News 
Market Data 
Discover
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
|
Followers
|
5
|
Posters
|
|
|
Posts (Today)
|
0
|
Posts (Total)
|
20
|
|
Created
|
02/25/07
|
Type
|
Free
|
| Moderators | |||
About Ultra Uranium
Ultra is a Canadian exploration and development company primarily engaged in the acquisition, exploration and development of uranium properties. Ultra's principal asset is its 100% ownership of Kalnica Selec uranium deposits located in Western Slovakia, the site of extensive historical exploration and development. Ultra also has interests in Gold/Silver exploration assets in Ontario, and recently announced the acquisition of 100% of the Buck Lake platinum, palladium, nickel property located approximately 25 kms from the Lac des Isles platinum/palladium mine near Thunder Bay, Ontario.
Ultra's Common Shares are listed and called for trading on the TSX Venture Exchange with the trading symbol ``ULU'. As of February 12, 2007 Ultra has 21,032,463 shares issued and outstanding. Information on Ultra can be accessed at http://www.ultrauranium.com.
The 43-101 report will be filed on SEDAR and will be available for viewing on http://www.sedar.com. and http://www.ultrauranium.com Ultra's website. Dr. Molak is responsible for the technical disclosure within this news release, the contents of which he has read and approved.
Ultra Uranium Corp.
Per:
--------------
Raymond Roland
President
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. Cautionary Note to U.S. Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
Contact:
First Canadian Capital, Toronto
Jason Monaco
416.742.5600
Fax: 416.742.6410
jmonaco@firstcanadiancapital.com
Bank of Montreal Building
155 Rexdale Blvd. Suite 309
Toronto, Ontario M9W 5Z8
Ultra Uranium Corp., Vancouver
Toll Free: 1.888.880.2288
604.682.7159
Fax: 604.669.5886
IR@ultrauranium.com
www.ultrauranium.com
King George Building
501 - 905 West Pender Street
Vancouver, BC V6C 1L6
http://biz.yahoo.com/pz/070213/113690.html
________________________________________________________________
February 13, 2007 - 4:57 PM EST
Ultra Uranium Receives 43-101 Technical Report On Slovak Uranium Deposits
VANCOUVER, B.C., Feb. 13, 2007 (PRIME NEWSWIRE) -- Ultra Uranium Corp. ("Ultra") (TSX-V:ULU) is pleased to announce its receipt of a National Instrument 43-101 compliant Technical Report on Ultra Uranium's Kalnica-Selec Uranium Project located in Western Slovakia authored by independent geologist Dr. Bohumil (Boris) Molak, PhD., P.Geo (BC), a qualified person under National Instrument 43-101.
The Kalnica-Selec uranium deposits were extensively explored and developed by the former Czechoslovak government's Uranovy Prieskum State Enterprise (UP). The February 43-101 Technical Report summarizes UP's exploration results obtained by Ultra from the UP archives. Exploration and development by UP on this 28.91-square-kilometre property in the 1970s and early 1980s included radiometric surveys, geological mapping, extensive pitting and trenching vertical and horizontal drilling and tunneling.
A total of 339 vertical drill holes were drilled from surface to test the uranium mineralization. Of these, 171 holes were drilled to a maximum depth of 100 metres and 168 diamond drill holes were drilled to a maximum depth of 680 metres. Three adits with numerous crosscuts in all totalling more than 2,900 metres were driven into the Kalnica and Selec mineralized zones. Small diameter horizontal drilling was conducted from the underground workings.
UP conducted test mining of the mineralized lenses from the adits and the mined material was shipped to a processing plant in Mydlovary, in the Czech Republic. In 1984, UP abandoned the Kalnica-Selec deposits due to low uranium prices. The Kalnica-Selec Uranium Property was acquired by Ultra in 2005 through successfully filing a Uranium Exploration application with the Geological Section of the Ministry of Environment of the Slovak Republic.
In 2005 and 2006 Ultra conducted radiometric surveys, geological mapping, structural studies and minor litho-geochemical sampling in the southern and northern portions of the license area, in compliance with Slovak Government exploration requirements. Anomalous radioactivity was detected in areas surrounding the exploration adits, and in the south and south-eastern extremities of the license area. In the Selec zone, an almost one kilometre wide anomalous strip running north-south was detected. The highest values, exceeding up to 23 times the average background values, were obtained from the outcrops adjacent to adit 62. These anomalies indicate outcropping and/or near surface uranium mineralization and some of them represent additional exploration targets to the numerous existing targets.
Geologically, the 2005 and 2006 structural studies confirmed the presence of distinct, superimposed deformation related to the Late Mesozoic, and/or Early Tertiary collisional events. Deformation processes resulted in folding, thrust faulting, shearing and myllonitization, which have a strong impact on the re-distribution of the uranium mineralization.
