Mesa Uranium Expands the Green Energy Lithium Project
March 17 2010 - 4:01PM
Marketwired
Mesa Uranium Corp. (TSX VENTURE: MSA) ("Mesa" or "Company")
announces the addition of new claims extending over a potentially
high grade brine target at the Green Energy lithium project in
Utah. 1,740 acres of new claims have been staked bringing the total
acreage under Mesa control to 7,850, or approximately 12 square
miles. The project is wholly owned by Mesa.
The new claims overlay a syncline, or structural trough, thought
to contain higher concentrations of brine exceeding the previously
acquired portion of the project located on an anticline, or
structural dome. A petroleum engineering report from 1966 suggested
the syncline would host a higher concentration of minerals through
hydrodynamic drive (gravity and water pressure). Historic oil
exploration wells focused on the anticline, known traps for oil and
gas reservoirs, no holes were drilled into the syncline. This
report went on to suggest a minimum brine reservoir of 15 million
barrels with upside in the hundreds of millions of barrels.
Lithium occurs at the project with values as high as 1,700 ppm
lithium (0.9% Li2CO3) in saturated brine. In addition to the
lithium the brine grades as high as 7.9% potash, 18.7% magnesium
chloride, 13% salt, 6,100 ppm bromine and 1,260 ppm boron.
The brine, 40% minerals and 60% water, was discovered in the
1960s when oil exploration wells unexpectedly encountered
high-pressure brine blow-outs upon drilling into Bed #31 of the
Paradox Formation. Bed #31 is approximately 6,000 feet deep and
consists of 30 feet of shale, anhydrite and dolomite; the bed is
not part of any oil reservoir.
Drilling Program
Permit applications for exploration drilling will be submitted
to the Bureau of Land Management in March with drilling expected to
occur upon receipt. A work program is being developed to obtain
modern brine samples for chemical analysis and baseline/preliminary
metallurgical testing for mineral extraction. Engineering
characteristics of the brine formation will also be tested to
establish pressure, temperature, artesian characteristics,
precipitation characteristics, drawdown, and potential size of the
aquifer.
While the Company has no reason to doubt the accuracy of the
historical results, the data should not be relied upon until
confirmed by the Company's own exploration that meet NI 43-101
standards for disclosure. Historical results and the work that
generated them predate the enactment of National Instrument 43-101
and accordingly may not meet the requirements of that policy. There
are no 43-101 mineral reserves or mineral resources on the Green
Energy lithium project.
About Mesa Uranium
Mesa explores and develops mineral properties focused in the
western United States. For further information please visit our
website at www.mesauranium.com.
ON BEHALF OF THE BOARD
MESA URANIUM CORP.
Foster Wilson, President and CEO
This news release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statements of historical facts, including the likelihood of
commercial mining and possible future financings are
forward-looking statements. Although the Company believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those in the forward-looking statements. Factors
that could cause actual results to differ materially from those in
forward-looking statements include unsuccessful exploration
results, changes in metals prices, changes in the availability of
funding for mineral exploration, unanticipated changes in key
management personnel and general economic conditions. Mining is an
inherently risky business. Accordingly the actual events may differ
materially from those projected in the forward-looking statements.
For more information on the Company and the risks and challenges of
its business, investors should review the Company's annual filings
that are available at www.sedar.com.
The TSX Venture Exchange has neither approved nor disapproved of
the contents of this news release.
Contacts: Mesa Uranium Corp. Foster Wilson 1-775-771-5219
www.mesauranium.com
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