Uranium North Commences Drilling on the Amer Lake Deposit
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 06/21/11 -- Uranium North Resource Corp. ('Uranium North' or the 'Company') (TSX VENTURE: UNR) announces drilling is underway on the Company's 100% owned Amer Lake project in Nunavut. The program is designed to test for additional uranium mineralization along strike of the Main Zone deposit in an attempt to increase the existing 19.3 million pound uranium resource(i).
During an initial program approximately 20 drill holes southeast of the inferred resource(i) are planned. An additional 20 holes have been proposed for a second phase program (See Map: http://www.uraniumnorth.com/s/AmerLake-Main.asp).
An important aspect of the program is to identify additional higher grade and thicker zones as observed in drill hole UNR-15. (See news release dated August 6, 2009.)
'The program is focused on drilling the southeastern part of the Main Zone deposit where no drilling has been completed in the past. We hope to add significantly to the resource as we explore this new area,' says Mark Kolebaba, President and CEO of Uranium North Resources Corp.
Reverse circulation drill cuttings will be logged in the field under binocular microscope. A scintillometer will be used to measure intervals with elevated uranium prior to sampling. Geochemical sampling will be conducted every 1.5 metre.
Alan Sexton from Geovector Management Inc. is the acting Qualified Persons 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.
(i) See news release dated September 24, 2009
About Uranium North
Uranium North Resources is a multi-commodity company 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
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 Resources Corp.
Heather Kays
Corporate Communication
604-484-7120
604- 484-7143 (FAX)
info@uraniumnorth.com
www.uraniumnorth.com