Uranium North Resources Corp.

2010
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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...)





 February 01, 2010
Uranium North Identifies Gold Potential on KAM Property

 Vancouver, Feb 1 2010 -- Uranium North Resources Corp (UNR -- TSX-V) announces the recovery of abundant gold grains from glacial till on its 100% owned KAM property in Nunavut. An anomalously high concentration of gold grains have been recovered from till collected over an underexplored volcanic rock unit.

The Company considers the KAM gold results highly significant as they represent the largest anomalous concentration of gold in till within a 100 x 100 kilometre region. There is no record of previous gold exploration in the area and based on this till data and geology, KAM may represent a new gold district in Nunavut. Further, a high percentage of the gold grains recovered exhibit surface morphology showing low to moderate transport distances that indicate the gold source is nearby. A fault-bound contact immediately east of the anomaly is a target for detailed exploration.

Planning is underway for a gold exploration program at KAM. Work will include additional till sampling and detailed prospecting towards and along a regional structure in an attempt to locate bedrock gold sources for drill testing.

"Our strategy of generating gold projects allows the shareholders to own the company for its uranium potential and at the same time participate in a strong gold market" says Mark Kolebaba, President and CEO of Uranium North.

The identification of gold at KAM is the second of several new gold opportunities identified by the Company. Over the next few months the Company plans to further expand its interests in gold and other metal commodities through its large proprietary geochemical and geophysical databases.

Uranium Potential at KAM

In addition to the gold potential, KAM is a high priority uranium target. Drilling by the Company has identified significantly large alteration zones with high grade U3O8 intersections. (See news release dated December 04, 2008.)

The most significant drill results from three drill holes are summarized in the table below.
The next uranium exploration programs at KAM will focus on determining the orientation of the mineralization. A better understanding of the orientation of the mineralization will help define a potential uranium resource on the property.

Drill hole

From (m)

To (m)

Interval (m)

% U3O8

K-05-08

50.2

60.2

10

0.3

Including

53.2

57.2

4

0.56

K-05-08

103.7

108.7

5

0.42

Including

105.7

106.7

1

1.16

K-03-08

150.1

157

6.9

0.23

K-03-08

175.67

184.7

9.03

0.36

 Including

177.7

181.7

4

0.7

Including

177.7

178.7

1

1.59

K-02-08

27.13

35.13

8

0.12

 Including

31.13

35.13

4

0.21



Bruce Kienlen, P.Geol, is the Qualified Person as defined by National Instrument 43-101, responsible for collection of the till samples collected for the project and has reviewed and approved the technical information relating to the till samples in this release.

About Uranium North

Uranium North Resources Corp. is a Canadian company with a Nunavut focus. Uranium North holds title to the second largest uranium resource in Nunavut, the Amer Lake Deposit. While maintaining its focus on uranium, the company is generating gold projects to continue to build strong shareholder value.

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
Website: www.uraniumnorth.com
Email: [email protected]

Forward-Looking Information
"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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