UTM Complete Phase I Soil Sampling Program in Mongolia
(firmenpresse) - ULAANBAATAR, MONGOLIA -- (Marketwire) -- 05/29/12 -- Undur Tolgoi Minerals Inc. ("UTM" or the "Company") (CNSX: UTM) is pleased to announce the completion of the latest phase of its exploration program on its wholly owned 9,620 hectare Under Tolgoi license in Mongolia.
The ongoing UTM exploration program has completed the following to date:
Figure 1: Four soil anomalies defined by recent soil sampling (Gold in red, Base Metal in blue). (To view Figure 1, please visit the following link: )
The result of work to date has enabled the Company to confirm the following:
Figure 2: Satellite with magnetic overlay, OT and UTM (To view Figure 2, please visit the following link: )
Figure 3: Alteration maps of OT and UTM (To view Figure 3, please visit the following link: )
Based on exploration results to date the Company will undertake the following work program over the next three months:
Management is very pleased with the efficiency and results from the exploration program to date and certain that the summer work program will further define the areas of interest in order to identify priority drill targets.
UTM is a mineral exploration company entirely focused on Mongolia, and which through its wholly owned subsidiaries, owns 100% of the "Undur Tolgoi" mineral exploration license. This license consists of 9,620 hectares of property situated 100 kilometers from the world-scale "Oyu Tolgoi" copper and gold mine. In addition, UTM's management is actively reviewing potential acquisitions and strategic industry alliances.
Disclaimer for Forward-Looking Information
Statements containing forward-looking information express, as at the date of this news release, the Company's plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results and are believed to be reasonable based on information currently available to the Company.
Forward-looking statements and information are based on assumptions that financing and personnel will be available when required and on reasonable terms, and all necessary regulatory approvals and shareholder approval will be obtained, none of which are assured and are subject to a number of other risks and uncertainties.
There can be no assurance that forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking information.
Contacts:
Don Padgett
President and CEO
604 689-1515 ext 104
Sabino Di Paola
Chief Financial Officer
1-888-834-7708
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 29.05.2012 - 13:15 Uhr
Sprache: Deutsch
News-ID 150756
Anzahl Zeichen: 0
contact information:
Town:
ULAANBAATAR, MONGOLIA
Kategorie:
Mining & Metals
Diese Pressemitteilung wurde bisher 142 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"UTM Complete Phase I Soil Sampling Program in Mongolia"
steht unter der journalistisch-redaktionellen Verantwortung von
Undur Tolgoi Minerals Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
