Mesa Uranium Acquires Uranium Leases
February 02 2011 - 1:30PM
Marketwired
Mesa Uranium Corp. (TSX VENTURE: MSA)(PINK SHEETS: MSAJF) ("Mesa"
or the "Company") is pleased to announce the acquisition from the
State of a Utah a uranium lease consisting of 2,560 acres located
in the Seven Mile Uranium District of Southeastern Utah. Mesa has
also acquired a mineral lease for the Lone Star mine, an historic
producer of uranium. The Lone Star mine consists of approximately
20 acres and is located in the Lisbon Valley Mining District in
southeastern Utah. Production from the Lone Star was not
significant however there is excellent potential for the discovery
of uranium on the claim. Both mineral leases were acquired for
nominal annual payments and a royalty.
Mesa will evaluate available drill logs, geologic maps and
production records to guide future exploration work.
About Mesa Uranium
Mesa is exploring a portfolio of premier uranium, lithium and
potash properties in the United States where it controls
significant land holdings. All projects are within proven mining
districts with excellent access and infrastructure. Mesa currently
has 12.2 million shares issued and outstanding. 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. Corporate Communications
775-824-4533 www.mesauranium.com
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