Universal Uranium Engages North Rim Exploration Ltd. For Study of Potash Potential of St. George's Bay Mineral Property
Posted on: Tuesday, 24 June 2008, 02:30 CDT
Universal Uranium Ltd. (TSX VENTURE: UUL) is pleased to announce that it has contracted North Rim Exploration Ltd. (North Rim) of Saskatoon, Saskatchewan to provide an assessment as to the potential for discovering potash on the company's newly acquired claims in the St. Georges Bay Basin of Western Newfoundland.
North Rim Exploration Ltd. is a geosciences and engineering consulting firm that has provided geoscience support and service to the potash exploration and mining industry in western Canada since 1989. North Rim Exploration has provided its expertise to companies mining and/or seeking to mine potash in Saskatchewan and Manitoba, including Potash Corporation of Saskatchewan, Agrium Inc., Anglo Potash Inc., BHP Billiton, Potash One, Potash North and others. The company has undertaken over 80 studies in the area of potash geology and exploration during this period.
North Rim will begin its study of the potash potential of the St. George's Bay property immediately and will have it completed by late July 2008. The work will consist of compiling and evaluating all available historical archive data, determining the likelihood of encountering potash within the property claims, a site visit, and a proposed exploration program, should this be warranted, which will include recommendations as to further geological and geophysical studies.
Reporting of the results of the preliminary assessment will follow the Form F-1 portion of the National Instrument 43-101 technical report and will be written by Mr. Stephen P. Halabura, President and CEO of North Rim and an Independent Qualified Person (IQP) as defined by National Instrument 43-101.
Ron Atlas, President and CEO of Universal Uranium Ltd., states, "The Company is looking forward to working with North Rim Exploration Ltd. to further project development on the newly acquired property. The company feels the project has significant potential and looks forward to working with a company with extensive expertise and success in the potash industry."
Universal Uranium Ltd. (TSX VENTURE: UUL) is a publicly held Canadian exploration company focused on acquiring, exploring and developing mineral properties located in favorable geo-political climates. The company is led by a highly skilled, experienced board and management team with significant successes in managing early stage mineral exploration companies.
ON BEHALF OF THE BOARD:
Ronald Atlas, President & Chairman of the Board
The Company seeks Safe Harbour.
Standard & Poor's Listed
Issued Share Capital: 44,656,291
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Contacts: Universal Uranium Ltd. Taylor Little Investor Relations (604) 662-3903 Email: tlittle@universaluranium.com Website: www.universaluranium.com
SOURCE: Universal Uranium Ltd.
Source: MARKET WIRE
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