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Re: News Release - Tuesday, July 15, 2008
Uranium North Drilling Program Underway at Amer Lake
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Vancouver, July 15, 2008 - Uranium North Resources Corp. (UNR - TSX-V)
announces that the 2008 exploration drilling program on the Company's
100% owned Amer Lake property in Nunavut is underway. The first three
drill collar locations have been located on the *6.7 million pound
historic resource. Phase one of the drill program will consist of an
initial 10 to 15 drill holes focusing mainly on expanding the historic
resource in the Central and Eastern Regions of the property.
The Central Region is defined by a 5 x 7.5 kilometre radiometric
anomaly with numerous outcrops and boulders showing uranium values
ranging from <0.1 to 8.8% U3O8. Within this region, the historic
resource is drill defined as two lobes that extend only 1.5 kilometres
across the western margin of this uranium anomaly. Drill targets in the
Central Region have the potential to significantly expand the historic
resource and increase the uranium grades.
The Eastern Region, which is approximately 10 kilometres east of the
Central Region, hosts several significant targets. A priority drill
target is a geophysical anomaly estimated to be an 8 kilometre long by
200 metre wide sedimentary unit with associated boulders and outcrop
yielding <0.17 to 1.5 % U308.
Historical work on the property focused on complex structural controls
on mineralization. Results of work completed by Uranium North in 2007
suggests that the geological setting of the Amer Lake property may be
analogous to the Tim Mersoi basin in Niger, where large uranium
deposits have been mined since the 1970s. The Company believes that
while structure is important at Amer Lake, stratigraphy appears to be
the main controlling factor for mineralization. This new approach has
been introduced by Mr. Daniel Faure who is currently on site leading
the 2008 exploration activities. Mr. Faure is credited with leading the
team that discovered the Cigar Lake deposit, the world's richest
undeveloped uranium resource.
W.E. Brereton, P Eng, of MPH Consulting Limited is Uranium North's
qualified person with respect to these projects and has reviewed and
approved the technical information in this release.
About Uranium North
Uranium North has rapidly advanced a large property portfolio bringing
3 projects to the drill ready stage. Uranium North's key properties are
located in Nunavut and Saskatchewan, which the company considers to be
the most geologically prospective and politically supportive uranium
mining and exploration districts in Canada
*Not compliant with NI 43-101.This is not a resource estimate and
should not be relied upon as insufficient exploration has been carried
out to delineate a mineral resource and it is uncertain if further
exploration will result in the target being delineated as a mineral
resource.
The sample data reported is from assessment files and other third party
reporting. The accuracy and validity of this historic data has not been
verified by Uranium North or its consultants.
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
The TSX Venture Exchange does not accept 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,
exploitation 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, exploitation and 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) 2008 URANIUM NORTH RESOURCES CORP,. (UNR) All rights
reserved. For more information visit our website at
http://www.uraniumnorthresources.com/ or send
mailto:info@uraniumnorthresources.com
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