Mesa Uranium Retains North American Exploration Inc. for the Green Energy Lithium Project
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/09/11 -- Mesa Uranium Corp. (TSX VENTURE: MSA)(PINK SHEETS: MSAJF) ('Mesa' or the 'Company') is pleased to announce that North American Exploration, Inc. (NAE) has been engaged to provide permitting, environmental and engineering support at the wholly owned Green Energy lithium project in Utah. Drilling operations are anticipated to commence in the Spring of 2011, once permits are received. NAE has worked on the Company's projects providing exploration and environmental services since Mesa's founding in 2005.
Lithium occurs at the project with values as high as 1,700 ppm lithium (0.9% Li2CO3) in saturated brine. In addition to the lithium the brine grades as high as 7.9% potash, 18.7% magnesium chloride, 13% salt, 6,100 ppm bromine and 1,260 ppm boron; these results are not 43-101 compliant and therefore should not be relied upon.
About North American Exploration
NAE and their subsidiary, North American Mine Services, provide geologic, hydrologic, engineering and environmental support services to industrial mineral, metal and coal mining operations for such clients as Rio Tinto, Kennecott Exploration, Newmont Mining, Barrick Gold and Agnico-Eagle. NAE was established in 1964 and is based in Kaysville Utah.
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 established 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