Uranium North Completes Drilling on the Mallery Gold/Silver Project
October 12 2011 - 11:46AM
Marketwired
Uranium North Resource Corp. ("Uranium North" or the "Company")
(TSX VENTURE:UNR) announces the completion of the 2011 drill
program on the Company's 100% owned Mallery project in Nunavut.
Five drill holes totaling 750 metres were drilled into three known
mineralized zones.
"All drill holes intersected silica and quartz veining as
anticipated. This is very encouraging as gold is associated with
silica on the Mallery property," says Mark Kolebaba, President and
CEO of Uranium North Resources.
The Eastern, Northwest and Stockwork zones were drilled. A broad
resistivity anomaly associated with the Stockwork Zone was also
tested and confirmed to be caused by intensive silica alteration
and quartz veining. Laboratory results for the drill core are
pending.
The Mallery project is located approx. 130 km Southwest of Baker
Lake in Nunavut. Surface sampling of mineralized zones at Mallery
has yielded gold values as high as 54 g/T and 272 g/T Ag. This is
the first drill program on the property.
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.
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 completed drilling on the Amer
Lake uranium property and the Mallery gold/silver property as part
of the 2011 exploration program.
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.comwww.uraniumnorth.com
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