Nova Uranium Corporation
TSX VENTURE : NUC

Nova Uranium Corporation

October 31, 2005 13:17 ET

Nova Uranium Corporation: Fieldwork Underway at Mont Laurier Uranium Property

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 31, 2005) - Nova Uranium Corporation (TSX VENTURE:NUC) has begun fieldwork on its Mont Laurier, Quebec uranium property. Field crews are currently mapping and sampling the priority Nova showing, one of 21 known uranium showings on Nova's extensive property comprising 18,170.4 ha (44,898.4 acres). To date over 50 rock samples have been taken, on completion of the sampling all samples will be sent for assay.

Widespread exploration activity in the area, during the late 60's and early 70's, outlined numerous zones of uranium mineralization. At the Nova showing extensive drilling coupled with bulk sampling allowed the estimation of sizable uranium resources (pre NI 43-101 and therefore not compliant).

Numerous surface and near surface rock samples (grab, trench and blast) were collected in the Nova showing area by previous property owners. Uranium oxide analyses for these samples typically range from sub anomalous to a few pounds per ton, although a few very high values have been reported, for example: 13.88 lb/t (0.69%) U3O8, 18.72 lb/t (0.94%) U3O8 and 70.7 lb/t (3.54%) U3O8.

The numerous drill core and rotary air blast samples collected by previous property owners show that uranium oxide mineralization typically ranges from sub anomalous to 2-3 lb/t (0.10 to 0.15%) U3O8 over the length of a drill hole. Shallow surface bulk sampling carried out in 1977 over selecteduranium-bearing drill holes showed a marked increase in the uranium concentrations; about two times the values observed in nearby drill holes.

Nova's target is a straightforward and safely mineable open pit bulk tonnage deposit in an easily accessible, mining friendly jurisdiction in south central Canada.

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

ON BEHALF OF THE BOARD

Donald G. Moore CEO, President and Director


Contact Information

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