Uranium North Reports Scintillometer Readings Indicate the Amer Lake Main Zone Deposit Extends to the Southeast
09 July 2011 - 3:22AM
Marketwired
Uranium North Resource Corp. ("Uranium North" or the "Company")
(TSX VENTURE: UNR) reports that the 8th hole of a planned 20 hole
program is currently being drilled on the 100% owned Amer Lake
deposit located in Nunavut. The 2011 expansion drilling program is
focused on the southeastern extension of the Main Zone resource(i).
This area is adjacent to and around drill hole UNR-15 of the
resource which returned the highest grades in the 2008 drill
program.
Based on anomalous scintillometer readings from samples
collected down hole, the mineralized horizon extends southeast of
the defined resource(i). Radioactive zones have been identified in
all completed holes with the exception of one hole that was lost
before reaching the target depth.
"The Main Zone appears to be extending to the southeast as
anticipated. Depending on the analytical results confirming the
U308 values, we hope to see a significant increase in the Main Zone
resource," says Mark Kolebaba, President and CEO of Uranium North
Resources.
Samples will be submitted to the laboratory for analysis. Upon
completion of the program and assay analysis, the drill results
will be used to calculate an updated resource estimate.
For drill hole locations (See Map:
http://www.uraniumnorth.com/s/AmerLake-Main.asp) on the Amer Lake
Main Zone page. The 8 drill holes include A1, A, B, C, N, H, I and
J.
Alan Sexton from Geovector Management Inc. is the acting
Qualified Person for the field operation. Bruce Kienlen, P.Geol,
and Graham Gill P.Geo, are Qualified Persons as defined by National
Instrument 43-101 assisting in reviewing data for this
property.
(i) See news release dated August 6, 2009.
About Uranium North
Uranium North Resources is focused on gold, silver and uranium
in Nunavut. All properties are 100% owned including the Amer Lake
uranium deposit, one of the largest uranium resources in Nunavut.
The Company will be drilling the Mallery gold/silver project, the
Nowyak gold deposit and carrying out a low cost expansion program
on the Amer Lake uranium deposit in 2011.
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 Resources Corp. Heather Kays Corporate
Communication 604-484-7120 604-484-7143 (FAX) info@uraniumnorth.com
www.uraniumnorth.com
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