Cooper Gets Exploration Licences over
Finland Uranium Prospect
VANCOUVER, January 23, 2007 - Cooper Minerals Inc. (TSXV: CQ) is
pleased to announce that its wholly owned subsidiary Namura Finland Oy has
been granted 10 exploration licences covering the Kouvervaara Uranium
Prospect in Northern Finland. The licences have been granted for a period
of one year and are renewable for a further six-year period subject to a
45-day review period. Cooper is required to carry out an environmental
impact survey before commencing work at Kouvervaara. The granting of these
licences enables Cooper to proceed with its ALPHATRACK radon survey over
the property.
Cooper recently commissioned C. Stewart Wallis, P.Geo. of Scott Wilson
Roscoe Postle Associates Inc. to evaluate the uranium potential of the
property. His summary is as follows:
"Kouvervaara is considered a prospective property for the occurrence of
significant sedimentary hosted mineralisation. The property has only been
tested by trenching and drilling to shallow depths and although
intersections to date have generally been relatively narrow, the presence
of thicker sections (up to 5m) and intervals above the average grade of
0.039% over four metres (up to 0.27% U3O8 over 1m) suggest excellent
potential for the discovery of additional mineralisation"
The occurrence of uranium in the Kouvervaara area was first identified by
Outokumpu Oy in 1978. In 2001, Erkki Vanhanen described the uranium
occurrence in Bulletin 399 of the Geological Survey of Finland entitled,
"Geology, Mineralogy and Geochemistry of the Fe-Co-AU-(U) Deposits in the
Paleoproterozoic Kuusamo Schist Belt, Northeastern Finland".
The Kouvervaara uranium prospect has been drilled with approximately 22
holes along the strike of the body. Surface samples graded up to 1.5%
U3O8. The company is paraphrasing Mr. Vanhanen's comments from Bulletin
399, in saying: "It appears that the uranium occurs in a sediment-related,
sandstone-type, association. The uranium deposit lies 500 metres south of
the Kouvervaara Co-Cu-Au deposit and is stratigraphically above it. The
east-west-orientated uranium deposit is more than three kilometres long
and is associated with the contact zones between a biotite and
carbonate-bearing horizon below, and a partly albitized arkose quartzite
member above (Vanhanen, 1989). The deposit is typically stratiform, but in
the west the mineralization may form roll- and tube-like sericite-rich
structures. The thickness of the deposit varies from a few centimetres up
to some metres. The main uranium mineral is uraninite, which occurs in the
matrix of the host rock along grain boundaries. The uranium minerals
pitchblende and brannerite have also been noted."
The Company advises that it has not done the work necessary to verify the
existence of any resource or reserve associated with the project and is
not treating them as a National Instrument 43-101 defined resource or
reserve verified by a qualified person. The use of the word deposit in
Bulletin 399 is used to describe a zone containing uranium mineralization.
Cooper's planned exploration program will be directed toward determining
the extent and depth of the uranium mineralization at Kouvervaara.
Initially, the company plans to carry out an extensive ALPHATRACK radon
survey over the property.
Mike Magrum, PEng, a qualified person under National Instrument 43-101,
has approved the technical content of this news release.
On behalf of the Board of Directors
Cooper Minerals Inc.
Simon Tam
Director
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