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Re: News Release - Thursday, January 22, 2009
Mesa Uranium Acquires Potash Exploration Permits in Arizona
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Mesa Uranium Corp. (TSX-V: MSA) ("Mesa") has acquired 3 potash
exploration permits through the Arizona State Land Department covering
1,950 acres (three square miles) covering a portion of the Holbrook
Basin. Access and infrastructure at the Holbrook Project are good,
with the Project being close to rail, interstate highway and power
lines.
The Holbrook Basin is known to contain a 600 square mile potash bed in
the Permian Supai Formation as documented by the Arizona Geological
Survey (AGS) Open File Report 08-07. The potash bed was drilled and
delineated in the 1960s and 1970s by Duvall Corporation and Arkla
Exploration. Due to low potash prices in the 1970's the Holbrook Basin
potash bed was not developed after discovery. Below is a link to the
AGS report summary:
www.arizonageology.blogspot.com/2008/09/arizona-potash-resource-estima
te.html
Historic data from a core hole drilled on Mesa's Holbrook Project in
1965 describes potash mineralization 9.5 feet thick grading 13.7%
potash. Logs for a second hole indicate a 13 foot thick potash-bearing
bed however there is no record of chemical analysis. The holes were
drilled prior to NI 43-101 regulations so this data must be viewed as
historical. Mesa plans a detailed review of data from oil and gas
wells and potash holes to further evaluate the potential of the
Project.
About Mesa Uranium
Mesa is a mineral exploration company focused on uranium and potash in
the western United States. Mesa has 100% ownership of 46 square miles
of uranium exploration lands in the Lisbon Valley Mining District in
Utah and the Arizona Strip Mining District in northern Arizona. For
further information 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, a Qualified Person as defined by National
Instrument 43-101 guidelines.
ON BEHALF OF THE BOARD OF DIRECTORS OF
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:
Susan Wilson, 1-604-688-7508
The TSX Venture Exchange has neither approved nor disapproved of the
contents of this news release.
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Copyright (c) 2009 MESA URANIUM CORP. (TSX-V: MSA) All rights reserved. For
more information visit our website at http://www.mesauranium.com/ or
send mailto:info@mesauranium.com
Message sent on Wed Jan 21, 2009 at 11:15:08 AM Pacific Time
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Mesa Exploration
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EXPLORATION STAGE |
CODE : MSA.V |
ISIN : CA59064J1075 |
CUSIP : 59064J107 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Mesa Exploration is a uranium exploration company based in Canada. Mesa Exploration holds various exploration projects in USA. Its main exploration properties are LONE STAR UTAH, HOLBROOK, GREEN ENERGY, MOONSHINE SPRINGS and LISBON VALLEY PROJECT in USA. Mesa Exploration is listed in Canada and in United States of America. Its market capitalisation is CA$ 967 288 as of today (US$ 726 356, € 661 565). Its stock quote reached its highest recent level on February 11, 2011 at CA$ 1.49, and its lowest recent point on February 19, 2016 at CA$ 0.01. Mesa Exploration has 16 121 460 shares outstanding. |