NEWS RELEASES
August 5, 2009
Acquired Uranium Properties In Niger
Vancouver, British Columbia, Canada, August 5, 2009 – The Board of Directors of Cooper Minerals Inc. (TSX-Venture: CQ) (“Cooper” or the “Company”) are pleased to report on the acquisition of two uranium properties in the country Niger in west Africa. Niger is the 6th largest uranium producing country in the world and it hosts two of the world’s ten largest uranium mines.
The two uranium properties, the Batalene 1 and 2, have a combined area of 974 square kilometers. Both properties have been granted as Exploration Licences by the Nigerien Ministry of Mines and Energy valid up to end March 2012. The Batalene Prospects are located 60 km northwest (NW) of the town of Arlit.
The prospects are located within the Paleozoic fringe, stratigraphically located between the Carboniferous and Permian Periods. Most of the surface is covered by the Carboniferous Upper Tagora - (Somair U deposit stratigraphy) and younger, overlying Permian Izeguandane Series. Both prospects have a similar geological setting to that of the nearby Somair and Cominak (AREVA) uranium mines. A correlation in age, sedimentary setting, structural relations, ore minerals as well as reducing agents is evident between sandstone hosted U mineralisation in Niger, Karoo (South Africa), Colorado (U.S.A.) and Kazakhstan.
The Company has carried out a Remote Sensing target generation program by applying the Geological Model to the Batalene Prospects. The results of this study are being evaluated prior to designing an exploration program to evaluate the uranium potential of the properties.
Simon Tam, President states “We are pleased to have acquired a very large land position in an underexplored country which is a very large uranium producer. The Company’s strategy is to search out properties with world class potential”
Mike Magrum, P.Eng., a qualified person under National Instrument 43-101, has approved the technical content of this news release.
On behalf of the Board of Directors,
Simon Tam
President and Director
Disclaimer and Cautionary Statement Regarding Forward-Looking Information
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in any and all jurisdictions.
All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. The Company does not undertake any obligation to update forward-looking statements even if circumstances or management’s estimates or opinions should change. Investors should not place undue reliance on forward-looking statements.
Cooper Minerals Inc. seeks safe harbor.
Go back to the previous page |
