Uranium North Mobilizes for Drilling at the Amer Lake Project
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 05/10/11 -- Uranium North Resource Corp. ('Uranium North' or the 'Company') (TSX VENTURE: UNR) announces that it has mobilized fuel and drilling supplies to the Amer Lake property in Nunavut. Contracts and permits have been finalized for the program. The drill and crew are expected to arrive on site the first week of June to begin drilling operations.
'This is a low cost program that will attempt to expand the Main Zone deposit by 100%,' says Mark Kolebaba, President and CEO of Uranium North Resources.
The planned program will begin with approximately 2,500 metres of reverse circulation drilling. The drill program will test a southern extension of the Main Zone deposit where previous drill results returned up to 0.29% U308 (see news release dated January 14, 2009). The Company has mobilized sufficient fuel and supplies to the region providing the option to increase the program to 5,000 metres.
Bruce Kienlen, P.Geol and/or Graham Gill, P.Geo, are Qualified Persons as defined by National Instrument 43-101 reviewing data for this project.
About Uranium North
Uranium North is exploring five gold properties of which two are candidates for drilling. In addition, the Company is planning an aggressive expansion program on its 100% owned Amer Lake uranium property.
On behalf of Uranium North Resources
Mark Kolebaba, President and CEO
Forward-Looking Information
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.
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.
Contacts:
Uranium North Resource Corp.
Heather Kays
Corporate Communication
604-484-7120
604-484-7143 (FAX)
info@uraniumnorth.com
www.uraniumnorth.com