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Mesa Fact Sheet
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| | February 06, 2007
North Alice Drilling Results
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| | Mesa Uranium Corp. (TSX: MZU) ("Mesa") is pleased to report final analytical results for three drill holes at the North Alice target on the 100%-owned Lisbon Valley uranium project in Utah. Uranium results were presented in Mesa's December 13, 2006 news release, and the current results update the copper mineralization encountered in this Phase I drilling program. The Lisbon Valley project covers 7,700 hectares in the Lisbon Valley Mining District with historic production of 85 million pounds of U3O8.
North Alice Mine Target
The North Alice Mine target is adjacent to the historic North Alice Mine, at the northwestern end of the Lisbon Valley Mining District. The North Alice mine is part of a cluster of mines that together produced over 30 million pounds of U3O8. This initial phase of drilling was designed to test for mineralization extending beyond the old mine workings along the ore trend.
As previously announced, drill hole NA-3 encountered shallow uranium mineralization grading 3.2 pounds U3O8 per ton in Moss Back sandstone. Holes NA-1 and NA-2 also encountered low-grade uranium mineralization, well below the historically mined Moss Back horizon. The strong uranium mineralization in drill hole NA-3 represents the second target drilled during Phase I by Mesa that encountered strong uranium mineralization, suggesting the presence of a new uranium trend. The first new trend was drilled at the Lisbon Mine target, where drill hole L-4 encountered 1.8 pounds per ton uranium, as disclosed in Mesa's October 25, 2006 news release.
In addition to confirming the presence of anomalous uranium, the North Alice drilling results also identified a thick section of highly anomalous copper mineralization. Drill holes NA-1 and NA-3 confirmed the presence of a 50-foot thick, shallow zone of copper mineralization extending 500 feet along strike and associated with the Lisbon Valley Fault. Copper is currently being mined at the south end of the Lisbon Valley Mining District in a similar geologic setting.
Analytical results are as follows:
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From To Thickness
Hole # (meters) (meters) (meters) Mineralization
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NA-1 45.7 61.0 15.2 Anomalous Copper
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240.9 246.9 3.0 0.007% U3O8
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NA-2 262.5 264.2 1.7 0.013% U3O8
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262.5 263.7 1.5 0.121% Copper
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NA-3 27.4 42.7 15.2 0.10% Copper
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101.4 101.8 0.5 3.2 pounds/ton U3O8
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112.2 113.1 0.9 0.02% U3O8
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167.7 170.7 3.0 0.011% U3O8
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167.7 170.7 3.0 0.012% U3O8
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Mesa plans drilling in 2007 to follow up these positive results in the Moss Back and Cutler horizons at the North Alice target. Follow-up drilling is also planned at the Lisbon Mine target. A reverse-circulation drilling rig will be used for this drilling to gather high-quality samples to better evaluate uranium and copper mineralization.
About Mesa
Mesa is exploring a large land position in the target-rich Lisbon Valley Mining District to discover new uranium deposits by drilling along well-established ore trends, searching for extensions of historic uranium mines. The current drilling at the North Alice Mine is the initial phase of drilling at this target.
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.
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.
Qualified Person
The Lisbon Valley Uranium Project is managed by Gregory French, P. Geo., a Qualified Person as defined by National Instrument 43-101 guidelines. This Press Release has been prepared and revised under the supervision of Gregory French, VP Exploration for Mesa responsible for its projects.
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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