High Plains Uranium, Inc.
TSX : HPU

High Plains Uranium, Inc.

November 07, 2006 15:30 ET

Drilling Program Begins on High Plains' Sand Creek JV

CHEYENNE, WYOMING--(CCNMatthews - Nov. 7, 2006) - High Plains Uranium, Inc. (TSX:HPU) is pleased to announce that a two-stage exploration/drilling program has been initiated on its Sand Creek Joint Venture in Converse County, Wyoming. The Sand Creek JV, a joint venture between the Company and the Converse Joint Venture, covers a defined area of approximately 92,000 acres (37,300 hectares) in an area of known uranium occurrences, located east of Douglas, Wyoming.

The Converse JV is a joint venture between New Horizon Uranium Corporation, a privately-owned corporation based in Golden, Colorado, and Canyon Resources Corporation (AMEX:CAU), another Colorado-based mining company. New Horizon is the operator of both the Sand Creek and the Converse joint ventures. The primary goal of the Sand Creek JV is to advance as rapidly as possible to the production of uranium by the In-Situ Leach (ISL) mining method.

The initial drilling program, Stage 1, will include a total of 18 holes in the western portion of the Sand Creek JV area, approximately five miles east of Douglas, Wyoming, and in the area of the Scott Ranch. Drill hole locations were selected for confirmation and augmenting of the earlier drilling completed by Canyon Resources in the 1980's. New Horizon is preparing an amendment to its exploration permit with the Wyoming Department of Environmental Quality to add 12 more holes in a Stage 2 program planned for January 2007, provided the permit amendment is approved on a timely basis. The Stage 2 drill holes are intended to be an extension of the drilling in Stage 1. Uranium mineralization has been previously identified in sediments of the White River Formation that trends through the Sand Creek JV area. The White River formation is the same formation that hosts Cameco Corporation's Crow Butte ISL uranium operation in Nebraska.

Bill Wilson, President of New Horizon, said "we are fortunate to be moving ahead on this project at this time with an experienced drilling company, particularly with the shortage of drill rigs in the area. We anticipate an on-going drilling program based on these early results to extend throughout next year."

High Plains Uranium, Inc. is a Wyoming based uranium exploration and development company focused on the development of uranium deposits in Wyoming and Texas, which are amenable to In-Situ Leach mining methods.

The TSX has not reviewed and does not accept responsibility for this news release.

Contact Information

  • High Plains Uranium, Inc.
    Tom Parker
    President and CEO
    (307) 433-8708
    Email: tparker@hpur.com