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nrj · 03-01-2008, 14:01

Press Release Source: NWT Uranium Corp.

NWT continues to expand uranium discovery at North Rae, Quebec

Thursday January 3, 9:00 am ET

TORONTO, Jan. 3 /PRNewswire-FirstCall/ - NWT Uranium Corp. (TSX-V: NWT - News; OTCBB: NWURF - News) today announced additional assay results from rock grab samples collected during ground evaluation work at the North Rae Uranium Project in the Ungava Bay region of northern Quebec, Canada. Of note, samples taken near the northern limits of the property reveal uranium mineralization approximately 5.3 miles (8.5 kilometers) north of previously identified zones. The results underscore the regional nature of the system and further support NWT's exploration model, which is targeting a high-tonnage, near-surface uranium deposit amenable to open-pit mining. North Rae is under option from Azimut Exploration Inc.

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"These latest results confirm the potential of North Rae as a world-class uranium discovery," said Marek J. Kreczmer, President and CEO of NWT Uranium. "We are encouraged that results continue to fall in the range of known deposits in Namibia. In addition, the presence of uranium mineralization this far to the north of the main zones we have identified to date illustrates the regional scope of the mineralized system that is underlying North Rae. We look forward to advancing North Rae and the adjacent Daniel Lake projects in 2008."

Results

Assay results from 27 widely spaced surface rock grab samples collected from the southern portion of the Tasik zone, the Torrent zone and areas located near North Rae's northern property boundary reveal values of up to 0.89% U(3)O(8). Of these 27 samples, a total of 23 returned values over 0.01% U(3)O(8), including nine with values over 0.1% U(3)O(8). All samples are widely spaced, underscoring the regional nature of the mineralized system.

At Tasik, 8 of 23 samples reveal uranium values over 0.1% U(3)O(8). The 23 samples were collected from an area measuring 328 x 492 feet (100 x 150 meters). Uranium values at Tasik are related to a series of pegmatic dykes injected in gneissic rocks (sulphide-bearing paragneiss, granitic gneiss).

The two samples taken near North Rae's northern limits returned values of 0.113% and 0.044% U(3)O(8). These results confirm the presence of uranium 5.3 miles (8.5 kilometers) north of previously identified zones of mineralization.

The table below provides details of samples that returned values above 0.1% U(3)O(8).

----------------------------------------------
SAMPLE ID URANIUM U(3)O(8) U(3)O(8)
ppm ppm %
----------------------------------------------
5929176 7557 8910 0.891
----------------------------------------------
5929174 6310 7440 0.744
----------------------------------------------
5929169 6293 7420 0.742
----------------------------------------------
5929175 4012 4730 0.473
----------------------------------------------
5929167 2782 3280 0.328
----------------------------------------------
5929168 1713 2020 0.202
----------------------------------------------
5929159 1306 1540 0.154
----------------------------------------------
5929162 1221 1440 0.144
----------------------------------------------
5929173 956 1127 0.113
----------------------------------------------

Additional rock sample results from the 2007 ground exploration program will be announced as they are received and compiled.

Some of the assays returned were below the detection limits of the analytical techniques used to analyze samples.

NWT has the right to earn up to 65% ownership of North Rae from Azimut Exploration Inc., as announced in a press release dated March 6, 2006.

Other assay results from North Rae were detailed in press releases dated November 19, 2007 and October 16, 2007, which are available at www.nwturanium.com.

Quality Assurance

Grab samples from all zones, collected during 2007 ground evaluation, were submitted to Saskatchewan Research Council of Saskatoon for analysis using aqua regia partial digestion followed by ICP. Industry standard Quality Control/Quality Assurance protocols have been implemented, including insertion of certified reference material

Samples were collected at surface or near surface after small blasting using the Boulder Buster technique (average sampling depth of 30cm).

ABOUT NWT URANIUM:

NWT Uranium Corp. (www.nwturanium.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. Bertrand Taquet, P.Geo, NWT Uranium's Senior Geologist, who is a Qualified Person (QP) as defined by National Instrument 43-101, is responsible for the current exploration program at North Rae and has supervised the preparation of this press release and verified the data reported above.

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.

Potential quantity and grade is conceptual in nature; there has been insufficient exploration to define a mineral resource on the North Rae Uranium Project and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

Source: NWT Uranium Corp.

