Mesa Exploration [TSX-V:MSA] - Mesa Exploration To Drill Moonshine Springs Uranium Project
January 25, 2012 – Mesa Exploration Corp. (TSX-V: MSA) (“Mesa”) is pleased to announce that a rotary drilling program will commence in two weeks at the 100% owned Moonshine Springs uranium project in northwestern Arizona. The drilling program will test for extensions of the known mineralized system, previous drilling by Mesa intercepted 7.5 feet of 0.21% U3O8 in hole M1 and 4 feet of 0.47% U3O8 in hole M2 in altered sandstone at depths of 700 feet. Mesa conducted two radon soil sampling programs resulting in the definition of elevated radon, a possible indication of uranium mineralization at depth; these targets will also be drill tested.
Uranium exploration in the Moonshine Springs area by Pathfinder Mines and Exxon Minerals led to the discovery of a 4 million pound U3O8 deposit in the 1980s. The deposit is owned by Dennison Mines and is located within 2 miles of Mesa’s project.
About Mesa Exploration
Mesa is developing and exploring a portfolio of mineral properties in the United States where it controls significant land holdings. All projects are within proven mining districts with excellent access and infrastructure. Mesa currently has 14 million shares issued and outstanding, and no debt.
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