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SergioHH · 18-07-2007, 15:41

Northwestern, UraMin finish phase one drilling in Niger

Northwestern Mineral Ventures Inc (C:NWT) Shares Issued 105,239,753Last Close 7/17/2007 $0.87Wednesday July 18 2007 - News Release

Also UraMin Inc (C:UMN) News Release

Mr. Marek Kreczmer of Northwestern reports

NORTHWESTERN AND URAMIN COMPLETE PHASE ONE DRILLING IN NIGER

Northwestern Mineral Ventures Inc. and UraMin Inc. have successfully completed an initial drill program on the highly prospective Irhazer and In Gall concessions in Niger. A total of 15 mud rotary holes covering 8,763 feet (2,671 metres) were drilled to test potential near-surface uranium mineralization in the vicinity of radioactive structural domes, which were discovered during earlier ground exploration. These buried sandstone units are known for hosting economic mineralization at the nearby Azelik and Imouraren orebodies.

"The successful completion of this preliminary drill program marks a significant milestone for us in Niger," said Marek J. Kreczmer, president and chief executive officer of Northwestern and managing director and chief executive officer of the joint venture company. "We have documented widely spaced, high-grade uranium values from rock chip samples at Irhazer and In Gall and the drill results should provide us with additional insight into the uranium mineralization at shallow depths. We look forward to continued exploration and to additional drilling, which is scheduled to commence after Niger's rainy season."

Ian Stalker, executive deputy chairman of the joint venture company, said: "We are very pleased to have completed the initial drill program in Irhazer and In Gall; these are prospective licence areas and we will be announcing the results of the tests as soon as is practicable. The progress made to date with the exploration program demonstrates how well the joint venture between UraMin and Northwestern is working. Both companies have reputations for being prepared to invest in order to fast track developments."

Joint venture property portfolio

The joint venture company boasts eight uranium properties -- known as Irhazer, In Gall, Kamas 1 to 4, and Dabala 3 and 4 -- covering a total of 1,673,644 acres (6,773 square kilometres).

Irhazer and In Gall have returned uranium values ranging from 0.22 per cent U3O8 to 1.0 per cent U3O8 from five surface rock samples collected from outcrops, as reported in Northwestern news in Stockwatch May 29, 2007. These samples were submitted for reanalysis after they exceeded the detection limits of uranium tests routinely used to analyze samples from Niger. Producing mines and deposits in Niger typically grade from 0.1 per cent to 0.42 per cent U3O8, with the highest grades being mined at greater depths.

Kamas 1 to 4 and Dabala 3 and 4 are adjacent and situated along the proven Arlit fault, north of a successful uranium-producing mine. The formation of the new corporation and completion of the transactions are subject to review and approval in the Republic of Niger, as well as the receipt of all applicable regulatory approvals (including the approval of the TSX Venture Exchange) and a favourable fairness opinion.

Quality assurance

Each drill hole has been logged using a Robertson downhole geophysical probe. Rock chip samples representing intersection lengths of 3.28 feet (1.0 metre) were selected in the mineralized zones identified by the downhole probe and will be sent to SGS Laboratory in Ouagadougou, Burkina Faso, for preparation. Laboratory analysis will be conducted by SGS Lakefield Research Africa (Pty.) Ltd. using pressed pellet XRF. Quality analysis is carried out using certified reference materials and a minimum of 10 per cent of the samples are analyzed in duplicate. In the case of samples exceeding 2,000 parts per million, reanalysis will be conducted by SGS using borate fusion XRF. Northwestern and SGS both maintain comprehensive and independent quality control/quality assurance programs.

Drilling was conducted by ESAFOR of Arlit, Niger. ESAFOR is one of the major drilling companies involved in uranium exploration and exploitation in Niger.

G.M. Greenway, PrSciNat (SACNASP), MSAIMM, MGSSA, is the qualified person responsible for the current exploration program in Niger and has verified the data reported above. Mr. Greenway is a consultant to UraMin and Northwestern, 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 qualify as a qualified person for the purposes of the geological section in this report. Mr. Greenway has no interest in the company and has consented to the inclusion in this report of his name in the form and context in which it appears.

© 2007 Canjex Publishing Ltd.

