Wave Uranium Acquires Wilson Creek Property in Arizona
LAS VEGAS (Business Wire EON/PRWEB ) December 10, 2007 --
Wave Uranium (OTCBB:WAVU) announced today they have acquired 100%
interest in 10 claims herein known as the Wilson Creek Property in Gila
County Arizona.
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.
See the original story at: http://eon.businesswire.com/releases/uranium/gila_county/prweb575486.htm
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