Message #5 From:
NewsBot Date: July 2, 2008 02:41:13 PM
WAVU Stock: Wave Uranium Completes Mapping of Geologic Structures on Grand County Properties
Wave Uranium (OTCBB: WAVU stock) today announced it has completed mapping the
unconformity between the Chinle and Moenkopi formations on portions of
its mining claims and State leases in Grand County, Utah.
This unconformity, called the Tr-3 unconformity, is the locus of
significant uranium deposits at Lisbon Valley and elsewhere in eastern
Utah. The surface was initially mapped using logs of oil wells drilled
in the project area. Later, during November field work, the surface was
measured in outcrop with laser range finding equipment. This past
winter, the two data sets were merged and found to be in excellent
agreement.
The merged data sets provide a more complete understanding of the nature
of the Chinle/Moenkopi contact in the project area and its relation to a
salt anticline that may have affected the flow of mineralizing
solutions. The new data will guide additional field mapping this spring,
and will be used to identify potential drilling targets in areas of the
Company’s claims where the basal Chinle
Formation is not exposed at the surface.
Wave Uranium is a Las Vegas, Nevada-based exploration and development
uranium company. The Company is actively acquiring world class uranium
properties in prolific mining areas in North America.
Wave Uranium has assembled a team of geologists and directors with
proven track records in areas of mineral exploration, mining programs
and accessing global capital markets.
Safe Harbor :Except for the historical information contained
herein, the matters set forth in this press release,including
the description of the Company and its product offerings, are
forward-looking statements within the meaning of the "safe harbor"
provision of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are subject to risks and uncertainties that
may cause actual results to differ materially, including the historical
volatility and low trading volume of our stock, the risk and
uncertainties inherent in the early stages of growth companies, the
Company's need to raise substantial additional capital to proceed with
its business, risks associated with competitors, and other risks
detailed from time to time in the Company's most recent filings with the
Securities and Exchange Commission. These forward-looking statements
speak only as of the date hereof. The Company disclaims any intent or
obligation to update these forward-looking statements.