Historical Exploration
Numerous uranium mineralized bodies were discovered and reported in 1960s to 1980s by UP in two strata-bound units at Kalnica-Selec. Based on historic information the mineralized bodies are as much as 300 metres along strike, up to 6.6 metres wide and up to several hundred metres along dip. A total of 23 uranium mineralized bodies were identified in three separate zones within the two strata bound units, fifteen uranium mineralized bodies at Kalnica, seven uranium mineralized bodies at Selec and one large uranium mineralized body at Krajna Dolina.
Historic Resource Estimates
The historic resource estimates were calculated by UP using 0.015%, 0.03% and 0.05% uranium cut-off grades for the Kalnica and Selec zones and a 0.015% uranium cut-off grade for the Krajna Dolina zone. Estimates for the Kalnica and Selec zones were based on blocks delineated by deep and shallow drill holes that were drilled from surface, by the exploration adits and cross-cuts and by short, narrow diameter, horizontal underground drill holes to a maximum of 100 metres drilled from within the adits. The resource estimate for the Krajna Dolina zone was based on four positive drill holes in a grid 400 by 400 meters. A summary of the resource estimate based on a 0.015% uranium cut off and converted to pounds (lbs) is shown in the table below.
Cut-off Thick-
Zone Grade ness Volume Tonnage Grade U U U3O8
(%U) (m) (m3) (t) (%U) (t) (lbs) (lbs)
---------------------------------------------------------------------
Kalnica
0.015 4.6 204,801 548,866 0.043 236.0 520,144 613,377
Selec
0.015 3.5 289,619 776,179 0.035 271.2 597,725 704,864
Krajna
Dolina
0.015 3.1 982,000 2,632,000 0.061 1,605 3,537,420 4,171,486
---------------------------------------------------------------------
Total
0.015 *3.4 1,476,420 3,957,045 *0.053 2112.2 4,655,289 5,489,727
* weighted average
The resource estimate cited predates and therefore does not conform to the more stringent reporting requirements of National Instrument 43-101 and should not be relied upon according to those standards. Ultra is not treating the historical estimate as a current mineral reserve or resource. While the drill and assay data used in the original estimate have not been subsequently verified, Ultra believes that the historic resource estimate provides a favourable indication of the potential of the deposit and is relevant to this news release.
These historic uranium estimates at Kalnica and Selec were limited to areas within and adjacent to the adits and significant areas with uranium mineralization were not included in the calculations because UP decided to abandon the area in 1984 before such estimates could be made.
Thus, in the Kalnica zone, only five mineralized bodies occurring within the first 200 metres of the adits 60 and 61 were included in the historic resource calculation while another ten mineralized bodies situated to the north-east of the calculated block were not included in the estimate, although they were all well defined by many intersections in the adits, cross cuts and by surface and underground drillings.
Furthermore, at Kalnica, Selec and Krajna Dolina zones, many drill holes with significant mineralization situated outside the calculated blocks were not used in the historic resource calculations even though exploration works and geological interpretations indicated structural and grade continuity between these holes and the mineralization inside the calculated blocks.
At a cut-off grade of 0.015% the total historical resource for the three zones is 4,655,289 lbs U or 5,489,727 lbs of U308, respectively. The categories of historical resources are comparable to the inferred resources in the CIM classification and must be confirmed by further drilling and a follow-up, 43-101 compliant, resource estimate.
Recognizing that the historical resource estimate of 5,489,727 lbs of U308 was calculated from only a portion of the existing historical positive exploration results, the Kalnica-Selec project represents an excellent exploration target with a potential not only to confirm the historical uranium resources, but also to find additional uranium resources in the extensions of the historic estimate blocks.
Ultra Uranium's geologists are planning an initial drill program of approximately 4,000 meters consisting of confirmation, fill-in and limited step-out drilling within and outside of the historic grid. The drill program's objective is to confirm historic results and provide new data for a 43-101 compliant uranium resource estimate that, if successful, would add to the historical resource calculations from both existing exploration results that were not included in the prior calculations and extension of mineralized areas.
Ultra Uranium has completed its $3,600,000 financing through issuing 3,000,000 units at $1.20 and is well financed for exploration. Ultra plans to conduct its drill program as soon as possible. The drill program will have the benefit of local drilling contractors, logistical support and excellent infrastructure.
Ultra Uranium has also filed an application for an additional license area immediately south and west of the Kalnica-Selec property. Several historic drill holes in the area south of the license intersected significant uranium mineralization indicating that the mineralization continues in a southerly direction.
All factors cited above lead the company to believe there is considerable potential to significantly expand the historic resource estimates and the company is looking forward to continuing exploration on the property.
The Kalnica-Selec uranium property is 100% owned by Ultra Uranium, subject to a 2% Royalty.
