Uranium North Resources Corp.

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Feb 01, 2010: Uranium North Identifies Gold Potential on KAM Pro... (more...)

Jan 12, 2010: Uranium North Identifies 24.62 g/t Gold on its Tas... (more...)

Nov 25, 2009: Uranium North Announces Option Grants (more...)

Nov 18, 2009: Uranium North Featured on CEO Clips on the Biograp... (more...)

Sep 24, 2009: Uranium North Files NI 43-101 Report on Amer Lake... (more...)

Aug 06, 2009: Uranium North Outlines 19.3 Million Pound U3O8 Inf... (more...)

Jun 23, 2009: Uranium North Completes Flow-Through Financing (more...)

Jun 10, 2009: Uranium North Identifies High Priority Targets on ... (more...)

May 28, 2009: Uranium North Announces Financing (more...)

May 27, 2009: Uranium North Completes Phase 1 Drilling at Amer L... (more...)





 June 28, 2007
Uranium North Acquires Claims Over Boulder Yielding 38% U3O8 And Provides Update For South Baker Property

 Vancouver, June 28, 2007 --Uranium North Resources Corp (UNR - TSX V) announces that it has acquired the JG property immediately north of the Company's South Baker property in Nunavut within the Thelon Basin region. The claims were staked over high grade uranium mineralized boulders ranging from less than 0.1% to 38% U3O8. The JG claims have been amalgamated with the South Baker property. A geophysical survey has been commissioned over the entire 100% owned South Baker property including the recently staked JG claims.

The South Baker property covers more than 10 historic uranium prospects. After recently completing a comprehensive and detailed review of historic data for the prospects, seven of the prospects have been selected for detailed follow-up in 2007.

"The South Baker area has become a very interesting project. On a conceptual basis, Uranium North is targeting South Baker as a strong candidate for discovering a Kiggavik- type uranium deposit," says Mark Kolebaba, President and CEO of Uranium North Resources.

The South Baker project is located 300 kilometres south of Areva Resources Canada Inc's 147 million lb Kiggavik uranium deposit. The Areva resource is comprised of six structurally controlled deposits and is currently the subject of a feasibility study. Uranium North notes with interest that 67% of the contained pounds of U3O8 at Kiggavik were found in the period 1986-1988, well after the last uranium boom as the structural controls on mineralization became better understood. The Company is of the opinion that a detailed focus on the structural setting associated with these historic uranium occurrences on South Baker will yield some very attractive targets for Kiggavik-style deposits.

The prospects on the South Baker property were originally discovered as a result of boulder prospecting. Based on historic data review, it appears that the drilling was designed to target bedrock sources of mineralized boulders found in glacial till, with little to no consideration for possible structural controls on mineralization. Uranium North's 2007 exploration program will be designed to identify drill targets associated with structural features that could control mineralization around each of the prospects. Plans include digital re-construction of previous drill hole data, airborne geophysical surveying, and detailed prospecting and mapping to define drill targets.

Highlights - Prospects selected for immediate follow-up

Hawk - 0.20% and 0.19% U3O8 over 23 m and 15 m of drill core respectively

SW Hawk - 0.25% and 0.07% U3O8 over 1 m and 2.2 m drill core respectively

L1 - 0.39% U3O8 over 4.45 m of drill core and 0.89% U3O8 over 2.5 m in surface trench

KAM - Boulders with up to 5% U3O8, minimal drilling identify 0.3% U3O8 over 1 m

JG - Boulders with visible pitchblende, values up to 38% U3O8, bedrock source not yet found
Art - 500 m boulder field with values up to 2.5% U3O8, source not yet discovered

JIM - Uranium enriched boulders, possible source identified in 1 drill hole

Below is an updated detailed summary of the seven selected prospects requiring immediate follow-up. The summary is based on a recent assessment of compiled and historic data.

Hawk Prospect
The Hawk prospect was first identified as a radioactive boulder field spanning an area 280 m by 40 m. Geochemical analysis of boulders returned values up to 4.1% U3O8. Some of the best drill holes intersected mineralization with values up to 0.2% U3O8 over 24 m and 0.19% U3O8 over 15 m. Uranium mineralization is associated with breccia zones near feldspar porphyries and occurs on the margins of breccia fragments. In addition, drill hole H10 contains 0.18% molybdenum at 18-28 m.

