Nova Uranium Corporation
TSX VENTURE : NUC

Nova Uranium Corporation

November 17, 2006 14:11 ET

Nova Uranium Corporation: Mont Laurier Regional Prospecting Update

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 17, 2006) - Nova Uranium (TSX VENTURE:NUC) is pleased to report that follow up exploration of the Mount Laurier Uranium Property's regional airborne anomalies is near completion. For months now, Nova's field crews have been systematically evaluating the radiometric and magnetic anomalies identified by the property wide airborne geophysical survey, which detected some 38 uranium anomalies. Of these 38 uranium anomalies, five have been identified as high priority, fourteen as medium priority, eight as low priority and eleven of no merit.

The five high priority anomalies include the following zones: Dyke 18 Complex, No.1, Tom Dick and Anomalies 12 and 13 (these two anomalies are located within the historical JRB-4 area). These five anomalies have been the focus of intense surface exploration work including prospecting, line cutting, ground based scintillometer surveys, hand and mechanized trenching, surface rock sampling, geological mapping, and in the case of the Dyke 18 complex, extensive diamond drilling. Bedrock uranium mineralization has been observed at all of these showings and is most often associated with pegmatite sills and/or dykes. Nova plans to conduct preliminary drilling on most of these high priority anomalies. Nova will review the status of the medium and low priority anomalies over the coming months, particularly after the receipt of analytical results for surface rock samples.

The Phase Two drilling program, started in early October, will continue until mid-December, pausing for the Christmas holidays. To date, a total of 15 Phase Two holes have been drilled; twelve holes on the Dyke 18 Complex and three holes on the South 18 Zone (located about 350 metres south of the Dyke 18 Complex). The drill has been moved to Anomaly 13 and drilling commenced on November 16th. Over the remaining weeks of this field season, Nova intends to drill test as many of the high priority anomalies as possible. No analytical results from samples collected from Phase Two drill core have yet been received, due to unusually long laboratory delays.

Mr. Michael Moore, PGeo 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


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

Contact Information

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