LAS VEGAS (PRWEB) December 10, 2007
The Wilson Creek area was first explored and mined in the 1950s. More recently, it was explored by Wyoming Minerals Corporation, a division of Westinghouse, in the late 1970's. 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 Wilson Creek lease is one element of an integrated land acquisition strategy in Gila County. Wave Uranium management expects a joint venture for the Gila County Project with several potential partners who have an interest in this area. The Company believes it can retain up to 50% interest in this project while offloading a substantial portion of the costs associated with the acquisition and development, allowing the company to participate in more projects at lower costs to the company and minimum dilution to the shareholders.
About The Company:
Wave Uranium is a Las Vegas, Nevada based exploration and development company that is focused on the acquisition of world class properties in well known prolific mining areas known for uranium in North America. Wave Uranium is actively acquiring claims in many of the most prolific mining areas for Uranium in North America.
Wave Uranium has assembled a team of geologists and directors with proven track records in exploration and mining programs as well as 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.