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MELDUNGEN
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PRESSEMELDUNGEN
September 16, 2005
Cooper buys Heron Lake for $15,000, 1.5 million shares
Mr. Tai Chen reports
HERON LAKE URANIUM PROPERTY ACQUIRED
Cooper Minerals Inc. has entered into a purchase agreement with Kalac Holdings
Ltd., Elite Vantage Development Ltd. and 658802 B.C. Ltd. (vendors) to acquire a
100-per-cent interest in the Heron Lake uranium property in the Nonacho Lake
area of the Northwest Territories. The property is located approximately 270
kilometres southeast of Yellowknife, Northwest Territories.
The terms of the purchase agreement for a 100-per-cent interest in the property
require the company to make cash payment of $15,000 and to issue 1.5 million
shares to the vendors. The property is subject to a 2-per-cent
net-smelter-return royalty. The company has the right to reduce the royalty to 1
per cent by paying $1-million. This acquisition is subject to exchange approval.
A finder's fee, in the maximum amount permitted under the policies of the TSX
Venture Exchange, is payable.
The property consists of two claim blocks, with a total area of approximately
1,356 hectares (3,350 acres). The property includes a shear-hosted radioactive
zone 600 metres long and at least 200 metres deep. This zone ranges up to 15
metres wide. Work by Uranerz Exploration and Mining Ltd. between 1977 and 1982
produced grab samples grading up to 0.37 per cent U3O8 and minimal diamond
drilling produced a best intersection of 0.211 per cent U3O8 over a five-metre
width.
WARNING: The company relies upon litigation protection for "forward-looking"
statements.
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