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Re: News Release - Thursday, November 15, 2007
Mesa Uranium Begins Drilling Moonshine Springs Uranium Project in
Arizona
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Mesa Uranium Corp. (TSX-V:MZU) ("Mesa") is pleased to announce
commencement of drilling at its 100%-owned Moonshine Springs project in
the Arizona Strip Uranium Mining District in Mohave County, Arizona.
Uranium exploration in the Moonshine Springs area by Pathfinder Mines
and Exxon Minerals led to the discovery of a 2.5 million pound U3O8
deposit in the 1980s. The deposit is currently owned by Dennison Mines
and is located within 1 mile of Mesa's project. Limited data exists on
historic holes drilled on land controlled by Mesa. One hole drilled by
Exxon intercepted a six foot interval averaging 0.4% U3O8 (8 pounds per
ton) at a depth of 600 feet.
Mesa's planned drilling program will consist of 10 to 12 holes for a
total footage of 6,000 feet and is designed to verify previous drilling
and test for extensions of the known mineralized system. Positive
drilling results will lead to follow-up drilling in 2008.
About Mesa Uranium
Mesa Uranium Corp. is a uranium exploration company focused on proven
uranium districts in the western United States. Mesa's lead project is
the 100%-owned, 30 square mile Lisbon Valley project in the Lisbon
Valley Mining District in Utah. The District produced over 85 million
pounds of U3O8, at some of the highest grades in the United States,
averaging 0.4% U3O8. For further information about Mesa Uranium 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., Technical Advisor for Mesa, a Qualified
Person as defined by National Instrument 43-101 guidelines.
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 775-826-9888
Wayne Marsden -- Investor Relations, toll free 866-337-1235
The TSX Venture Exchange has neither approved nor disapproved of the
contents of this news release.
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Copyright (c) 2007 MESA URANIUM CORP. (TSX:MZU) All rights reserved. For
more information visit our website at http://www.mesauranium.com/ or
send mailto:info@mesauranium.com
Message sent on Wed Nov 14, 2007 at 4:47:44 PM Pacific Time
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