Magnum Uranium Corp.

Published : June 12th, 2007

Begins Drilling at San Raphael Uranium Project, Utah

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Keywords :   Canada | G Mexico | Idaho | Mexico | Oil | Uranium | Utah | Vanadium |





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Tuesday, June 12, 2007
Magnum Begins Drilling at San Raphael Uranium Project, Utah


 

VANCOUVER, B.C. - Magnum Uranium Corp. ("Magnum") is pleased to announce the commencement of drilling at its San Raphael Project in Emery County, Utah. Magnum is in the process of earning an 80% interest in this joint venture property from its partner, Energy Metals Corp. (see News Release dated December 5, 2006). In addition to possessing a significant database of historic drilling information, Magnum recently acquired information on an additional 260 holes, including drill hole logs, hole location maps, diagrams of underground workings and summary reports.

The San Raphael Project is located on the east flank of the San Rafael Swell, 15 miles west of Green River, Utah. The area was the site of mining and exploration for uranium and vanadium from the mid-1950's until the 1980's. The uranium mineralization in this district occurs in high-grade zones hosted within the Salt Wash Member of the Jurassic Morrison Formation. Historically, this district produced over 3.1 million pounds of uranium and 5.4 million pounds of vanadium.

The current drill program is expected to total 20,000 to 22,000 feet spread amongst 30 holes having a depth ranging from 500 to 800 feet. Bob Beeman Drilling Company of Moab, Utah is conducting the drilling, and down-hole logging will be performed by Jet West Geophysical Services, LLC, of Farmington, New Mexico. Magnum has received all required permits from the U.S. Bureau of Land Management and the Utah Division of Oil, Gas and Minerals to conduct these exploration activities.

The objective of this drill program is to test for additional high-grade uranium mineralization similar to past resources previously mined from the area by Atlas Uranium and others.

About Magnum
Magnum is a Vancouver-based minerals exploration company focused on the acquisition and development of uranium assets in North America. Currently, Magnum's primary property holdings are located in the Western United States, specifically Wyoming, Utah, Idaho, and New Mexico, and in Canada's Athabasca Basin.

ON BEHALF OF THE BOARD

"Craig T. Lindsay"
President & CEO


For additional information please contact:
Tel: 604.683.2507 Fax: 604.683.2506
E-Mail: info@magnumuranium.com

THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED OR DISSAPROVED OF THE CONTENTS HEREIN.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.


 
 
 

 
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Magnum Uranium Corp.

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CODE : MM.V
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Magnum Uranium is a uranium exploration company based in Canada.

Magnum Uranium produces uranium, copper and tin in USA, and holds various exploration projects in USA.

Its main asset in production is SAN RAFAEL in USA and its main exploration properties are MARYSVALE, STANLEY URANIUM and 35/75 in USA.

Magnum Uranium is listed in Canada and in United States of America. Its market capitalisation is CA$ 5.2 millions as of today (US$ 5.2 millions, € 3.7 millions).

Its stock quote reached its lowest recent point on December 24, 2008 at CA$ 0.07, and its highest recent level on May 04, 2012 at CA$ 4.36.

Magnum Uranium has 22 268 000 shares outstanding.

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Financings of Magnum Uranium Corp.
3/2/2007Completes Private Placement
Project news of Magnum Uranium Corp.
5/22/2009(San Rafael)Files Amended 43-101 Technical Report on Its Deep Gold Depos...
1/8/2009(San Rafael)Initiates Drill Program And Announces Earn-In Of 100% Intere...
11/12/2008(Marysvale)Drills Bulk Tonnage Mineralization at Marysvale
9/19/2008(San Rafael)Issues NI 43-101-compliant Uranium Resource on the Deep Gold...
7/31/2008(San Rafael)Announces San Rafael Project Update
4/14/2008(San Rafael)Commences San Rafael Drill Program
3/25/2008Issues First NI 43-101-Compliant Uranium Resource on a Porti...
1/17/2008Announces High-Grade Phase II Drill Results from San Rafael ...
8/10/2007Announces High-Grade Drill Results from San Rafael Project, ...
3/28/2007Signs Lye Uranium Project Drill Contract
Corporate news of Magnum Uranium Corp.
2/12/2008Uranium Completes 80% Earn-in on San Rafael Joint Venture
11/26/2007Discovers Significant Radon Anomaly at 35-75 Uranium Propert...
10/25/2007 Commences Phase II Drilling at San Raphael
10/18/2007 Discovers Sizeable Radon Anomaly at Marysvale
8/23/2007Acquires Significant San Raphael Data Package
6/12/2007Begins Drilling at San Raphael Uranium Project, Utah
5/16/2007Commences Phase II Wyoming Drilling
5/3/2007Announces Joint Venture with Triex in Athabasca
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