Uranium North Resources

Published : November 07th, 2007

AMER LAKE RESULTS CONFIRM WIDESPREAD URANIUM MINERALIZATION

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Canada | Copper | Lead | Market | Molybdenum | Silver | Uranium |

Re:        News Release - Wednesday, November 07, 2007
Title:     AMER LAKE RESULTS CONFIRM WIDESPREAD URANIUM MINERALIZATION

Vancouver, November 7, 2007 - Uranium North Resources Corp (UNR - TSX-V) announces that recent sample results coincident with preliminary geophysical data indicate that uranium mineralization is more widespread than originally thought within the central part of the Amer Lake property in Nunavut. Numerous rock samples collected across a 7.5 by 5 kilometre central radiometric anomaly have yielded high uranium values (See table below). The results demonstrate that uranium mineralization extends beyond the known 1.5 kilometre Main Zone and Faucon prospect.

"The fact that every sample from this 7.5 x 5 km anomaly has yielded high U3O8 values gives us confidence that the geophysics is detecting significant uranium mineralization," says Mark Kolebaba, President and CEO. "The lack of outcrop exposure and limited historical drilling means that Uranium North will be the first explorer to really test the majority of this anomalous area."

The Amer Lake property is 100% owned by Uranium North and is located approximately 100 kilometres north of Areva's Kiggavik deposit. The historic Amer Lake Main Zone uranium deposit, which is reported to contain 6.7 million lbs U3O8*, occurs within this central radiometrically anomalous area.

A total of 37 grab samples collected within the anomalous area returned U3O8 values ranging from 0.07% to 3.57% (average of 0.60%). Samples with anomalously high uranium have been collected as far as seven kms east of the Main Zone.

Click to Enlarge

See Map http://www.uraniumnorthresources.com/s/CentralRegion.asp

2007 Sample Results Central Zone
----------------------------------------------------
Sample   %U308    Sample   %U308    Sample   %U308
----------------------------------------------------
O-825    3.572    B-822    0.684    B-831    0.355
B-835    1.698    O-531    0.516    O-828    0.317
B-529    1.497    O-533    0.493    O-833    0.239
O-534    1.321    O-532    0.488    B-525    0.217
B-821    0.936    B-819    0.488    O-824    0.211
B-838    0.829    B-830    0.483    B-526    0.197
B-834    0.827    B-836    0.468    B-520    0.195
B-527    0.809    B-818    0.437    O-823    0.179
B-522    0.785    B-301    0.435    O-820    0.133
B-523    0.717    B-535    0.416    B-826    0.13
B-528    0.698    B-829    0.407    O-530    0.098
B-832    0.69     B-524    0.36     B-837    0.075
                                    O-536    0.07
----------------------------------------------------
O= Samples from Outcrop
B= Samples from frost heaved boulders, interpreted to be locally derived

Mineralization may be associated with a tightly folded stratigraphic sequence that is repeated throughout the Central Zone. The Central Zone has minimal outcrop exposure of approximately 5-10 % and has only been drilled in two locations; the Main Zone and the Faucon prospect both of which have uranium mineralization. This data provides Uranium North with numerous new drill targets.

Elevated contents of lead, and on occasion silver, copper and molybdenum are associated with elevated uranium values. Lead values range from less than 0.1% to greater then 0.5% with an average of about 0.2%. The above noted sample which assayed 3.57% U3O8 also returned 31.4 g/t silver. The degree of correlation between uranium and the other elements is being thoroughly examined as a guide to exploration.

Land Use permits for Amer Lake were received on September 6, 2007. Planning for a 2008 drill program is underway.

W. Brereton (P. Eng.) is Uranium North's qualified person responsible for the design of the geochemical survey and review of the geochemical data. Samples were collected during the 2007 field season.

Samples were selected for analysis in the field using a spectrometer. All samples were prepared with a standard analysis package using Aqua Regia digestion with a 37 element ICP finish using 0.5 grams of sample material. All samples were processed at Activation Laboratories Limited of Ancaster, Ontario, Canada. Activation Laboratories Limited is accredited by the Standards Council of Canada to ISO/IEC Standard 17025 Accredited Laboratory #266 and by the Florida Department of Health to NELAC Accredited Laboratory # E87979.

*The above estimate of resources/reserves prepared by Aquataine and Cominco in 1978 is historical only and should not be relied upon as it is not compliant with the CIM classifications pursuant to NI 43-101. It is, however, relevant because: it is indicative of a mineralized zone worthy of follow up exploration and potentially economic mineralization as it is based on drilling exploration and development carried out by what is believed to be knowledgeable explorers in accordance with acceptable industry practices at the time of the estimate. A Q.P. has not classified historical estimates as current mineral resources/reserves and the company is not treating them as current mineral resources/reserves since work to date has not verified the historical estimates.

