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Press Release Source: Northwestern Mineral Ventures Inc.
Northwestern commences airborne survey of uranium property in Niger
Tuesday May 2, 9:00 am ET
TORONTO, May 2 /PRNewswire-FirstCall/ - Northwestern Mineral Ventures Inc. (TSX-V: NWT - News; OTCBB: NWTMF - News) announced today the commencement of a comprehensive fixed-wing airborne geophysical survey over one of its two highly prospective uranium concessions in the west African country of Niger.
"Management is committed to advancing our Niger properties as quickly as possible, and we are pleased to be moving aggressively forward with our exploration program," said Kabir Ahmed, Chairman and CEO of Northwestern. "Through the use of advanced surveying techniques not previously applied to these properties, Northwestern can focus its efforts on the most highly prospective targets within its approximately one million acres of total land area in Niger."
The airborne survey, which is being conducted by Fugro Airborne Surveys of South Africa, is being flown over the In Gall concession at a line spacing of 200 meters, for a total of 11,219 line kilometers, at an aircraft elevation of 80 meters. The survey will acquire both radiometric and magnetometric data. Radiometric information is used to indicate the presence of potential uranium- bearing mineralization, and the magnetic component will help define underlying structures that may be associated with uranium.
Northwestern's Irhazer concession, which is adjacent to the In Gall property, is also expected to be the subject of an airborne electromagnetic survey in the coming months.
The processed data from the airborne surveys will be utilized in combination with the exploration work previously conducted on the properties in the 1970s. Through the compilation and analysis of the historical and new data, Northwestern expects to delineate high-priority areas for uranium drill testing.
Following the completion of the airborne survey, Northwestern intends to initiate a ground geophysics program, which is expected to include an Induced Polarization (IP) survey and soil sampling.
In Gall and Irhazer cover 988,000 acres (4,000 square kilometers) of highly prospective land within the same stratigraphy as two operating uranium mines that together provide almost 10% of worldwide production. Niger currently ranks as one of the world's top producers of uranium.
ABOUT NORTHWESTERN:
Northwestern Mineral Ventures (www.northwestmineral.com) is an international natural resource exploration company with an experienced management team. The company is focused on properties in Niger, Canada and the United States with potential uranium targets. Northwestern also has a precious and base metal property in Mexico. Northwestern is listed on the NASD Bulletin Board under the symbol "NWTMF" and the TSX Venture Exchange under the symbol "NWT."
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release.
This news release includes certain "forward looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital.
Source: Northwestern Mineral Ventures Inc.
oasdihf or anyone....TIA
I`ve D&D this play, Magnum Uranium Corp., "MM.V" & "OTC:MMURF.PK" and am accumulating as I like the low share price, the outstanding shares and low float. The company has multiple acreage properties with 100% ownership in the right areas and some excellent potential.
Can anyone tell me, that has a subscription or herd if The Dines Letter has recommended past or present this company? The play is relatively unknown in the uranium exploration sector and has enough capital for funding all projects and drilling prospects this year.
Any and all insight into this play is welcome.
Researched this company over the weekend and like it`s prospects. Nice float and low outstanding for this small company. If they`ve got what they think here and can get financed and partnering near term, it could be a wild ride form this current low share price.
BB,
Thanks and remember, "You only have to do a very few things right in your life so long as you don't do too many things wrong."
Will catch up in a few weeks and am looking forward to some positive effects shortly....
Regards Stockguard
My last post for awhile as i`m going out of country and not tacking my LT. If your a true long or a smart trader, I suggest putting Meridian on ignor as your assets are at play.
There should be some news this week from CVX that may put us above the mark. I realistially suspect some PR also form ERHC as they`ve something to unvail to shareholders.
Be smart, accumulate and enjoy this play.
Regards Stockguard
Meridian,
You really need to chill on this message forum. You`ve provided a vauable service but you`re getting extremely long in the tooth.
My sources believes ERCH shareholdres can expect some good news shortly and any REAL valuation is pointless. There`s some BIG O&G here and valations for future purposes and i`m suspecting in all blocks are irrelivent currently.
