Jul 7 2006
Northwestern Mineral Ventures has announced that it has commenced exploration at its North Rae Project, a highly prospective uranium property located in the Ungava Bay region of northern Quebec, Canada.
In cooperation with its joint venture partner Azimut Exploration Inc., Northwestern intends to test a new geological model that has been identified using proprietary methodology. The methodology incorporates both province-wide and area-specific data from the Quebec government that revealed as much as 0.75% U3O8 (uranium oxide) in nearby lake sediments.
The summer work program is expected to include a lake sediment survey, an airborne electromagnetic survey, soil prospecting and a ground geophysics survey. The final results, when compiled and analyzed, will be used to modify and further refine the innovative Azimut-Northwestern geological model. Northwestern's budget for this first phase of exploration is approximately C$400,000.
The North Rae Uranium Project consists of three blocks representing 668 claims, with a total area of 73,835 acres (29,880 hectares). Northwestern has the right to earn up to 65% ownership of North Rae, as announced in a press release dated March 6, 2006.
http://www.northwestmineral.com