Upon completion of a compilation and data review, the uranium mineralization appears to be controlled by a major northwest trending fault zone. This is of considerable interest with respect to the Kiggavik model. Previous work does not appear to have considered the structural complexities of the property. Historic drill data will be further compiled to identify high priority drill targets. Field investigations in 2007 will attempt to identify structural controls on mineralization as a prelude to diamond drilling.

DDH

From

To

Metres

% U3O8

H-11

49

73

24.0

0.20%

H-22

46

57

11.0

0.21%

H-10

3

31

28.0

0.09%

H-10

45

60

15.0

0.19%

H-4

1.2

7.6

6.4

0.08%

H-15

21

25

4.0

0.11%

H-15

33

35

2.0

0.06%

H-8

2.7

3.4

0.7

0.03%

H-16

36

37

1.0

0.02%

H-36

35

40

5.0

0.15%

H-37

14

16.2

2.2

0.26%

H-37

28.9

29.5

0.6

0.06%

H-37

40.8

41.2

0.4

0.14%

Holes drilled at -90o with exception of H-11(-55o), H-22(-55o), H-37(-45o)
True thicknesses have not been determined


SW Hawk Prospect
The SW Hawk Prospect is marked by a 900 metre-long boulder train. Geochemical sampling of boulders returned values of up to 0.3% U3O8. Mineralization was intersected in four out of 15 drill holes returning values up to 0.25% U3O8 over 1 m and 0.07% U3O8 over 2.2 m.

L-1 Prospects
The L-1-prospect comprises two known uranium mineralized outcrop showings 50 m apart and boulders forming a north-south trending area 100 m by 300 m in size. Detailed mapping and prospecting identified over 150 radioactive boulders of which only 18 were sampled. Values range from 0.04% to 2.2% U3O8 with an average of 0.7%. Other significant values include 1.5%, 1.2%, and 0.84% U3O8. Both outcrop showings were trenched and chip sampled returning 2.5 m of 0.89% U3O8 and 3.5 m of 0.08% U3O8.

A total of twenty-two holes totaling 1247.86 metres were drilled in the early 1980s to extend the known mineralized outcrop zones to the north. Of the twenty-two holes, ten intersected mineralization including results of 4.45 m of 0.36% U3O8 and 10.85 m of 0.06% U3O8.

This area warrants further detailed exploration including prospecting and drilling because of the wide-spread distribution of uranium in boulders and outcrop, as well as the fact that 50% of holes drilled on this grid intersected mineralization, All historic drill logs will be captured digitally for three dimensional investigation to identify targets for drilling.

Hole

From

To

Metres

% U308

L-2

3.05

7.50

4.45

0.36

L-4

15.90

16.50

1.6

0.09

L-10

13.50

24.35

10.85

0.06

L-15

12.75

16.10

3.35

0.06

L-20

25.90

31.45

5.55

0.06

L-22

34.10

35.15

1.05

0.11

 

 

 

2.5*

0.89

Holes drilled at -45o with exception of L-10 (-90o). *Trench sample
True thicknesses have not been determined


KAM Prospect
The KAM prospect is comprised of north and south mineralized zones located approximately 900 m apart. The South Zone is defined on the surface by uranium enriched boulders extending 1600 m in an east-west trending direction. Assays from 18 grab samples collected along the southern part of the prospect have yielded values ranging from 0.03% to 4.03 % U3O8 with an average of 0.69% U3O8. Four of the drill holes at the south zone intersected uranium mineralization. Several uranium rich horizons range from 1 m to 4 m downhole with uranium values ranging from 0.06% to 0.17% including 0.44% U3O8 over 1 m. Based on drill hole data, the strike length of the mineralized zone is a minimum of 250 m and appears to be open to the south and north. The north zone is marked by a 60 m by 50 m boulder field. Assays from 11 boulders from North KAM returned U3O8 values ranging from 0.19% to greater than 5% with an average of 2.04% U3O8. A single hole drilled into the north zone encountered minor uranium mineralization in the same geological rock type as the south zone.

