KELOWNA, BC, June 17, 2015 /CNW/ -Northern Uranium
Corp. (TSXV : UNO) ("Northern Uranium" or, the "Company") is
pleased to provide a progress report on its 50% owned North West Manitoba project. The Company
can earn up to an 80% interest in the project from CanAlaska
Uranium Ltd (TSXV:CVV).
Northern Uranium has commenced its summer drill program at
Maguire Lake utilizing two large core drills.
One drill is testing the extension of the newly discovered 100
metre wide by 300 metre strike length hydrothermal alteration zone
beneath Maguire Lake. This zone is open both along strike and
to depth and is characterized by intense clay-hematite alteration
with elevated uranium values as determined by down hole gamma
probing. Unconformity style uranium mineralization
within the Athabasca basin is
associated with these hydrothermal alteration zones.
The second drill is targeting another gravity low with a
sympathetic resistivity low and RadonEx radon-in-water anomaly
adjacent to the shore of the lake.
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.