Delta Uranium Inc. (formerly WavePower Systems International Inc.)

Delta Uranium Inc. (formerly WavePower Systems International Inc.)

November 14, 2007 16:27 ET

Delta Uranium Inc.: Update on Exploration Program

TORONTO, ONTARIO--(Marketwire - Nov. 14, 2007) - Delta Uranium Inc. ("Delta" or the "Company") (TSX VENTURE:DUR) is pleased to announce that exploration is well underway on its Kenora Uranium Project in Northwestern Ontario. To date a regional airborne radiometric survey and ground follow-up geophysical program have been completed, while a geochemical survey, including grab, channel and soil sampling, is underway. In addition to confirming many of the historical uranium showings, the surveys have identified a number of new and significant anomalies. The current exploration program is designed to advance selected targets to first phase drilling scheduled for this winter.

In all, 42 historic uranium occurrences are known in this part of Ontario and their location coincides with that of a large uranium anomaly in lake-bottom sediments. For the first time in the history of exploration in this part of Ontario, one company (Delta) controls nearly all of the significant uranium occurrences.

Airborne Radiometric Survey

In addition to the known uranium occurrences located within the Kenora Uranium Deposit, an airborne radiometric survey, completed over the property in July 2006, has identified a significant number of new radiometric anomalies, some of which are substantially larger in area and have the potential to eclipse many of the historical uranium showings. The survey, comprising 3,248 line kilometres of radiometric and magnetic readings, covers over 350 square kilometres of uranium-prospective ground currently 100% owned by the Company in the Kenora region.

In contrast to many of the historic uranium occurrences, which saw only limited exploration over small areas, the new airborne anomalies show continuous strike extents of up to ten kilometres and indicate a potential for significant volumes of uranium-bearing host rocks. As well, the airborne survey shows that many of the known occurrences may be significantly larger than originally thought.

Ground Radiometric Survey

A program of ground follow-up geophysics, comprising scintillometer surveys, was completed this week on the property. More than 45,000 readings were acquired targeting selected uranium showings and previously unexplored airborne anomalies. The survey was successful in delineating a number of significant new radiometric anomalies while confirming, and enlarging, numerous historic uranium showings.

The ground survey data is being used to direct geochemical sampling programs, which are currently underway, in preparation for drilling programs expected to commence shortly.

The Company will be releasing results of the current exploration program, including scintillometer and geochemical results in future press releases.

About the Kenora Project

The 100%-owned Kenora Uranium Project is comprised of 163 claims covering a total of 29,680 hectares located approximately 30 km east of the town of Kenora in Northwestern Ontario. The Kenora properties host an unusually large number of uranium occurrences, which coincide with a large uranium anomaly in lake-bottom sediments.

The Kenora properties are considered to have significant potential to contain uranium deposits as known basement rocks (leucogranitic peraluminous bodies) are favourable uranium hosts; and previous exploration has shown ubiquitous uranium mineralization, including one area which has seen limited mining development. In addition, the numerous unexplored airborne radiometric and geochemical anomalies identified by the current exploration program indicate a greater potential than was originally thought for the area.

All information presented in this release with respect to the Kenora project is based on an independent technical report dated March 17, 2007 (the "Kenora Technical Report"), which was prepared by Dr. Roger Laine, Ph.D., P.Geo. The Kenora Technical Report was prepared in accordance with National Instrument 43-101 and can be accessed through Delta's profile on SEDAR (

All information pertaining to the additional properties of the Company was derived from historical geological reports and does not presently conform to the standards as outlined in National Instrument 43-101. SHAREHOLDERS ARE CAUTIONED THAT DELTA HAS NOT CONFIRMED THE INFORMATION AND SHAREHOLDERS SHOULD NOT RELY ON SUCH INFORMATION.

Aerobus Lake

The Company's Aerobus Lake Uranium Project is located in Northwestern Ontario approximately 25 km Northeast of the Company's Kenora Property. The project consists of 84 claims covering 1,344 hectares.

The properties were acquired by staking and target uranium mineral occurrences and radiometric anomalies, typically in granite and granite-greenstone terranes. Most fall under the Intrusive Deposit model for uranium deposits, which are represented by low-grade, high-tonnage deposits typically associated with intrusive rocks including alaskite, granite, pegmatite, and monzonites. Major world deposits include Rossing (Namibia), Ilimaussaq (Greenland) and Palabora (South Africa). The most well known example of the Intrusive-type deposit is the Rossing Mine in Namibia, which accounts for 8% of the World's uranium production and has been producing continuously from 1976 (1979 report prepared by C.E. Blackburn, 1976 report prepared by A.S. Baynes, 2005 report prepared by V.E. Felix, 1976 report prepared by A.P. Pryslak, 1968 report prepared by J.A. Robertson and 1955 report prepared by J. Satterly).


The Company's Gowganda Uranium Project is located in Northeastern Ontario and stretches from Shining Tree to Sault Ste Marie. The project consists of twelve separate mineral licenses comprising 3,092 claims covering 49,472 hectares.

The properties were acquired by staking and target uranium mineral occurrences and radiometric anomalies, typically in granite and granite-greenstone terranes. Similar to the Kenora Project, most of the Gowganda projects can be classified under the Intrusive Deposit model for uranium deposits.

The remainder of the Gowganda Uranium Project claims are found in geological settings with the potential to host uranium deposits similar to those in Elliot Lake, namely the Quartz-Pebble Conglomerate type. These deposits are hosted by sedimentary units with uranium mineralization typically occurring within the sedimentary matrix. Quartz-Pebble Conglomerate deposits make up approximately 13% of the world's uranium resources. Individual deposits of this type range in size from 6,000t -170,000t contained U3O8 and major examples are the Elliot Lake deposits in Canada and the Witwatersrand gold-uranium deposits in South Africa (1968 report prepared by J.A. Robertson).

Qualified Person

Exploration on the Company's Kenora Uranium Project is conducted under the supervision of David Palmer, Ph.D., P.Geo. (ON), a Qualified Person as defined under National Instrument 43-101. Dr. Palmer has read and approved this news release.

About the Company

Delta Uranium Inc. is engaged in the exploration of uranium properties in the Kenora and Timmins regions of Ontario, Canada. The Company recently completed the acquisition of its Kenora uranium property and holds interest in additional uranium and gold properties in Ontario. Delta completed a non-brokered private placement raising gross proceeds of $8,833,000 on November 9, 2007 and commenced trading on the TSX Venture Exchange on November 11, 2007.

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

Contact Information