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Mesa Exploration

Publié le 04 novembre 2009

Acquires Lithium Project

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Mots clés associés :   Lithium | Uranium | Utah |

Re:        News Release - Wednesday, November 04, 2009
Title:     Mesa Uranium Acquires Lithium Project

Mesa Uranium Corp. (TSX: MSA) is pleased to announce that it has acquired, by staking, the Green Energy lithium project in Utah. The project consists of mining claims covering an area of approximately 10 square miles (6,000 acres) and is 100% wholly-owned. High demand and low supply has pushed lithium carbonate (Li2CO3) prices to US$6,600.00 per ton, lithium-ion battery demand for hybrid-electric and electric cars is expected to increase fivefold by 2012.

Lithium occurs at the project over an extensive area with values as high as 1,700 ppm lithium (0.9% Li2CO3) in saturated brine. The brine was discovered in the 1960s when oil exploration wells encountered blow-outs drilling into Bed #31 of the Paradox Formation. The pressurized free-flowing brine interrupted drilling operations and was considered a nuisance, rarely chemically analyzed or flow-rate tested. Over twenty oil exploration wells have been drilled on the Green Energy project; five of these wells have analytical data for lithium. Below is a summary of this data:

Well Name Lithium (ppm) Gallons Per Day Li2CO3 Annual
Tons
WC No.2 1,700 491,000 8,786
SNG No.1 500 Adjacent to WC No.2 Not Determined
KO No.2 173 3 Miles North of PO No.1 Not Determined
PO No.1 134 1,356,000 1,911
BF No.2 81 50,400 43

Lithium brine mines are more economic to mine and process than conventional open-pit or underground mines. Given the favorable climate of the area solar evaporation can be used to concentrate the brine to enhance project economics. World-class lithium brine mines range in grade from 150 ppm to 1,200 ppm lithium and employ proven solar evaporation concentration techniques.

Mesa is currently evaluating all available recent and historic exploration drilling logs. A professional engineering firm will be engaged to evaluate drilling data, reservoir potential and extraction methods at the Green Energy project.

While the Company has no reason to doubt the accuracy of the historical results, the data should not be relied upon until confirmed by the Company's own exploration. Historical results and the work that generated them pre-date the enactment of National Instrument 43-101 and accordingly may not meet the requirements of that policy. There are no 43-101 mineral reserves or mineral resources on the Green Energy lithium project. The potential quantity and grade indicated above is conceptual in nature and has been provided only for illustration purposes.

About Lithium

Lithium is used for batteries, specialty glass, lubricants, pharmaceuticals and lithium alloys. Lithium ion (Li-ion) batteries have become the rechargeable battery of choice in cell phones, computers, hybrid-electric cars and electric cars. GM, Ford, Toyota, Dodge, Chrysler, Mitsubishi, Nissan, Tesla, Saturn and Mercedes-Benz have all announced plans to build Li-ion battery-powered cars. Demand for lithium-powered vehicles is expected to increase fivefold by 2012. The domestic automotive industry must secure a lithium source to supply the next generation of hybrid-electric and electric vehicles. Over 60% of cell phones and 90% of laptops use lithium batteries. The worldwide market for lithium batteries is estimated at over $4 billion per year.

About Mesa Uranium

Mesa explores and develops mineral properties focused in the western United States. For further information please visit our website at www.mesauranium.com.

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:

Susan Bertling, 1-604-688-7508

The TSX Venture Exchange has neither approved nor disapproved of the contents of this news release.


Copyright � 2009 MESA URANIUM CORP. (MSA) All rights reserved. For more information visit our website at http://www.mesauranium.com/ or send email to info@mesauranium.com ..
Message sent on Tue Nov 3, 2009 at 9:45:43 AM Pacific Time

Mesa Exploration

EXPLORATEUR
CODE : MSA.V
ISIN : CA59064J1075
CUSIP : 59064J107
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Mesa Exploration est une société d’exploration minière d'uranium basée au Canada.

Mesa Exploration détient divers projets d'exploration en USA.

Ses principaux projets en exploration sont LONE STAR UTAH, HOLBROOK, GREEN ENERGY, MOONSHINE SPRINGS et LISBON VALLEY PROJECT en USA.

Mesa Exploration est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 967 288 CA$ (726 356 US$, 661 565 €).

La valeur de son action a atteint son plus haut niveau récent le 11 février 2011 à 1,49 CA$, et son plus bas niveau récent le 19 février 2016 à 0,01 CA$.

Mesa Exploration possède 16 121 460 actions en circulation.

