Western Uranium Begins Drill Program at Kings Valley
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 06/29/10 -- Western Uranium Corporation (TSX VENTURE: WUC) ('the Company' or 'WUC') is pleased to announce that drilling will commence on the Kings Valley Project in Nevada on July 6th. This drill program will be focused on testing a strong geophysical anomaly that occurs west of the area between the North and South zones of known uranium mineralization (Figures 1 and 2). Although the area does not return highly anomalous uranium in rock chip samples at surface, copper and gold have been detected up to 0.9% copper and 0.25 g/t gold in silicified granodiorite and 500 ppm copper and 18 ppb gold in propylitized granodiorite. Stream sediment samples west of the identified anomaly also yielded anomalous copper values. The geophysical anomaly has coincident strong resistivity, high chargeability readings (IP) and a magnetite destructive signature. All three are the type of signatures that may be associated with porphyry style mineralization. The interpretation of the geophysical data suggests that potential altered or mineralized rock is near surface. A drilling program of 6-10 angle holes averaging 250 meters in depth is planned and permitted. Drill pad and road construction are underway.
In addition to the survey that identified the aforementioned target a survey grid was also run over the area of known uranium mineralization at the North Zone. The re-evaluation of the Chevron data coupled with the WUC IP survey over the North Zone suggests previous drilling by Chevron and WUC may not have adequately tested the strongest IP anomalies. A drill test of this area is planned when approval of the Plan of Operation covering this location is received from the BLM.
A comprehensive review of the Chevron Resources IP survey data from the late 1970's and early 1980's showed that IP/Resistivity was an effective tool for targeting uranium by identifying sulfides that are associated with mineralization. The surveys completed by WUC this past spring support this hypothesis and additional surveys are planned elsewhere on the property. These surveys will focus on the area between Horse Canyon and Lone Willow Springs. These areas lie to the east of known mineralization at the North to South Zones and are on top of the caldera. Additional drill programs are planned for fourth quarter of 2010.
Qualified Person
The data disclosed in this press release have been reviewed and verified by the company's chief executive officer and president, Pamela Klessig, PGeo, BA, geology, and qualified person as defined by National Instrument 43-101.
About the Company
Western Uranium Corporation is a mineral exploration company. The Company has exploration properties in Argentina, Nevada, and New Mexico for uranium and has entered into an earn-in agreement with AuEx Ventures for the Baza gold-copper project in Spain. The Company has its head office in Vancouver, Canada; its executive management team is based in Reno, Nevada.
On behalf of the Board of Western Uranium Corporation
Pamela J. Klessig, President & CEO
To view Figure 1 accompanying this press release, please click on the following link: http://media3.marketwire.com/docs/wuc629a.jpg
To view Figure 2 accompanying this press release, please click on the following link: http://media3.marketwire.com/docs/wuc629c.jpg
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Contacts:
Western Uranium Corporation
Pamela Klessig
Chief Executive Officer
775-827-3311
info@westernuranium.com
www.westernuraniumcorp.com