About Ultra Uranium
Ultra is a Canadian exploration and development company primarily engaged in the acquisition, exploration and development of uranium properties. Ultra's principal asset is its 100% ownership of Kalnica Selec uranium deposits located in Western Slovakia, the site of extensive historical exploration and development. Ultra also has interests in Gold/Silver exploration assets in Ontario, and recently announced the acquisition of 100% of the Buck Lake platinum, palladium, nickel property located approximately 25 kms from the Lac des Isles platinum/palladium mine near Thunder Bay, Ontario.
________________________________________________________________
April 16, 2007 - 9:58 AM EDT
Ultra Uranium Corp. to Acquire Interest in Orbit and Crackingstone Uranium Projects, Uranium City, Saskatchewan
VANCOUVER, B.C., April 16, 2007 (PRIME NEWSWIRE) -- Ultra Uranium Corp. ("Ultra") (Other OTC:ULUCF) (TSX-V:ULU) is pleased to announce that it has entered into an option agreement to acquire a 65% interest in the Orbit Uranium Project located 10 km west of Uranium City, Saskatchewan. Upon earning a 65% interest in the Orbit Uranium Project, Ultra will then have the right to acquire a 65% interest in the Crackingstone Uranium Project.
To earn a 65% interest in the Orbit Uranium Project, Ultra will pay a total of $150,000 cash, issue 175,000 common shares and complete $2 million in exploration expenditures over three years. Exploration expenditures of a minimum $300,000 are to occur in the first year. Upon Ultra earning a 65% interest in the Orbit Uranium Property, a joint venture agreement will be formed between Ultra and the Vendors with the parties contributing to exploration and development in their respective interests. Ultra will be the operator and has a right of first refusal on the Vendors' remaining 35%.
Upon Ultra earning a 65% interest in the Orbit Uranium Project, it will have the right to acquire a 65% interest in the Vendors' Crackingstone Uranium Project adjacent to the Orbit Uranium Project. To acquire that interest Ultra will either incur three times the amount of exploration and development expenditures incurred by the Vendors on the Crackingstone Uranium Project within four years or incur a combination of exploration and development expenses and payments in shares and/or cash (at Ultra's option) to the Vendors for an equivalent amount.
Ultra's right to earn into the Crackingstone Uranium Project is exercisable for a period of one year after the latest date for Ultra to earn its interest in the Orbit Uranium Project.
ORBIT URANIUM PROJECT
The Orbit Uranium Project totals 11,000 ha adjacent to the 750 ha Crackingstone Uranium Project currently being developed by the vendors, International Montoro Resources Inc. (TSX-V:IMT), ("Montoro") and Belmont Resources Inc. (TSX-V:BEA), ("Belmont"). The Orbit Uranium Project was staked after completion of a NI 43-101 report on the Crackingstone Uranium Project and was subject to a combined airborne and magnetic survey completed by the Geological Survey of Canada (GSC) and Saskatchewan Energy and Mines (SGS).
Beck (1969) documents 12 uranium showings located on the Orbit Uranium Project. Two are from underground development, three with high grade potential and seven other occurrences. Five of the occurrences have reported drilling down to a depth of approx. 250 feet. Two inclined shafts were sunk down to a depth of approx. 50 feet. The uranium assay values as reported in the SGS compilation files, on the web site, from all the showings, ranges from 0.1% to 3.43% U308. More specific details are as follows:
(i) A zone was tested by 10 diamond drill holes. An inclined shaft
was sunk down to the 50 foot level and was drifted for 147 feet
along vein. A mineralized shoot graded 0.42% across 1.75 feet
for 50 feet on strike.
(ii) Zone strikes for 300 feet were identified. Nine channel samples
across 26 feet for 300 feet length averaged 0.336% uranium.
(iii) Mineralization was traced for 200 feet. Beck reports that high
assays were obtained across narrow widths. Trenching and 5
diamond drill holes tested a 75 foot length of the system with
assays up to 0.24% uranium.
The Orbit Uranium Project also features several radiometric anomaly trends that have received no previous exploration for uranium.
During the 1940-1960's period, four uranium mines were producing uranium within 10 to 20 kilometers of the eastern boundary of the Orbit Uranium Project.
Since the completion of the staking of the Orbit Uranium Project by Belmont and Montoro, there has been a significant increase in exploration activity in the northwest area of the Athabasca Basin with announcements by JNR Resources Inc. ("JNN") completing an airborne electromagnetic and magnetic geophysical survey on their 10,655 ha Crackingstone project, and similar programs by CanAlaska Uranium Ltd. ("CVV") adjacent to the south boundary of Orbit, and Cameco Corp. ("CCO"), the world's largest uranium producer, holding a block of claims immediately to the west of the Orbit claim block.
The historical results reported in this news release on the Orbit Uranium Project are considered relevant but do not comply with NI 43-101 standards and should not be relied upon as the Company has not yet completed exploration work to verify the data.
