Mesa Uranium Files 43-101 Report, Expands the Green Energy Project
March 23 2011 - 11:48AM
Marketwired
Mesa Uranium Corp. (TSX VENTURE: MSA)(PINK SHEETS: MSAJF) ("Mesa"
or the "Company") is pleased to report that it has filed a
technical report under National Instrument 43-101 for the wholly
owned Green Energy project in Utah. Additionally, Mesa has staked
new claims contiguous to the existing claim block, adding 2,240
acres for a total position of 10,080 acres.
The Technical Report was prepared by Dana Durgin of Delve
Consultants, a Reno Nevada based consulting geologist who fulfills
the requirements of a 'Qualified Person' for the purposes of NI
43-101. The report is dated March 14, 2011 and is titled "Technical
Report, Geology and Mineral Resources, Green Energy Project, Grand
County, Utah". The report may be viewed on Mesa's website
www.mesauranium.com or on the System for Electronic Document
Analysis and Retrieval (SEDAR) www.sedar.com.
In the report, Mr. Durgin provides a detailed description of the
historical reserve estimates, mineral potential, geology and
previous exploration on the project. Mr. Durgin's review recommends
a Phase 1 program of evaluation, drilling and metallurgical testing
on the targeted areas, at an estimated budget of $340,000. An
excerpt from the Recommendations section concludes: "The drilling
of a well should be considered for exploration and possible
production. It should be designed to sample the Clastic Zone 31
brine and the potash #5 and #9 strata, which are those currently
being mined at Intrepid Minerals' Cane Creek potash mine." Mesa is
currently engaged in obtaining the permits and selecting a drilling
contractor for this program.
The report stated, "While not yet sufficiently well defined for
mining purposes, both the lithium and the potash resources appear
to be quite large, based on the oil and gas well data, and on brine
studies from the 1960's." Mesa is currently creating a 3-D model
using the oil and gas well data to aid in drill target
selection.
About the Green Energy Project
Mineral brine occurs at the project with historic values as high
as 1,700 ppm lithium (0.9% Li2CO3), 7.9% potash, 18.7% magnesium
chloride, 6,100 ppm bromine and 1,260 ppm boron; these results are
not 43-101 compliant and have not been verified by the Company. To
put the project into context, the table below shows lithium and
potassium grades at various natural brine mines. Potash from
solution mining typically grades 1-3% potash however, these are
man-made brines created by dissolving concentrated bedded potash
deposits.
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Deposit Location Lithium (ppm) Potash (percent)
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Green Energy Utah 81 - 1700 8.96
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Atacama Chili 1,700 4.2
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Clayton Valley Nevada 300 0.15
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Great Salt Lake - North Arm Utah 66 0.87
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Great Salt Lake - South Arm Utah 43 1.3
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Hombre Muerto Argentina 100 - 700
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Uyuni Bolivia 100 - 500
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About Mesa Uranium
Mesa is exploring a portfolio of premier mineral 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 12.6 million shares issued
and outstanding, and has no debt. 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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