Energy Metals Corporation

Energy Metals Corporation

September 16, 2005 13:27 ET

EMC Completes Acquisitions of the Moore Ranch Uranium Deposit in Wyoming's Powder River Basin

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 16, 2005) - Energy Metals Corporation (TSX VENTURE:EMC) (the "Company") is pleased to report, that further to its February 18, 2005 news release, the Company has recently completed the acquisition of an additional 600 acres internal to the SD claims and as a result, controls the surface and mineral rights covering the Moore Ranch Uranium deposit in Campbell County, Wyoming. The Moore Ranch property consists of surface leases, fee mineral leases, unpatented federal mining claims, and a Wyoming State Mining Lease and are subject to industry standard surface land-use agreements and royalties.

The Moore Ranch Uranium deposit was discovered by Conoco in the 1970s. Between 1970 and 1979, considerable work was done on the property. A Mine Permit Application for the Moore Ranch Mine and Sand Rock Mill Project was made to the United States Nuclear Regulatory Commission in 1980. This 4 volume application reported a historic "mineable ore reserve" of 3.6 million tons at an average grade of 0.072% U308 (5.18 million pounds U308) in 3 open pits. The deposit was to have been mined by a joint venture between Conoco and Kerr McGee with the associated Sand Rock Mill to have been built and operated by a joint venture between Conoco and Pathfinder Mines Corporation (a Cogemea subsidiary). The joint venture was seeking an approval for a conventional sulfuric acid leach mill to process up to 3000 MT of uranium ore per day. The plans to develop the property were dropped due to declining uranium prices. The property was once again held by Power Resources (a subsidiary of Cameco) until 2003 when it was dropped at a time of low spot uranium prices (US$11.86/lb U308).

Uranium occurs on the Moore Ranch property in typical roll-front deposits within coarse to very coarse grained sandstone locally named the "70 sands" by Conoco geologists. The 70 sands average 80 feet in thickness. Mudstones, clay seams and coal seams lay immediately above and below the 70 sands. The 70 sands are believed to be almost flat lying with a dip of less than 1 degree. Average depth to the 70 sand is 180 feet. The bulk of the mineralization lies below the water table. The uranium mineralization is generally less than 25 feet in thickness. The transmissivity and hydraulic conductivity from wells in the mine area show favorable values for ISL (in situ leaching) development with values ranging up to 3800 gal/day/ft transmissivity and hydraulic conductivities up to 4600 ft/yr; averaging 120 ft/yr. Although ISL technology was known at the time of the Conoco report, the Conoco staff decided that it was not a sufficiently developed technology to be employed at Moore Ranch and opted for an open pit mining method. EMC plans to conduct further tests to establish the viability of more advanced and current methods of ISL as applied to the Moore Ranch deposit. Of potential interest are the documented mineralized zones shown by drilling and cross section to exist outside of the proposed pit boundaries that may be amenable to ISL extraction. Paul Matysek, P.Geo is the QP responsible for preparing the technical information contained in this news release.

The Company is also pleased to announce that further to its news release dated June 27, 2005, it has received Exchange acceptance to the purchase of Garfield Resources I LLC's 100% interest in the Congress Property and has issued 10,500 common shares with a hold period that expires on December 31, 2005.

Readers are cautioned that while the historical resource estimate is considered to be relevant, Energy Metals has not done necessary work to verify the classification of the resource, and the reader should not rely upon these historical resource estimates. The Company's management and consultants intend to carry out a mineral resource estimate to NI 43-101 requirements in due course.

Energy Metals Corporation is a Canadian listed company involved in developing resources to power the 21st century. The Company has adopted a corporate strategy to focus on the acquisition and development of uranium assets in politically favorable and mining-friendly jurisdictions within the United States to take advantage of the continuing growth in the U.S. and worldwide of demand for electrical energy. This increasing consumption is occurring at a time when uranium mine supplies are dwindling and inventories are being depleted.

The Company is targeting advanced projects in Wyoming that are amenable to ISL. This form of uranium mining was pioneered in Wyoming utilizing water wells and oxygen-fortified groundwater to mine the uranium in place. Energy Metals Corporation is also actively advancing other conventional mining and ISL opportunities for uranium properties in the States of Utah, Nevada, Oregon and Arizona.


Paul Matysek, M.Sc., P.Geo., President, CEO and Director

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

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