Uranium North Resources

Published : June 13th, 2012

And Diamonds North Continue To Build A Postion In Washington State With Additional Gold Asset

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Keywords :   Dollar | Gold | Gold Mine | Silver | Uranium |

News Release - Wednesday, June 13, 2012
Uranium North And Diamonds North Continue To Build A Postion In Washington State With Additional Gold Asset

Vancouver, BC, June 13, 2012 -- Diamonds North Resources (TSX-V: DDN) and Uranium North Resource Corp. (TSX-V: UNR) ("the Companies") announce the acquisition of the Empire Creek Gold/ Silver property in Washington State. Highlights from a previous trenching program include results as high as 39.8 g/t gold over three metres and a drill intercept of 18.3 metres assaying 12.1 g/t gold with 150 g/t silver.

The property is 10 kilometres south of the K2 Mine and only 20 kilometres by existing roads, from the Kinross Kettle River Mill. Both Empire Creek and the K2 Mine are hosted within the Republic Graben structure. From 1996 to 2005 the K2 Mine produced almost 500,000 ounces of gold at an average grade of 7.44 g/t from an epithermal style gold vein system. Mining at K2 was entirely underground.

Known gold occurrences at Empire Creek are related to replacement style mineralization; however, being on the same structure as the K2 Mine, epithermal style mineralization is also a target.

A total of 24 holes on the property and 14 additional holes in the area were drilled in the 1980's. The top 10 intercepts on the property are shown in Table 1 below. Drilling included a combination of angled and vertical reverse circulation, rotary and core holes. There are also two adits on the property. Previous drilling and sampling appears to have been quite random in nature and focused on the eastern side of the property. Numerous surface samples with high gold on the western side of the property have never been drill tested.

Table 1. Drilling Highlights
Hole
From (m)
To (m)
Interval
Gold g/t
Silver g/t
DD -2
25.9
29.0
3.0
26.4
24.8
DD -2
54.3
62.5
8.2
2.8
6.2
DD -2
74.7
78.6
4.0
6.0
35.2
DD -3
70.1
74.7
4.6
12.5
119.8
DD -4
77.7
81.4
3.7
8.3
28.0
DD -4
85.3
90.2
4.9
3.4
19.7
DD - 7
29.0
32.0
3.0
5.4
12.0
E-1
91.1
93.0
1.8
6.5
91.2
EC - 5
54.9
73.2
18.3
12.1
150.0
EC - 9
54.9
61.0
6.1
3.0
3.3
These values represent drill intercepts not true thicknesses.

"Untested high grade mineralized gold zones within 20 kilometres of an operating gold mill represents a significant opportunity and fits with the Companies strategy of targeting high grade deposits that can be mined underground," says Mark Kolebaba, President and CEO of the Companies.

The 2012 exploration program on the Empire Creek property will include mapping, prospecting and magnetic surveying, focusing on the high grade zones that have never been drill tested.

The property was acquired by staking Federal controlled land in two separate blocks. The main block covers a 1.1 square kilometre area with rock samples showing elevated to high grade gold and silver values.

Diamonds North Resources Ltd. and Uranium North Resources Corp. have formed and jointly own Minerals North LLC, a Nevada registered company with the objective to explore mineral potential in Washington State. This partnership demonstrates the Companies' commitment to increasing shareholder value while maintaining a low cost. The Companies are actively seeking joint venture partners for our northern Canadian projects as they represent significant opportunity.

Each property has a 0.25% royalty payable to a consulting geologist. Each royalty may be purchased at any time for the value of 300 ounces of gold.

Graham Gill P.Geo is the Qualified Person as defined by National Instrument 43-101 reviewing the data in this news release. The historical work is from private reports written by AMACO, Curlew Lake Resources, US Borax and Kimberley Gold Mine. These reports have not been verified by the Company, however, it appears to have been completed under standard best practices consistent with the time and appears to be of reasonable quality.

On behalf of the Board of Directors.



Mark Kolebaba
President & CEO

For additional information please contact:


Diamonds North Resources Ltd.
Troy Shultz
Manager, Corporate Communications
Telephone: (604) 689-2010
Facsimile: (604) 484-7143
Email: info@diamondsnorth.com
Website: www.diamondsnorth.com

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


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements. Grams per tonne are noted as g/t. All dollar amounts are expressed in Canadian dollars, unless otherwise specified.


Copyright � 2012 URANIUM NORTH RESOURCES CORP,. (UNR) All rights reserved. For more information visit our website at http://www.uraniumnorth.com/ or send email to info@uraniumnorth.com ..

Uranium North Resources

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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.

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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...
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