2006 DDN (Pre-listing)
2005 DDN (Pre-listing)
Feb 19, 2013
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| ||July 24, 2008|
Uranium North Starts Drilling at South Baker, New Uranium Mineralized Zones Intersected in First Drill Hole
| ||Vancouver, July 24, 2008 --Uranium North Resources Corp. (UNR -- TSX-V) announces that the 2008 exploration drilling program on the Company's 100% owned South Baker property in Nunavut is underway. The first drill hole on the KAM South uranium prospect intersected basement rocks with zones of anomalous radioactivity associated with extensive alteration. |
The zones with elevated radioactivity occur intermittently between 149 to 180 metres down hole. The uranium mineralization is contained within an extensive hematite -- quartz -- carbonate altered zone that is brecciated locally. True widths are not yet known. Assay results are pending. Drill hole KAM-1 was drilled to the northwest dipping at -45o and was terminated at 202 meters.
The exploration target at KAM is an interpreted 2 kilometre long structure coincident with radioactive boulders assaying between <0.1 to 3.5% U3O8. The first hole was drilled into the eastern margin of the structure. Initially four drill holes were planned for KAM, however, due to this early success, more drill holes are being planned. Three additional holes are planned to test the eastern side of the structure and two holes are planned to test the western side.
W.E. Brereton, P Eng, of MPH Consulting Limited is Uranium North's qualified person with respect to this project and has reviewed and approved the technical information in this release.
About Uranium North
Uranium North has rapidly advanced a large property portfolio bringing 3 projects to the drill ready stage. Uranium North's key properties are located in Nunavut and Saskatchewan, which the company considers to be the most geologically prospective and politically supportive uranium mining and exploration districts in Canada
On behalf of Uranium North Resources
President and CEO
Uranium North Resource Corp
Corporate Communication- Heather Kays
Tel: 604 484-7120
Fax: 604 484-7143
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release
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, exploitation 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, exploitation and 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
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