ACQUISITION OF NORTH HANSEN ANDHIGH PARK URANIUM...

ACQUISITION OF NORTH HANSEN AND
HIGH PARK URANIUM DEPOSITS
Highlights
�� Company secures a 100% interest in the North Hansen
Uranium Deposit
�� Initial exploration target of 5-7 million pounds of U3O8
for the new project area that covers the North Hansen
Uranium Deposit
�� Company also secures a 100% interest in the High Park
Uranium Deposit
�� Initial exploration target of 1-1.5 million pounds of U3O8
for the new project area that covers the High Park
Uranium Deposit
�� Company upgrades the exploration target estimate for
its projects in the Canon City uranium mill area to 25-30
million pounds of U3O8
�� Anticipates progressively converting this target estimate
to JORC-compliant by end of 2007
Black Range Minerals Limited is very pleased to advise that it has
secured a 100% interest in the mineral rights covering the highgrade
North Hansen and High Park Uranium Deposits in
Colorado, USA (see Figure 1). The Company now holds a 100%
interest in the mineral rights for approximately 7,680 acres in the
Canon City uranium mill project area.
Based on results from considerable historic drilling and previous
mineral inventory calculations the Company has determined an
initial exploration target of 5-7 million pounds of U3O8 for the
North Hansen Uranium Deposit and an initial exploration
target of a further 1-1.5 million pounds of U3O8 at the High
Park Uranium Deposit.
These two deposits are both located within 20 kilometres of the
Company’s 100% owned Taylor Ranch Uranium Project. As a
result of their acquisition the Company has increased its
exploration target estimate for its projects in the Canon City
uranium mill area to 25-30 million pounds of U3O8.
The Company anticipates finalising a JORC-compliant resource
for the Taylor Ranch and Picnic Tree Project areas during the third
quarter of 2007. It will then aim to convert the entire 25-30 million
pound target estimate to a JORC-compliant resource by the end of
2007.