2006 DDN (Pre-listing)
2005 DDN (Pre-listing)
Feb 01, 2010
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| ||July 15, 2008|
Uranium North Drilling Program Underway at Amer Lake
| ||Vancouver, July 15, 2008 - Uranium North Resources Corp. (UNR - TSX-V) announces that the 2008 exploration drilling program on the Company's 100% owned Amer Lake property in Nunavut is underway. The first three drill collar locations have been located on the *6.7 million pound historic resource. Phase one of the drill program will consist of an initial 10 to 15 drill holes focusing mainly on expanding the historic resource in the Central and Eastern Regions of the property. |
The Central Region is defined by a 5 x 7.5 kilometre radiometric anomaly with numerous outcrops and boulders showing uranium values ranging from <0.1 to 8.8% U3O8. Within this region, the historic resource is drill defined as two lobes that extend only 1.5 kilometres across the western margin of this uranium anomaly. Drill targets in the Central Region have the potential to significantly expand the historic resource and increase the uranium grades.
The Eastern Region, which is approximately 10 kilometres east of the Central Region, hosts several significant targets. A priority drill target is a geophysical anomaly estimated to be an 8 kilometre long by 200 metre wide sedimentary unit with associated boulders and outcrop yielding <0.17 to 1.5 % U308.
Historical work on the property focused on complex structural controls on mineralization. Results of work completed by Uranium North in 2007 suggests that the geological setting of the Amer Lake property may be analogous to the Tim Mersoi basin in Niger, where large uranium deposits have been mined since the 1970s. The Company believes that while structure is important at Amer Lake, stratigraphy appears to be the main controlling factor for mineralization. This new approach has been introduced by Mr. Daniel Faure who is currently on site leading the 2008 exploration activities. Mr. Faure is credited with leading the team that discovered the Cigar Lake deposit, the world's richest undeveloped uranium resource.
W.E. Brereton, P Eng, of MPH Consulting Limited is Uranium North's qualified person with respect to these projects 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
*Not compliant with NI 43-101.This is not a resource estimate and should not be relied upon as insufficient exploration has been carried out to delineate a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.
The sample data reported 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.
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
Email: [email protected]
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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