Editors Notes: Thelon Ventures Ltd. (TSX-V: THV) (Frankfurt: TFH) now appears disproportionately undervalued relative to the magnitude of its holdings, J.V.'s, prospects, and developments. Thelon's management has added several quality uranium projects and maximized shareholder value by keeping the outstanding shares to only 60M. Now trading at under a mere $0.15 cents, the market cap of Thelon is poised for upside valuation movement with a number of potential catalysts currently in the works; see Recent Headlines:

"Successful Radon Survey Identifies Four High Priority Targets" [See Oct 29 Release]
"The Drill is Turning on Pasfield Lake Uranium Project" [See Sept 12 Release]

Thelon possesses 5  highly prospective projects of significance that are likely to generate near term catalysts for investors involved now:

See continued review of Thelon Ventures' projects & related URLs below

 

To have a complimentary investor package on Thelon Ventures Ltd. sent to you CLICK HERE

Thelon Ventures Ltd.

TSX.V:iTHV    Frankfurt: TFH

      Thelon Ventures Ltd. is a successful Canadian mining and exploration company whose management has acquired, and currently is exploring, properties of merit located in regions that are proven to host world-class producing mines. cing mines.

       The Pasfield Lake uranium project is turning out to be a very exciting uranium venture as results from the 2007 winter drill program confirms depth to basement of 300 meters (previously thought to be 800 - 900m) and the existence of 3 fault zones. THV's Pasfield Lake project is at the western margin of the Wollaston-Mudjatic magnetic low transition zone, within which all of the major uranium deposits in the eastern Athabasca Basin occur. On the basement floor there is a 500 foot uplift in the basement rock, pushing it up to 300 meters from the surface. We know there is uranium somewhere because of the moss creek radon and helium anomaly; there is a likelihood of Thelon's Pasfield Lake property being the source and their JV partner headed by the leading expert on uranium in the Athabasca Basin, Dr. Micheal Gunning, will be going back to drill this summer.

       Pasfield Lake was first drilled in 1977 after the highest radon and helium anomalies in the Basin were discovered at what is known as Moss Creek. The past operator drilled holes directly on top of the anomalous readings and placed depth to basement at 800 - 900 meters. Since then Thelon and their joint venture partner have performed airborne surveys, AMT work, airborne gravity work, now drilling and the data just kept getting better. The JV partner committed to this exploration work and drilling in return for a graduated interest. The JV partner is currently at 60% ownership and will be required to spend a considerable amount more to earn up to 80% (see recent news release of drilling on now). Such a business arrangement is obviously wise and beneficial to THV as it allows them to maximizing shareholder value while avoiding dilution and risk.

Thelon's Sept 12 press release "The Drill is Turning on Pasfield Lake Uranium Project" reveals one of the most exciting uranium stories currently being played out in the Athabasca basin. Earlier in 2007 Thelon was able to confirm the geological structure below their Pasfield Lake project has 3 fault zones with depth to basement of 300m and evidence supports the postulation of professionals regarding a significant uranium deposit under the lake.
 
There is a whole checklist of geological markers one needs to see when looking for uranium and Thelon's Pasfield Lake project has checked off all of them minus hitting the uranium. Thelon's JV partner headed by the leading expert on uranium in the Athabasca Basin, Dr. Micheal Gunning, is currently undergoing the aforementioned Sept 12 drilling program which is expected to take approximately 8 weeks to complete.

