Western Prospector Group Ltd. (TSX VENTURE:WNP) ("Western") today announced high
grade sampling assay results from the 200-metre level of the underground
workings for its Gurvanbulag project. None of these samples represent the full
thickness of the mineralized horizon, as only its basal contact is exposed.


"We continue to be very encouraged by the high grade sampling results at our
Gurvanbulag project," said Eric Bohren, President and Chief Executive Officer of
Western. "Collected channel samples from the 200-metre level included grades as
high as 0.66% U3O8 over 2 metres."


The sampling was completed after the data set was finalized for the reserves
indicated in the Definitive Feasibility Study ("DFS") results that Western
reported on January 9, 2009, and will be incorporated into Western's next
resource estimate.


In September 2008, after completion of the main sampling, bulk sampling, mapping
and radiometric drill hole logging program of the 260-metre level at
Gurvanbulag, Western directed work at gaining access to the 200-metre level, 60
metres above. The Main Shaft, which had been rehabilitated for the dewatering
program, does not include access to the 200-metre level. All the raises in the
mineralized rock up to that level were badly collapsed and impossible to
rehabilitate with the available equipment. A ladderway was fabricated and
installed in the smaller North Shaft, thereby providing limited working
capability on the 200-metre level.


Western discovered that the 200-metre level footwall drift (main tunnel) had
been driven too close to the mineralized horizon right underneath, and collapses
had occurred in both directions not far from the shaft access point. The
collapse had also occurred a short distance down an inclined raise ascending
from the 260-metre level. Vertical channel samples were collected where safe
access was possible. At five sample locations, the top samples encountered the
bottom of the mineralized horizon and three more samples encountered narrow
fracture-filled mineralized root zones extending below the horizon as shown in
the table (results above cut-off grade of 0.08% U3O8 reported). A total of 149
samples were taken in 37 vertical channels with most samples 50 cms in length
with 3 to 5 samples taken per channel.




---------------------------------------------------------------
Sample #   Sample       Grade                   Mineralization
           length       %U3O8
          (metres)
---------------------------------------------------------------
A16588,       2.0        0.66         Bottom of mineralization
A16589,
A16591,
A16592
---------------------------------------------------------------
A16605        0.5        0.19         Bottom of mineralization
---------------------------------------------------------------
A16612        0.5        0.13         Bottom of mineralization
---------------------------------------------------------------
A16618,       1.0        0.27         Bottom of mineralization
A16619
---------------------------------------------------------------
A16725        0.5        0.28         Bottom of mineralization
---------------------------------------------------------------
A16674,       1.0        0.66       Fracture zone below bottom
A16676                               contact of mineralization
---------------------------------------------------------------
A16668        0.5        1.08       Fracture zone below bottom
                                     contact of mineralization
---------------------------------------------------------------
A16656        0.5        0.25       Fracture zone below bottom
                                     contact of mineralization
---------------------------------------------------------------



"Once we re-open the Gurvanbulag underground workings, we will make further
rehabilitation and sampling of the 200-metre level a priority to allow
incorporation of more detailed sampling into the next resources estimate," said
Gerald Harper, Senior Vice President of Western. Following the completion of the
DFS and filing of the Environmental Impact Assessment with the Mongolian
Government, further mine development is contingent on additional approvals by
the Mongolian Government.


Qualified Persons: Gerald Harper, Ph.D, P.Geo., Senior Vice-President of
Western, is the qualified person (as defined under NI 43-101) on the project and
has reviewed the technical information presented in this release.


Note Regarding Forward-Looking Statements

This press release and other written or oral communication from the Company may
include certain statements that may be considered "forward-looking statements"
within the meaning of that phrase under Canadian securities laws. Statements
other than historical facts that address possible future events, plans or
developments are forward-looking statements. Such statements may be identified
by the use of words such as "will", ""may", "expects", "estimate", "intend" or
the use of the future or conditional tense. Certain material factors or
assumptions were applied in drawing our conclusions and making those
forward-looking statements. Forward-looking statements reflect management's
current views with respect to possible future events and conditions and, by
their nature, are based on management's beliefs and assumptions and subject to
known and unknown risks and uncertainties, both general and specific to the
Company. Although the Company believes the expectations expressed in such
forward-looking statements are reasonable, such statements are not guarantees of
future performance and actual results or developments may differ materially from
those in our forward-looking statements. Readers are cautioned that risks may
change or new risks may emerge. Additional information regarding the material
factors and assumptions that were applied in making these forward looking
statements as well as the various risks and uncertainties we face are described
in greater detail in the "Risk Factors" section of our annual and interim
Management's Discussion and Analysis of our financial results and other
continuous disclosure documents and financial statements we file with the
Canadian securities regulatory authorities which are available at www.sedar.com
and available on the Company's website at www.westernprospector.com. The Company
undertakes no obligation to update this forward-looking information except as
required by applicable law.
Western Prospector Grp. Com Npv (TSXV:WNP)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Western Prospector Grp. Com Npv Charts.
Western Prospector Grp. Com Npv (TSXV:WNP)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Western Prospector Grp. Com Npv Charts.