1305 � 1090 West Georgia Street, Vancouver, BC, V6E 3V7
Phone: +1 604 685 9316 / Fax: +1 604 683 1585
NEWS RELEASE |
MAY 10, 2007 |
MAWSON ACQUIRES NEW
URANIUM PROJECTS IN SALAMANCA, SPAIN
Vancouver, Canada � Mawson Resources Limited (�Mawson�) TSXv � MAW; Frankfurt � MRY..
Michael Hudson, President & CEO, announced today that the Company had
secured four uranium exploration claims totaling 11,400 hectares in the Salamanca uranium mining district of Western Spain. The ground was awarded to Mawson
after a competitive public tender over areas previously held by the Spanish
Government under the uranium State Reserve �Ciudad Rodrigo, N� 322�.
The
central exploration area, held as claims Salamanca 2 and Salamanca 3, consists
of 3,153 hectares immediately adjacent to the State Reserves that cover Spain�s largest historic uranium mines, including Mina F� and Corta D. Mina
F� consists of primary uranium deposits of pitchblende, uraninite and coffinite
and belongs to the fracture and breccia style of uranium mineralization. It is
the largest known deposit of its type in the world and was the most significant
uranium mine in Spain. Primary mineralization occurs as a network of narrow
veins that occupy fractures and cavities. Mina F� was
mined by ENUSA (Empresa Nacional del Uranio, S.A.) from 1974 until 2000 and
produced an estimated 11 million pounds of U3O8. Further
uranium historic resources lie within the State Reserve that are yet to be
exploited, including Zona M of Mina F�, the Sageras deposit and the Gallegos
deposit.
A
second State Reserve, which abuts Mawson�s new Salamanca 2 and Salamanca 3 claims, contains the Esperanza uranium deposit, an underground mine that was
operated in the late 1950s and early 1960s by JEN (Junta Energ�a Nuclear)..
Historic resources at the Esperanza mine are 0.3 million tonnes grading 0.055%
U3O8 for 363,000 lbs.
The
other areas successfully obtained under the tender by Mawson include Salamanca 1 (3,310 hectares) and Salamanca 4 (4,937 hectares). These areas contain
extensive and multiple uranium airborne radiometric anomalies and are located
10 kilometres north and 20 kilometres south of Mina F�,
respectively. More information regarding Mawson�s Salamanca�s district is
available at http://www.mawsonresources.com/index.php?page=ProjectsSalamanca..
Mr.
Hudson stated: �Mawson now has a strong position within the two key uranium
centres in Spain. This new acquisition, adjacent to Spain�s largest uranium
producing mines, together with the historic uranium mine under
application at Don Benito in Extremadura and our Swedish and Finnish portfolio,
helps to place the Company at the forefront of uranium exploration in Europe.�
Sweden
Drilling Update: In other news, the company reports that due to the spring thaw,
drilling at T�sj� and Kl�ppib�cken has ceased until summer access can be
established. At T�sj�, 53 holes for 2,398 metres were completed whilst 2 holes
for a total of 169 metres were completed at Kl�ppib�cken. Slow progress was
made at Kl�ppib�cken due to drill rig breakdowns. Results will be released as
they become available over the next four to six weeks. The company plans to recommence
drilling at Kl�ppib�cken late in June, when summer conditions provide suitable
access. A ground EM survey is planned for T�sj� over the next six weeks to
accurately map the near surface uranium host over a 20-kilometre strike length.
The qualified person for the Salamanca project, Mark Saxon, Director and Vice-President of Exploration for Mawson, and
a member of the Australasian Institute of Mining and Metallurgy, has reviewed
and verified the contents of this release.
On
behalf of the Board,
"Michael
Hudson"
Michael
Hudson, President & CEO
|
Investor
Information
www.mawsonresources.com
1305 � 1090 West Georgia St., Vancouver, BC, V6E 3V7
Company Contact: Mariana Bermudez (604) 685 9316
Investor Relation Consultants - Mining Interactive
Nick Nicolaas (604) 657 4058, Wayne Melvin (604) 619 6327
Email:
info@mawsonresources.com
|
Forward
Looking Statement. This news release contains
certain "forward-looking" statements and information relating to the
Company that are based on the beliefs of the Company's management as well as
assumptions made by and information currently available to the Company's
management. Such statements reflect the current risks, uncertainties and
assumptions related to certain factors including, without limitations,
competitive factors, general economic conditions, customer relations,
relationships with vendors and strategic partners, the interest rate
environment, governmental regulation and supervision, seasonality,
technological change, changes in industry practices, and one-time events. Should
any one or more of these risks or uncertainties materialize, or should any
underlying assumptions prove incorrect, actual results may vary materially from
those described herein. Neither the TSX Venture Exchange nor the Frankfurt
Deutsche B�rse have reviewed the information contained herein and, therefore,
do not accept responsibility for the adequacy or accuracy of this news
release.