Press Release Source: Northwestern Mineral Ventures Inc.
Northwestern completes airborne survey over properties in Niger; identifies multiple potential uranium targets
Thursday June 15, 9:00 am ET
TORONTO, June 15 /PRNewswire-FirstCall/ - Northwestern Mineral Ventures Inc. (TSX-V: NWT - News; OTCBB: NWTMF - News) is pleased to announce the completion of its comprehensive fixed- wing airborne geophysical survey in Niger, which covered the company's In Gall and Irhazer uranium concessions. Initial results from the In Gall fly-over, which was completed first, have identified several near- surface targets with significant uranium mineralization potential.
"We are very excited by the early findings of our airborne survey over In Gall and we are confident that the results from the second concession, Irhazer, will also reveal strong uranium targets that will warrant further exploration and drilling," said Marek Kreczmer, President and CEO of Northwestern Mineral Ventures. "In the coming months, we anticipate the mobilization of a ground crew to conduct surface geophysical testing, which is expected to include mapping, trenching and soil sampling, among other activities."
Northwestern expects the aircraft to be recalibrated based on the initial results and a second airborne survey to further delineate areas with strong uranium potential is expected to commence in the summer. The radiometric and magnetometric airborne survey conducted in May covered nearly 12,000 line kilometers over each Niger concession, for a total of 24,000 line kilometers.
In Gall and Irhazer cover 988,000 acres (4,000 square kilometers) of highly prospective land within the same stratigraphy as two operating uranium mines that together provide almost 10% of worldwide production. Niger currently ranks as one of the world's top producers of uranium.
ABOUT NORTHWESTERN:
Northwestern Mineral Ventures (
www.northwestmineral.com) is an international natural resource exploration company with an experienced management team. The company is focused on properties in Niger and Canada with potential uranium targets. Northwestern also has a precious and base metal property in Mexico. Northwestern is listed on the NASD Bulletin Board under the symbol "NWTMF" and the TSX Venture Exchange under the symbol "NWT."
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 world wide 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.
Source: Northwestern Mineral Ventures Inc.