VANCOUVER, BRITISH COLUMBIA, Jan 08, 2008
PLEASE NOTE: LIBERTY STAR (LBSU: OTCBB) IS AN EXISTING AGORACOM CLIENT AND THEY HAVE PROPERTY TO THE IMMEDIATE SOUTH OF MESA'S PROJECT. LIBERTY STAR'S HUB CAN BE ACCESSED AT http://www.agoracom.com/ir/libertystar
Mesa Uranium Corp. ("Mesa") (TSX VENTURE: MZU) is pleased to report that new drilling has intersected significant uranium at the 100%-owned Moonshine Springs uranium property in Northwestern Arizona.
This initial drilling was designed to test and confirm previous drilling conducted on the property by Exxon in the 1970's. The uranium mineralization encountered is in altered sandstones within the Chinle formation that hosts the nearby 2.5 million pound U3O8 Moonshine Springs deposit owned by Dennison Mines.
Drill results are as follows, depths are to the base of mineralization:
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Pounds Per Ton
Hole Depth Thickness eU3O8 % U3O8
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M-1 583.7' 1.5' 0.15 3.0
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M-1 624.8' 7.5' 0.21 4.2
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M-1 (including) 624.8' 2.0' 0.55 11.0
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M-2 615.7' 4.0' 0.47 9.4
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M-2 (including) 615.7' 1.0' 0.82 16.4
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Drill hole M-1 confirmed a 1979 Exxon intercept (6 feet grading 0.40% U3O8) and drill hole M-2 was drilled 75 feet to the north of M-1 and confirmed the lateral continuity of the uranium mineralization. Step-out holes are planned for this area. A third hole located 1 mile to the east on trend with the Dennison deposit did not reach targeted depths due to mechanical problems and will be re-entered and drilled to depth when drilling operations resume in late Winter or early Spring. Future drilling will test the extent of this zone and explore a number of targets throughout the project.
Mesa currently controls 5 square miles of prospective ground at the Moonshine Springs uranium property. The Moonshine Springs project is located in the Arizona Strip Uranium Mining District. Mesa is pleased to add Moonshine Springs to its portfolio of properties with confirmed strong uranium intercepts.
All holes were logged by Century Geophysical Services to produce a log suite of Gamma, Spontaneous Potential (SP), and Resistivity values. The Gamma portion of the down-hole logging tool was calibrated at uranium-industry standard pits located in Grand Junction, Colorado. In situ uranium grades, expressed as equivalent U3O8 (eU3O8) are calculated using the digital gamma ray values acquired by the down hole logging tool and uranium industry standard techniques for gamma log interpretation.
About Mesa Uranium
Mesa Uranium Corp. is a uranium exploration company focused on proven uranium districts in the western United States. Mesa's lead project is the 100%-owned, 30 square mile Lisbon Valley project in the Lisbon Valley Mining District in Utah. The District produced over 85 million pounds of U3O8, at some of the highest uranium grades in the United States, averaging 0.4% U3O8. The Lisbon Valley Mining District is located in the Colorado Plateau region, 30 miles south of Moab, in San Juan County, Utah. For further information about Mesa Uranium please visit our website at www.mesauranium.com.
Qualified Person
This Press Release has been prepared and revised under the supervision of Gregory French, P. Geo., Technical Advisor for Mesa, a Qualified Person as defined by National Instrument 43-101 guidelines.
ON BEHALF OF THE BOARD
MESA URANIUM CORP.
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.
The TSX Venture Exchange has neither approved nor disapproved of the contents of this news release.
Contacts: Mesa Uranium Corp. Foster Wilson President and CEO (775) 826-9888 Mesa Uranium Corp. Wayne Marsden Toll Free: 1-866-337-1235 Website: www.mesauranium.com