KELOWNA, BC, June 3, 2014 /CNW/ - MPVC Inc. (TSXV
: UNO) ("MPVC", the "Company") is wishes to report that the drill
program has now been suspended for break up at the Company's
Northwest Manitoba Uranium project which was recently optioned from
CanAlaska Uranium Limited.
The onset of spring has forced the suspension of the Company's
drill program. Thinning ice and challenging overburden only
allowed one diamond drill hole beneath Maguire Lake to reach bedrock. As such the
vast majority of the high priority drill targets under the lake
will only be tested this coming winter.
However, there are numerous high priority targets on land that
the Company intends to commence testing once break up is
complete. These targets consist of often coincident
resistivity lows, gravity lows and high radon results. There
are in excess of 15 high priority targets that will each require
multiple holes to test.
During this break in field work the drills are being modified
and re-tooled to better handle the unexpectedly challenging
overburden.
MPVC looks forward to commencing the testing of the on land
targets.
MPVC is also pleased to announce that it has a new website at
www.northernuranium.com.
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.