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NWT Updates Shareholders on Niger Uranium 2008 Exploration Program
TORONTO, Jan. 10 /CNW/ - NWT Uranium Corp. (TSX-V: NWT; OTCBB: NWURF) is pleased to update its sh...
About this update from Captor Capital Corp
[{"type":"text","content":"\n\n\n\nTORONTO, Jan. 10 /CNW/ - NWT Uranium Corp. (TSX-V: NWT; OTCBB: NWURF) is\npleased to update its shareholders regarding the activities of Niger Uranium\nCorp., of which NWT is the largest shareholder.\n\n\nNiger Uranium's 2007-2008 field program at Irhazer and In Gall commenced\nin November, according to a quarterly filing issued in late December by the\ncompany. Work will be completed in stages, with the first phase scheduled to\ninclude 8,200 feet (2,500 meters) of diamond drilling to test prospective\ntargets located along structures that host existing uranium mines. The second\nphase is designed to follow-up on earlier results and is scheduled to include\nup to 24,600 feet (7,500 meters) of additional drilling.\n\n\nConcurrent with the drill program, Niger Uranium plans to trench and\nsample several targets to test for mineralization, geology and structure. In\naddition, grids indicating historical drill sites will be re-established and,\nwhere possible, will be tested by down-hole radiometrics.\n\n\n"NWT is pleased with the aggressive program underway in Niger," said\nMarek J. Kreczmer, President and CEO of NWT Uranium. "As Niger Uranium's\nlargest shareholder, we look forward to the further advancement of our\ninvestment."\n\n\nNWT contributed the Irhazer and In Gall properties to the Niger Uranium\njoint venture. The two properties have returned uranium values ranging from\n0.22% U(3)O(8) to 1.0% U(3)O(8) from five surface rock samples collected from\noutcrops, as reported in a press release on May 29, 2007, available on SEDAR\nat www.sedar.com. These samples were submitted for re-analysis after they\nexceeded the detection limits of uranium tests routinely used to analyze\nsamples from Niger. Producing mines and deposits in Niger typically grade from\n0.1% to 0.42% U(3)O(8), with the highest grades being mined at greater depths.\n\n\nABOUT NWT URANIUM:\n\n\nNWT Uranium Corp. (www.nwturanium.com) is an international resource\nexploration company with an experienced, highly technical management team.\nSince its inception, NWT has concentrated on the acquisition of properties\nwith potential uranium targets. NWT Uranium is listed on the NASD Bulletin\nBoard under the symbol "NWURF" and the TSX Venture Exchange under the symbol\n"NWT."\n\n\nThe TSX Venture Exchange has not revie...