| ||March 26, 2012|
Mesa Drilling Confirms Uranium Zone at Moonshine Springs Project
| ||Mesa Exploration Corp. (TSX-V: MSA)(OTCPK: MSAJF) ("Mesa") is pleased to announce that six rotary drill holes have recently been completed at the 100% owned Moonshine Springs uranium project in northwestern Arizona. The current drilling program tested extensions of previously discovered uranium mineralization and radon soil geochemical targets. Results from the drilling program are summarized below:|
|Drill|| Depth|| Length|| U3O8|
|Hole|| (feet)|| (feet)|| (%)|
|M3|| 583|| 4.0|| 0.131|
|M3|| 620|| 2.0|| 0.058|
|M4|| 602|| 8.0|| Mineralized|
|M5|| 614|| 2.0|| 0.065|
|M6|| 606|| 6.0|| Mineralized|
|M7|| 617|| 1.5|| 0.141|
|M7|| 629|| 2.5|| 0.176|
|M8|| 592|| 8.5|| 0.013 |
M3 through M7 were step out holes approximately 100 feet in distance from previously announced holes M1 and M2 (7.5 feet of 0.21%, 4 feet of 0.47% U3O8, respectively). Wildcat hole M8 is located a distance of 1,200 feet south from the M1-M7 holes and partially tested a large radon soil anomaly. The drilling has defined a strongly mineralized north-south sandstone channel of the Triassic Chinle Formation. Based upon these encouraging results follow up drilling is planned to be done later in 2012.
The Moonshine Springs deposit is located within 2 miles of a 4 million pound U3O8 deposit owned by Dennison Mines. Both deposits occur in the same geologic setting and host rock.
This Press Release has been prepared and revised under the supervision of Dana Durgin, AIPG Certified Professional Geologist, Technical Advisor for Mesa, a Qualified Person as defined by National Instrument 43-101 guidelines.
About Mesa Exploration
Mesa is developing and exploring a portfolio of mineral properties in the United States where it controls significant land holdings. All projects are within proven mining districts with excellent access and infrastructure. Mesa currently has 14.8 million shares issued and outstanding, and no debt. For further information please visit our website at www.MesaExploration.com.
ON BEHALF OF THE BOARD
MESA EXPLORATION CORP.
(signed) Foster Wilson, President and CEO
This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, including the likelihood of commercial mining and possible future financings are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include unsuccessful exploration results, changes in metals prices, changes in the availability of funding for mineral exploration, unanticipated changes in key management personnel and general economic conditions. Mining is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. For more information on the Company and the risks and challenges of its business, investors should review the Company's annual filings that are available at www.sedar.com
For further information call:
Corporate Communications, 775-379-3993
The TSX Venture Exchange has neither approved nor disapproved of the contents of this news release.
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