Tuesday, March 27, 2012

Mesa Exploration Corp. [TSX-V: MSA] - Mesa Exploration Drilling Confirms Uranium Zone at Moonshine Springs Project

March 26, 2012 – Mesa Exploration Corp. (TSX-V: MSA) (“Mesa”) is pleased to announce that six rotary drill holes have recently been completed at the 100% owned Moonshine Springs uranium project in northwestern Arizona. The current drilling program tested extensions of previously discovered uranium mineralization and radon soil geochemical targets. Results from the drilling program are summarized below:

Drill Depth Length U3O8
Hole (feet) (feet) (%)
M3 583 4.0 0.131
M3 620 2.0 0.058
M4 602 8.0 Mineralized
M5 614 2.0 0.065
M6 606 6.0 Mineralized
M7 617 1.5 0.141
M7 629 2.5 0.176
M8 592 8.5 0.013

M3 through M7 were step out holes approximately 100 feet in distance from previously announced holes M1 and M2 (7.5 feet of 0.21%, 4 feet of 0.47% U3O8, respectively). Wildcat hole M8 is located a distance of 1,200 feet south from the M1-M7 holes and partially tested a large radon soil anomaly. The drilling has defined a strongly mineralized north-south sandstone channel of the Triassic Chinle Formation. Based upon these encouraging results follow up drilling is planned to be done later in 2012.

The Moonshine Springs deposit is located within 2 miles of a 4 million pound U3O8 deposit owned by Dennison Mines. Both deposits occur in the same geologic setting and host rock.

Qualified Person
This Press Release has been prepared and revised under the supervision of Dana Durgin, AIPG Certified Professional Geologist, Technical Advisor for Mesa, a Qualified Person as defined by National Instrument 43-101 guidelines.

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 14.8 million shares issued and outstanding, and no debt.

No comments: