Nova Uranium Corporation

Nova Uranium Corporation

September 18, 2007 13:41 ET

Nova Acquisition: Pom-Pom, James Bay Area Quebec

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 18, 2007) - Nova Uranium (TSX VENTURE:NUC) is pleased to announce that the company has acquired claims, 100% owned by Nova, strategically located within an emerging and highly prospective district in northern Quebec. This property is located within the paleo-placer James Bay Uranium District that hosts the 10.1 million pound Apple Deposit recently acquired by Strateco Resources.

The Pom-Pom project is located on the east side of James Bay, Quebec, approximately 900 kilometres north of Montreal. The project consists of four claim blocks, totalling 142 claims, covering 9,151 hectares (22,612 acres) of land, with the centre of the claim group being only about 50 kilometres east of the paved James Bay highway. Three of the four claim blocks cover historical uranium showings while two of these claim blocks are completely surrounded by the staking activity recently announced by Strateco (Virginia Mines).

Uranium mineralization in the Strateco Apple Deposit is found in quartz pebble conglomerates, which is reported to be similar to the paleo-placer uranium deposits found at Elliott Lake, Ontario and Witswatersrand, South Africa. In 1974, International Nickel Company of Canada Limited (INCO) performed a non 43-101 compliant resource estimate on a one kilometre portion of the Apple Deposit; calculating 9,365,000 tons grading 0.054% U3O8 or 1.08 lb/ton for a total of 10.1 million pounds (Quebec Government assessment report file GM 57894). The western claim block recently staked by Nova covers geologically favourable terrain which is on a regional trend from the Apple Deposit. Nova is currently completing a full assessment of the claim groups to facilitate the development of an exploration program for the property.

Don Moore, President of Nova states, "The James Bay Uranium District is an exciting place for a uranium company to be and we are very pleased to have acquired such a prominent land position in this emerging District. The acquisition of this land is in line with our strategy of building a diversified basket of excellent uranium properties. Nova's Pom-Pom project nicely compliments our other two holdings which are in the Otish Mountain Uranium Basin and in the Mont Laurier district. We look forward to starting exploration activities in the James Bay District as we simultaneously continue drilling in Mont Laurier and develop exploration plans for Otish Mountain."

About Nova Uranium

Nova Uranium is near completion of the fourth phase of drilling at the company's wholly owned Mont Laurier uranium property. The target is a large, bulk tonnage uranium situation that could be mined using open-pit mining methods. Results to-date have indicated that there is wide spread uranium mineralization on the Mont Laurier property close to surface.

Mr. Michael Moore, PGeo is the qualified person who has reviewed the technical information contained in this news release on behalf of the Company.

Further information is available on the company's website


Donald G. Moore, Chairman, CEO and Director

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

Contact Information

  • Nova Uranium Corporation
    Donald G. Moore
    Chairman, CEO and Director
    (604) 687-7178 or Toll Free: 1-800-398-5645