The airborne survey will help delineate the extent of mineralization on both North and South KAM and will help determine if mineralization is continuous between the North and South KAM zones. Additional ground work is planned to identify drill targets.

Hole

From

To

Metres

% U3O8

DDH-2

31

32

1.0

0.23

DDH-2

57

58

1.0

0.05

DDH-2

128

131

3.0

0.13

DDH-2

133

135

2.0

0.07

DDH-2

138

140

2.0

0.17

DDH-3

57

60

3.0

0.17*

DDH-5

79

83

4.0

0.17

DDH-5

86

87

1.0

0.1

DDH-5

135

138

3.0

0.07

The holes were drilled on an azimuth of 070o at a dip of -50o
True thicknesses have not been determined
*includes 1m of 0.44% U3O8


JG and GS-2 Prospects
The JG Prospect which was recently staked is defined by numerous boulders and cobbles with visible pitchblende returning values ranging from less then 0.1% to 38% U3O8. The GS-2 occurrence was found approximately 600 m east of the JG occurrence that consists of boulders returning values up to 0.072% U308.

The JG Prospect was followed up with detailed prospecting which discovered a 200 metre-long, north trending boulder train. The southern 50 m of this train was described as being the most radioactive. Drilling in the vicinity did not intersect significant mineralization. At the end of the 1978 field season it was suggested that the mineralization came from a small high grade mineralized pocket, likely of local origin. It has been recommended to Uranium North to conduct more work in an attempt to find the source of this high grade mineralization.

Art Prospect
The Art Prospect comprises a 500 m long boulder field containing 100 radioactive boulders. Geochemical values for 10 boulders range from 0.04% to 2.5% U3O8 with an average value of 0.7% U3O8. Other high values include 1.15%, 1.25%, and 1.50% U3O8. The boulders were described as being locally derived angular and frost heaved. Eight drill holes failed to intersect significant mineralization as observed in the boulders.

Further, the mineralization intersected by drilling was strongly hematite altered trachyte whereas the boulders are more felsic and less hematized. The distance of transport of the boulders was not thought to be great as the boulders were relatively angular. It was suggested further work was warranted to trace the boulders to source. There is no indication that this was ever done.

Jim Prospect
The Jim Prospect is marked by uranium enriched boulders. Grab samples of sheared volcanic rocks returned values up to 0.20% U3O8. Since the sheared boulders were described as occurring over a large area it was concluded that several mineralized shear zones would be the source. A 3 m wide shear zone exposed by frost heave was identified. One 71-metre-long drill hole intersected the shear zone and also intersected several radioactive shears up to 5 cm in width over 27 m of core. This radioactive zone returned values up to 0.028% U3O8 over 8 m.

Since only one reported hole was drilled into this prospect and it intersected mineralization, further work is recommended. Detailed ground work will be required to delineate drill targets.

The data reported for the properties is from assessment files and other third party reporting. The accuracy and validity of this historic data has not been verified by Uranium North or its consultants. B. Brereton (P. Eng.) is Uranium North's qualified person reviewing the data for this project.

About Uranium North Resources

Uranium North is a junior mineral exploration company focused on uranium opportunities in Canada. The Company holds 100% interest in three million acres of property located within the most prospective basins in Canada. Uranium North is focusing on five key projects, one of which hosts a 6.7 million lb historical resource (non NI 43-101 compliant).

ON BEHALF OF THE BOARD OF DIRECTORS

Mark Kolebaba
President & CEO, Uranium North Resources Corp.

Uranium North Resources Corp.
Corporate Communications: Heather Kays
Telephone: (604) 484-2212
Facsimile: (604) 484-7143
Website: www.uraniumnorthresources.com
Email: [email protected]

Renmark Financial Communications Inc.
Jason Roy: [email protected]
Barbara Komorowski : [email protected]
Tel.: (514) 939-3989
Fax: (514) 939-3717
www.renmarkfinancial.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
 
 

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