Uranium North Resources

Published : February 01st, 2011

Identifies Expansion Possibilities on the Mallery Lake Gold/Silver Project

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Keywords :   Silver | Uranium |


     
Uranium North Identifies Expansion Possibilities on the Mallery
      Lake Gold/Silver Project


=======================================================================

- Uranium North Resource Corp. demonstrates through a
rock and soil sampling program that gold is present in the volcanic
rock that hosts the gold bearing veins at Mallery. The combined
mineralization within the veins and the adjacent volcanic rock
considerably increases the mineralized width potential for the project.
In addition, the 2010 rock and soil samples collected from the property
suggest mineralization at Mallery is significantly more widespread than
previously known. The Mallery Lake project is located in Nunavut and is
100% owned by the Company.

Mineralized veins have yielded gold assays greater than 1 g/T Au up to
54 g/T Au. Silver / gold values occur on a 1:1 to 1:5 ratio with silver
ranging from  < 1 g/T to 272 g/T. (See October 14, 2010 news release) 
Recent rock samples collected over sizeable intervals of the volcanic
rock hosting the veins have also yielded gold mineralization. Of
particular interest is a composite grab sample yielding 2.19 g/T Au
over 8 metres, and chip samples of volcanic rocks with minor quartz
vein material returning 1.45 g/T Au over 3 metres and 0.92 g/T Au over
2 metres. Recognizing that gold mineralization occurs in the host rock
as well as the quartz veins increases the potential for wider zones of
mineralization.
 
Interpretation of soil sample results collected over the project area
indicates that the gold and silver mineralization may be more extensive
than outcrop exposure demonstrates. Mineralization may be continuous
between outcrop exposures along strike for at least 800 metres by 700
metres.

"Based on these data, we feel Mallery has the signature of a large
mineralized gold and silver system. We are designing a drill program to
test the mineralization with the goal of increasing the size of the
known system significantly," says Mark Kolebaba President and CEO of
the Company.

Planning for a 2011 exploration program at the Mallery Lake Property is
underway.  Plans include drilling up to 2000 metres and a detailed
sampling program.

About Uranium North

Uranium North owns 100% interest in four drill ready gold/silver/copper
projects and one gold/silver  project.  The company also owns four
uranium projects including the Amer Lake project which contains a 19.3
million pound uranium resource.

Graham Gill, P.Geo., is the Qualified Person as defined by National
Instrument 43-101, reviewing the 2010 lab results for the Mallery Lake
project. The 2010 sample results described in this news release were
collected to determine the presence or absence of gold and silver
mineralization and should not be interpreted as being representative of
average grades. Samples were prepared and analyzed at ALS Canada Ltd.
using the ultra low detection limit multi-element package ME-MS41L on a
sample size of 0.5 grams. The sample is digested by aqua regia and
finished with ICP-AES or ICP-MS. Coarse materials such as native gold
may not be detected in such a small sample size so gold content was
reanalyzed using analytical method AU-TL43 on a 12.5 gram sample size.
This method uses an aqua regia digestion with an ICP-MS finish.

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.


Uranium North Resources

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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.