CRACKINGSTONE URANIUM PROJECT
Earlier this year, Montoro and Belmont announced the completion of a first phase exploration program on the Crackingstone Uranium Project consisting of 87 km of line cutting, the establishment of grid lines and the initiation of a geophysical survey along the lines, as well as 4 km of boundary surveying. The geophysical survey included 87 km of Mag/VLF-EM. This geophysical survey is the first time that a modern geophysical approach has been carried out on the property. Both ground and airborne geophysical surveys have been used extensively in the search for structural features which control uranium mineralization. Interpretation of the survey results is expected shortly.
Historical uranium exploration on the Crackingstone Uranium Project through trenching, surface channeling and grab sampling, with numerous shallow drill holes from a depth of 9 meters to 122 meters resulted in obtaining uranium values from grab samples up to 12.53% U3O8, drill core intersection of up to 15.6% U3O8, (# 7 Adit) and two bulk samples (46 ton and 6.5 ton) assaying 0.5% uranium. A sample (#336915), taken from the # 7 Adit during the 2006 property visit assayed 6.54% Uranium. A NI 43-101 compliant technical report on the Crackingstone Uranium Project is available for viewing on Montoro's website at www.MontoroResources.com or alternatively on SEDAR.
The historical results reported in this news release on the Crackingstone Uranium Project are considered relevant but do not comply with NI 43-101 standards and should not be relied upon as the Company has not yet completed exploration work to verify the data.
This news release was reviewed and approved for technical disclosure by Raymond A. Bernatchez, P.Eng, Consulting Geologist of Atikokan, Ontario, an independent qualified person.
The option agreement is subject to acceptance for filing by the TSX Venture Exchange.
ULTRA URANIUM CORP.
Per: "Raymond W. Roland"
Raymond W. Roland
President
________________________________________________________________
April 26, 2007 - 8:00 AM EDT
Ultra Uranium Corp.'s Advanced Stage Uranium Acquisition Program Acquired
VANCOUVER, British Columbia, April 26, 2007 (PRIME NEWSWIRE) -- Ultra Uranium Corp. ("Ultra") (TSX-V:ULU) is pleased to announce it has agreed to acquire Xyquest Mining Corp.'s uranium property acquisition program for two European nations.
Xyquest has been developing uranium based corporate opportunities in Europe for more than three years identifying existing uranium properties that have been extensively explored and developed. Property areas include former producing mines with reported existing historical uranium. All of the properties have near term uranium production potential.
Ultra and Xyquest will immediately file for exploration and development rights for seven separate property areas.
The seven application areas have been targeted based on historical reports and information that suggest that in excess of 22 million lbs of uranium remain on the properties with potential to host additional uranium resources. Some of the property areas are past uranium producers. There is no assurance any of the applications will result in the granting of rights to explore or mine a property. None of the historical information complies with NI 43-101 standards and should not be relied upon.
"The opportunity to immediately use Xyquest's position to acquire interests in additional advanced stage uranium properties in Europe to compliment its Kalnica-Selec Uranium Property in Slovakia is an excellent corporate opportunity for Ultra Uranium Corp., and confirms its commitment to aggressively add additional uranium interests to its assets" said Ultra's President, Raymond Roland.
Ultra will immediately fund the applications and operations utilizing Xyquest's technical assistance and European based professionals.
If uranium exploration and development rights are granted, Ultra may issue varying amounts of shares up to two million common shares for each of the property areas for a 100% interest. A maximum of five million, six hundred thousand common shares will be issued for the identified properties. Ultra has the right to issue a lesser number of shares for a smaller interest in any particular property. Ultra will make a one time payment of $283,000 to Xyquest Mining Corp. on TSX acceptance for filing of the Agreement. Xyquest retains marketing rights to the uranium on standard industry terms and a graduating royalty based on grade and achieved uranium sale price.
Xyquest is owned by Mr. Anthony Beruschi, LLB., B.Sc. Mr. Beruschi was instrumental in Ultra's acquisition of the Kalnica-Selec Uranium Property in Slovakia where Ultra recently announced historical resources estimates of 5.5 million lbs of U3O8 which was calculated using data from only 84 of the 339 drill holes by the State run exploration enterprise and three exploration adits and cross cuts.
The Agreement is subject to acceptance for filing by the TSX Venture Exchange.
This news release was reviewed and approved for technical disclosure by Stephen Kenwood, P.Geo., an independent Qualified Person.
ABOUT ULTRA URANIUM CORP.
Ultra owns a 100% interest in the Kalnica-Selec Uranium Property in Slovakia and is actively pursuing the acquisition of further uranium properties throughout the world.
ULTRA URANIUM CORP.
Per: "Raymond W. Roland"
Raymond W. Roland
President
________________________________________________________________
O/S 21,032,463 as 02-12-2007
