Cooper Minerals Inc.
TSX VENTURE : CQ

Cooper Minerals Inc.

January 23, 2007 17:18 ET

Cooper Gets Exploration Licences over Finland Uranium Prospect

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 23, 2007) - Cooper Minerals Inc. (TSX VENTURE: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

This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction. "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward looking statements that are not historical facts and are subject to risks and uncertainties which could cause actual results to differ materially from those set forth in or implied herein.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Cooper Minerals Inc.
    Simon Tam
    Director
    (604) 871-9930
    (604) 871-9926 (FAX)