2006 DDN (Pre-listing)
2005 DDN (Pre-listing)
Feb 19, 2013
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| ||July 08, 2011|
Uranium North Reports Scintillometer Readings Indicate the Amer Lake Main Zone Deposit Extends to the Southeast
| ||Vancouver, BC, July 8, 2011 - Uranium North Resource Corp. ("Uranium North" or the "Company") (TSX-V: 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*. 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*. 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 U3O8 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) 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.
* 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
Uranium North Resource Corp
Corporate Communication- Heather Kays
Tel: 604 - 484 - 7120
Fax: 604 - 484 - 7143
"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."
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.
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