/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
CALGARY, Sept. 17 /CNW/ - Whitemud Resources Inc. ("Whitemud" or the
"Company") (WMK - TSXV) has completed its planned 2007 exploration and
delineation drilling program designed to test high-potential kaolin targets in
the vicinity of the Company's Gollier Creek Mine. A total of 68 drill holes
were completed, totalling 2,218 m.
Targets to the north, northeast, east and west of the Company's
operations at Gollier Creek were selected based on results from previous
operators and the Company's 2006 drilling program. The kaolinized sandstone
target was intersected in drill holes in each of the areas. The Company is
awaiting the results of chemical, mineralogical and grain-size analysis of
sampled drill core. Upon receipt of the analytical data, the Company will
assess the potential of each of the targets to add to the Company's resource
base. The results of this assessment are expected before the end of 2007.
Further drilling to delineate the highest priority targets in more detail is
anticipated for the 2008 field season.
The Company has also acquired additional mineral rights in strategic
locations near the Gollier Creek Mine totalling 9,750 acres (3,947 ha). This
acquisition increases the Company's total mineral rights through permit or
lease to 28,240 acres (11,433 ha), an increase of 53%.
Construction of the processing plant is estimated to be 85% complete. The
project is on schedule and budget with commissioning expected to commence
early in the first quarter of 2008.
Whitemud Resources Inc. is a Canadian-based corporation engaged in the
acquisition, exploration and development of mineral properties. The Company is
currently constructing a processing plant at its Gollier creek mine to produce
metakaolin from its large kaolin deposit in southern Saskatchewan. Metakaolin
will be marketed as WhitemudMK , a high-reactivity cement supplement.
Production is expected to commence in the first quarter of 2008. Whitemud's
Manager, Geology and Exploration, Lynn I. Kelley, a Professional Geoscientist
in the Province of Saskatchewan, planned and supervised the exploration
drilling program, and selected the recently acquired mineral rights. Mr.
Kelley is the Qualified Person responsible for exploration and resource
estimation. Shares of the Company trade on the TSX Venture Exchange under the
trading symbol "WMK".
This press release may contain forward-looking statements which may
include estimates, plans, expectations, opinions, forecasts, projections,
guidance or other statements that are not statements of fact, including
without limiting the generality of the foregoing, statements made with respect
to future drilling and delineation of the Company's resource base, timing for
the delivery of major equipment, completion of commissioning of the processing
plant and establishing a presence in the Company's key market areas. There is
no assurance that the expected timeframes will be met as all are subject to
risks which include, without limitation, the possibility for equipment
failures, labour disputes, work stoppages, equipment delivery delays, and the
potential for delays arising from injuries and safety concerns at the
worksite. Although the Company believes that the expectations reflected in
such forward-looking statements are reasonable, it cannot give any assurance
that such expectations will prove to be correct. Results of Whitemud may be
affected by a variety of variables and risks associated with the mining and
mineral processing industry such as loss of market, competition, ability to
access sufficient debt and equity capital from internal and external sources,
ability to expand in the marketplace, exploration and development plans and
results, anticipated capital expenditures and financing thereof, timing of
applications and approvals. As such the future plans and objectives of
Whitemud are forward-looking statements that involve risks and uncertainties
and may be based on assumptions that could cause actual results to differ
materially from those anticipated or implied in such statements. The Company's
forward-looking statements are expressly qualified in their entirety by this
cautionary statement. Unless otherwise required by applicable securities laws,
the Company does not intend nor does it undertake any obligation to update or
review any forward-looking statements to reflect subsequent information,
events, results or circumstances or otherwise.
For further information:
For further information: Kelly Babichuk, President & COO, Whitemud
Resources Inc., (403) 517-0040