VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/14/13 -- Pancontinental Uranium Corporation (TSX VENTURE: PUC) ("Pancon" or the "Company") is pleased to announce that today its Joint Venture partner, Crossland Uranium Mines Limited ("Crossland"), announced the appointment of Dr. Tony Chamberlain as Chief Operating Officer.
Tony will be responsible for the management of the Charley Creek Alluvial REE Project (Crossland (55%)/Pancontinental Uranium Corporation (45%)) through the delivery of the Scoping Study currently in progress, and a Feasibility Study expected to proceed throughout 2013 to examine the development of a mining and processing operation at Charley Creek. Tony is familiar with the Charley Creek project having been previously involved in providing technical input to the current process flow sheet.
Tony has strong project management experience following 18 years in the petroleum and mineral resource sectors involved in strategic planning, project development and metallurgical flow sheet design associated with uranium, nickel, copper, cobalt, steel and gold projects for a range of companies including WMC, BHP and Clean TeQ Mining. He has been responsible for the delivery of several feasibility studies and implementation of capital projects including an expansion at Kwinana Nickel Refinery. He holds a PhD (Metallurgy) from Curtin University, in addition to graduate degrees in Metallurgy and Applied Chemistry.
About Pancontinental Uranium Corporation
Pancontinental Uranium Corporation ("Pancon") is a Canadian-based company focused on uranium and REE discovery and development. Through a joint venture with Crossland Uranium Mines Limited ("Crossland") of Australia, this management and operating team has unparalleled experience from exploration, through development to operations, and includes people who were instrumental in the discovery of two of the largest uranium deposits in the world. Pancon and Crossland hold an impressive REE and uranium exploration portfolio with projects in prolific, mining friendly districts.
Exploration is ongoing or has occurred at three Australian projects which include Charley Creek, Chilling, and Kalabity. Charley Creek has the potential for large alluvial REE deposits, and large, lower-grade, Rossing-type, granite-hosted uranium deposits. The Chilling project has the potential to host a mirror image of a portion of the renowned Alligator Rivers Uranium Field containing the large Jabiluka, Ranger and Koongarra deposits The Kalabity project is in a district of historic uranium/radium mining that contains a variety of known uranium deposit styles.
Pancon has a 45% participating interest in this significant REE and uranium project portfolio. Pancon and Crossland are also pursuing exploration beyond Australia through an international subsidiary company, Crosscontinental Uranium Limited, and plans include formulating an exploration program in Burkina Faso.
ON BEHALF OF THE BOARD OF DIRECTORS
Rick Mark, President & CEO
Cautionary Language and Forward Looking Statements
This press release may contain "forward-looking statements", which are subject to various risks and uncertainties that could cause actual results and future events to differ materially from those expressed or implied by such statements. Investors are cautioned that such statements are not guarantees of future performance and results. Risks and uncertainties about the Company's business are more fully discussed in the Company's disclosure documents filed from time to time with the Canadian securities authorities.
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.
Pancontinental Uranium Corporation
President and CEO
604-986-2020 or 1-866-816-0118
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