KELOWNA, BC, Dec. 22 2014 /CNW/ - Northern Uranium
Corp. (TSXV : UNO) ("Northern Uranium" or, the "Company") is
pleased to provide a progress report on the drilling at its 50%
owned North West Manitoba
property.
Northern Uranium is pleased to report that both the Rotary Air
Blast (RAB) and diamond drill teams have been making good
progress.
Diamond Drilling
The diamond drill hole (MG14DD-0007) announced on December 12, 2014 targeting a coincident gravity
low and strongly anomalous radon results has now been
completed. The hole, drilled at -60 degrees dip towards the
southeast, intersected bedrock 57 meters down the hole. Thus
the till was 49.4 meters thick. Drilling continued to 159
meters and intersected granitic pegmatite, granite, limonitized
semi-pelite and chloritized pelite.
Alteration persists throughout the entire length of the hole in
varying degrees of intensity. Chloritization of biotite is
pervasive but it most intense in semipelitic and pelitic
units. Hematization is patchy but becomes strongly pervasive
beyond 140.4 meters. Similarly, though limonization is
pervasive throughout the hole it especially strong towards the end
of the hole. The extensive alteration indicates that there
has been substantial fluid movement through the rocks, which is
necessary for the formation of uranium mineralization.
There were three friable sections within the hole associated
with hydrothermal alteration which are potentially fault
zones. They were located at 75.0 to 78.5m, 117.0 to 117.4m
and 119.4 to 120.0 m down the hole.
Anomalous uranium mineralization was detected in four locations
down this hole. This uranium mineralization was detected in
half meter intervals at 85, 91, 106.5 and 147 meters down
hole. Samples from these intervals have been collected and
will be sent for assay.
The Company's geologists are extremely encouraged by the
alteration and mineralization seen in the hole as it suggests that
significant uranium mineralization may be nearby. A second
hole to test this anomaly is now being planned.
RAB Drilling
Since the news release on December 12,
2014 the RAB drill has completed 3 holes, continuing the
fence of holes across the anomaly tested by the previously
announced two holes.
Hole MG14RB-0012A intersected granitic and semi-pelitic bedrock
at approximately 10 meters. Drilling continued to 21
meters. The uppermost bedrock sample showed elevated Uranium
238, Radium 226 and Lead 210 as compared to samples either in the
overlying overburden or deeper down the hole.
Hole MG14RB-0013A intersected calc-silicate bedrock at
approximately 9.7m through to the end of hole at 13.5 meters.
Hole MG14RB-0014A intersected semi-pelite bedrock at
approximately 11.3m. The bedrock was intensely hematized
through to the end of hole at 15 meters, a positive sign for
potential uranium mineralization as it indicates fluid movement
through the bedrock.
The Company's drill teams are now off for the Christmas break
and will recommence work immediately after New Years.
The technical information and results reported here have been
reviewed by Chad Ulansky, PGeo, a
qualified person under National Instrument 43-101, who is
responsible for the technical content of this release.
Forward Looking Statements
Some of the statements contained herein may be forward-looking
statements which involve known and unknown risks and
uncertainties. Without limitation, statements regarding
potential mineralization and resources, exploration results, and
future plans and objectives of the Company are forward looking
statements that involve various risks. The following are
important factors that could cause the Company's actual results to
differ materially from those expressed or implied by such forward
looking statements: changes in the world wide price of mineral
commodities, general market conditions, risks inherent in mineral
exploration, risks associated with development, construction and
mining operations, the uncertainty of future profitability and the
uncertainty of access to additional capital. There can be no
assurance that forward-looking statements will prove to be accurate
as actual results and future events may differ materially from
those anticipated in such statements. The Company undertakes
no obligation to update such forward-looking statements if
circumstances or management's estimates or opinions should change.
The reader is cautioned not to place undue reliance on such
forward-looking statements.
Neither 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.
SOURCE Northern Uranium Corp.
