=======================================================================
Re: News Release - Friday, July 08, 2011
Uranium North Reports Scintillometer Readings Indicate the Amer
Lake Main Zone Deposit Extends to the Southeast
=======================================================================
Vancouver, BC, July 8, 2011 - Uranium North Resource Corp. ("Uranium
North" or the "Company") (TSX-V: UNR) reports that the 8th hole of a
planned 20 hole program is currently being drilled on the 100% owned
Amer Lake deposit located in Nunavut. The 2011 expansion drilling
program is focused on the southeastern extension of the Main Zone
resource*. This area is adjacent to and around drill hole UNR-15 of the
resource which returned the highest grades in the 2008 drill program.
Based on anomalous scintillometer readings from samples collected down
hole, the mineralized horizon extends southeast of the defined
resource*. Radioactive zones have been identified in all completed
holes with the exception of one hole that was lost before reaching the
target depth.
"The Main Zone appears to be extending to the southeast as anticipated.
Depending on the analytical results confirming the U3O8 values, we hope
to see a significant increase in the Main Zone resource," says Mark
Kolebaba, President and CEO of Uranium North Resources.
Samples will be submitted to the laboratory for analysis. Upon
completion of the program and assay analysis, the drill results will be
used to calculate an updated resource estimate.
For drill hole locations (See Map) on the Amer Lake Main Zone page. The
8 drill holes include A1, A, B, C, N, H, I and J.
See map here:
http://www.uraniumnorth.com/s/AmerLake-Main.asp
Alan Sexton from Geovector Management Inc. is the acting Qualified
Person 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.
* See news release dated August 6, 2009.
http://www.uraniumnorth.com/s/NewsReleases.asp?ReportID=358877
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 gold/silver project, the Nowyak gold
deposit 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.
=======================================================================
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
=======================================================================
To Unsubscribe from this email list, please click here:
info@uraniumnorth.com?subject=unsubscribe%20.com
=======================================================================
.
|
Uranium North Resources
|
|
EXPLORATION STAGE |
CODE : UNR.V |
|
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact 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. |