Post by Franko10 ™ on Sept 11, 2004 13:56:20 GMT -5
International Uranium Corporation: Top Uranium Industry Experts Join IUC Advisory Committee
16:56 EST Thursday, February 05, 2004
VANCOUVER, BRITISH COLUMBIA--International Uranium Corporation (the "Company" or "IUC") is pleased to announce the formation of a uranium advisory committee comprised of leading uranium and mining experts. The committee's mandate is to assist and advise IUC on its various exploration programs underway in the Athabasca Basin and on the acquisition of prospective uranium exploration properties with a focus primarily in Canada, as well as to advise on the development of the Company's existing large uranium resources in Mongolia and the U.S.
Heading the committee is Dr. Klaus Lehnert-Thiel, P.Eng., P.Geo., an exploration geoscientist with over 30 years of progressive operations and management experience on uranium, gold, diamond and base metals projects predominantly in Canada. Considered an expert in the uranium field, Dr. Lehnert-Thiel began his work in the Athabasca Basin of northern Saskatchewan in the late 1960's where he was in charge of large exploration crews conducting integrated exploration programs during the uranium exploration boom in the area following the discovery of the Rabbit Lake mine. In the early 1970's, Dr. Lehnert-Thiel joined Uranerz Exploration and Mining Limited and was part of the Key Lake discovery team (the Key Lake mine produced over 200 million pounds of U3O8 during its mine life). Dr. Lehnert-Thiel was also responsible for the start up of a number of new projects, one of which led to the discovery of the Maurice Bay uranium deposit in 1977. At Uranerz, Dr. Lehnert-Thiel headed the exploration development operations at the Key Lake and Maurice Bay deposits, supervising a technical staff of 60 geologists and other professionals and was subsequently responsible for all exploration activities in Canada. Since 1993, Dr. Lehnert-Thiel has had a successful consulting practice to junior and senior North American mining companies, predominantly uranium and gold exploration in Saskatchewan.
Mr. Ron Netolitzky, B.Sc., M.Sc., another key member of the advisory committee, brings years of successful exploration experience and technical expertise. Mr. Netolitzky is most notable for his role on the team responsible for the discovery of Eskay Creek, one of Canada's highest grade and most profitable gold mines as well as the discovery and development of the Snip gold mine. However, prior to his gold exploration activities, Mr. Netolitzky was involved in the acquisition and exploration of uranium prospects since the mid 1960's. This activity was primarily focused in Saskatchewan and the Thelon-Dubawnt region of the Northwest Territories (now Nunavut). In addition to developing uranium exploration targets for numerous clients, Mr. Netolitzky, through the company he founded, Taiga Consultants, pioneered regional compilation studies of the Athabasca Basin in Saskatchewan and the Thelon Basin in Nunavut for multiple clients.
Mr. Richard Bailes, B.Sc., M.Sc., the third member of the team, has over 30 years experience in the mining industry. Mr. Bailes has a solid background in the evaluation and development of mineral projects and has published a number of papers on economic geology. Mr. Bailes is currently President of Canadian Gold Hunter Corp. Prior to joining Gold Hunter, Mr. Bailes was Exploration Manager at Abermin Corporation and a geologist with Kennco Exploration Ltd. and Amax Exploration Inc.
The President of International Uranium Corporation, Mr. Ron Hochstein, commented: "We are very pleased to have such an expert and well-respected panel as our advisory committee, which will assist IUC in developing its projects and its building of a portfolio of top uranium assets."
IUC is engaged in uranium exploration and production. It holds significant uranium deposits in Mongolia and in the U.S. including a fully permitted 2,000 ton per day uranium mill near Blanding, Utah (one of only two operating uranium mills in the U.S.), as well as uranium exploration properties in the Athabasca Region in Canada. The Company also processes and recycles uranium-bearing waste materials as an environmentally superior alternative to direct disposal.
Statements contained in this news release which are not historical facts are forward-looking statements that involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause such differences, without limiting the generality of the following, include: volatility and sensitivity to market prices for uranium; the impact of the sales volume of uranium; competition; the impact of change in foreign currency exchange rates and interest rates; imprecision in reserve estimates; environmental and safety risks including increased regulatory burdens; unexpected geological or hydrological conditions; political risks arising from operating in certain developing countries; a possible deterioration in political support for nuclear energy; changes in government regulations and policies, including trade laws and policies; demand for nuclear power; replacement of production and failure to obtain necessary permits and approvals from government authorities; weather and other natural phenomena; ability to maintain and further improve positive labour relations; operating performance of the facilities; success of planned development projects; and other development and operating risks. Although IUC believes that the assumptions inherent in the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this report. IUC disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
ON BEHALF OF THE BOARD
Ron F. Hochstein, President
FOR FURTHER INFORMATION PLEASE CONTACT:
International Uranium Corporation
Sophia Shane
Corporate Development
(604) 689-7842
(604) 689-4250 (FAX)
Website: www.intluranium.com
16:56 EST Thursday, February 05, 2004
VANCOUVER, BRITISH COLUMBIA--International Uranium Corporation (the "Company" or "IUC") is pleased to announce the formation of a uranium advisory committee comprised of leading uranium and mining experts. The committee's mandate is to assist and advise IUC on its various exploration programs underway in the Athabasca Basin and on the acquisition of prospective uranium exploration properties with a focus primarily in Canada, as well as to advise on the development of the Company's existing large uranium resources in Mongolia and the U.S.
