Uranium North Resources Corp.

Uranium North Resources Corp.

September 01, 2011 10:00 ET

Uranium North Completes Drilling on the Amer Lake Uranium Deposit

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 1, 2011) - Uranium North Resource Corp. ("Uranium North" or the "Company") (TSX VENTURE:UNR) announces the completion of the 2011 drill program on the Company's 100% owned Amer Lake uranium deposit in Nunavut. The program was designed to test for additional uranium mineralization along strike of the Main Zone deposit in an attempt to increase the existing 19.3 million pound uranium resource*.

A total of 15 reverse circulation drill holes were completed to the southeast of the inferred resource to a maximum depth of 204 metres. All of the drill holes reported elevated and anomalous scintillometre readings with the exception of three holes that did not reach their target depth due to drilling difficulties.

"The anomalous and elevated CPS (counts per second) readings suggest the 2011 Amer Lake program successfully expanded mineralization at the Main Zone to the southeast. The lab will allow us to determine to what extent we are able to increase the current resource," says Mark Kolebaba, President and CEO of Uranium North Resources Corp.

All samples have either been received by the lab or en-route to the lab for assay testing. The results will be used to calculate an updated resource on the Amer Lake deposit.

Alan Sexton from GeoVector Management Inc. is the acting Qualified Persons for the field operation. Bruce Kienlen, P.Geol, and Graham Gill P.Geo, are Qualified Persons as defined by National Instrument 43-101, assisting in reviewing data for this property.

* 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 is currently drilling the Mallery Lake gold project.

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."

Contact Information