KELOWNA, BC, Aug. 27, 2014 /CNW/ - Northern Uranium
Corp. (TSXV : UNO) ("Northern Uranium" or, the "Company") is
pleased to report the commencement of drilling at its North West Manitoba property.
Northern Uranium has commenced drill testing high priority land
based targets on the Maguire Lake focus area within the
North West Manitoba
property. A rotary air blast (RAB) drill is being used to
locate the bedrock source of the exceptionally anomalous radon
results returned from the AlphaTrack survey. The radon
results, combined with geophysical surveys including magnetic,
electromagnetic, induced polarization and gravity surveys and the
results of extensive prospecting which has located boulders
containing up to 66% U3O8 have identified 39
high priority land targets and 7 high priority and 5 medium
priority lake targets.
Northern Uranium has optioned the Northwest Manitoba project from Canalaska
Uranium Ltd and has the ability to acquire up to an 80% interest in
the project.
The technical information and results reported here have been
reviewed by Chad Ulansky, PGeo, a
qualified person under National Instrument 43-101, who is
responsible for the technical content of this release.
Forward Looking Statements
Some of the statements contained herein may be forward-looking
statements which involve known and unknown risks and
uncertainties. Without limitation, statements regarding
potential mineralization and resources, exploration results, and
future plans and objectives of the Company are forward looking
statements that involve various risks. The following are
important factors that could cause the Company's actual results to
differ materially from those expressed or implied by such forward
looking statements: changes in the world wide price of mineral
commodities, general market conditions, risks inherent in mineral
exploration, risks associated with development, construction and
mining operations, the uncertainty of future profitability and the
uncertainty of access to additional capital. There can be no
assurance that forward-looking statements will prove to be accurate
as actual results and future events may differ materially from
those anticipated in such statements. The Company undertakes
no obligation to update such forward-looking statements if
circumstances or management's estimates or opinions should change.
The reader is cautioned not to place undue reliance on such
forward-looking statements.
Neither 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.
SOURCE Northern Uranium Corp.