Uranium North Mobilizes Drill to the Amer Lake Property
08 Juin 2011 - 4:00PM
Marketwired
Uranium North Resource Corp. ("Uranium North" or the "Company")
(TSX VENTURE: UNR) reports that the drill is being mobilized for
the 2011 drill program on the Company's 100% owned Amer Lake
uranium project in Nunavut. The program will attempt to increase
the 19.3 million pound uranium resource(i). Drilling is expected to
begin around the second week of June.
The proposed program entails at least 2500 metres of reverse
circulation drilling by Northspan Explorations Ltd., on the
southeast extension of the Main Zone, a uranium bearing arkosic
sandstone unit. Geology and geophysics indicate the Main Zone
extends to the southeast.
"Continuing to expand our uranium resource at a low cost, allows
the company to develop an existing asset in a commodity that is
projected to have a long term supply deficit. Our goal this year is
to continue to participate in uranium exploration while advancing
our gold and silver projects," says Mark Kolebaba, President and
CEO of Uranium North Resources.
A contract has been signed with Geovector Management Inc. to
oversee the field operation and to complete an independent NI
43-101 resource update and accompanying report. Geovector completed
the initial NI 43-101 resource and report(i) in 2009.
Bruce Kienlen, P.Geol, and Graham Gill P.Geo, are the Qualified
Persons as defined by National Instrument 43-101, reviewing data
for this property. Personnel from Geovector will also act as
Qualified Persons for the field operation and for the updated
resource estimation on this project.
(i)See news release dated September 24, 2009
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 will be drilling the Mallery
gold/silver project, the Nowyak gold deposit and carrying out a low
cost expansion program on the Amer Lake uranium deposit in
2011.
On behalf of Uranium North Resources
Mark Kolebaba, President and CEO
Forward-Looking Information
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.
"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."
Contacts: Uranium North Resource Corp. Heather Kays Corporate
Communication 604-484-7120 604-484-7143 (FAX) info@uraniumnorth.com
www.uraniumnorth.com
Uranium North Resources Corp. (TSXV:UNR)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Uranium North Resources Corp. (TSXV:UNR)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024