KELOWNA, BC, May 14, 2014 /CNW/ - MPVC
Inc. (TSXV : UNO) ("MPVC", the "Company") is pleased to report
that drilling has commenced at the Company's Northwest Manitoba
Uranium project which was recently optioned from CanAlaska Uranium
Limited.
Drilling
A diamond drill rig has commenced drilling at the Maguire Lake
focus area within the Company's Northwest
Manitoba project. The drill is targeting anomalies
generated by the geophysical (magnetic, electromagnetic, gravity
and radiometric), geochemical (AlphaTrack and RadonEx) and
prospecting programs. Initially, targets beneath the lake are
being tested while winter conditions exist.
In addition, a rotary air blast drill rig is now being mobilized
to site. This drill will be focussed on rapidly testing
shallow targets.
Ground Gravity Survey
MPVC has now received the results of the ground gravity survey
designed to connect the three previously collected blocks of
gravity data. This survey has tied together the existing
surveys well and has not only extended previously identified
gravity lows thought to potentially reflect alteration zones
associated with uranium mineralizing fluids but has also discovered
new gravity lows.
The technical information and results reported here have been
reviewed by Chad Ulansky, PGeol, a
qualified person under National Instrument 43-101, who is
responsible for the technical content of this release.
Dr. Charles Fipke
Consultant Geologist
Forward Looking Statements
Some of the statements contained herein may be forward-looking
statements which involve known and unknown risks and
uncertainties. Without limitation, statements regarding
potential mineralization and resources, exploration results, and
future plans and objectives of the Company are forward looking
statements that involve various risks. The following are
important factors that could cause the Company's actual results to
differ materially from those expressed or implied by such forward
looking statements: changes in the world wide price of mineral
commodities, general market conditions, risks inherent in mineral
exploration, risks associated with development, construction and
mining operations, the uncertainty of future profitability and the
uncertainty of access to additional capital. There can be no
assurance that forward-looking statements will prove to be accurate
as actual results and future events may differ materially from
those anticipated in such statements. MPVC undertakes no
obligation to update such forward-looking statements if
circumstances or management's estimates or opinions should change.
The reader is cautioned not to place undue reliance on such
forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE MPVC Inc.