GOLDEN, Colo., Apr 15, 2008 -- BUSINESS WIRE
New Horizon Uranium Corporation (TSX VENTURE:NHU) is pleased to announce
that the Company has acquired the Buck and the Wild Horse uranium properties
by staking Federal mining claims. The Buck property in Montrose County,
Colorado and San Juan County, Utah is an area of earlier underground uranium
mining in the 1950's at the northwest end of the Paradox Valley. The Wild
Horse Property in Humboldt County, Nevada is in an area of previous uranium
exploration by Exxon Corporation and adjacent to historic gold and mercury
mining. Both properties have no drilling on them and mapping and additional
prospecting work is planned for the summer of 2008.
Bill Wilson, President and COO of New Horizon said, "The Buck property is
less than twenty miles from the Pinon Ridge Uranium Mill now being developed
by Energy Fuels Corporation near Naturita, Colorado and is another
opportunity for New Horizon to add to its exploration activities on the
Colorado Plateau. Records of limited drilling in the area of the Buck
prospect were encouraging."
"The Wild Horse property is located in the area of volcanic hosted uranium
mineralized areas of northern Humboldt County drilled in the 1980's. An
early exploration project, the Company controls 5,000 acres and there is
evidence of uranium mineralization through our early prospecting."
New Horizon also announced that it has changed the name of its geophysical
logging company from "Eagle Geophysical Logging, LLC" to "WellProbe, LLC"
due to a conflict of names with another geophysical company. New Horizon
owns 50% of WellProbe, LLC with Mesa Uranium Corp. owning the other 50%.
Qualified Person
This press release has been reviewed by William R. Wilson (Aus.I.M.M.), the
Company's President and Chief Operating Officer and a "qualified person" (as
such term is defined in National Instrument 43-101).
The TSX Venture Exchange has not reviewed and does not accept responsibility
for the adequacy or accuracy of this release.
This summary contains forward-looking statements; these statements relate to
future events or future performance and reflect management's current
expectations and assumptions. Such forward-looking statements reflect
management's current beliefs and are based on information currently
available to the management of New Horizon. A number of factors could cause
actual events, performance or results to differ materially from the events,
performance and results discussed in the forward-looking statements. These
forward looking statements are made as of the date hereof, and New Horizon
does not assume any obligation to update or revise them to reflect new
events or circumstances.
SOURCE: New Horizon Uranium Corporation
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