Uranium North Resource Corp. ("Uranium North" or the "Company") (TSX
VENTURE:UNR) announces that the 2011 exploration program on the Nowyak property
in Nunavut has focused the company into a zone of high grade gold and silver
mineralization with grab samples assaying up to 72.1 g/t Au, 1040 g/t Ag and
5.8% copper. 


An induced polarization (IP) geophysical survey has outlined numerous contiguous
anomalies within a 1.8 kilometre by 1.0 kilometre area along a shear zone.
Follow-up prospecting of this area resulted in the discovery of numerous new
mineralized zones between the historic Gareth and Century showings (see map -
http://www.uraniumnorth.com/s/Nowyak.asp). Gold, silver and copper
mineralization in this area is related to a nearby granodiorite intrusion. The
zone remains open to the north, south and west. 


Another high priority IP anomaly 750 metres to the south along the shear zone
was also recognized. This IP anomaly extends at least 550 metres to the south in
an overburden covered valley and is open to the north and south. Data from a
ground magnetic survey suggests the presence of a similar granodiorite intrusion
as observed at the Garath - Century showing. 


"This new zone, defined by strong IP anomalies and associated gold and silver
mineralization, is drill ready. Based on the high grade assays and extent of the
zone, we have the potential to discover a significant gold deposit," says Mark
Kolebaba, President and CEO of Uranium North Resources. 


A total of 88 grab samples collected from the area are directly associated with
the IP anomalies. Twenty four of the samples have returned high metal content
with greater than 1 g/t Au. The table below highlights the most significant 2011
samples. 




Nowyak Sample Highlights                                                  
------------------------------------------------    ----------------------
Sample  Au g/t  Ag g/t    Sample  Au g/t  Ag g/t    Sample  Au g/t  Ag g/t
----------------------    ----------------------    ----------------------
1         72.1    89.0    9         14.0     256    17         4.0    15.0
----------------------    ----------------------    ----------------------
2         48.3    30.0    10         8.6    20.3    18         3.7    69.9
----------------------    ----------------------    ----------------------
3(i)      27.3    1040    11         6.9     5.9    19         2.7    23.2
----------------------    ----------------------    ----------------------
4(i)      22.3    27.5    12         6.4     0.9    20         2.5     5.4
----------------------    ----------------------    ----------------------
5         21.2    16.2    13         6.0     7.9    21         2.1     0.6
----------------------    ----------------------    ----------------------
6         20.9    47.9    14         5.1     2.2    22         1.2    74.1
----------------------    ----------------------    ----------------------
7         20.6    33.0    15         4.3     3.2    23         1.2    52.9
----------------------    ----------------------    ----------------------
8        17.45    50.3    16         4.1     8.2    24         1.1     1.3
----------------------    ----------------------    ----------------------
(i)Sample 3 contains 1.06% Cu    
(i)Sample 4 contains 5.8% Cu     



Nowyak is considered a greenstone hosted lode-gold prospect. Several drill
targets have been delineated within this zone. Plans for the 2012 season are
underway. Drilling could begin in spring/summer 2012. 


Bruce Kienlen, P.Geol is the Qualified Persons as defined by National Instrument
43-101, assisting in reviewing data for this property.


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.


Uranium North Resources Corp. (TSXV:UNR)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024 Click aqui para mais gráficos Uranium North Resources Corp..
Uranium North Resources Corp. (TSXV:UNR)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024 Click aqui para mais gráficos Uranium North Resources Corp..