Try staying the line as your paw print is evident.
Regards, Stockguard
I`ll give Meridian this, the figures are correct with respect to ERHE, but there is yet the unknown that will come near term and should finally push the buck...........Have faith.....
Regards, Stockguard
Nothings been lost and much has been gained. BM needs to get another source.
If you`ve got it, now`s the time again to accumulate, unless your a trader, then do what you do.....
Regards, Stockguard
PS.... CVX is going to hold up the logs, i`m sure all here know why. They will not hold back to long from their shareholder base, they`er getting inundated with calls lately.
Let the games again begin. You would think by now they had learned!
Red,
I can conclude the speculation is out of the factor here and trust my sources. We`ve some big oil underneath our block 2 and may and probably does extend further throughout..
Regards, Stockgaurd
CVX has all stats of well logs interpretation in review that were concluded Thursday. This means, BOOM, if your a trader good luck!
Regards, Stockguard
O.T Is there a message board within I-Hub for UEXCF/UEX?
Thanks
S&P adds eight companies to TSX Composite Index
2006-03-17 19:03 ET - Miscellaneous
See Miscellaneous (C-PBG) Petrobank Energy & Resources Ltd
Standard & Poor's Canadian Index Operations has made the following index changes as a result of the quarterly S&P/TSX Composite Index review. These changes will be effective after the close of business on Friday, March 17, 2006:
S&P/TSX Composite Index
ADDS
60/MidCap/
Issue SmallCap Sector
Alamos Gold Inc. SmallCap Gold
Cardiome
Pharma Corp. SmallCap Health
Connacher Oil &
Gas Ltd. SmallCap Energy
EuroZinc
Mining Corp. SmallCap Metals
ING Canada Inc. SmallCap Financials
Petrobank Energy &
Resources Ltd. SmallCap Energy
Silver
Wheaton Corp. SmallCap Materials
UEX Corp. SmallCap None
alwright,
You make my point clearly and I had thought you were better than the reply to me! MHA for the mispell, but it changes nothing in my post.
Regards, Stockguard
Nightdaytrader,
Many seek a leader and the sheep will always flock in a heard, those individuals that think outside the heard come out winners most often.
Regards, Stockguard
Balance,
Stockguard....would this be the same type deal you referenced long ago? LP or MLP? Thanks....
That`s no longer a factor going forward now that PXD is out of the picture. Lets just hope that something is signed on the 14th., yet i`ve pause and reservations that it will be for certian! Just gut......IMO
Regards, Stockguard
A commodities trader friend of mine shared this with me.
Dear XXXXX,
This morning on CNBC I was asked about my outlook regarding the commodity markets. It seems that since Gold had a down week and commodities have pulled back from their highs, the question of whether we have hit the top of this commodity move is coming about more often. In truth, one needs only to look at history to find the answer. There has never been a time in history where commodity bull markets have lasted less than 15 years. When commodity markets start, they typically last awhile. At this rate, we have another 10 years to go.
I also believe that we are living in unprecedented times. If the average investor would stop and think about what is going on around them, they would likely come to the same conclusion. One third of the worlds population is industrializing. And not only are they industrializing, but they are industrializing at a record pace. With industrialization, comes the need for raw materials and commodities. With industrialization comes the creation of an educated and wealthier working class. With the creation of a wealthier class, comes more discretionary income that will be spent on consumer products and food. This, however, will not happen overnight. But it will happen. You can either jump on the commodity bull market now, or regret that you did not participate in potentially the greatest bull market in history.
I will talk specifically about a strategy that we can utilize to participate togeather in this commodity bull market. If you are ever undecided about this commodity bull market, give me a call. I would love to discuss this with you in depth.
Best Regards,
Emanuel Balarie
Senior Market Strategist
BB & others, i`d take this Meridian with a large block of salt! Watch where this poster is blowing smoke, babies all over the place!
Hearing logs will be reported this month, not next month and they`er solid. Still expecting drillship movement to next target soon.
Remember all, nothings a done deal till the inks dry and it better be dry on the 14th......
