Hornby Bay Mineral Exploration Ltd.
TSX VENTURE : HBE

Hornby Bay Mineral Exploration Ltd.

June 22, 2010 11:28 ET

Hornby Bay Announces Mobilization of Drill

TORONTO, ONTARIO--(Marketwire - June 22, 2010) - Hornby Bay Mineral Exploration Ltd. (the "Company") (TSX VENTURE:HBE) is pleased to announce that it will commence its uranium exploration program in the Hornby Bay Basin, Nunavut, in early July 2010, with the opening of the Mouse Lake camp and the mobilization of a depth capable diamond drill and drill crew.

The 2010 program will be focused on the drilling of several unconformity type targets on the Coppermine River Property. In addition to testing these geophysical anomalies, the drilling program will provide petrophysical and depth-to-basement data that will help in the planning of a seismic survey of the basin to be completed later in the 2010 exploration season. Ground time- domain electromagnetic surveys will also be conducted on the Coppermine River Property for follow-up of the MEGATEM conductors.

The Company has received an advance of $600,000 from a significant shareholder as a guarantee of payment to the drill contractor to expedite the commencement of the exploration program.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

Neither the 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 release.

Contact Information

  • Hornby Bay Mineral Exploration Ltd.
    Maurice Colson
    President & CEO
    416-597-0969
    mcolson@sympatico.ca