Press Release
Northwestern Mineral Ventures Inc.
NORTHWESTERN AND AZIMUT OUTLINE 2.0-MILE LONG HIGHLY PROSPECTIVE URANIUM MINERALIZED ZONE AT NORTH RAE URANIUM PROJECT IN QUEBEC, CANADA
Results further support potential for new uranium district
Northwestern Mineral Ventures Inc. (TSXV: NWT; OTCBB: NWTMF), as operator, and its partner Azimut Exploration Inc. (TSXV: AZM) are pleased to announce that surface prospecting has delineated a 2.0-mile (3.3-kilometer) long uranium mineralized zone with values of up to 0.59% U3O8 from rock samples on the North Rae property in northern Quebec, Canada. The area, known as the Rae-1 Zone, remains open and coincides with a strong 3.1-mile (5.0-kilometer) long airborne radiometric and magnetic anomaly (see figures 1 and 2 appended to this release). The anomaly, along with 13 others identified during airborne survey work, reveal significant uranium exploration potential of this newly discovered uranium district.
“Northwestern and Azimut are very encouraged by the scale, magnitude and consistency of the prospecting results obtained during the final stage of our summer exploration program at North Rae. We are further encouraged by the fact that these promising results are based on just 20 man days of prospecting,” said Marek J. Kreczmer, President and CEO of Northwestern. “The high-grade uranium value of up to 0.59% U3O8 represents the highest value so far recorded through exploration by Northwestern and Azimut on the North Rae property. Additional work is expected to define the geometry and grade of the Rae-1 Zone, which is largely open along strike and width.”
Another strong airborne uranium anomaly of 5.2-mile (8.5-kilometer) strike length, located approximately 0.62 miles (1.0 kilometers) west of and subparallel to the Rae-1 Zone, constitutes an additional highly prospective target. Limited rock sampling delivered very encouraging values up to 0.33% U3O8 and 0.15% U3O8 in the northern and southern parts of this anomaly. Other highly anomalous uranium values have been identified between this target and the Rae-1 Zone.
Results of the recently completed prospecting phase, which covered a total strike length measuring 2.0 miles (3.3 kilometers), include 22 outcrop grab samples that returned values higher than 0.05% U3O8, including 14 rock samples with values above 0.1% U3O8, the best values being 0.59%, 0.57% and 0.46% U3O8. In addition, 26 outcrop grab samples returned values ranging from 0.01% to 0.05% U3O8, and the remaining 20 outcrop grab samples yielded values lower than 0.01% U3O8.
The zone is well correlated with elevated ground radiometric values as well as a strong and continuous airborne uranium radiometric and magnetic anomaly. Uranium mineralization is contained in uraninite, a uranium-bearing mineral from which uranium is easily extracted, and appears to be hosted mainly by gneissic, granitic and granitic pegmatite lithologies.
The North Rae Uranium Project consists of three blocks representing 945 claims, with a total area of 105,254 acres (42,595 hectares). Northwestern 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. Results from the company’s summer exploration program, which included airborne and lake sediment surveys and rock sampling, were announced in press releases dated October 11, 2006 and October 5, 2006.
QUALITY ASSURANCE
Fieldwork was conducted under the supervision of Réjean Girard, P.Geo., from IOS Services Géoscientifiques Inc. based in Chicoutimi, Quebec. Rock samples were analyzed by aqua regia digestion and ICP at the Saskatchewan Research Council (SRC) laboratory in Saskatoon, which is an ISO-IEC 17025 accredited facility. Aeroquest International Ltd. performed the helicopter-borne survey from August 27 to September 9, 2006.
ABOUT NORTHWESTERN:
Northwestern Mineral Ventures (
www.northwestmineral.com: <
http://www.northwestmineral.com> ) is an international 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.”
FURTHER INFORMATION:
Marek J. Kreczmer, M.Sc., P.Eng.
President and CEO
(866) 437-9551
info@northwestmineral.com: <mailto:info@northwestmineral.com>
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.
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 property being delineated as a mineral resource.