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Mesa Fact Sheet
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| | November 29, 2006
Commences Drilling At North Alice And Texwood
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| | Mesa Uranium Corp. is pleased to announce that drilling has commenced for two target areas, the North Alice Mine and Texwood Mine, at the 100%-owned Lisbon Valley uranium project in Utah. The project covers 7,300 hectares in the famous Lisbon Valley Mining District with historic production of 85 million pounds of U3O8.
The North Alice Mine target is adjacent to the historic North Alice Mine, along the northwestern ore trend. The North Alice mine is part of a cluster of mines that together produced 30 million pounds of U3O8. Drilling will explore for mineralization extending beyond the old mine workings along the ore trend.
The Texwood Mine target is along the northern ore trend at the Texwood Mine. The Texwood Mine target is located adjacent to the Texwood Mine and is 600 meters northwest of the historic Mi Vida Mine, which produced 12 million pounds of U3O8 from 1953 through 1970.
The Lisbon Valley District produced over 85 million pounds of U3O8, at some of the highest uranium grades in the United States, averaging 0.4 percent U3O8. The Lisbon Valley Mining District is located in the Colorado Plateau region, 30 miles south of Moab, in San Juan County, Utah.
Mesa is exploring to discover new uranium deposits in the district by drilling along ore trends, searching for extensions of historic uranium mines. Phase I drilling at the Lisbon Mine target has identified a new uranium trend and follow up drilling is currently being planned (see Mesa news release dated October 25, 2006). The current drilling at the North Alice Mine and Texwood Mine targets is the initial phase of drilling at these targets. Mesa has achieved these results during its first year.
The project area is fully described in a current National Instrument 43-101 compliant report available for examination on www.mesauranium.com and on www.sedar.com.
ON BEHALF OF THE BOARD
MESA URANIUM CORP.
(signed) Foster Wilson, President and CEO
This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, including the likelihood of commercial mining and possible future financings are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include unsuccessful exploration results, changes in metals prices, changes in the availability of funding for mineral exploration, unanticipated changes in key management personnel and general economic conditions. Mining is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. For more information on the Company and the risks and challenges of its business, investors should review the Company's annual filings that are available at www.sedar.com
For further information call:
Wayne Marsden, toll free 866-337-1235
The TSX Venture Exchange has neither approved nor disapproved of the contents of this news release. |
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| | You can view the Next News Releases item: Wed Dec 13, 2006, Exploration Program Update
You can view the Previous News Releases item: Fri Nov 24, 2006, Drill Permits Granted for North Alice and Texwood Targets
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