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...)
November 26, 2008 Uranium North Drills Three Uranium Rich Zones at Hawk and Extends Mineralization to Depth
Vancouver, November 26, 2008 --Uranium North Resources Corp (UNR -- TSX-V) announces results from the summer drill program on the Hawk prospect of the South Baker project in Nunavut. Drilling intersected three uranium mineralized zones in two drill holes, confirming the presence of significant shallow U3O8 mineralization and providing key information on the orientation of a sizeable mineralized zone. Prior to Uranium North drilling at Hawk, uranium mineralization had not been intersected below 60 metres. These results extend mineralization to a depth of 144 metres and significantly expand the overall dimensions of the mineralized zone.
Vertical drill hole HL-01-08 intersected an upper five metre zone grading 0.05 % U3O8, a middle zone of 16.8 metres grading 0.07% U3O8 and a lower 14.3 metre zone grading 0.16% U3O8, including six metres of 0.31% U3O8 (see table below).
A second vertical drill hole, HL-02-08, which was collared 30 metres to the south intersected three similar zones: an upper four metre zone grading 0.05% U3O8, a middle three metre zone grading 0.08% U3O8, and a lower 12.5 metre zone grading 0.15% U3O8. The lower zone includes a two metre zone grading 0.31% U3O8 and an additional two metres with 0.29% U3O8 (see Table Below).
All intersections reported are down-hole, core-length intervals. The true thickness of mineralized zones is yet to be determined.
A third drill hole, HL-03-08, drilled 90 metres to the east at -65° to the west did not intersect significant U3O8 mineralization. Drilling suggests that the mineralized zone is steeply dipping.
"This program was designed to test very precise parameters. Determining that uranium mineralization extends to depth and is open to the south, confirms Hawk as a target with potential for significant pounds" says Mark Kolebaba, President of Uranium North.
Hawk mineralization occurs in fractured and brecciated volcanic rocks of the Christopher Island Formation and is commonly associated with chlorite, hematite and carbonate alteration. Drilling intersected rocks of this formation to 200 metres depth without intersecting basement rocks. Based on regional work, basement rocks represent another target for uranium on the property.
Plans for Hawk include modeling of historic and 2008 drill holes to better understand the orientation of the mineralization. Drilling is planned for 2009 on the Hawk target and will be designed to test along strike and down dip extension of the known mineralization.
Hawk is one of 12 known prospects identified on the South Baker Property. The Company's exploration concept for South Baker is based on developing tonnage from several closely spaced deposits as at Kiggavik. The Kiggavik deposits have been reported by Areva to comprise 148 million pounds from six different deposits.
Allan Armitage, Ph.D., P.Geol., Vice President - Exploration of Uranium North, is a Qualified Person as defined by National Instrument 43-101, and is responsible for quality control of exploration undertaken by the Company and has reviewed and approved the technical information in this release.
On behalf of Uranium North Resources
Mark Kolebaba President and CEO
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, 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
You can view the Next News Releases item: Thu Dec 4, 2008, Uranium North Intersects Uranium Mineralization with Grades Up to 1.59% (31.8 lbs/ton) U308 on the KAM Property
You can view the Previous News Releases item: Mon Oct 27, 2008, Uranium North Resources Completes Amer Lake Drill Program
You can return to the main News Releases page, or press the Back button on your browser.