Uranium North Commences Drilling on the Amer Lake Deposit
June 21 2011 - 3:36PM
Marketwired
Uranium North Resource Corp. ("Uranium North" or the "Company")
(TSX VENTURE: UNR) announces drilling is underway on the Company's
100% owned Amer Lake project in Nunavut. The program is designed to
test for additional uranium mineralization along strike of the Main
Zone deposit in an attempt to increase the existing 19.3 million
pound uranium resource(i).
During an initial program approximately 20 drill holes southeast
of the inferred resource(i) are planned. An additional 20 holes
have been proposed for a second phase program (See Map:
http://www.uraniumnorth.com/s/AmerLake-Main.asp).
An important aspect of the program is to identify additional
higher grade and thicker zones as observed in drill hole UNR-15.
(See news release dated August 6, 2009.)
"The program is focused on drilling the southeastern part of the
Main Zone deposit where no drilling has been completed in the past.
We hope to add significantly to the resource as we explore this new
area," says Mark Kolebaba, President and CEO of Uranium North
Resources Corp.
Reverse circulation drill cuttings will be logged in the field
under binocular microscope. A scintillometer will be used to
measure intervals with elevated uranium prior to sampling.
Geochemical sampling will be conducted every 1.5 metre.
Alan Sexton from Geovector Management Inc. is the acting
Qualified Persons for the field operation. Bruce Kienlen, P.Geol,
and Graham Gill P.Geo, are Qualified Persons as defined by National
Instrument 43-101, assisting in reviewing data for this
property.
(i) See news release dated September 24, 2009
About Uranium North
Uranium North Resources is a multi-commodity company focused on
gold, silver and uranium in Nunavut. All properties are 100% owned
including the Amer Lake uranium deposit, one of the largest uranium
resources in Nunavut. The Company will be drilling the Mallery
gold/silver project, the Nowyak gold deposit and carrying out a low
cost expansion program on the Amer Lake uranium deposit in
2011.
On behalf of Uranium North Resources
Mark Kolebaba, President and CEO
Forward-Looking Information
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.
"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."
Contacts: Uranium North Resources Corp. Heather Kays Corporate
Communication 604-484-7120 604- 484-7143 (FAX)
info@uraniumnorth.com www.uraniumnorth.com
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