Buy if you can, trade if you think you`ve an edge....
Regards, Stockguard
Spec29,
I`ve really nothing new to add yet.
I hope the new signing date holds......
Regards, Stockguard
O.T.
Fishdog,
BTW...There`s no omnipotence on my part as i`m a team player for the long/short term holders as a whole.
Respectufully, Stockguard
Walter Brandhuber,
Oh, Why?
In a bid to open dialog for ERHC and our resources for the best negotiations possible in ERHC`s favor, garnered from reliable source this evening BTW....
Also...FWIW, Addax Petroleum, from my latest intel was also negotiated by Mr. Brandhube, CVX is his latest parlay to trump our holdings.
That`s why the doors are open currently for options yet to be presented or on the table present and related to my first post this evening......
Goodmorning?
Regardless your right,
Night, Stockguard
Not! Don`t fool yourself, they`er complete opposites in this venture, no argument,
Regards, Stockguard
Feeling minimal delay on block awards within ERHE`s rights after current assignment, to be announced.
B-1,
Public log readings, mid week next likely. Wellhead has been capped. Drillship likely changing focus shortly after final log readings with next drill parameters as early as late next week in the news. They`ve a sizeable area to spec out, possible news on next move before months end.
ERHC may get the Asian flu, don`t be surprised if so, as the better offer yet sits out there!
Regards, Stackguard
seen-the-light,
As with many investments, it comes down to personal choice, hopefully without emotions. You`re posting your emotions. Your questions, those which are contour trend to current fundamentals, so your responses are cryptic and unresolved.
I`m betting you`ll get a post full, if emotions don`t enter the equation, that will answer your query.
Sorry i`ve not the time tonight as i`m off to do some pertinent business matters.
Be straight with you Q`s and some of knowledgeable will answer respectfully. Now`s not the time to play inorant if you`ve not done some hard D&D, that`s the nature of the BB`s....
Good luck in this play venture either way you choose.
Regards Stockguard
If you really need to question, best not to invest until you`ve got confirmation and the stocks in play. If you`ve got some reasonable feeling the play could be real, invest your minimum requisite per play or you`ll loose out on many of the major runs.
Still you`ll make money trading as the stock meets some prominence and the institutionals hop on board, yet you`ve missed the big play likely.
Question what?, question always!
Regards, Stockguard
Red,
Stick with this one from the gut, not as a trader. Don`t be suprised what will start to unfold in early March, your gains will thank you.
Regards, Stockguard
You know that answer or should without an answer, he`s our benefactor.
Stockguard
Doug,
The play is on and it`s real and big as you have alluded too.
Don`t be diluted by infractions not relevant. That goes to all that read this BB.
This probably will be big in the overall perspective of the O&G industry. No theories, just oil being about where ERHE has their rights, guaranteed by treaty, ie: 2nd round! ie: To undertake to answer for the debt, default, or miscarriage so as to engage for the existence of permanence and to give security and assert confidently.
PS: To bad we have to play in the OPEC scheme of things, best we leave their influence ASP............
Regards, Stockguard
freze7,
My posts are far from meant to insult or offend anyone either and none taken from you. I only hope to add to others due diligence overall.
Management changes add to our growing concern as overall requirements needed are being imposed by some impressive people as our principles are continuing to find.
1 Year is short term and any TA is worthless here. What exists are the fundamentals, as it has been all along with ERHC.
Those fundamentals now are very positive and believe me by March they could easily prove themselves out. ....
TA will be a determinate years down the road as a useful tool along with all other variables you may use to review a prospective play.
This was still speculative back in Jan. 2006, my honest opinion, that this is now a true play.
We play them as we see them and a little knowledge doesn`t hurt. Take all emotion out of your stock play and that makes a great investor.
Hold em and read between my lines.
This is my last post to the board.
Regards , Stockguard
No, it was unknown, i`m positive. I only found out about the possibilities and likelihood before Morgan through some industry sources very close to opps., it was not general knowledge outside of platform crew.
Brandhuber was brought on for the bigger plays to come which ERHC is about to encounter.
Regards, Stockguard
I`ll update my last post to you and leave it at that. Your young or fairly young to investing........Good luck.
freze7,
Rumors are more fact than fact, reality! Because they are passed down by those in the know but slightly altered as the word is passed along. RE: Read between the lines!
Esentually traders loose 20 to 1 and only make their big money on one trade, that`s a proven fact. RE: Test it yourself or read, "Traders Alminac," or " True Confessionons Of A Floor Trader," for starters.
Let them trade and beat their chest on their proficiency, but I can assure you those that bought, held and accumulated and still accumulate will be the next ones to buy their dream desires, that`s MORE fact not rumor nor fiction.
Yes, there are exceptions, but they are the few that never made since in the first place. Dot coms come to mind in their frenzy and damn they were great traders. You`ll not see those days again anytime soon..................
Regards, Stockguard
freze7,
Rumors are more fact than fact, reality! Because ther`er passed down by those in the know but slightly altered as the word is passed along. RE: Read between the lines!
Esentually traders loose 20 to 1 and only make their big money on one trade, that`s a proven fact. RE: Test it yourself or read "Traders Alminac," or " True Confessionons Of A Floor Trader."
Let them trade and beat their chest on their proficiency, but I can assure you those that bought, held and accumulated and still accumulate will be the next ones to buy their dreams desires, that`s MORE Fact, not rumor.
Regards, Stockguard
nwtf,
They dinn`t think much of Nigirian politics or the security risk along with the pressure being placed by some major O&G companies and their influences. The MOU left the door open to all O & G palyers. They were not going to play with their limited funds, which could presently be deployed elsewhere.
This will play out with a lot more twist and turns than a soap opera. ERHE has all the binding ACE cards in hand and at their disposal.
Regards, Stockguard.
Balance Builder,
Stockguard....."Management thinks their offers aren`t even close."
In your opinion, is said gap between our management and interested parties so great the gap won't be closed? Or, is this only the beginning and it always starts out with a huge gap in willingness to shell out and willingness to accept?
Seems with each step forward (i.e. PSC's being signed) the price for entry or takeout goes up.
Is your co's chances washed out to sea with the introduction of big boys?
BB,
I get a strong sense ERHE wants to be a major player as an O&G company. That`s my gut and view. The word steadfast with management comes to mind. I believe the spread will continue to change with ERHE to benefit.
Yes it`s looking as though we`er out as we can not compete with our funds. The story will be told, I hope, as the dust settles.
Regards, Stockguard
Spec29,
I`m not a numbers person. The O&G field at this point to me is a lot of guesstimates and their all over the place. Some are way out there, with a lot of fluff maybe, others reasonable. What really matters today is future value, that`s what`s being brought to the table now. Too many variables change daily, so it`s belly up now or maybe pay dearly later.
Remember, O&G was in a Bear market just a short while ago. Factoring in past Bull runs in the sector leaves plenty of upside, minus the usual speculation.
Regards, Stockguard
Noise being tossed around about corporate combinations is in the wind. Other players show interest, but the best offers are yet to be played out. As I posted before, watch Brandhuber, President and CEO, his actions are the tell. Not being cryptic, just stating what i`m hearing going on behind the scenes.
Ladys and gentlemen, we`ll be seeing aggressive bidding for ERHE`s favor moreso than in the past. The icing on the cake at this point and time, "Management thinks their offers aren`t even close."
If you fold em, don`t look back and if you trade em, good luck..............
Mark,
Sorry i can`t reply privately, i`m once again being monitored,
Yes i work for a big oil company. I may loss my position, but i`ll will be well compensated with my position in this stock otherwise.
Regards, stockguard
My company states its a big hit. No determinations of volume yet, but significant to continue with opps.....
Engoy MG,
Regards, Happy profits to all longs you deserve it.
Stockguard
I can conclude at this time............ SIGNIFICANTE OIL HAS BEEN DISCOVERY in block 1.
Regards, stockguard
You`ll see shortly, that`s the best I can state till it`s a done deal, sorry!