Mesa Exploration

Published : September 15th, 2008

Acquires Utah Potash Project, Consolidates Shares

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Growth | Oil | Uranium | Utah | Water |
=======================================================================
Re:   News Release - Monday, September 15, 2008
      Mesa Uranium Acquires Utah Potash Project, Consolidates Shares
=======================================================================

Mesa Uranium Corp.  (TSX-V: MZU)("Mesa") is pleased to announce that it has filed
potash exploration permit applications with the Bureau of Land
Management.  The project has excellent potential for potash from both
solution mining and naturally-occurring potash brines.  The 25,500 acre
area (40 square miles)White Cloud potash project is located 40 miles
north of our Lisbon Valley uranium project in southeastern Utah.
Access and infrastructure are considered good as the project is close
to rail, interstate highway and power lines.

The White Cloud project is located in the Paradox Basin, a geologic
province known to contain potash deposits and potash brine.  The United
States Geological Survey and Utah Geological Survey have documented
these occurrences in various reports.  The project is within an area
categorized as a high potential "known mineral deposit area" for potash
beds by the U.S. Bureau of Mines.  Mesa plans to obtain reports and
radiometric logs from historic oil drilling on the project to assess
grade, thickness and depth of the potash beds and grade and flow rates
for the potash brines.  Sources for the information have been
identified and Mesa is currently acquiring and evaluating the
information to guide future exploration work.
 
Solution Mining Potential
The project is located 1.5 miles north of Intrepid Potash's Cane Creek
potash mine with 2007 production of 77,000 tons of potash and 109,000
tons of by-product salt.  Potash is produced from the 11 foot thick
potash zone #1 bed that averages 25-30% potash.  Operations commenced
in 1964 as an underground mine and later converted in 1970 to a system
combining solution mining and solar evaporation.  Water is injected
into the potash bed to dissolve potash and salt creating a brine
solution.  This brine is then pumped to the surface and piped into
solar ponds to evaporate.  Once the material is dry it is collected and
separated into potash and salt at an adjacent mill.  Solution mining
and solar evaporation is a low-cost and energy-efficient method of
producing potash.  The +300 days per year of sunshine, low humidity,
mild winters and dry climate of the area provide excellent evaporation
conditions. 
The potash zone #1 bed being mined at the Cane Creek mine extends on to
the White Cloud project as do potash zones #2 thru #9 as described by
government agency and private reports. 

Natural Potash Brine Potential
A 48 square mile artesian brine aquifer containing potash was
discovered in oil exploration wells at the White Cloud project and
adjacent areas in the 1960s.  Initial oil exploration wells experienced
high-flow blow-outs when they unexpectedly drilled into super-saturated
brine within a 30 foot thick shale unit above potash zone #2.
Subsequent oil wells utilized weighted drilling fluids to control brine
flows and prevent blow-outs.  If found to be persistent and of economic
potash grade, the brine could provide sufficient production without the
need for injection and production wells and pumps as used in
traditional potash solution mines.

Share Consolidation
Mesa also announces that its share capital will be consolidated on a
three (3) old for one (1) new basis effective at the opening of the
market on September 16, 2008.   The share consolidation puts Mesa in a
better position to raise capital and move forward on exploration and
development work on our potash and uranium projects.   The
post-consolidated shares of Mesa will trade under the symbol "MSA".
There are presently 28,711,134 shares issued and outstanding in the
capital of Mesa and following the share consolidation, there will be
9,570,378 shares issued and outstanding.  The share consolidation was
approved by shareholders at the Annual and Special Meeting held July 9,
2008.

About Potash
Potash (K2O potassium oxide) is a fertilizer essential to plant
nutrition and is critical to modern agriculture.  A growing world
population is accelerating the need for higher crop yields, leading to
massive growth in demand.  Potash demand is reflected in the price
trend, with prices increasing from $100 per ton in 2000 to over $900
per ton in 2008.  The United States is the world's largest consumer of
potash and imports over 80% of its requirements (7.1 million tons in
2007).

About Mesa Uranium
Mesa is a resource development company focused on uranium and potash
exploration in Utah and Arizona and is well positioned to benefit from
an increasing worldwide demand for energy and food.  For further
information about Mesa please visit our website at www.mesauranium.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:

Foster Wilson, President and CEO, toll free 1-866-699-9888


The TSX Venture Exchange has neither approved nor disapproved of the
contents of this news release.

=======================================================================
Copyright (c) 2008 MESA URANIUM CORP.  (TSX-V: MZU)  All rights reserved.  For
more information visit our website at http://www.mesauranium.com/ or
send mailto:info@mesauranium.com
Message sent on Mon Sep 15, 2008 at 7:00:00AM Pacific Time
=======================================================================
.

