TORONTO, March 15 /CNW/ - Northwestern Mineral Ventures Inc. (TSXV: NWT;
OTCBB: NWTMF) is pleased to announce the signing of a drilling contract with
ESAFOR of Arlit, Niger. Drilling on Northwestern's land is scheduled to
commence in April after the equipment arrives in Niger and local crews have
"This development is a significant milestone for Northwestern as we
expect to be the first North American explorer since the 1970s to conduct a
uranium drill program in Niger," said Marek J. Kreczmer, President and CEO of
Northwestern. "In light of recent increases in the price of uranium, which is
currently selling for approximately US$90 per pound, we plan to continue
aggressively advancing the discoveries made on our Niger land portfolio."
ESAFOR will provide a minimum of 2,000 meters of RC diamond core drilling
during this first phase, with at least 20 holes planned to test mineralization
at shallow depths. The program will initially target the anomaly that has
returned uranium values approaching 0.1% U(3)O(8) from surface grab samples.
These are the highest uranium results recorded to date, as reported in a press
release dated March 1, 2007. Producing mines and deposits in Niger typically
grade from 0.1% to 0.42% U(3)O(8).
While drilling is underway, Northwestern's reconnaissance geological team
will examine other areas of known mineralization and significant targets will
be scheduled for drilling.
ESAFOR is one of the major drilling companies involved in uranium
exploration and exploitation in Niger.
Fieldwork in Niger is being conducted under the supervision of Abdelkarim
Aksar, P.Geo., Northwestern's Niger Project Manager.
Samples selected for analysis will be sent to SGS Lakefield Research
Africa in Johannesburg, South Africa. This laboratory uses industry-standard
methods and ISO / IEC 17025 quality assurance and quality control practices.
Northwestern and SGS maintain comprehensive and independent Quality
Control/Quality Assurance programs.
Northwestern Mineral Ventures (www.northwestmineral.com) is an
international resource exploration company with an experienced management
team. The company is focused on properties in Niger and Canada with potential
uranium targets. Northwestern also has a precious and base metal property in
Mexico. Northwestern is listed on the NASD Bulletin Board under the symbol
"NWTMF" and the TSX Venture Exchange under the symbol "NWT."
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.
Potential quantity and grade is conceptual in nature, there has been
insufficient exploration to define a mineral resource on Northwestern's Niger
properties and it is uncertain if further exploration will result in the
target being delineated as a mineral resource.
Additional information about Northwestern's Niger properties is contained
in press releases dated March 1, 2007, December 14, 2006, October 25, 2006,
September 29, 2006, September 22, 2006, June 15, 2006, May 23, 2006, May 2,
2006 , March 27, 2006 and March 8, 2006.
For further information:
For further information: Marek J. Kreczmer, M.Sc., P.Eng., President and
CEO, (866) 437-9551, firstname.lastname@example.org