18-07-2007, 15:41	#288
SergioHH TBB Starmember Registriert seit: Jul 2006 Beiträge: 134	Northwestern, UraMin finish phase one drilling in Niger Northwestern, UraMin finish phase one drilling in Niger Northwestern Mineral Ventures Inc (C:NWT) Shares Issued 105,239,753Last Close 7/17/2007 $0.87Wednesday July 18 2007 - News Release Also UraMin Inc (C:UMN) News Release Mr. Marek Kreczmer of Northwestern reports NORTHWESTERN AND URAMIN COMPLETE PHASE ONE DRILLING IN NIGER Northwestern Mineral Ventures Inc. and UraMin Inc. have successfully completed an initial drill program on the highly prospective Irhazer and In Gall concessions in Niger. A total of 15 mud rotary holes covering 8,763 feet (2,671 metres) were drilled to test potential near-surface uranium mineralization in the vicinity of radioactive structural domes, which were discovered during earlier ground exploration. These buried sandstone units are known for hosting economic mineralization at the nearby Azelik and Imouraren orebodies. "The successful completion of this preliminary drill program marks a significant milestone for us in Niger," said Marek J. Kreczmer, president and chief executive officer of Northwestern and managing director and chief executive officer of the joint venture company. "We have documented widely spaced, high-grade uranium values from rock chip samples at Irhazer and In Gall and the drill results should provide us with additional insight into the uranium mineralization at shallow depths. We look forward to continued exploration and to additional drilling, which is scheduled to commence after Niger's rainy season." Ian Stalker, executive deputy chairman of the joint venture company, said: "We are very pleased to have completed the initial drill program in Irhazer and In Gall; these are prospective licence areas and we will be announcing the results of the tests as soon as is practicable. The progress made to date with the exploration program demonstrates how well the joint venture between UraMin and Northwestern is working. Both companies have reputations for being prepared to invest in order to fast track developments." Joint venture property portfolio The joint venture company boasts eight uranium properties -- known as Irhazer, In Gall, Kamas 1 to 4, and Dabala 3 and 4 -- covering a total of 1,673,644 acres (6,773 square kilometres). Irhazer and In Gall have returned uranium values ranging from 0.22 per cent U3O8 to 1.0 per cent U3O8 from five surface rock samples collected from outcrops, as reported in Northwestern news in Stockwatch May 29, 2007. These samples were submitted for reanalysis after they exceeded the detection limits of uranium tests routinely used to analyze samples from Niger. Producing mines and deposits in Niger typically grade from 0.1 per cent to 0.42 per cent U3O8, with the highest grades being mined at greater depths. Kamas 1 to 4 and Dabala 3 and 4 are adjacent and situated along the proven Arlit fault, north of a successful uranium-producing mine. The formation of the new corporation and completion of the transactions are subject to review and approval in the Republic of Niger, as well as the receipt of all applicable regulatory approvals (including the approval of the TSX Venture Exchange) and a favourable fairness opinion. Quality assurance Each drill hole has been logged using a Robertson downhole geophysical probe. Rock chip samples representing intersection lengths of 3.28 feet (1.0 metre) were selected in the mineralized zones identified by the downhole probe and will be sent to SGS Laboratory in Ouagadougou, Burkina Faso, for preparation. Laboratory analysis will be conducted by SGS Lakefield Research Africa (Pty.) Ltd. using pressed pellet XRF. Quality analysis is carried out using certified reference materials and a minimum of 10 per cent of the samples are analyzed in duplicate. In the case of samples exceeding 2,000 parts per million, reanalysis will be conducted by SGS using borate fusion XRF. Northwestern and SGS both maintain comprehensive and independent quality control/quality assurance programs. Drilling was conducted by ESAFOR of Arlit, Niger. ESAFOR is one of the major drilling companies involved in uranium exploration and exploitation in Niger. G.M. Greenway, PrSciNat (SACNASP), MSAIMM, MGSSA, is the qualified person responsible for the current exploration program in Niger and has verified the data reported above. Mr. Greenway is a consultant to UraMin and Northwestern, 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 qualify as a qualified person for the purposes of the geological section in this report. Mr. Greenway has no interest in the company and has consented to the inclusion in this report of his name in the form and context in which it appears. © 2007 Canjex Publishing Ltd.