Mesa Exploration Acquires Seismic Data for Utah Projects
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/26/11 -- Mesa Exploration Corp. (TSX VENTURE: MSA)(PINK SHEETS: MSAJF) ('Mesa') is pleased to announce that the company has acquired 23 line-miles (37 line-km) of historic 2-D seismic data covering the Green Energy and White Cloud projects in southeast Utah. The amount of data is significant and will be used in the interpretation of geologic structures, rock units and verifying a recently completed 3D model. The seismic lines cross the center of the projects and are close to several wells currently being drilled by a private oil/gas company. Mesa is discussing terms to acquire this logging data for the brine bed at the Green Energy project and the multiple potash beds at the White Cloud project.
The seismic data are related to historic oil and gas exploration in the Paradox Basin by Chevron, Sohio and Amoco Oil and were acquired from their archives by Seismic Exchange, Inc. The selection of seismic lines was based on project area coverage and data quality.
About Mesa Exploration
Mesa is developing and exploring a portfolio of mineral 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 14 million shares issued and outstanding, and no debt. For further information please visit our website at www.MesaExploration.com.
ON BEHALF OF THE BOARD
MESA EXPLORATION 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 Exploration Corp.
Corporate Communications
775-824-4533
www.MesaExploration.com