Uranium North Acquires Data to Rapidly Advance the Nowyak Gold/Silver Project
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 04/21/11 -- Uranium North Resource Corp. (TSX VENTURE: UNR) announces that it has signed an agreement with North Arrow Minerals Inc. to acquire exploration data for the Nowyak gold/silver property in Nunavut. The data includes geophysical, geological and sample assay data for the property. The purchase price for the data is $15,000 cash and 75,000 common shares.
Uranium North owns the Nowyak property 100%. The data was originally collected in the late 1990s and early 2000s. The important components of these data include prospecting results east of the main showings that locate a broad zone of gold values yet to be followed up and digital data from an Induced Polarization survey that may assist in defining drill targets.
Upon detailed review and analysis of this dataset, Uranium North will release any material information that is identified. This agreement is subject to approval of the TXS-Venture Exchange.
Uranium North is exploring five gold properties, of which two are candidates for drilling. In addition, the company is planning an aggressive resource expansion program on its 100% owned Amer Lake uranium property.
This News Release includes certain 'forward-looking statements'. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, future plans and objectives of Uranium North Resource Corp., are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Uranium North Resource Corp.'s expectations are the risks detailed herein and from time to time in the filings made by Uranium North Resource Corp. with securities regulators.
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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Contacts:
Uranium North Resource Corp.
Heather Kays
Manager of Corporate Communications
604-719-3430
604-484-7143 (FAX)
info@uraniumnorth.com
www.uraniumnorth.com