Universal Approved to Commence Drilling Nevada Gold Property
18 August 2009 - 3:00PM
Marketwired
Universal Uranium Ltd. (TSX VENTURE: UUL) ("Universal Uranium") is
pleased to report that its Notice of Operation for proposed
drilling on its newly acquired Tact Project in Humboldt County,
Nevada has been accepted by the Bureau of Land Management office in
Winnemucca. Universal is currently bonding the proposed activities
with the State Bureau Land Management office which includes 15 to
20 reverse circulation drill holes from 15 permitted sites within
the project boundary. The total program is estimated at 7,000 to
8,000 feet (2135 to 2439 meters). This program will test four
separate targets previously defined by historical work. Three of
the targets are surface gold anomalies with grades up to 4.5 g/t
gold. The fourth target will test a pediment structure defined by
geophysical surveys. Construction of access roads and drill sites
will start by August 20th and the drill program is estimated to
begin in early September.
Tact-Buff Property
The Property is located in Buffalo Valley approximately 5 miles
southwest of Newmont Mining's Lone Tree gold mine Complex (2
million ounces mined) and 3 miles northwest of Newmont's Converse
deposit (4.5 million ounce resource). Other nearby gold mines in
operation include the Marigold Complex (over 4.25 million ounces)
operated as a joint venture between Barrick Gold Corp. and Goldcorp
Inc. (See map at www.universaluranium.com). The project area
contains host rocks identical to the above mentioned mines and
previous work has outlined gold in outcrop, within soil grids and
limited drilling programs.
The Company's board of directors has decided that the Company
will focus on gold exploration in Nevada. With that focus in mind,
they have decided not to renew the Utah uranium claims or the
Potash claims in Western Newfoundland.
Bert Jeffries P. Geo, a qualified person as defined by National
Instrument 43-101 ("NI 43-101"), has reviewed and approved the
technical content of this news release.
ON BEHALF OF THE BOARD:
Ronald Atlas, President & Chairman of the Board
For all the latest news visit Universal's web site at:
www.universaluranium.com
Request Information Package: E: info@universaluranium.com
Shares Issued and Outstanding: 47,084,068
Standard & Poor's Listed
Issued Share Capital: 47,084,068
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Universal Uranium Ltd. William Galine Executive Vice
President (604) 662-3903 (604) 662-3904 (FAX)
bgaline@universaluranium.com www.universaluranium.com
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