June 12, 2007 11:00 ET

eResearch Issues Initiating Report on Mesa Uranium Corp.

TORONTO, ONTARIO--(Marketwire - June 12, 2007) - eResearch analysts, Stephen Mussart, B.A. (Economics), MBA, and Bob Weir, B.Sc., B.Comm., CFA have written an Initiating Report on Mesa Uranium Corp. (TSX VENTURE:MZU). This junior Canadian mineral exploration company's activities are focused on exploring for uranium in the Colorado Plateau. It has three wholly-owned projects: (1) the Lisbon Valley Project, Utah; (2) the Moonshine Springs Project, Arizona; and (3) the Breccia Pipe Project, Arizona.

The report's Highlights state the following:

- The shares are rated as a Speculative Buy for risk-tolerant investors, with a share price target of $1.10, against the current price of $0.68.

- The Company's primary property is its Lisbon Valley Project in the notable Lisbon Valley Mining District, an area in which 85 million pounds of high-grade uranium (U3O8) already has been produced.

- An October 2005 NI 43-101 report on the Lisbon Valley Project concluded there was good potential for further discovery of deposits but no data was available to permit an estimation of resources.

- Moonshine Springs Project is located 2 miles from Denison Mines' 2.5 million pound uranium deposit.

- Bullish outlook for uranium industry, but investor enthusiasm could lead to over-valuations for uranium stocks.

eResearch is Canada's primary source for independent, quality, investment research, focused primarily on small- and mid-cap companies. Our research and analysis is of institutional quality, and has the potential of reaching millions of global investors through our extensive Internet distribution network. eResearch does not trade in the securities of the companies it covers, nor does it accept any stock related compensation for research services. eResearch does not engage in retail or institutional sales, trading, or corporate finance activities, nor does it conduct investment banking or investor relations services for the companies covered. Our sole business is providing quality, unbiased research.

Mesa Uranium Corp. paid eResearch a fee of C$18,500 + GST to conduct research on the Company, on an Annual Continuous Coverage basis.

Contact Information

  • eResearch
    Bob Weir, CFA, Director of Research
    (416) 643-7643
    Website: (to subscribe to eResearch and
    then view/download the report)