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Annual reports of Uranium North Resources
2007 Annual Report
Financings of Uranium North Resources
2/9/2011Completes $8.0 Million Brokered Private Placement
6/24/2009Completes Flow-Through Financing
6/18/2008Completes Flow-Through Financing
11/30/2007Applies for Extension of Expiry Date of Warrants
8/27/2007Completes First Tranche Of Flow-Through Financing
8/8/2007Announces Flow-Through Financing
Nominations of Uranium North Resources
9/23/2008Appoints Vice President Of Exploration
1/24/2008 Appoints Uranium Expert To Board Of Directors
5/24/2007Appoints Manager Of Corporate Communications
Project news of Uranium North Resources
10/23/2012Diamonds North and Uranium North Report Acquisition of Talis...
10/18/2012Diamonds North and Uranium North Report High Gold and Silver...
9/18/2012And Diamonds North To Evaluate Gold Potential Of The Alder M...
8/22/2012(Amer Lake)Receives Graphite Results for the Amer Lake Project
8/14/2012and Diamonds North Complete Work on the Golden Reward Projec...
7/26/2012and Diamonds North Commence Exploration Program on Empire Cr...
7/18/2012Diamonds North and Uranium North Acquire Gold Property in Wa...
6/7/2012and Diamonds North Begin Exploration on the Poland China Gol...
5/31/2012CORRECTION: Uranium North and Diamonds North Acquire Gold Pr...
5/31/2012and Diamonds North Acquire Gold Projects in Washington State
5/16/2012Discovers Significant Graphite on Amer Property and Stakes N...
5/3/2012(Amer Lake)Provides Updated Amer Lake Uranium Resource Calculation
1/12/2012Discovers New High Grade Gold and Silver Zones at Nowyak
10/12/2011Completes Drilling on the Mallery Gold/Silver Project
9/2/2011(Amer Lake)Completes Drilling on the Amer Lake Uranium Deposit
7/13/2011Reports Drill Program Underway on the Mallery Gold - Silver ...
7/8/2011(Amer Lake)Reports Scintillometer Readings Indicate the Amer Lake Main ...
6/23/2011Reports Drill Mobilization Underway on the Mallery Gold - Si...
6/21/2011(Amer Lake)Commences Drilling on the Amer Lake Deposit
6/8/2011(Amer Lake)Mobilizes Drill to the Amer Lake Property
5/10/2011(Amer Lake)Mobilizes for Drilling at the Amer Lake Project
5/4/2011Stakes Additional Land at Mallery Gold / Silver Project and ...
4/21/2011acquires data to rapidly advance the Nowyak Gold / Silver Pr...
2/1/2011(Mallery Lake)Identifies Expansion Possibilities on the Mallery Lake Gold/...
12/1/2010(F 13)Identifies High Gold, Silver and Copper Mineralization on th...
2/1/2010(Kam)Identifies Gold Potential on KAM Property
8/6/2009(Amer Lake)Outlines 19.3 Million Pound U3O8 Inferred Resource at Amer L...
5/28/2009(Amer Lake)Completes Phase 1 Drilling at Amer Lake, Assays Pending
1/23/2009(Amer Lake)Identifies the Potential for 11 to 17 Million Pounds U3O8 at...
12/4/2008(Kam)Intersects Uranium Mineralization with Grades Up to 1.59% (3...
11/26/2008(Thelon Project (south Baker))Drills Three Uranium Rich Zones at Hawk and Extends Minerali...
9/10/2008(Kam)Intersects Zones of Anomalous Radioactivity in Five Drill Ho...
7/24/2008Starts Drilling at South Baker, New Uranium Mineralized Zone...
7/15/2008(Amer Lake)Drilling Program Underway at Amer Lake
2/20/2008(Kam)Identifies New High-Grade Uranium Target at KAM
6/28/2007(Thelon Project (south Baker))Acquires Claims Over Boulder Yielding 38% U3O8 And Provides ...
Corporate news of Uranium North Resources
2/19/2013Amalgamation of Uranium North and Diamonds North Complete; A...
2/8/2013and Diamonds North Shareholders Approve Amalgamation
10/16/2012and Diamonds North New Focus on Gold in Washington State is ...
10/11/2012and Diamonds North Announce Trenching Commences on the Polan...
10/4/2012Diamonds North and Uranium North Identify Gold Target Areas ...
6/13/2012And Diamonds North Continue To Build A Postion In Washington...
1/19/2012(Mallery Lake)Intersects Gold at the Mallery Lake Project
7/19/2011Initiates Program on the Nowyak Gold and Silver Property in ...
7/13/2011Reports Option Grants
7/6/2011Identifies New High Grade Gold and Silver Zones on the Nowya...
6/29/2011Announces Exploration Program to Begin on the Nowyak , F13 a...
5/17/2011Identifies Additional Targets on the Robin Project
8/18/2010Begins Exploration Program on the Aura Gold Project
8/12/2010Expands Mallery Lake Gold Target
7/16/2010Mallery Lake Gold Exploration Program Underway
7/8/2010Completes First Tranche Of Financing
11/26/2009Option Grants
11/18/2009Featured on CEO Clips on the Biography Channel
6/10/2009Identifies High Priority Targets on Yathkyed Property
5/28/2009Announces Financing
1/13/2009Expands the Amer Lake Main Zone Uranium Deposit 550 Metres S...
8/21/2008AGM Reminder
5/7/2008 Announces Financing
5/6/2008Announces First Drill Program to Expand U308 Mineralization ...
4/15/2008Targets 24 Metre Thick Uranium Mineralized Zone at Hawk Lake
4/10/2008Extends Terms Of Loan Agreement
2/19/2008Uranium North Awarded Exploration Permits on Baffin Island
2/5/2008Confirms Several Priority Uranium Targets on the Amer Lake P...
1/24/2008Completes Second Tranche Financing
1/21/2008President to present at the Vancouver Resource Investment Co...
12/11/2007Airborne Geophysics Identifies New Targets and Corroborates ...
11/7/2007AMER LAKE RESULTS CONFIRM WIDESPREAD URANIUM MINERALIZATION
10/18/2007Airborne Geophysics Indicate Potential to Expand Known Miner...
9/19/2007Awaits Results From Exploration Program
7/31/2007Mobilizes Crew On The Amer Lake Project In The Thelon Basin
7/5/2007Identifies High Priority Exploration Targets In The Athabasc...
6/13/2007Discovers Historic Data Increasing The Thickness, Grade And ...
4/19/2007Airborne Surveys Completed in Athabasca Basin - Uranium Nort...
2/27/2007Acquires Two Properties with Widespread Uranium Minerlizatio...
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TSX-V (UNR.V)OTHER OTC (URNMF)
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