About Uranium North Resources

Uranium North is a mineral exploration company focused on uranium exploration and discovery in Canada. The Company holds 100% interest in three million acres of property in the Thelon, Athabasca and Hornby basins. Uranium North is focusing on five key projects, one of which is host to a historical uranium resource*.



On behalf of Uranium North Resources
Mark Kolebaba President and CEO

Uranium North Resource Corp
Corporate Communication- Heather Kays
Tel: 604-484 -7120
Fax: 604- 484-7143
Website: www.uraniumnorth.com
Email: info@uraniumnorth.com



Forward-Looking Information
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release

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, exploitation 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, exploitation and 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

Copyright © 2007 URANIUM NORTH RESOURCES CORP,. (UNR) All rights reserved. For more information visit our website at http://www.uraniumnorthresources.com/ or send email to info@uraniumnorthresources.com ..

Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Uranium North Resources

EXPLORATION STAGE
CODE : UNR.V
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Uranium North Res. is a uranium exploration company based in Canada.

Uranium North Res. holds various exploration projects in Canada.

Its main exploration properties are MALLERY LAKE, AMER LAKE, THELON PROJECT (SOUTH BAKER), HEPBURN and AURA GOLD PROPERTY in Canada.

Uranium North Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 1.7 millions as of today (US$ 1.7 millions, € 1.2 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 1.78, and its lowest recent point on February 15, 2013 at CA$ 0.02.

