2006 DDN (Pre-listing)
2005 DDN (Pre-listing)
Feb 01, 2010
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| ||December 11, 2007|
Airborne Geophysics Identifies New Targets and Corroborates Historic Uranium Prospects on South Baker
| ||Vancouver, December 11, 2007 - Uranium North Resources Corp (UNR - TSX-V) announces that preliminary airborne geophysical survey data over the 100% owned South Baker Property in Nunavut identifies new prospective uranium targets and corroborates known prospects on the property.|
The 794,379 acre South Baker property hosts up to 12 known historic uranium prospects, five of which have drill-confirmed uranium mineralization.
This is the first comprehensive survey flown in the area since 1976. Using modern airborne radiometric and magnetic methods Uranium North has identified numerous new anomalies and detected previously known key prospects such as KAM, Hawk and L1.
Highlights from initial review of the preliminary magnetic and total count radiometric data for the property are provided below. More detailed information will be provided upon completion of a comprehensive final interpretation of the geophysical data.
Hawk Prospect - Several radiometric anomalies have been identified near the known Hawk uranium prospect. These anomalies are 200-500 metres in diameter and include areas coincident with boulder samples collected in 2007 that have yielded U3O8 values ranging from less than 0.1 to 4.39%. At least two of the radiometric anomalies appear to be new and untested by previous explorers.
KAM Prospect - Linear magnetic low features identified from the magnetic data, which may relate to structurally controlled alteration associated with uranium mineralization, are coincident with a uranium bearing boulder train that extends for approximately two kilometres. Further, a radiometric anomaly identified along the magnetic low feature is coincident with uraniferous boulders collected in 2007 that have yielded U3O8 values ranging from less than 0.1 to 2.98%.
L1 Prospect - A radiometric anomaly has been identified at L1. It is coincident with uranium enriched boulders collected in 2007 that yielded U3O8 values ranging from less than 0.1 to 3.7%.
A total of 16,500 line kilometres of geophysical surveying was completed by Terraquest Limited between late August and mid October 2007. The majority of the survey was flown along lines 200 metres apart with 100 metres line spacing over the KAM and L1 prospects. Approximately 74% of the property was surveyed before the program was terminated, due to weather conditions.
Also in 2007, a total of 873 rock samples and 269 soil samples were collected on the property. Laboratory analyses have been received and are currently subject to compilation and interpretation.
W.E. Brereton (P.Eng.) and J.S. Brett (P.Geo.) of MPH Consulting Limited are Uranium North's qualified persons responsible for the design and interpretation of the geochemical and geophysical programs, respectively.
On behalf of Uranium North Resources
Mark Kolebaba President and CEO
Uranium North Resource Corp
Corporate Communication- Heather Kays
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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