LAS VEGAS (PRWEB) December 17, 2007
The uranium deposits in the Dripping Spring Quartzite were first explored and mined in the 1950s. More recently, the district was explored by Wyoming Minerals Corporation, a division of Westinghouse. Wyoming Minerals Corporation acquired large property holdings in Gila County and explored the area extensively during the late 1970s. Westinghouse estimated the reserves for their Gila County holdings at nearly 4.5 million pounds of U3O8 probable, nearly 12 million pounds possible and more than 39 million pounds speculative.
The Gila County claims are key elements of Wave Uranium's integrated land acquisition strategy in Arizona. Wave Uranium's management expects to joint venture the Gila County Project with one or more partners. This strategy is designed to enable the Company to participate in more projects at lower costs and minimize dilution to its shareholders.
About Wave Uranium:
Wave Uranium is a Las Vegas, Nevada based exploration and development uranium company. The Company is actively acquiring world class uranium properties in prolific mining areas in North America.
Wave Uranium has assembled a team of geologists and directors with proven track records in areas of mineral exploration, mining programs and accessing global capital markets.
Safe Harbor: Except for the historical information contained herein, the matters set forth in this press release, including the description of the Company and its product offerings, are forward-looking statements within the meaning of the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including the historical volatility and low trading volume of our stock, the risk and uncertainties inherent in the early stages of growth companies, the Company's need to raise substantial additional capital to proceed with its business, risks associated with competitors, and other risks detailed from time to time in the Company's most recent filings with the Securities and Exchange Commission. These forward-looking statements speak only as of the date hereof. The Company disclaims any intent or obligation to update these forward-looking statements.