NWT Uranium Corporation
Mexico
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Picachos Project

NWT Uranium Corp. negotiated an option to earn 70% interest in the 19,000 acre (7,700 hectare) silver-gold Picachos project in Durango, Mexico.

Soil geochemical surveys and chip-channel sampling conducted in 2005 at Picachos significantly expanded the property's potential and defined epithermal precious metal districts on four adjacent areas: Los Cochis, Guadalupe, El Toro and El Pino.

Further exploration, including drilling, in 2007 at the Los Cochis area has revealed the potential for a near-surface, bulk tonnage polymetallic (silver-lead-zinc) area that would be amenable to open-pit mining.

The property represents NWT Uranium's first initiative into the emerging Latin American gold region, an area in which PricewaterhouseCoopers recently said a significant portion of the world's exploration dollars are being spent. This investment is supported by industry confidence in the traditionally under-explored, higher quality assets available in this area of the world.

NWT Uranium Corporation