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Re: News Release - Wednesday, August 22, 2012
Uranium North Receives Graphite Results for the Amer Lake Project
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Vancouver, BC, August 22, 2012 - Uranium North Resource Corp.
("Uranium North" or the "Company") (TSX-V: UNR) announces that it has
received results of a Mineral Liberation Analysis (MLA) of graphite
flake size for four samples from its 100% owned Amer property in
Nunavut.
Results for the samples indicate graphite occurs predominantly as very
fine flake and bleb-like patches finer than 30 micrometres in size
within clay-rick shaley material. The average flake or particle size is
5-15 microns, with a width of 0.3 to 0.5 microns. The graphite bearing
beds extend for kilometres and to date only four samples recovered by
reverse circulation drilling have been analyzed.
The limited amount of sample material tested is not considered amenable
to standard recovery and would likely not produce a concentrate of high
purity. However, these samples represent a very minor portion of the
prospective stratigraphy across the 220 square kilometre basin. More
exploration is warranted to identify higher quality zones of graphite
on the property.
"The next step for the company is to determine what commercial
applications exist for this form of graphite and to identify any
companies that might be interested in a deposit with significant size
and open pit mining potential," says Mark Kolebaba, President of
Uranium North Resources.
Multiple graphite bearing beds ranging from 15 to 25 metres thick have
yielded up to 4.13% graphite (see news release dated May 16, 2012).
These beds have been intersected by two reverse circulation drill
holes 3.1 kilometres apart as well as a core hole drilled 15 kilometres
to the east. The same graphitic units have been identified in three
surface outcrop exposures spanning an area of 22 x 10 kilometres.
The graphitic rocks are flat lying and occur in a basin scale
stratigraphic unit that is a minimum of 60 metres thick and is expected
to extend over a 26 x 8 kilometre area based on geological mapping and
drilling.
The Amer Lake graphite was recognized during the company's uranium
exploration program and was investigated as a reducing environment
favorable for uranium precipitation. This new graphite discovery
increases the attractiveness of Amer property where we have an existing
uranium resource with potential to expand.
The project is 70 kilometres from an all season road that is 120
kilometres to sea access.
The samples analyzed by Act Labs in Ontario, Canada. The samples were
received as minus 2 mm assay reject samples and riffle split to 200
gram sub samples for MLA sample preparation. Screened at 425 microns
(42 Mesh) and the oversize hand crushed to passing 425 micron to
generate 100% passing -42 mesh sample. A manual SEM investigation was
performed by BSE (Back Scattered Electrons) photomicrographs and
verified by Energy Dispersive X-ray Spectrometry.
Bruce Kienlen, P.Geol, and Graham Gill P.Geo, are Qualified Persons as
defined by National Instrument 43-101 reviewing the data in this news
release.
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) 2012 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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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Uranium North Res. est une société d’exploration minière d'uranium basée au Canada. Uranium North Res. détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont MALLERY LAKE, AMER LAKE, THELON PROJECT (SOUTH BAKER), HEPBURN et AURA GOLD PROPERTY au Canada. Uranium North Res. est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 1,7 millions CA$ (1,7 millions US$, 1,2 millions €). La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 1,78 CA$, et son plus bas niveau récent le 15 février 2013 à 0,02 CA$. Uranium North Res. possède 85 555 000 actions en circulation. |