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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 Athabasca basin.
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 protected].