03-01-2008, 14:01	#306
nrj TBB Goldmember Registriert seit: Dec 2004 Beiträge: 641	NWT continues to expand uranium discovery at North Rae, Quebec Press Release Source: NWT Uranium Corp. NWT continues to expand uranium discovery at North Rae, Quebec Thursday January 3, 9:00 am ET TORONTO, Jan. 3 /PRNewswire-FirstCall/ - NWT Uranium Corp. (TSX-V: NWT - News; OTCBB: NWURF - News) today announced additional assay results from rock grab samples collected during ground evaluation work at the North Rae Uranium Project in the Ungava Bay region of northern Quebec, Canada. Of note, samples taken near the northern limits of the property reveal uranium mineralization approximately 5.3 miles (8.5 kilometers) north of previously identified zones. The results underscore the regional nature of the system and further support NWT's exploration model, which is targeting a high-tonnage, near-surface uranium deposit amenable to open-pit mining. North Rae is under option from Azimut Exploration Inc. ADVERTISEMENT click here "These latest results confirm the potential of North Rae as a world-class uranium discovery," said Marek J. Kreczmer, President and CEO of NWT Uranium. "We are encouraged that results continue to fall in the range of known deposits in Namibia. In addition, the presence of uranium mineralization this far to the north of the main zones we have identified to date illustrates the regional scope of the mineralized system that is underlying North Rae. We look forward to advancing North Rae and the adjacent Daniel Lake projects in 2008." Results Assay results from 27 widely spaced surface rock grab samples collected from the southern portion of the Tasik zone, the Torrent zone and areas located near North Rae's northern property boundary reveal values of up to 0.89% U(3)O(8). Of these 27 samples, a total of 23 returned values over 0.01% U(3)O(8), including nine with values over 0.1% U(3)O(8). All samples are widely spaced, underscoring the regional nature of the mineralized system. At Tasik, 8 of 23 samples reveal uranium values over 0.1% U(3)O(8). The 23 samples were collected from an area measuring 328 x 492 feet (100 x 150 meters). Uranium values at Tasik are related to a series of pegmatic dykes injected in gneissic rocks (sulphide-bearing paragneiss, granitic gneiss). The two samples taken near North Rae's northern limits returned values of 0.113% and 0.044% U(3)O(8). These results confirm the presence of uranium 5.3 miles (8.5 kilometers) north of previously identified zones of mineralization. The table below provides details of samples that returned values above 0.1% U(3)O(8). ---------------------------------------------- SAMPLE ID URANIUM U(3)O(8) U(3)O(8) ppm ppm % ---------------------------------------------- 5929176 7557 8910 0.891 ---------------------------------------------- 5929174 6310 7440 0.744 ---------------------------------------------- 5929169 6293 7420 0.742 ---------------------------------------------- 5929175 4012 4730 0.473 ---------------------------------------------- 5929167 2782 3280 0.328 ---------------------------------------------- 5929168 1713 2020 0.202 ---------------------------------------------- 5929159 1306 1540 0.154 ---------------------------------------------- 5929162 1221 1440 0.144 ---------------------------------------------- 5929173 956 1127 0.113 ---------------------------------------------- Additional rock sample results from the 2007 ground exploration program will be announced as they are received and compiled. Some of the assays returned were below the detection limits of the analytical techniques used to analyze samples. NWT has the right to earn up to 65% ownership of North Rae from Azimut Exploration Inc., as announced in a press release dated March 6, 2006. Other assay results from North Rae were detailed in press releases dated November 19, 2007 and October 16, 2007, which are available at www.nwturanium.com. Quality Assurance Grab samples from all zones, collected during 2007 ground evaluation, were submitted to Saskatchewan Research Council of Saskatoon for analysis using aqua regia partial digestion followed by ICP. Industry standard Quality Control/Quality Assurance protocols have been implemented, including insertion of certified reference material Samples were collected at surface or near surface after small blasting using the Boulder Buster technique (average sampling depth of 30cm). ABOUT NWT URANIUM: NWT Uranium Corp. (www.nwturanium.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. Bertrand Taquet, P.Geo, NWT Uranium's Senior Geologist, who is a Qualified Person (QP) as defined by National Instrument 43-101, is responsible for the current exploration program at North Rae and has supervised the preparation of this press release and verified the data reported above. 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. Potential quantity and grade is conceptual in nature; there has been insufficient exploration to define a mineral resource on the North Rae Uranium Project and it is uncertain if further exploration will result in the target being delineated as a mineral resource. Source: NWT Uranium Corp.