Nova Uranium Corporation
TSX VENTURE : NUC

Nova Uranium Corporation

July 17, 2008 11:02 ET

Nova Uranium Corporation: Quebec Airborne Geophysical Surveys Completed

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 17, 2008) - Nova Uranium (TSX VENTURE:NUC) is pleased to provide a mid-summer update for the 2008 uranium exploration programs for its Quebec Canada uranium projects: Fortune, Pom Pom and Otish Mountains. The airborne geophysical surveys are now complete on all three projects and ground work by geological crews is ongoing.

With the airborne magnetometer - radiometrics geophysical surveys complete on all projects, Nova has moved its exploration staff north from the Fortune Property to commence work on the Pom Pom groups of claims. The field crew is now actively following up both the historical and newly defined uranium-related anomalies at Pom Pom. Exploration efforts for the Otish Mountain groups of claims is planned to start in mid-August. The objective of these fast paced exploration efforts is to define uranium targets worthy of diamond drilling commencing as early as this fall. Nova has committed about one and half million dollars to this exploration season for its Quebec uranium exploration efforts.

Fortune Uranium

The ground follow up of the airborne anomalies is now complete at the Fortune Uranium property. These exploration efforts have verified earlier work which identified numerous and consistent north trending, sub-vertical, uraniferous pegmatite dykes and/or sills, which are semi-concordant with the Pre-Cambrian host rocks. These uranium enriched pegmatite bodies poke through the local soil cover and forming 'windows' of rock outcropping hills. Field crews have identified four major zones of surface radioactivity, which range in length from 400 to 2,800 metres. Rock samples collected from these zones have been submitted to the laboratory for analyses. Importantly, Nova has submitted permit documents to gain authorization to drill as many as 36 shallow inclined diamond drill holes on the four priority zones. As reported in an earlier news release, analytical results of 29 rocks collected by Nova during an early property assessment has shown that the radioactive pegmatite dykes contain values of uranium oxide ranging from weakly anomalous to has high as 1.38 lbs/t (0.069%), with an average of 0.61 lbs/t (0.031%). The Fortune Uranium project is a large, bulk tonnage uranium target that could be potentially be mined using low cost, open-pit mining methods.

The Fortune Uranium Property is located about eight kilometres north of the St. Lawrence River. It consists of three claim blocks, covering 3,864 hectares (9,548 acres) of private rural land and is criss-crossed by an excellent network of gravel and paved roads. The project is only a few kilometres north of the industrial community of Portneuf.

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 www.Novauranium.com.

ON BEHALF OF THE BOARD

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
    Website: www.Novauranium.com