Mesa Uranium JV Partner Passport Potash Commences Geophysical Survey at Holbrook Potash Project
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/03/11 -- Mesa Uranium Corp. (TSX VENTURE: MSA)(PINK SHEETS: MSAJF) ('Mesa' or the 'Company') is pleased to announce that our joint venture partner Passport Potash Inc. ('Passport') has commenced a 50-line-mile seismic survey at the Holbrook basin site. The survey, being performed by Zonge International, will include the lands subject to a joint venture between Mesa and Passport. Passport is the operator of the joint venture; all exploration expenditures on the joint venture are paid by Passport.
The results of the seismic survey will be used in evaluating geologic, stratigraphic and structural information for the Holbrook basin, improving Passport's ability to assess the predictability, thickness and continuity of the potash horizon and the mapping of faults and other geologic structures within those rock units of primary interest. This information will be included and utilized in the NI 43-101 report being prepared by SRK Consulting for Passport.
Commenting on the seismic survey, Mesa President Foster Wilson stated: 'Mesa is very pleased with Passports modern exploration strategy and their selection of first-rate contractors to advance the Holbrook basin potash deposits towards resource development.'
About Mesa Uranium
Mesa is exploring a portfolio of premier uranium, lithium and potash properties in the United States where it controls significant land holdings. All projects are within proven mining districts with excellent access and infrastructure. Mesa currently has 12.2 million shares issued and outstanding, and has no debt. For further information please visit our website at www.mesauranium.com.
ON BEHALF OF THE BOARD
MESA URANIUM CORP.
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.
The TSX Venture Exchange has neither approved nor disapproved of the contents of this news release.
Contacts:
Mesa Uranium Corp.
Corporate Communications
775-824-4533
www.mesauranium.com