Heading the committee is Dr. Klaus Lehnert-Thiel, P.Eng., P.Geo., an exploration geoscientist with over 30 years of progressive operations and management experience on uranium, gold, diamond and base metals projects predominantly in Canada. Considered an expert in the uranium field, Dr. Lehnert-Thiel began his work in the Athabasca Basin of northern Saskatchewan in the late 1960's where he was in charge of large exploration crews conducting integrated exploration programs during the uranium exploration boom in the area following the discovery of the Rabbit Lake mine. In the early 1970's, Dr. Lehnert-Thiel joined Uranerz Exploration and Mining Limited and was part of the Key Lake discovery team (the Key Lake mine produced over 200 million pounds of U3O8 during its mine life). Dr. Lehnert-Thiel was also responsible for the start up of a number of new projects, one of which led to the discovery of the Maurice Bay uranium deposit in 1977. At Uranerz, Dr. Lehnert-Thiel headed the exploration development operations at the Key Lake and Maurice Bay deposits, supervising a technical staff of 60 geologists and other professionals and was subsequently responsible for all exploration activities in Canada. Since 1993, Dr. Lehnert-Thiel has had a successful consulting practice to junior and senior North American mining companies, predominantly uranium and gold exploration in Saskatchewan.
Mr. Ron Netolitzky, B.Sc., M.Sc., another key member of the advisory committee, brings years of successful exploration experience and technical expertise. Mr. Netolitzky is most notable for his role on the team responsible for the discovery of Eskay Creek, one of Canada's highest grade and most profitable gold mines as well as the discovery and development of the Snip gold mine. However, prior to his gold exploration activities, Mr. Netolitzky was involved in the acquisition and exploration of uranium prospects since the mid 1960's. This activity was primarily focused in Saskatchewan and the Thelon-Dubawnt region of the Northwest Territories (now Nunavut). In addition to developing uranium exploration targets for numerous clients, Mr. Netolitzky, through the company he founded, Taiga Consultants, pioneered regional compilation studies of the Athabasca Basin in Saskatchewan and the Thelon Basin in Nunavut for multiple clients.
Mr. Richard Bailes, B.Sc., M.Sc., the third member of the team, has over 30 years experience in the mining industry. Mr. Bailes has a solid background in the evaluation and development of mineral projects and has published a number of papers on economic geology. Mr. Bailes is currently President of Canadian Gold Hunter Corp. Prior to joining Gold Hunter, Mr. Bailes was Exploration Manager at Abermin Corporation and a geologist with Kennco Exploration Ltd. and Amax Exploration Inc.
The President of International Uranium Corporation, Mr. Ron Hochstein, commented: "We are very pleased to have such an expert and well-respected panel as our advisory committee, which will assist IUC in developing its projects and its building of a portfolio of top uranium assets."
IUC is engaged in uranium exploration and production. It holds significant uranium deposits in Mongolia and in the U.S. including a fully permitted 2,000 ton per day uranium mill near Blanding, Utah (one of only two operating uranium mills in the U.S.), as well as uranium exploration properties in the Athabasca Region in Canada. The Company also processes and recycles uranium-bearing waste materials as an environmentally superior alternative to direct disposal.
Statements contained in this news release which are not historical facts are forward-looking statements that involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause such differences, without limiting the generality of the following, include: volatility and sensitivity to market prices for uranium; the impact of the sales volume of uranium; competition; the impact of change in foreign currency exchange rates and interest rates; imprecision in reserve estimates; environmental and safety risks including increased regulatory burdens; unexpected geological or hydrological conditions; political risks arising from operating in certain developing countries; a possible deterioration in political support for nuclear energy; changes in government regulations and policies, including trade laws and policies; demand for nuclear power; replacement of production and failure to obtain necessary permits and approvals from government authorities; weather and other natural phenomena; ability to maintain and further improve positive labour relations; operating performance of the facilities; success of planned development projects; and other development and operating risks. Although IUC believes that the assumptions inherent in the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this report. IUC disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
ON BEHALF OF THE BOARD
Ron F. Hochstein, President
FOR FURTHER INFORMATION PLEASE CONTACT:
International Uranium Corporation
Sophia Shane
Corporate Development
(604) 689-7842
(604) 689-4250 (FAX)
Website: www.intluranium.com