Uranium North Announces Exploration Program to Begin on the Nowyak, F13 and Robin Properties
June 29 2011 - 10:17AM
Marketwired
Uranium North Resource Corp. ("Uranium North" or the "Company")
(TSX VENTURE: UNR) reports that planning for the 2011 exploration
and drilling programs are underway on the Company's 100% owned
Nowyak, F13 and Robin projects in Nunavut.(i) Plans for the Nowyak
program include prospecting and geophysical surveying followed by
an August drill program. Plans for the F13 and Robin projects
include detailed prospecting and geophysics to delineate targets
for future drilling.
Land use permits and a water license have been granted for the
projects. Geological and geophysical crews have been assembled and
a drill has been secured for Nowyak. Ground surveying is expected
to begin on all three properties in early July. Prospecting and
geophysical surveying at Nowyak will focus on high gold, silver and
copper values reported at 4 locations along a 6 kilometre
structure. Drilling is planned to test the most prospective areas.
The highest assay obtained by the Company on Nowyak was 32.9 g/T
gold, 1350 g/T silver and 4.2% copper while historical assays
reported 117 g/T gold and 1420 g/T silver.(i)
The work presented in this update is part of a larger
exploration program by the Company with drilling currently underway
at the Amer Lake uranium deposit and soon to begin at the Mallery
gold project.
(i)See news releases dated August 18, 2010 and January 12,
2011.
Bruce Kienlen, P.Geol, and Graham Gill P.Geo, are the Qualified
Persons as defined by National Instrument 43-101, reviewing data
for these properties and developing the programs.
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 Resource Corp. Heather Kays Corporate
Communication 604-484-7120 604-484-7143 (FAX) info@uraniumnorth.com
www.uraniumnorth.com
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