KELOWNA, BC, May 14, 2014 /CNW/ - MPVC Inc. (TSXV : UNO) ("MPVC", the "Company") is pleased to report that drilling has commenced at the Company's Northwest Manitoba Uranium project which was recently optioned from CanAlaska Uranium Limited.
A diamond drill rig has commenced drilling at the Maguire Lake focus area within the Company's Northwest Manitoba project. The drill is targeting anomalies generated by the geophysical (magnetic, electromagnetic, gravity and radiometric), geochemical (AlphaTrack and RadonEx) and prospecting programs. Initially, targets beneath the lake are being tested while winter conditions exist.
In addition, a rotary air blast drill rig is now being mobilized to site. This drill will be focussed on rapidly testing shallow targets.
Ground Gravity Survey
MPVC has now received the results of the ground gravity survey designed to connect the three previously collected blocks of gravity data. This survey has tied together the existing surveys well and has not only extended previously identified gravity lows thought to potentially reflect alteration zones associated with uranium mineralizing fluids but has also discovered new gravity lows.
The technical information and results reported here have been reviewed by Chad Ulansky, PGeol, a qualified person under National Instrument 43-101, who is responsible for the technical content of this release.
Dr. Charles Fipke
Forward Looking Statements
Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. 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 risks. 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 world wide 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. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. MPVC undertakes no obligation to update such forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements.
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.
SOURCE: MPVC Inc.
For further information: Chad Ulansky, President & CEO, +250-860-8599