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News Release - Wednesday, July 13, 2011
Uranium North Reports Drill Program Underway on the Mallery Gold
- Silver Project
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Vancouver, BC, July 13, 2011 - Uranium North Resource Corp. ("Uranium
North" or the "Company") (TSX-V: UNR) reports that the drill program
has commenced on the Company's 100% owned Mallery gold-silver project
in Nunavut. Approximately 1000 metres of drilling are planned for the
project.
On Mallery, there are four outcrop exposures with mineralized veins
over an 800 by 800 metre area. Geophysical and geochemical data
suggests that the areas could be part of one large system. Drill holes
are planned to test the continuity of mineralization on the four areas
plus a fifth geophysical target. Please view the new Mallery project
video on our company website at http://www.uraniumnorth.com.
"The accompanying video presentation and map describing the program
demonstrate why we are excited about Mallery. It is a program designed
to evaluate the continuity, grade and width of high grade gold and
silver veins. We are ultimately testing for the presence of a deposit
with open pit mining potential," says Mark Kolebaba, President and CEO
of Uranium North Resources.
The 2011 Mallery drill program will test the width and strike
characteristics of the mineralized zones, evaluate the nature and
distribution of gold in veins and host rock and test the distribution
and frequency of the mineralized veins. An attempt will be made to
determine the geological relationship between the resistivity highs and
gold mineralization. A detailed description of the drill holes and a
location map are posted on the Uranium North website
http://www.uraniumnorth.com/s/goldprojects.asp.
In addition to drilling, detailed geophysical ground surveying and
prospecting are planned. A significant gold grain anomaly that has been
identified 3 kilometres to the south will also be investigated.
Drilling is being carried out by Lantech Drilling Services Inc. using a
heli-portable BBS 25A
Diamond drill. Drill core will be logged on site
by a geologist. Bruce Kienlen, P.Geol, and Graham Gill P.Geo, are the
Qualified Person as defined by National Instrument 43-101, reviewing
data for this property.
About Uranium North
Uranium North Resources is 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
will be drilling the Mallery and Nowyak gold and silver properties and
carrying out a low cost expansion program on the Amer Lake uranium
deposit in 2011.
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
"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."
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.
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Copyright (c) 2011 URANIUM NORTH RESOURCES CORP,. (UNR) All rights
reserved. For more information visit our website at
http://www.uraniumnorth.com/ or send mailto:info@uraniumnorth.com
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