NWT Uranium and Azimut commence drilling at North Rae, Quebec
TORONTO, Sept. 18 /PRNewswire-FirstCall/ -- NWT Uranium Corp. (TSX-V: NWT; OTCBB: NWURF), as operator, and its partner Azimut Exploration Inc. (TSX-V: AZM) are pleased to announce that drilling has commenced at the North Rae uranium project in the Ungava Bay region of northern Quebec, Canada. The drill program, which commenced in August, is focused on the highest priority areas of the property, comprising previously identified radioactive targets. Five holes totaling 1,188 feet (362 meters) have so far been completed and drilling is continuing.
"Progressing to the drill phase is an exciting step forward and takes our work at North Rae to a new level," said Marek J. Kreczmer, President and CEO of NWT Uranium. "The focus of our drill program is to determine the presence of potentially economic mineralization in recently identified radioactive targets. We plan to continue drilling until the onset of winter conditions in the Ungava Bay region and look forward to revealing the full potential of our Quebec uranium concessions."
Sites scheduled for testing in this initial phase of drilling include recently identified radioactive targets in five zones - Tasik, Tasialuk, Aqpiq, Ilaluga and Jonas. The aim of the program is to test radioactive anomalies, the source of yellow alteration minerals and areas that have returned anomalous uranium values from rock grab samples. The exploration model focuses on large near-surface targets with open-pit potential. Drilling is being conducted by Forage a Diamant Benoit Ltee of Val d'Or, Quebec.
Results at North Rae continue to underscore the area's potential to host a new uranium district. A total of seven radioactive zones have so far been identified for follow-up work and grids have been completed on four of these areas. These areas of elevated radiometry registered values ranging from 1,000 to 100,000 counts per second (cps) in sharp contrast to background values of approximately 120 cps.
The Tasik zone covers an area of elevated radiometry measuring 3,280 feet (1,000 meters) by 328 to 492 feet (100 to 150 meters). Tasialuk contains a radioactive area measuring 3,280 feet (1,000 meters) by 656 to 984 feet (200 to 300 meters). Aqpiq, Ilaluga and Jonas are still undergoing ground evaluation.
Quality Assurance
NQ core is split in half on site, with one half collected for sample analysis and the other half remaining as reference material. Samples selected for analysis will be sent to Saskatchewan Research Council of Saskatoon for analysis using both aqua regia and total acid digestion followed by ICP. Industry standard Quality Control/Quality Assurance protocols have been implemented, including insertion of certified reference material.
CFO Appointment
NWT is pleased to announce that its Controller, Mr. William (Bill) David Thomas, has been elevated to the position of Chief Financial Officer effective September 1, 2007. Mr. Thomas joined NWT Uranium Corp. as Controller on July 16, 2007, as reported in a press release issued that same date.
ABOUT NWT URANIUM:
NWT Uranium Corp. (
http://www.northwestmineral.com/) is an international resource exploration company with an experienced, highly technical management team. Since its inception, NWT has concentrated on the acquisition of properties with potential uranium targets. NWT Uranium is listed on the NASD Bulletin Board under the symbol "NWURF" and the TSX Venture Exchange under the symbol "NWT."
Mr. Rejean Girard, P.Geo., of IOS Services Geoscientifiques Inc. based in Chicoutimi, Quebec, who is a Qualified Person (QP) as defined in National Instrument 43-101, is responsible for the current exploration program at North Rae and has verified the data reported above. Mr. Girard is a consultant to NWT Uranium and has sufficient experience relevant to the style of mineralization and type of deposits under consideration and to the activity which he is undertaking to act as a Qualified Person for the purposes of the geological section of this press release. Mr. Girard has no interest in NWT Uranium and has consented to the inclusion in this press release of his name in the form and context in which it appears.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
This news release includes certain "forward looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the worldwide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital.