Uranium North Completes Drilling on the Amer Lake Uranium Deposit
01 Setembro 2011 - 11:00AM
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 Amer Lake uranium deposit in
Nunavut. The program was 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).
A total of 15 reverse circulation drill holes were completed to
the southeast of the inferred resource to a maximum depth of 204
metres. All of the drill holes reported elevated and anomalous
scintillometre readings with the exception of three holes that did
not reach their target depth due to drilling difficulties.
"The anomalous and elevated CPS (counts per second) readings
suggest the 2011 Amer Lake program successfully expanded
mineralization at the Main Zone to the southeast. The lab will
allow us to determine to what extent we are able to increase the
current resource," says Mark Kolebaba, President and CEO of Uranium
North Resources Corp.
All samples have either been received by the lab or en-route to
the lab for assay testing. The results will be used to calculate an
updated resource on the Amer Lake deposit.
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 is currently drilling the Mallery
Lake gold project.
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.
NR11-19
"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 Resource Corp Heather Kays Corporate
Communication 604-484-7120 604-484-7143 (FAX) info@uraniumnorth.com
www.uraniumnorth.com
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