Nyah Resources Corp.

Nyah Resources Corp.

February 27, 2008 17:07 ET

Nyah Resources Announces Encouraging Initial Assays from Step-out Holes at Agnew Lake Uranium Deposit

TORONTO, ONTARIO--(Marketwire - Feb. 27, 2008) - Nyah Resources Corp. (TSX VENTURE:NRU) ("Nyah" or the "Company") , www.nyahresources.com, is pleased to announce that it has received initial assays from step-out diamond drill holes testing the on-strike extension of the Company's past-producing Agnew Lake Uranium deposit.

After a successful initial Phase I drill program and completion of a NI 43-101 report on the property in late 2007, Nyah launched its Phase II drill program in November, 2007.

The Phase II program was designed to further delineate mineralized zones as well as target extensions to the known historical mined areas.

Nyah drilled 13 holes totaling 4,448 metres in the now-completed Phase II program. Full assays for the 13 holes are pending from ALS Chemex. However, within four step-out holes, select samples were quartered and fast tracked at a separate lab (Activation Laboratories "Actlabs"), for uranium values only. Sample results reported in this release represent only part of the mineralized intersection. Full analyses duplicating these analyses and representing the full mineralized zone are pending along with the rest of the assays from the other holes, which will include results on rare earth elements that were historically present at Agnew Lake.

Analyses for three of the four holes assayed at Actlabs have been received to date. These holes represent up to 100 m step-outs from the area of historic mine workings and historic resources. Continuation of the horizon further along strike to the west and at depth is encouraging.

Highlights of the step-out holes are:
Hole # From (m) To (m) Interval U (ppm) U(%) U308 (Lbs/ton)
(m)(i) (ii) (iii)
Na-08-17 349 356 7 378 0.04 0.89
including 350 354 4 508 0.05 1.20

Na-08-18 238 239 1 387 0.04 0.93
and 248 250 2 702 0.07 2.51
and 283 284 1 546 0.05 1.29

Na-08-19 301 303 2 1180 0.12 2.80
and 325 326 1 1170 0.12 2.76
and 335 337 2 627 0.06 1.48
(i)not necessarily representative of true widths
(ii) The Company notes that samples sent to Actlabs were analyzed by
"delayed neutron counting".
(iii) laboratory results are received in parts per million uranium and the
conversion to pounds per short ton U3O8 is ppm U/10,000 x 1.179 x 20

George Faught, President & CEO of Nyah Resources, stated: " These holes appear to represent potential expansion of the known historic mineralized area and the potential for expanding the historic deposit along strike. As well, the grades appear to be consistent with historic resource and mining grades."

A plan view of the Agnew Lake Property showing the Phase II drill holes (Figure 1) is attached to this press release.

Also, a longitudinal section showing estimated drill hole pierce points in the plane of previously identified mineralized zone "3" is attached to this press release (Figure 2).

Once final complete assay results are received details of the next phase of exploration will be determined. Nyah is adequately funded for a follow-up drill campaign that will continue to focus on further delineation of the mineralized zones and targeting extensions to the known historical mined areas towards determination of an initial resource estimate and of preliminary economics of the project.


Nyah uses a QA/QC program on all aspects of its exploration. Samples sent to Actlabs are received, weighed and logged in then dried at 60 degrees C. The whole sample is crushed to 80% -10 mesh (2 mm). Samples are riffle split and an approximately 250 gram sample is pulverized in a ring and puck grinding mill to 95%-150 mesh. Cleaner sand is used between every sample to avoid contamination.

Preparation duplicates are prepared 1 in 40 samples. Pulp duplicates are also prepared 1 in 20 samples. River rock is run between jobs for the crusher. In between samples the crusher is blown out with compressed air. Nyah inserted a blank and a CANMET certified standard approximately every tenth sample in both the samples sent to ALS Chemex and the samples sent to Actlabs in order to verify the reproducibility of the fast-track assays.

Actlabs is accredited to ISO 17025 with the additional CAN-P-1579 accreditation for mineral analysis labs. When performing uranium analysis by delayed neutron counting, three different CANMET certified uranium reference materials are run throughout the analytical run as control to verify the calibration which is achieved using independent certified standards.

About Nyah

Nyah is a Canadian mineral exploration company listed on the TSX Venture exchange under the symbol NRU - TSX.V.

Nyah holds a 100% interest in the Agnew Lake Uranium Property (the "Property"), consisting of seven unpatented mining claims (1,575 ha equals 3,892 acres) located approximately 40 kilometers west of Sudbury, Ontario. The Property encompasses the past producing Agnew Lake Uranium Mine. The Agnew Lake Uranium Mine was operated by Kerr Addison Mines Ltd between 1977 and early 1983 and produced approximately 1.9 million lbs of uranium from a combination of surface and in-situ leach during this time period. The Property has substantial underground infrastructure in place including a six compartment shaft to a depth of over 980 metres with development on several levels. A decline from surface to the 1,900 foot level was also developed. During the period of operation five mineralized zones were identified of which only zones 3 and 5 were developed. In addition to the past producing uranium mine, the Property covers approximately six kilometers that feature favourable geology possibly containing uranium-mineralized horizons.

The information available suggests that currently the Agnew Lake property, including the area which was mined in the past, is under-explored.


Peter Karelse, P.Geo, who is independent of Nyah, is a Qualified Person under NI 43-101 and has reviewed the technical and scientific information in this press release.

Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Nyah assumes no obligations to update the forward-looking statements unless and until required by applicable securities laws. Additional information identifying risks and uncertainties is contained in filings by Nyah with the Canadian securities regulators, which filings are available at www.sedar.com.

For further information regarding Nyah, please visit the Company's website at www.nyahresources.com.

To view the Agnew Lake Deposit Drill Hole Locations and traces in Plan View please view the following link:


To view the Agnew Lake Deposit Longitudinal #3 Zone Facing North please view the following link:


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

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