Northwestern Updates Firefly Project Activities
Toronto, Canada (ots/PRNewswire) - Northwestern Mineral Ventures Inc. (WKN A0B917, ISIN CA6681301074) is pleased to update its shareholders on activities at the Firefly Project in Utah.
As announced in a press release dated January 23, 2006, Northwestern is currently working to obtain a permit that will allow the company's geological team to enter the past-producing Firefly Mine. During the ongoing application process, Northwestern has been advised that the Bureau of Land Management (BLM) is currently conducting a study of historical mine impacts in the La Sal Creek mineralized district. The survey will cover the entire La Sal uranium district in San Juan County, southeastern Utah.
"Northwestern supports the actions of the BLM as it conducts its evaluation of the area," said Kabir Ahmed, Chairman and CEO of Northwestern. "The results from this study will help the company further understand and evaluate the Firefly Project property. It will also provide additional information to assist Northwestern in determining how the company should proceed with the Firefly option agreement."
The company will provide further updates as the results of the BLM survey become available.
Northwestern has the right to acquire up to 100% ownership of the Firefly Project, which contains 39 mineral claims covering 315 hectares (780 acres) and includes the past-producing uranium-vanadium Firefly and Gray Daun Mines.
Northwestern Mineral Ventures (www.northwestmineral.com) is an emerging international exploration company with an experienced management team. The company is focused on properties with uranium and silver-gold potential and currently has interests in the United States, Canada and Mexico. Northwestern is listed on the Frankfurt and Berlin stock exchanges under WKN A0B917 and ISIN CA6681301074.
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.
ots Originaltext: Northwestern Mineral Ventures Inc.
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