Mesa Uranium Drills Significant U3O8 in Arizona

VANCOUVER, BC – Mesa Uranium Corp. reported that new drilling has intersected significant uranium at the 100%-owned Moonshine Springs uranium property in Northwestern Arizona.

This initial drilling was designed to test and confirm previous drilling conducted on the property by Exxon in the 1970’s. The uranium mineralization encountered is in altered sandstones within the Chinle formation that hosts the nearby 2.5 million pound U3O8 Moonshine Springs deposit owned by Dennison Mines.

Drill hole M-1 confirmed a 1979 Exxon intercept (6 feet grading 0.40% U3O8) and drill hole M-2 was drilled 75 feet to the north of M-1 and confirmed the lateral continuity of the uranium mineralization. Step-out holes are planned for this area. A third hole located 1 mile to the east on trend with the Dennison deposit did not reach targeted depths due to mechanical problems and will be re-entered and drilled to depth when drilling operations resume in late Winter or early Spring. Future drilling will test the extent of this zone and explore a number of targets throughout the project.

Mesa currently controls 5 square miles of prospective ground at the Moonshine Springs uranium property. The Moonshine Springs project is located in the Arizona Strip Uranium Mining District. Mesa is pleased to add Moonshine Springs to its portfolio of properties with confirmed strong uranium intercepts.

The company’s address is Suite 305, 675 West Hastings St., Vancouver, BC V6B 1N2, (604) 681-5152, fax: (604) 681-0122.