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Re: News Releases - Wednesday, October 12, 2011
Uranium North Completes Drilling on the Mallery Gold/Silver
Project
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Vancouver, BC, October 12, 2011 -- Uranium North Resource Corp.
("Uranium North" or the "Company") (TSX-V: UNR) announces the
completion of the 2011 drill program on the Company's 100% owned
Mallery project in Nunavut. Five drill holes totaling 750 metres were
drilled into three known mineralized zones.
"All drill holes intersected silica and quartz veining as anticipated.
This is very encouraging as gold is associated with silica on the
Mallery property," says Mark Kolebaba, President and CEO of Uranium
North Resources.
The Eastern, Northwest and Stockwork zones were drilled. A broad
resistivity anomaly associated with the Stockwork Zone was also tested
and confirmed to be caused by intensive silica alteration and quartz
veining. Laboratory results for the drill core are pending.
The Mallery project is located ~130 km Southwest of Baker Lake in
Nunavut. Surface sampling of mineralized zones at Mallery has yielded
gold values as high as 54 g/T and 272 g/T Ag. This is the first drill
program on the property.
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.
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 completed drilling on the Amer Lake uranium
property and the Mallery gold/silver property as part of the
2011 exploration program.
On behalf of Uranium North Resources
Mark Kolebaba President and CEO
Uranium North Resource Corp
Corporate Communication- Heather Kays
Tel: 604-484 - 7120
Fax: 604- 484 - 7143
Website: www.uraniumnorth.com
Email: info@uraniumnorth.com
Forward-Looking Information
"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."
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.
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Copyright (c) 2011 URANIUM NORTH RESOURCES CORP,. (UNR) All rights
reserved. For more information visit our website at
http://www.uraniumnorth.com/ or send mailto:info@uraniumnorth.com
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Uranium North Resources
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EXPLORATION STAGE |
CODE : UNR.V |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Uranium North Res. is a uranium exploration company based in Canada. Uranium North Res. holds various exploration projects in Canada. Its main exploration properties are MALLERY LAKE, AMER LAKE, THELON PROJECT (SOUTH BAKER), HEPBURN and AURA GOLD PROPERTY in Canada. Uranium North Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 1.7 millions as of today (US$ 1.7 millions, € 1.2 millions). Its stock quote reached its highest recent level on December 31, 2007 at CA$ 1.78, and its lowest recent point on February 15, 2013 at CA$ 0.02. Uranium North Res. has 85 555 000 shares outstanding. |