Uranium North Res. has 85 555 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Annual reports of Uranium North Resources
2007 Annual Report
Financings of Uranium North Resources
2/9/2011Completes $8.0 Million Brokered Private Placement
6/24/2009Completes Flow-Through Financing
6/18/2008Completes Flow-Through Financing
11/30/2007Applies for Extension of Expiry Date of Warrants
8/27/2007Completes First Tranche Of Flow-Through Financing
8/8/2007Announces Flow-Through Financing
Nominations of Uranium North Resources
9/23/2008Appoints Vice President Of Exploration
1/24/2008 Appoints Uranium Expert To Board Of Directors
5/24/2007Appoints Manager Of Corporate Communications
Project news of Uranium North Resources
10/23/2012Diamonds North and Uranium North Report Acquisition of Talis...
10/18/2012Diamonds North and Uranium North Report High Gold and Silver...
9/18/2012And Diamonds North To Evaluate Gold Potential Of The Alder M...
8/22/2012(Amer Lake)Receives Graphite Results for the Amer Lake Project
8/14/2012and Diamonds North Complete Work on the Golden Reward Projec...
7/26/2012and Diamonds North Commence Exploration Program on Empire Cr...
7/18/2012Diamonds North and Uranium North Acquire Gold Property in Wa...
6/7/2012and Diamonds North Begin Exploration on the Poland China Gol...
5/31/2012CORRECTION: Uranium North and Diamonds North Acquire Gold Pr...
5/31/2012and Diamonds North Acquire Gold Projects in Washington State
5/16/2012Discovers Significant Graphite on Amer Property and Stakes N...
5/3/2012(Amer Lake)Provides Updated Amer Lake Uranium Resource Calculation
1/12/2012Discovers New High Grade Gold and Silver Zones at Nowyak
10/12/2011Completes Drilling on the Mallery Gold/Silver Project
9/2/2011(Amer Lake)Completes Drilling on the Amer Lake Uranium Deposit
7/13/2011Reports Drill Program Underway on the Mallery Gold - Silver ...
7/8/2011(Amer Lake)Reports Scintillometer Readings Indicate the Amer Lake Main ...
6/23/2011Reports Drill Mobilization Underway on the Mallery Gold - Si...
6/21/2011(Amer Lake)Commences Drilling on the Amer Lake Deposit
6/8/2011(Amer Lake)Mobilizes Drill to the Amer Lake Property
5/10/2011(Amer Lake)Mobilizes for Drilling at the Amer Lake Project
5/4/2011Stakes Additional Land at Mallery Gold / Silver Project and ...
4/21/2011acquires data to rapidly advance the Nowyak Gold / Silver Pr...
2/1/2011(Mallery Lake)Identifies Expansion Possibilities on the Mallery Lake Gold/...
12/1/2010(F 13)Identifies High Gold, Silver and Copper Mineralization on th...
2/1/2010(Kam)Identifies Gold Potential on KAM Property
8/6/2009(Amer Lake)Outlines 19.3 Million Pound U3O8 Inferred Resource at Amer L...
5/28/2009(Amer Lake)Completes Phase 1 Drilling at Amer Lake, Assays Pending
1/23/2009(Amer Lake)Identifies the Potential for 11 to 17 Million Pounds U3O8 at...
12/4/2008(Kam)Intersects Uranium Mineralization with Grades Up to 1.59% (3...
11/26/2008(Thelon Project (south Baker))Drills Three Uranium Rich Zones at Hawk and Extends Minerali...
9/10/2008(Kam)Intersects Zones of Anomalous Radioactivity in Five Drill Ho...
7/24/2008Starts Drilling at South Baker, New Uranium Mineralized Zone...
7/15/2008(Amer Lake)Drilling Program Underway at Amer Lake
2/20/2008(Kam)Identifies New High-Grade Uranium Target at KAM
6/28/2007(Thelon Project (south Baker))Acquires Claims Over Boulder Yielding 38% U3O8 And Provides ...
Corporate news of Uranium North Resources
2/19/2013Amalgamation of Uranium North and Diamonds North Complete; A...
2/8/2013and Diamonds North Shareholders Approve Amalgamation
10/16/2012and Diamonds North New Focus on Gold in Washington State is ...
10/11/2012and Diamonds North Announce Trenching Commences on the Polan...
10/4/2012Diamonds North and Uranium North Identify Gold Target Areas ...
6/13/2012And Diamonds North Continue To Build A Postion In Washington...
1/19/2012(Mallery Lake)Intersects Gold at the Mallery Lake Project
7/19/2011Initiates Program on the Nowyak Gold and Silver Property in ...
7/13/2011Reports Option Grants
7/6/2011Identifies New High Grade Gold and Silver Zones on the Nowya...
6/29/2011Announces Exploration Program to Begin on the Nowyak , F13 a...
5/17/2011Identifies Additional Targets on the Robin Project
8/18/2010Begins Exploration Program on the Aura Gold Project
8/12/2010Expands Mallery Lake Gold Target
7/16/2010Mallery Lake Gold Exploration Program Underway
7/8/2010Completes First Tranche Of Financing
11/26/2009Option Grants
11/18/2009Featured on CEO Clips on the Biography Channel
6/10/2009Identifies High Priority Targets on Yathkyed Property
5/28/2009Announces Financing
1/13/2009Expands the Amer Lake Main Zone Uranium Deposit 550 Metres S...
8/21/2008AGM Reminder
5/7/2008 Announces Financing
5/6/2008Announces First Drill Program to Expand U308 Mineralization ...
4/15/2008Targets 24 Metre Thick Uranium Mineralized Zone at Hawk Lake
4/10/2008Extends Terms Of Loan Agreement
2/19/2008Uranium North Awarded Exploration Permits on Baffin Island
2/5/2008Confirms Several Priority Uranium Targets on the Amer Lake P...
1/24/2008Completes Second Tranche Financing
1/21/2008President to present at the Vancouver Resource Investment Co...
12/11/2007Airborne Geophysics Identifies New Targets and Corroborates ...
11/7/2007AMER LAKE RESULTS CONFIRM WIDESPREAD URANIUM MINERALIZATION
10/18/2007Airborne Geophysics Indicate Potential to Expand Known Miner...
9/19/2007Awaits Results From Exploration Program
7/31/2007Mobilizes Crew On The Amer Lake Project In The Thelon Basin
7/5/2007Identifies High Priority Exploration Targets In The Athabasc...
6/13/2007Discovers Historic Data Increasing The Thickness, Grade And ...
4/19/2007Airborne Surveys Completed in Athabasca Basin - Uranium Nort...
2/27/2007Acquires Two Properties with Widespread Uranium Minerlizatio...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (UNR.V)OTHER OTC (URNMF)
0.020-33.33%0.020-33.33%
TSX-V
CA$ 0.020
02/15 14:02 -0.010
-33.33%
Prev close Open
0.030 0.020
Low High
0.020 0.020
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.020 -%
Volume 1 month var.
8,000 -%
24hGold TrendPower© : -22
Produces
Develops
Explores for Gold - Silver - Uranium
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 1/23/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 6.92-0.65%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 10.92+7.80%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.59-1.50%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
 2.25+4.17%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
 14.47+2.26%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
 0.30+3.45%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
 0.22+0.93%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
 2.47+2.49%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 40.66+0.20%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.06+10.00%Trend Power :
Sun Res.(Oil)SUR.AX
Released ASX Announcement: Quarterly Activities Report
AU$ 0.00+0.00%Trend Power :
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.