Western Uranium Corporation

Western Uranium Corporation

November 28, 2007 08:30 ET

Western Uranium Announces 2007 Kings Valley Drill Results

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 28, 2007) - Western Uranium Corporation ("WUC") (TSX VENTURE:WUC) is pleased to provide drill results from the on-going drill program at the Kings Valley Uranium Project, Nevada. Highlights from the second round of late summer drilling include:

KV-31, 4.60 meters of 0.088% U3O8
KV-32, 4.57 meters of 0.060% U3O8
KV-36, 7.62 meters of 0.113% U3O8
KV-39, 12.19 meters of 0.044% U3O8
KV-42, 3.05 meters of 0.033% U3O8
KV-43, 7.62 meters of 0.039% U3O8

Assay results for drill holes KV-21 through KV-29 were previously released on July 30th, 2007 in a WUC press release.

The 2007 Kings Valley drill campaign is focused on testing the new conceptual geologic model that is being used in the preparation of a NI 43-101-compliant resource calculation for the project area. In June 2007, WUC engaged AMEC Inc. to prepare a NI 43-101-compliant resource calculation for the North, South, and Moonlight Mine areas. AMEC anticipates a December delivery date for the report. The strong uranium values encountered during the 2007 drill program confirm the validity of the new geologic model and add considerable potential to expand the existing uranium inventory.

As of November 15, 2007, WUC has drilled an additional 21 reverse circulation (RC) holes, KV-30 through KV-50 and 4 deep core holes, MLC-01c through MLC-04c. Analytical results have been received through KV-45 and for the four deep core holes. Results are pending for KV-46 to KV-50. Overall, four RC holes were drilled in the South Zone, and twelve RC holes in the North Zone. The four deep core holes were drilled along the range front west of the Moonlight Mine to test for a reported molybdenum target identified by Anaconda in the 1970s. KV-30 through KV-50 were drilled to test structural and intrusive related targets outlined during the 2007 re-mapping of the North, South, and Moonlight Mine areas. Assay results for drill holes KV-30 through KV-45 are shown on Table 1.

Due to the steep topography in the project area most of the phase two drilling was done with vertical holes. This, coupled with the widely spaced drill pattern and the abrupt changes in attitudes of the mineralized rock, makes an accurate determination of true thicknesses difficult. The company will undertake core drilling in several of these areas to assist in collecting data that will help define true thickness.

Table 1. Kings Valley
2007 Drill Results KV-30 to KV-45

Area Start End Interval
Hole (i) m m m U308%
------ ------ ------ ------ -------- ------
KV-30 SZ 35.1 36.6 1.5 0.013%
41.1 42.7 1.5 0.025%
76.2 77.7 1.5 0.017%

KV-31 SZ 41.1 45.7 4.6 0.088%

KV-32 SZ 41.15 45.72 4.57 0.060%




KV-36 NZ 25.91 33.53 7.62 0.113%

KV-37 NZ 1.52 4.57 3.05 0.15%


KV-39 NZ 39.62 51.81 12.19 0.044%



KV-42 NZ 85.34 86.86 1.52 0.064%
114.29 117.34 3.05 0.033%

KV-43 NZ 32.00 39.62 7.62 0.035%


KV-45 NZ 38.10 42.67 4.57 0.018%

(i) SZ equals South Zone
NZ equals North Zone

WUC has contracted Enviroscientists Inc. located in Reno, Nevada to develop a comprehensive Plan of Operations (POO) for the area covering the North, South, and Moonlight drill areas. Clearance is being sought for over an additional 1500 drill holes and for disturbance related to road construction and drill pads over more than 200 acres.

South Moonlight Mine Area - Molybdenum Porphyry Target

Four deep core holes, MLC-01c through MLC-04c, were drilled in the pediment west of the Moonlight Mine portal and were targeted at a strong range front induced polarization (IP) geophysical anomaly. The character of the IP signature was consistent with molybdenum-porphyry style mineralization. When combined with known molybdenum mineralization of up to 7.2% drilled by Anaconda in the Moonlight Mine area this makes the concept of a buried molybdenum-porphyry very compelling.

Although holes MLC-01c through MLC-04c failed to penetrate the projected molybdenum-porphyry target, the holes encountered pervasive propylitic to advanced argillic alteration including the introduction of 3 to 5% sulfides, mostly in the form of pyrite. In addition, MLC-03c was terminated before encountering bedrock due to extremely difficult drilling conditions. In MLC-04c only 10 meters of bedrock was intercepted prior to hole abandonment due to broken ground and very high water volumes. However, the granodiorite recovered in hole MLC-04c is intensely argillized, shattered, and contains 3 to 5% pyrite. Assay results returned very low-level gold, silver, arsenic, antimony, mercury, molybdenum, and scattered low level uranium values. The increasing level of alteration from north to south suggests the source of the alteration lies further to the south. WUC will continue to evaluate the target concept and is considering conducting a deep IP survey over the area of interest.

WUC QA/QC Program

Quality Control and Assurance for all sampling projects at Kings Valley is under the direction of Mr. Victor Calloway, a Qualified Person as defined by National Instrument 43-101 standards. Chip samples collected during the reverse circulation drilling are sealed in thick polyethylene bags and transported on a daily basis to a locked steel storage container located on site. Samples remain locked in the container until personnel from the analytical laboratories collect the samples and transport them to the laboratory in Sparks, Nevada.

Core samples are collected daily from the drill site and transported back to the field office where WUC personnel photograph each box. WUC geologists then log the core, noting rock types and alteration. The core is then split and packaged in sealed heavy-weight polyethylene bags. Core samples are delivered by WUC employees to American Assay Laboratories located in Sparks, Nevada.

American Assay Laboratory's quality control system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025:1999. Analytical accuracy and precision are monitored by the use of reagent blanks, reference samples, and sample duplicates. Additionally, WUC selects duplicate samples which are then submitted to a third party lab for separate confirmation analysis. WUC has contracted Minerals Exploration and Environmental Chemistry Laboratories, located in Washoe Valley, Nevada, to develop a set of analytical standards for additional uranium quality control.

About the Company

Western Uranium Corporation is a mineral exploration company with a focus on uranium. The Company has exploration properties in Nevada, New Mexico and in the Thelon Basin, Nunavut and the Northwest Territories. The Company has its head office in Vancouver, Canada; its executive management team is based in Reno, Nevada.

The contents of this press release were reviewed by Mr. Victor Calloway, Chief Geologist for WUC. Mr. Calloway has sufficient experience to review this release and is a Qualified Person as defined by NI 43-101.

On behalf of the Board of Western Uranium Corporation

Pamela J. Klessig, President & CEO

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless an exemption from such registration is available.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved of the contents of this press release.

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