Message #3 From:
NewsBot Date: April 28, 2008 06:41:40 AM
Utah Uranium Corp. Acquires Alberta Potash Property
Utah Uranium Corp. (OTCBB: UTUC) announced the acquisition of the Ernestina Lake Potash
property, located in the Province of Alberta, Canada. The
Company has acquired 192,000 contiguous hectares (474,400 acres) of potash
claims, located in east-central Alberta, adjoining the Saskatchewan
provincial border.
An overview of work presented 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.
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.