 

EXCERPT from news in Q2 2007 that confirmed the geological structure, providing evidence which supports the postulation of professionals regarding a significant uranium deposit under the lake: Copy from source    Drilling is Complete and More is Planned at Pasfield Lake Uranium Property VANCOUVER, BRITISH COLUMBIA - Thelon Ventures Ltd. (TSX VENTURE:THV - News; FRANKFURT:TFH - News) is pleased to summarize exploration results on its Pasfield Lake Uranium Project in Saskatchewan. The winter exploration program at Pasfield Lake has been successfully completed. Encouraging results, from this program, has accelerated the planning for follow-up phase two drilling program in the summer of 2007.   The Property is located in the eastern Athabasca Basin in northern Saskatchewan. It is 60 kilometres northwest of the Cigar Lake Mine, the second largest high-grade uranium deposit in the world. The Athabasca basin region of Northern Saskatchewan hosts the richest uranium ore deposits in the world and accounts for approximately 28 per cent of the world's annual mine production of uranium.   The 2007 winter program of AMT (audio magnetotellurics) ground geophysics and diamond drilling follows up a 1,116 line-kilometre airborne V-TEM survey completed completed by Geotech Ltd. in January 2006, and a 1,616 line-kilometre airborne 3-D Full Tensor gravity gradient survey completed by Bell Geospace Inc. in January, 2007. Four AMT transects were completed for a total of 63 line-kilometres. Four diamond drill holes were drilled for a total of 1,604 metres by Hy-Tech Drilling Ltd. of Smithers, BC.   Results from exploration work on the Pasfield Lake property confirm the potential for unconformity type uranium deposits. The key factors include:   The basement high is located at a depth of approximately 300 metres, compared with depths to basement of 900 metres in the region. Drilling intersected prospective rocks in the form of graphitic meta-pelites in the basement rocks with strongly graphitic fracture zones. Faulting, to provide potential structural traps, is present. Electromagnetic conductors are interpreted to be coincident with faulting. Pervasive bleaching is present in basement rocks at the unconformity in all holes. Hematite-filled breccia is present in basement granite gneiss in Hole PF07-003, which was terminated in a soft, bleached, intensely clay-altered, chloritic granitic gneiss.   Rock samples have been submitted for geochemical analyses. In addition samples will be subjected to spectral analysis to determine the clay alteration products in the alteration detected in the drill holes. These are standard techniques used in the search for high grade unconformity style uranium deposits which are found in Saskatchewan.   Previous exploration in the region in the 1970's identified a strong, large radiometric anomaly at the spring-fed headwaters of Moss Creek some 12 kilometres northwest of Pasfield Lake. Results included coincident anomalies of radon in water, uranium in stream sediment and radioactive surface moss along the same three kilometre stretch of Moss, along with helium in near-by soil gas. It was proposed that the uranium source for the Moss Creek anomaly is under Pasfield Lake, based on a regional groundwater study.   The presence of graphitic meta-pelites, strong alteration, basement uplift, faults which post-date and offset the unconformity, north-south features oblique to the northeast regional grain (such as at Millennium), and east-west shear zones oblique northeast-trending regional faults (such as at Moore Lake, Key Lake and Cigar Lake), together with the strong radiometric anomaly at Moss Creek with a source inferred to be under Pasfield Lake, all contribute to making Pasfield a compelling uranium exploration target.   The four key areas to be tested in future drill programs are: 1. The on-land southern portion of Cable Bay Shear Zone where a vertical offset of 600 metres or more is evident. 2. The north-south fault inferred from gravity and proven by drilling in the central portion of the uplift block. 3. The east-west internal step faults and parallel V-TEM conductors in the northern part of the block. 4. The southeastern margin of the uplift block.   Triex Minerals Corporation (TSX VENTURE:TXM - News) has the right to acquire an 80% interest in the Pasfield Lake property from Thelon Ventures Ltd. Triex currently owns 51% and is the Operator. The property now includes a total area of 66,811 hectares   ... CLICK HERE TO SEE COMPLETE COPY FROM SOURCE

For a full review of Thelon Ventures Ltd.'s projects see the related URL's:

1) Pasfield Lake Uranium Project Athabasca Uranium Basin, Sask.	2) Four Corners Uranium project Utah
3) Woodruff Springs Uranium Project Utah	4) White River Valley Uranium Project Nevada

5) Lac De Gras Diamonds Project

NWT