Owner
Post by Franko10 ™ on Oct 20, 2005 11:16:16 GMT -5
Magnum Stakes Nancy Creek Uranium Property in Northeastern Washington
12:10 EDT Thursday, October 20, 2005
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 20, 2005) - Magnum Uranium Corp. ("Magnum") (NEX BOARD:MM.H) is pleased to announce that its wholly owned subsidiary, Magnum Minerals USA Corp., has recently completed the staking of 20 lode mining claims in the historic Nancy Creek Uranium District ("Nancy Creek"), Ferry County, Washington. Nancy Creek is host to a number of quartz-feldspar-apatite segregation uranium occurrences that lie on the eastern flank of the Kettle Dome, approximately 5 miles northwest of Kettle Falls, Washington.
Nancy Creek uranium occurrences and prospects exist within a phosphate-rich horizon stratigraphically beneath a major amphibolite unit. Results of preliminary work by Magnum geologists indicate that the contact between these two rock units may, in part, be a structural zone and possible unconformity where uranium mineralization was concentrated. The Nancy Creek occurrences are immediately north of and on trend with uranium mineralization found at Magnum's recently staked Bond Uranium Prospect, also in the phosphate-rich horizon.
Surface samples taken by Magnum geologists from prospects and dumps scattered along the district's two-mile-long northerly trend of mineralization assay in the range of 0.10% to 0.95% U3O8. Detailed geological mapping, geochemical sampling, and ground radiometric surveying is planned to further delineate the extent of mineralization and evaluate the district's overall size potential.
The Company
Magnum is a Vancouver-based minerals exploration company focused on the acquisition and development of uranium assets. Currently, the Company's primary exploration assets are located in the Western United States, with properties in Idaho, Utah, and Washington.
ON BEHALF OF THE BOARD
Craig T. Lindsay, President & CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
Magnum Uranium Corp.
Craig T. Lindsay
President & CEO
(604) 683-2507
(604) 683-2506 (FAX)
info@magnumuranium.com
www.magnumuranium.com
The TSX Venture Exchange has neither approved or dissaproved of the contents herein.
12:10 EDT Thursday, October 20, 2005
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 20, 2005) - Magnum Uranium Corp. ("Magnum") (NEX BOARD:MM.H) is pleased to announce that its wholly owned subsidiary, Magnum Minerals USA Corp., has recently completed the staking of 20 lode mining claims in the historic Nancy Creek Uranium District ("Nancy Creek"), Ferry County, Washington. Nancy Creek is host to a number of quartz-feldspar-apatite segregation uranium occurrences that lie on the eastern flank of the Kettle Dome, approximately 5 miles northwest of Kettle Falls, Washington.
Nancy Creek uranium occurrences and prospects exist within a phosphate-rich horizon stratigraphically beneath a major amphibolite unit. Results of preliminary work by Magnum geologists indicate that the contact between these two rock units may, in part, be a structural zone and possible unconformity where uranium mineralization was concentrated. The Nancy Creek occurrences are immediately north of and on trend with uranium mineralization found at Magnum's recently staked Bond Uranium Prospect, also in the phosphate-rich horizon.
Surface samples taken by Magnum geologists from prospects and dumps scattered along the district's two-mile-long northerly trend of mineralization assay in the range of 0.10% to 0.95% U3O8. Detailed geological mapping, geochemical sampling, and ground radiometric surveying is planned to further delineate the extent of mineralization and evaluate the district's overall size potential.
The Company
Magnum is a Vancouver-based minerals exploration company focused on the acquisition and development of uranium assets. Currently, the Company's primary exploration assets are located in the Western United States, with properties in Idaho, Utah, and Washington.
ON BEHALF OF THE BOARD
Craig T. Lindsay, President & CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
Magnum Uranium Corp.
Craig T. Lindsay
President & CEO
(604) 683-2507
(604) 683-2506 (FAX)
info@magnumuranium.com
www.magnumuranium.com
The TSX Venture Exchange has neither approved or dissaproved of the contents herein.
