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Mesa Fact Sheet
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| | January 31, 2006
Permitting Initiated For The Lisbon Valley Uranium Project
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| | Mesa Uranium Corp. (the "Company") is pleased to report that it has initiated the filing process to obtain drilling permits for the Lisbon Valley uranium project in Utah, USA. Once permits have been received a drilling program consisting of 10 drill holes totaling 7,600 meters will begin; permits are anticipated in April. This initial phase of drilling will concentrate on targets along strike and within a few hundred feet of the last known underground stopes of the Lisbon Mine. The Lisbon Mine was the largest deposit in the Lisbon Valley uranium mining district, producing over 18 million pounds of uranium between 1972 and 1988.
The current 10 hole drilling program represents the first phase of an overall 2006 drilling program that is planned to consist of 30,400 metres of drilling in 40 holes. Subsequent drilling phases will be guided by early drilling results and will explore for the discovery of uranium deposits across this large property.
The Lisbon Valley uranium mining district is located in the Colorado Plateau region, 30 miles south of Moab, Utah in San Juan County. Over 100 million pounds of uranium were produced in the district from 1952 until the early 1990's from an arcuate belt 16 miles long by 1/2 mile wide along the southwestern flank of the Lisbon Valley anticline. All of the major ore bodies did not outcrop and were discovered by exploration drilling, the most famous being the Mi Vida mine discovered by Charlie Steen in 1952. The Lisbon Valley district accounted for over 80% of the uranium mined in the state of Utah and had some of the highest uranium grades in the United States averaging 0.4 percent uranium.
The Company controls approximately 26 square miles of the Lisbon Valley mining district. The project area is fully described in a current National Instrument 43-101 compliant report available for examination on www.mesa-uranium.com and on www.sedar.com.
This press release has been reviewed by Gregory French, CPG #10708, a Qualified Person as defined in Canadian National Instrument 43-101.
ON BEHALF OF THE BOARD
MESA URANIUM CORP.
(signed) Brian Kirwin, CEO
For further information call:
Giulio T. Bonifacio, (604) 699-0023
The TSX Venture Exchange has neither approved nor disapproved of the contents of this news release. |
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