KELOWNA, BC, April 22, 2015
/CNW/ - Northern Uranium Corp. (TSXV : UNO) ("Northern
Uranium" or, the "Company") is pleased to provide a progress report
on the drilling at its 50% owned North
West Manitoba property. The Company is in the process
of earning a 70% interest in the project from CanAlaska Uranium Ltd
(TSXV:CVV).
Northern Uranium's winter drill program at Maguire Lake
continues to intersect a substantial hydrothermal alteration zone,
with multiple structures over a 100 metre width and 300 metre
strike length characterized by intense clay-hematite
alteration. Unconformity style uranium mineralization within
the Athabasca basin is associated
with these hydrothermal alteration zones.
Within the last month three holes have been completed on the
project and drilling is currently underway on a fourth. A map
showing the location of these drill holes is available on the
Company's web site. The first significant uranium
mineralization has been detected in hole MG15DD-0012.
Hole MG15DD-0012
Hole MG15DD-0012 has been through the central portion of a large
ground gravity low with IP-resistivity conductive anomalies
coincident with anomalous radon in water. The hole was
drilled with large HQ core through ice at a bearing of 320 degrees
and an inclination of 55 degrees. Bedrock was intersected at
26.1 metres and the hole continues to 350.35 metres. A down
hole gamma ray log was completed and revealed highly anomalous
responses attributable to uranium mineralization between 164 and
238 metres and again between 285 and 347 metres.
The first anomalous zone from 164 to 238 metres was hosted in
sericite and clay altered calc-silicate, massive radioactive clay
and radioactive granite bracketed by very strong clay
alteration. The highest radioactive anomaly (approximately 55
times background) in this section is attributable to a 33cm
silicified breccia with rounded granitic and exotic clasts cutting
radioactive granite. This anomalous intersection is present
within an extensive regional southwest to northeast trending
steeply northwest dipping fault zone.
The second zone anomalous in uranium from 285 to 347 metres
ranges to over 65 times background and is attributable to a
pegmatitic dyke cutting unaltered pelite to a depth of 311 metres
at which point massive unaltered pegmatite was intersected to the
end of the anomalous zone at 347 metres.
High grade uranium mineralization could be situated above, below
or along strike to the southwest or northeast of the first 164 to
238 metre uraniferous zone of hole MG15DD-0012 which encountered
sericite and other clay alteration associated with a regional fault
zone.
Hole MG15DD-0013
Hole MG15DD-0013 was collared along the strike of the fault zone
120 metres to the southwest of hole MG15DD-0012. It was
drilled at the same 320 degree azimuth and 55 degree inclination
and passed directly under vertical drill hole MG15DD-0011.
The hole is located within the same 500 by 800 metre gravity low
and was designed to test an IP and resistivity conductive anomaly
at 100 metres depth and a strongly conductive anomaly at 150 metres
depth.
Bedrock consisting of semipelite with pink granitic stringers
was intersected at 51.2 metres depth and continued to the end of
hole at 215 metres. The hole was ended early due to
deteriorating ice conditions at the drill site. A down hole
gamma ray log to 211 metres depth returned only weak radioactive
spikes at 90 and 150 metres depth. The uranium mineralization
intersected 120 metres to the northeast in hole MG15DD-0012 was far
stronger. The presence of higher grade mineralization to the
northeast is also supported by the recent RadonEx survey which
provided infill coverage of this area and returned higher radon in
water results to the northeast.
Hole MG15DD-0014
Drilling has now commenced on hole MG15DD-0014, located 120
metres along strike to the northeast from hole MG15DD-0012.
This hole is targeting the center of the gravity low which was
previously tested by vertical hole MG15DD-0009 which suffered from
very poor core recovery and the hole was lost before a down hole
gamma ray survey could be completed. In addition hole
MG15DD-0014 targets a conductivity anomaly at 100 metres depth as
well as the anomalous radon in water results returned from the
recent infill RadonEx survey.
Summary
In addition to the very encouraging anomaly presently being
drilled at least 4 additional lake targets and 7 additional land
targets remain to be tested. These anomalies are based on the
results of ground gravity, IP and resistivity surveys, airborne
electromagnetic surveys, RadonEx radon in water surveys and
AlphaTrack radon on land surveys. All of these targets are
up-ice of uraniferous boulders (up to 66%
U3O8) discovered in a prospecting program by
CanAlaska geologists. To better define these targets an
infill radon in water survey by RadonEx Exploration Management has
been completed and a ground gravity survey has been completed in
the field. The results from these surveys are presently being
compiled. A second large diamond drill rig is presently being
mobilized to the project to assist with drilling the lake and land
targets.
The technical information and results reported here have been
reviewed by Chad Ulansky, PGeo, a
qualified person under National Instrument 43-101, who is
responsible for the technical content of this release.
Forward Looking Statements
Some of the statements contained herein may be forward-looking
statements which involve known and unknown risks and
uncertainties. Without limitation, statements regarding
potential mineralization and resources, exploration results, and
future plans and objectives of the Company are forward looking
statements that involve various risks. The following are
important factors that could cause the Company's actual results to
differ materially from those expressed or implied by such forward
looking statements: changes in the world wide price of mineral
commodities, general market conditions, risks inherent in mineral
exploration, risks associated with development, construction and
mining operations, the uncertainty of future profitability and the
uncertainty of access to additional capital. There can be no
assurance that forward-looking statements will prove to be accurate
as actual results and future events may differ materially from
those anticipated in such statements. The Company undertakes
no obligation to update such forward-looking statements if
circumstances or management's estimates or opinions should change.
The reader is cautioned not to place undue reliance on such
forward-looking statements.
Neither 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.
SOURCE Northern Uranium Corp.