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Re: News Release - Thursday, October 04, 2007
Mesa Uranium Begins Step-out Drilling On Uranium Discovery
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Mesa Uranium Corp. (TSX.V: MZU) ("Mesa") is pleased to announce that step-out
drilling around discovery drill hole L-15 has commenced. This drilling
is within our 100%-owned Lisbon Valley uranium property in Southeastern
Utah.
The principal goal of this step-out drilling is to delineate additional
mineralization and to confirm lateral continuity in the area
surrounding the recently drilled L-15 discovery drill hole. The
secondary goal is to strengthen our geologic understanding of the zone
to aid in directing further step-out drilling efforts.
As previously reported (news release dated 9/10/2007) drill hole L-15
intercepted three strongly mineralized zones consisting of, top to
bottom:
� 1.5 feet of 0.13% U3O8 (2.6 pounds/ton);
� 1.0 foot of 0.16% U3O8 (3.2 pounds/ton); and
� 3.5 feet of 0.28% U3O8 (5.6 pounds/ton);
All three higher-grade intercepts resulted in an overall mineralized
interval of 17.5 feet grading 0.11% U3O8 (2.2 pounds/ton). The
mineralization in L-15 is similar to the material mined at the Lisbon
Mine, the District's largest mine (22 million pounds of U3O8). L-15
was drilled 8,000 feet east of the Lisbon Mine in an un-drilled area
along Mesa's projected southeast to northwest trend.
Mesa is pursuing the concept that 1/2 of the Lisbon Valley District has
remained buried and undiscovered on the down-faulted, eastern flank of
the Lisbon Valley anticline. Wildcat drilling in 1968 validated the
concept of ore deposits on the downthrown side with the discovery of
the District's largest mine, the Lisbon Mine, which produced 22 million
pounds of U3O8 at a grade of 0.4% U3O8. Ore deposits in the District
were flat-lying, elongate, tabular deposits averaging 200-500 feet in
width and 1,000 to 3,000 feet in length. These deposits pre-date all
faulting and are not structurally controlled.
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 uranium grades in the United
States, averaging 0.4% U3O8. The Lisbon Valley Mining District is
located in the Colorado Plateau region, 30 miles south of Moab, in San
Juan County, Utah. 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:
Wayne Marsden, 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.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 Thu Oct 4, 2007 at 10:00:00 AM Pacific Time
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