|
NWT ANNOUNCES ADVANCEMENTS WITH
NIGER URANIUM PROPERTIES
Results of surface rock-chip
samples reveal U3O8 grades up to 0.98%
Toronto �
Thursday, February 14, 2008 � NWT Uranium Corp. (TSX-V: NWT; OTCBB: NWURF) is pleased to
provide a further update for its shareholders regarding the activities of
Niger Uranium Limited, of which NWT is the largest shareholder with a 38.5%
ownership position.
As announced by Niger Uranium in a press release dated January 28, 2008,
Phase 1 drilling and trenching has commenced at Irhazer and In Gall. Drilling
is continuing and is scheduled to include 18 holes totaling 8,200 feet (2,500
meters) with completion scheduled for March 2008. To date, Niger Uranium has
completed 1,150 feet (352 meters) of tri-cone drilling and radiometric
probing is underway.
The drilling target is a large, open-pittable resource, where a number of
surface grab samples and geological mapping indicate strike extensive
stratiform mineralization that is exposed at the surface. Phase 2 drilling,
currently expected to consist of 24,600 feet (7,500 meters), is scheduled to
commence in April.
Niger Uranium also reported that groundwork on northerly, structurally
controlled targets is underway at Irhazer and In Gall, while mapping, ground
magnetics and track-etch radon detection work is expected to commence in
early February. Surface rock-chip samples taken in 2007 and analyzed in
January 2008 from the targets range from 45 to 9,829 ppm (0.98% U3O8) and
confirm the highly prospective character of these targets. Results for all
samples and a map outlining grab samples are available on Niger Uranium�s web
site at www.niger-uranium.com.
In addition, Niger Uranium received a significant dataset from Areva,
containing large amounts of historic data on the license areas and
surrounding areas. The company expects the data to assist with target
generation and help fast-track the exploration program.
No drilling has yet commenced at the Kamas and Dabala license areas.
For further information on Niger Uranium�s 2008 exploration program,
please visit the company�s web site at www.niger-uranium.com, where the press
release from January 29, 2008 can also be viewed.
NWT contributed the Irhazer and In Gall properties to Niger Uranium, as
detailed in a press release dated July 26, 2007. The two properties have
returned uranium values ranging from 0.22% U3O8 to 1.0% U3O8 from five
surface rock samples collected from outcrops, as reported in a press release
on May 29, 2007, available on SEDAR at www.sedar.com. These samples were
submitted for re-analysis after they exceeded the detection limits of uranium
tests routinely used to analyze samples from Niger. Producing mines and
deposits in Niger typically grade from 0.1% to 0.42% U3O8, with the highest
grades being mined at greater depths.
Qualified Person
The information contained in Niger Uranium�s announcement has been reviewed
by Keith Kenyon (MSc. AUS IMM), Geochemical Consultant to Niger Uranium. He
is the Qualified Person overseeing the geochemical exploration on the In
Gall-Irhazer licenses. Mr. Kenyon has 36 years experience in gold and uranium
exploration and geochemistry and he is undertaking to act as a Qualified
Person for the purposes of this announcement.
The chemical analyses were undertaken by SGS Minerals, Southern Africa; 58
Melvill Street, Booysens, Johannesburg, 2091, Tel. +27 (0)11 680-3466. This
is a properly equipped, fully accredited laboratory undertaking analyses and
assays for the mining industry.
ABOUT NWT URANIUM CORP:
NWT Uranium Corp. (www.nwturanium.com) is an international resource
exploration company with an experienced, highly technical management team.
Since its inception, NWT has concentrated on the acquisition of properties
with potential uranium targets. NWT Uranium is listed on the NASD Bulletin
Board under the symbol �NWURF� and the TSX Venture Exchange under the symbol
�NWT.�
FURTHER INFORMATION:
Marek J. Kreczmer, M.Sc., P.Eng.
President and CEO
NWT Uranium Corp.
(866) 437-9551
info@nwturanium.com
Potential quantity and grade is conceptual in nature, there has been
insufficient exploration to define a mineral resource on any of the
properties referenced in this press release and it is uncertain if further
exploration will result in any such targets being delineated as a mineral
resource.
|