Magnum Uranium Corp.

Published : October 18th, 2007

Discovers Sizeable Radon Anomaly at Marysvale

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





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Thursday, October 18, 2007
Magnum Discovers Sizeable Radon Anomaly at Marysvale


 

VANCOUVER, B.C. -- Magnum Uranium Corp. ("Magnum") is pleased to announce the discovery of a sizable radon anomaly at its Marysvale Uranium Property located in the historic Marysvale Uranium District, Piute Co., Utah. The anomaly was delineated during a soil-gas radon survey conducted in August 2007 by StrataModel, Inc. The anomaly defines an 800 to 850-foot-wide by 1,570-foot-long coherent zone that strikes N30W and indicates untested subsurface uranium mineralization. The area covered by this anomaly is approximately 22 acres and lies in the central portion of Magnum's claim block at the southern end of the core of the historic Marysvale Uranium District. Approximately 1.8 million pounds of uranium were produced from the core of the District at an average production grade of 0.075% U3O8.

The strength of this anomaly is significant in that 7 of 11 sample sites contain greater than 6 standard deviations of tracks per hour. The tracks had to be manually counted as the results generated from the radon gas survey exceeded the mechanical counters capability. Magnum plans on drilling six (6) holes to test this anomaly during the upcoming 2008 field season.

John R. Carden Ph.D., P. Geo., a Qualified Person as defined by National Instrument 43-101, is responsible for the technical information in this release.

The Company

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 DISAPPROVED 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.

PRODUCER
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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