the northern
part of the property, surrounded by magnetic lows which are indicative
of pelitic meta-sediments within the Wollaston Domain. A moving loop
survey outlined several NEE trending conductors in the southwest corner
of this property within the magnetic low.
MillenMin has engaged Ping Dong, Ph.D., P.Geo., to examine and compile
all available historic and related mineral exploration data associated
with the Uranium Properties for preparation of a 2013 uranium
exploration work program. The Company also intends to seek additional
acquisition opportunities for uranium properties in the Athabasca Basin
The technical information in this news release has been reviewed and
approved by Dr. Ping Dong, P.Geo., a consultant to MillenMin and the
qualified person as defined by NI 43-101.
MillenMin is a Canadian company engaged in the acquisition, exploration
and development of uranium and gold properties in Canada and intends to
deliver value through exploration activities. Pursuant to the option
agreement dated March 7, 2012 with Nevada Clean Magnesium Inc., the
Company has completed its 2012 drilling program on its Windpass gold
property situated at Central British Columbia, Canada.
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 Company. 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, firstname.lastname@example.org.