NewswireToday - /newswire/ -
Sarasota, FL, United States, 2006/12/20 - Northwestern Mineral Ventures CEO Marek Kreczmer praises his company’s exploration prospects in the Republic of Niger (Africa), but won’t know for another six to twelve months whether or not there is significant uranium in place.
In a taped audio interview, Northwestern Mineral Ventures (TSX: NWT; OTC BB: NWTMF) CEO Marek Kreczmer told StockInterview, “It will take another six to twelve months to find out whether or not we have significant uranium in place.” In reviewing the past year’s exploration in the Republic of Niger, Kreczmer feels lucky about the radioactivity the company has found in the first four of 17 areas of the company’s 4,000-square-kilometer concessions. “We have 17 distinct uranium-bearing projects,” Kreczmer told StockInterview.
“We have identified an extremely interesting structure, which holds high anomalous radioactivity,” he said. Kreczmer said the company doesn’t have assays yet, but hopes to have them in early 2007. He also said the company plans to drill a number of holes in 2007 in the land-locked sub-Saharan country on the company’s 100-owned Gall and Irhazer concessions.
Kreczmer also discussed the company’s exploration for uranium at the North Rae property in Quebec, Canada.
Stockinterview.com is an online news service, which provides investigative reporting, editorial, analysis and provocative commentary of the nuclear fuel cycle, uranium mining, nuclear power, the environment and the natural resource industry. From time to time, StockInterview.com editors cover biotechnology and other sectors. Northwestern Mineral Ventures was featured in StockInterview.com’s 304-page trade softcover edition of “Investing in the Great Uranium Bull Market,” please visit our bookstore section.
About Northwestern Mineral Ventures
Northwestern Mineral Ventures (TSX: NWT; OTC BB: NWTMF) has been exploring potential uranium-mineralized properties in Canada and the Republic of Niger in 2006. NWT closed at C$0.58/share on Tuesday, down nearly five percent and trading more than 384,000 shares.