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Présentations des Compagnies de Mesa Exploration
03/10/2007 Updated In Jay Taylor's Energy Newsletter
Financements de Mesa Exploration
24/06/2013Non-brokered Private Placement
23/03/2012Closes Non-brokered Private Placement
29/02/2012Announces Non-Brokered Private Placement
10/06/2011Announces 100% of Warrants Exercised
18/02/2011Announces Non-Brokered Private Placement
25/11/2009Announces Private Placement
20/11/2009Closes Private Placement with Pinetree Resource Partnership
10/11/2009Announces Private Placement
23/07/2008Announces Closing of Private Placement
30/05/2008Announces Private Placement
12/04/2007Closes $3 Million Private Placement
Nominations de Mesa Exploration
05/04/2012Announces Changes to the Board of Directors
Projets de Mesa Exploration
22/09/2016Agrees to Sell the Sal Rica Project
13/11/2012Acquires Gold and Silver Projects
31/07/2012Permitting Update for the Bounty Potash Project
16/05/2012Receives Utah Congressional Delegation Support for the Bount...
26/03/2012(Moonshine Springs)Drilling Confirms Uranium Zone at Moonshine Springs Project
22/02/2012(Moonshine Springs)Commences Drilling Program at Moonshine Springs Uranium Proj...
31/01/2012Acquires the Bounty Potash Project
25/01/2012(Moonshine Springs)To Drill Moonshine Springs Uranium Project
26/10/2011Acquires Seismic Data for Utah Projects
22/06/2011Receives Metallurgical Report for Lithium, Potash Project
09/02/2011(Green Energy)Retains North American Exploration Inc. for the Green Energy...
03/02/2011(Holbrook)JV Partner Passport Potash Commences Geophysical Survey at H...
02/02/2011(Lone Star Utah)Acquires Uranium Leases
21/06/2010(Moonshine Springs)Receives Drilling Permit at Moonshine Springs, Arizona
17/12/2009(Green Energy)Update
17/03/2010(Green Energy)Expands the Project
20/04/2010(Green Energy)Initiates Permitting for Green Energy Lithium Project
07/05/2008(Moonshine Springs)Conducts Radon Survey at Moonshine Springs, Arizona
Communiqués de Presse de Mesa Exploration
13/07/2016Favorable Lithium Brine Assay Results From Sal Rica
23/06/2016Acquires Sal Rica Lithium Brine Project
25/05/2016Closes Green Energy Mineral Brine Transaction
22/12/2015Re-acquires Green Energy Mineral Brine Project
22/12/2015Mesa Exploration Re-Acquires Green Energy Mineral Brine Proj...
17/12/2015Mesa Exploration Updates Four Utah Potash Projects
17/12/2015Updates Four Utah Potash Projects
13/06/2013Files Amended Technical Reports on SEDAR
25/04/2013Clarifies Technical Disclosure
12/03/2013Corporate Update
12/09/2012Reports Technical Disclosure Review and Refilling of MD&A
17/05/2012Bounty Potash Video
09/05/2012Bounty Potash Update
08/03/2012(Holbrook)Receives $300,000 Payment for Holbrook Basin
16/02/2012Files NI 43-101 Technical Report on the Bounty Potash Projec...
20/09/2011Retains Consulting Group for Potash and Lithium Drilling Sup...
03/08/2011Acquires Potash Lease in Utah
27/07/2011Commences Potash Exploration
04/05/2011Files NI 43-101 Report on Utah Potash Projects, Indicates Pr...
19/04/2011Engages IntelliMet
07/04/2011Acquires Potash Projects
23/03/2011(Green Energy)Files 43-101 Report, Expands the Green Energy Project
30/11/2010Unaware of Any Material Change
14/07/2010Signs Letter of Intent on the Holbrook Potash Project
04/11/2009Acquires Lithium Project
27/05/2009Acquires Additional Potash Projects in Utah
22/01/2009Acquires Potash Exploration Permits in Arizona
15/09/2008Acquires Utah Potash Project, Consolidates Shares
22/05/2008Signs Definitive Joint Venture Agreement with Energy Fuels
26/02/2008Expands Land Holdings, Forms WellProbe Geophysical With New ...
08/01/2008 Drills Significant U3O8 In Arizona
15/11/2007 Begins Drilling Moonshine Springs Uranium Project in Arizon...
14/11/2007 Extends Mineralization Around L-15 Discovery Hole - RAD Tar...
04/10/2007Begins Step-out Drilling On Uranium Discovery
10/09/2007Drills 17.5 Feet Grading 0.11% U3O8
04/07/2007Retains AGORACOM To Provide Investor Relations
27/06/2007Signs Second LOI with Energy Fuels Inc.
18/06/2007Begins Drilling At Lisbon Valley Project
05/06/2007Signs LOI with Energy Fuels Inc.
04/05/2007Acquires Arizona Breccia Pipe Targets
24/04/2007Lisbon Valley Project Drilling Program
18/04/2007Acquires Additional Land at Moonshine Springs
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