Uranium North Mobilizes for Drilling at the Amer Lake Project
10 May 2011 - 11:59PM
Marketwired
Uranium North Resource Corp. ("Uranium North" or the "Company")
(TSX VENTURE: UNR) announces that it has mobilized fuel and
drilling supplies to the Amer Lake property in Nunavut. Contracts
and permits have been finalized for the program. The drill and crew
are expected to arrive on site the first week of June to begin
drilling operations.
"This is a low cost program that will attempt to expand the Main
Zone deposit by 100%," says Mark Kolebaba, President and CEO of
Uranium North Resources.
The planned program will begin with approximately 2,500 metres
of reverse circulation drilling. The drill program will test a
southern extension of the Main Zone deposit where previous drill
results returned up to 0.29% U308 (see news release dated January
14, 2009). The Company has mobilized sufficient fuel and supplies
to the region providing the option to increase the program to 5,000
metres.
Bruce Kienlen, P.Geol and/or Graham Gill, P.Geo, are Qualified
Persons as defined by National Instrument 43-101 reviewing data for
this project.
About Uranium North
Uranium North is exploring five gold properties of which two are
candidates for drilling. In addition, the Company is planning an
aggressive expansion program on its 100% owned Amer Lake uranium
property.
On behalf of Uranium North Resources
Mark Kolebaba, President and CEO
Forward-Looking Information
This release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statements of historical facts, that address exploration
drilling, activities and events or developments that Uranium North
Resources Corp (the "Company") expects to occur, 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 market prices, exploration
successes, and continued availability of capital and financing and
general economic, market or business conditions. Investors are
cautioned that any such statements are not guarantees of future
performance and actual results or developments may differ
materially from those projected in the forward-looking statements.
The Company does not assume any obligation to update or revise its
forward-looking statements, whether as a result of new information,
future events or otherwise.
Neither the 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.
Contacts: Uranium North Resource Corp. Heather Kays Corporate
Communication 604-484-7120 604-484-7143 (FAX) info@uraniumnorth.com
www.uraniumnorth.com
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