Mesa Exploration

EXPLORATION STAGE
CODE : MSA.V
ISIN : CA59064J1075
CUSIP : 59064J107
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact 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.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Corporate Presentations of Mesa Exploration
10/3/2007 Updated In Jay Taylor's Energy Newsletter
Financings of Mesa Exploration
6/24/2013Non-brokered Private Placement
3/23/2012Closes Non-brokered Private Placement
2/29/2012Announces Non-Brokered Private Placement
6/10/2011Announces 100% of Warrants Exercised
2/18/2011Announces Non-Brokered Private Placement
11/25/2009Announces Private Placement
11/20/2009Closes Private Placement with Pinetree Resource Partnership
11/10/2009Announces Private Placement
7/23/2008Announces Closing of Private Placement
5/30/2008Announces Private Placement
4/12/2007Closes $3 Million Private Placement
Nominations of Mesa Exploration
4/5/2012Announces Changes to the Board of Directors
Project news of Mesa Exploration
9/22/2016Agrees to Sell the Sal Rica Project
11/13/2012Acquires Gold and Silver Projects
7/31/2012Permitting Update for the Bounty Potash Project
5/16/2012Receives Utah Congressional Delegation Support for the Bount...
3/26/2012(Moonshine Springs)Drilling Confirms Uranium Zone at Moonshine Springs Project
2/22/2012(Moonshine Springs)Commences Drilling Program at Moonshine Springs Uranium Proj...
1/31/2012Acquires the Bounty Potash Project
1/25/2012(Moonshine Springs)To Drill Moonshine Springs Uranium Project
10/26/2011Acquires Seismic Data for Utah Projects
6/22/2011Receives Metallurgical Report for Lithium, Potash Project
2/9/2011(Green Energy)Retains North American Exploration Inc. for the Green Energy...
2/3/2011(Holbrook)JV Partner Passport Potash Commences Geophysical Survey at H...
2/2/2011(Lone Star Utah)Acquires Uranium Leases
6/21/2010(Moonshine Springs)Receives Drilling Permit at Moonshine Springs, Arizona
12/17/2009(Green Energy)Update
3/17/2010(Green Energy)Expands the Project
4/20/2010(Green Energy)Initiates Permitting for Green Energy Lithium Project
5/7/2008(Moonshine Springs)Conducts Radon Survey at Moonshine Springs, Arizona
Corporate news of Mesa Exploration
7/13/2016Favorable Lithium Brine Assay Results From Sal Rica
6/23/2016Acquires Sal Rica Lithium Brine Project
5/25/2016Closes Green Energy Mineral Brine Transaction
12/22/2015Re-acquires Green Energy Mineral Brine Project
12/22/2015Mesa Exploration Re-Acquires Green Energy Mineral Brine Proj...
12/17/2015Mesa Exploration Updates Four Utah Potash Projects
12/17/2015Updates Four Utah Potash Projects
6/13/2013Files Amended Technical Reports on SEDAR
4/25/2013Clarifies Technical Disclosure
3/12/2013Corporate Update
9/12/2012Reports Technical Disclosure Review and Refilling of MD&A
5/17/2012Bounty Potash Video
5/9/2012Bounty Potash Update
3/8/2012(Holbrook)Receives $300,000 Payment for Holbrook Basin
2/16/2012Files NI 43-101 Technical Report on the Bounty Potash Projec...
9/20/2011Retains Consulting Group for Potash and Lithium Drilling Sup...
8/3/2011Acquires Potash Lease in Utah
7/27/2011Commences Potash Exploration
5/4/2011Files NI 43-101 Report on Utah Potash Projects, Indicates Pr...
4/19/2011Engages IntelliMet
4/7/2011Acquires Potash Projects
3/23/2011(Green Energy)Files 43-101 Report, Expands the Green Energy Project
11/30/2010Unaware of Any Material Change
7/14/2010Signs Letter of Intent on the Holbrook Potash Project
11/4/2009Acquires Lithium Project
5/27/2009Acquires Additional Potash Projects in Utah
1/22/2009Acquires Potash Exploration Permits in Arizona
9/15/2008Acquires Utah Potash Project, Consolidates Shares
5/22/2008Signs Definitive Joint Venture Agreement with Energy Fuels
2/26/2008Expands Land Holdings, Forms WellProbe Geophysical With New ...
1/8/2008 Drills Significant U3O8 In Arizona
11/15/2007 Begins Drilling Moonshine Springs Uranium Project in Arizon...
11/14/2007 Extends Mineralization Around L-15 Discovery Hole - RAD Tar...
10/4/2007Begins Step-out Drilling On Uranium Discovery
9/10/2007Drills 17.5 Feet Grading 0.11% U3O8
7/4/2007Retains AGORACOM To Provide Investor Relations
6/27/2007Signs Second LOI with Energy Fuels Inc.
6/18/2007Begins Drilling At Lisbon Valley Project
6/5/2007Signs LOI with Energy Fuels Inc.
5/4/2007Acquires Arizona Breccia Pipe Targets
4/24/2007Lisbon Valley Project Drilling Program
4/18/2007Acquires Additional Land at Moonshine Springs
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (MSA.V)OTHER OTC (MSAJF)
0.060+0.00%0.002+100.00%
TSX-V
CA$ 0.060
10/03 10:30 -
0%
Prev close Open
0.060 0.060
Low High
0.060 0.060
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.060 -%
Volume 1 month var.
0 -%
24hGold TrendPower© : 22
Produces
Develops
Explores for Lithium - Phosphate - Uranium
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 4/22/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.02+2.33%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 3.26+4.15%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.58+1.93%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.10-9.09%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.43-0.41%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 6.98+0.14%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.26+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.30+8.16%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 2.22+1.37%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 60.13-1.38%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :