Monday, April 28, 2008 9:33:58 AM
Utah Uranium Corp. Acquires Alberta Potash Property
MOAB, UT, Apr 28, 2008 (MARKET WIRE via COMTEX) -- Utah Uranium Corp. (the "Company") (UTUC:UTUC is pleased to announce the acquisition of the Ernestina Lake Potash property, located in the Province of Alberta, Canada. In total, the Company has acquired 192,000 contiguous hectares (474,400 acres) of potash claims, located in east-central Alberta, adjoining the Saskatchewan provincial border.
According to an overview of work conducted by Royal American Petroleums Ltd. in 1966 filed with the Alberta Geological Survey in Mineral Assessment Report (19660009): "The geological strata and basinal effects in the Vermilion area are closely related to the potash-rich areas of Esterhazy, Saskatoon and Unity."
A detailed study of this portion of Alberta showed the presence of a substantial quantity of carnallite and possible sylvite in the Vermillion area in the East Central Plains of Alberta. Literature made available from the Alberta Conservation Board, corroborates this potash occurrence in Alberta.
The potash minerals are found in the Prairie Evaporite section of the Middle Devonian Elk Point Basin. The carnallite and the pinkish potash mineral lie on top of a thick 400 foot section of common salt (halite). A thickness of twelve feet of carnallite was reported to be present and the pinkish and greyish mineral, in all probability sylvite, occurs through the first 80 feet of the Prairie Evaporite. Potash occurs over the upper 150 feet at Esterhazy and in the Saskatoon area.
The potash minerals are of the same composition and depositional sequence and depth as the potash at Unity, Saskatchewan, the location of Canada's first Potash Mine. A possible potash bed occurs at 2600 feet in the Prairie Evaporite which could be an extension of the Unity deposit. The lower deposits are separate but occur at 3500 feet similar to the Saskatoon deposits.
The Company intends to perform additional research on the property, including preparation of a modern 43-101 report on the existing nature of the deposit and the potential extent of the mineralization.
About the company
Utah Uranium Corporation is a Moab, Utah-based junior exploration and development company focused on the acquisition of highly sought after Fertilizer and Energy related opportunities in addition to cash-flow investments.
On behalf of the Board,
Peter Dickie, President
Cautionary note: This report may contain forward looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specifically noted, are considered speculative. Unless otherwise stated, any and all resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.
Contact:
www.utah-uranium.com
info@utah-uranium.com
SOURCE: Utah Uranium Corp.
http://www.utah-uranium.com
mailto:info@utah-uranium.com
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