June 28, 2007 Pete Webb, Webb PR, 303-796-8888
Focus for 2007 on preliminary environmental data and public information for Centennial Project
DENVER, COLO. –POWERTECH URANIUM CORP. (TSX VENTURE: PWE)(FWB: P8A), is pleased to announce that, through it's wholly owned subsidiary, Powertech (USA) Inc., it has received authorization from the Colorado Department of Natural Resources’ Division of Reclamation Mining and Safety (DRMS) to proceed with drilling monitoring wells for its proposed Centennial Project in northeastern Colorado. In addition, Powertech announced today that it has selected a public relations consulting firm and launched an information line in preparation for the permitting stage of the Project.
The proposed Centennial Project encompasses 5,760 acres of uranium mineral rights in Weld County. The DRMS approved Powertech’s Notice of Intent to drill 23 additional monitoring and aquifer test wells. These new wells, along with 26 existing monitoring wells that are currently being rehabilitated, will be used for groundwater data collection in advance of preparing permit applications for in-situ recovery. In-situ recovery is a means of mobilizing and pumping uranium from underground ore bodies and pumping it to the surface for further processing.
The wells will sample water from multiple aquifers at multiple depths, and computerized data will define the hydrological characteristics of the uranium ore zone, ground water flow and the surrounding strata. The wells also will regularly obtain small water samples for further analysis.
A drilling contractor has been selected, and drilling is expected to commence in late June or early July. The drilling process is anticipated to take four to six weeks once work begins.
Preliminary environmental data collected from the wells and through other processes through mid-2008 will become the basis of the multiple reports required to apply for recovery permits and the required federal, state and local agencies. If the Centennial Project gains the required approvals, data collection will continue through the life of the project and for years afterward.
Powertech intends to submit the necessary permit applications for in-situ operations to the U.S. Environmental Protection Agency, the Colorado Department of Public Health and Environment, Colorado Department of Natural Resources and Weld County in the second half of 2008.
Support team selected
Powertech has selected strategic communications agency Peter Webb Public Relations to develop its community-relations and media-relations plans surrounding the Centennial Project. Webb PR’s team has extensive experience hosting public meetings, and coordinating the public aspects of permitting and siting, especially with mining companies.
The company previously announced the selection of Denver-based environmental engineering firm,
R Squared Incorporated
(R2), for the purpose of data collection and analysis for the Centennial
Project. The agreement with R2 covers collection, environmental impact
analysis, cost/benefit studies and permit applications. R2’s key
engineers and environmental scientists each have more than 30 years of
experience in their fields.
Powertech launches project call line
Members of the Weld County community and interested parties seeking information on the Centennial Project may call the newly-launched information line at 303-898-4240 or toll free 1-877-798-4240. Messages left will receive a response within 24 hours, Monday-Friday between 8 a.m. and 5 p.m. MDT.
On July 19, Powertech will host an open-house meeting to give members of the public the opportunity to personally meet its team and learn facts on the Centennial Project proposal. The meeting will take place at the Nunn Town Hall. Additional meeting details will be circulated to community members and news media soon.
About Powertech Uranium Corp.
Powertech Uranium Corp. is a Vancouver-based mineral exploration and development company that holds the Dewey-Burdock Uranium Deposit in South Dakota, the Centennial Project in Colorado and the Dewey Terrace and Aladdin Projects in Wyoming. The company's key personnel have a combined 200 years of experience in the uranium industry throughout the United States, and have brought more than 12 in-situ operations to both mining and closure stages. For more information, please visit http://www.powertechuranium.com/.