🕐29.07.09 - 07:16 Uhr

Monaro Mining [ASX: MRO] - Apache Basin Uranium Project (Arizona, USA) yielding positive results



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Monaro Mining [ASX: MRO] - Apache Basin Uranium Project (Arizona, USA) yielding positive results

Monaro Mining NL (ASX: MRO) announced today that exploration on the Apache Basin uranium project is yielding a number of positive results.

The exploration effort is being funded by Vale Exploration Canada Inc (�VEC�), a wholly owned subsidiary of Vale S.A.

(�Vale�), which has met its first year funding commitment of US$750,000.

HIGHLIGHTS:

� Field evaluation of uranium prospects and anomalies from airborne survey on-going
� Rock chip sampling detects values up to 0.20% U3O8
� Permitting to enable drilling to commence on the Jim and Bull claims progressing
� Vale completes its first year funding obligation of US$750,000

For further information please contact:

Jim Malone
Chairman
+61 4 19537714

or

Mart Rampe
Executive Director
+61 2 4647 9566

Media Enquiries: Fortbridge � Bill Kemmery on +61 2 9331 0655 or


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