Uranium North Reports Drill Program Underway on the Mallery Gold-Silver Project
July 13 2011 - 9:30AM
Marketwired
Uranium North Resource Corp. ("Uranium North" or the "Company")
(TSX VENTURE: UNR) reports that the drill program has commenced on
the Company's 100% owned Mallery gold-silver project in Nunavut.
Approximately 1000 metres of drilling are planned for the project.
On Mallery, there are four outcrop exposures with mineralized
veins over an 800 by 800 metre area. Geophysical and geochemical
data suggests that the areas could be part of one large system.
Drill holes are planned to test the continuity of mineralization on
the four areas plus a fifth geophysical target. Please view the new
Mallery project video on our company website at
www.uraniumnorth.com.
"The accompanying video presentation and map describing the
program demonstrate why we are excited about Mallery. It is a
program designed to evaluate the continuity, grade and width of
high grade gold and silver veins. We are ultimately testing for the
presence of a deposit with open pit mining potential," says Mark
Kolebaba, President and CEO of Uranium North Resources.
The 2011 Mallery drill program will test the width and strike
characteristics of the mineralized zones, evaluate the nature and
distribution of gold in veins and host rock and test the
distribution and frequency of the mineralized veins. An attempt
will be made to determine the geological relationship between the
resistivity highs and gold mineralization. A detailed description
of the drill holes and a location map are posted on the Uranium
North website www.uraniumnorth.com/s/goldprojects.asp.
In addition to drilling, detailed geophysical ground surveying
and prospecting are planned. A significant gold grain anomaly that
has been identified 3 kilometres to the south will also be
investigated.
Drilling is being carried out by Lantech Drilling Services Inc.
using a heli-portable BBS 25A diamond drill. Drill core will be
logged on site by a geologist. Bruce Kienlen, P.Geol, and Graham
Gill, P.Geo, are the Qualified Person as defined by National
Instrument 43-101, reviewing data for this property.
About Uranium North
Uranium North Resources is 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 and Nowyak gold and silver
properties 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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