September 10, 2008 09:30 ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 10, 2008) - Uranium North Resources Corp. (TSX VENTURE:UNR) announces that the drilling program on the South Baker property in Nunavut is complete and sample results are pending. The 2008 South Baker program focused on two of the 12 known prospects; South KAM and Hawk.
The objective of the South KAM exploration program was to further outline and expand known mineralized zones. Five of the six holes completed during the drill program intersected zones with anomalous radioactivity, while drill-hole four, located two kilometers west of the South Kam prospect, did not reach bedrock. The drilling has outlined what appears to be two or more north - south trending zones that are open to the north, south and to depth. All holes were drilled at a 45 degree angle to a depth of about 200 metres. Drilling only tested to a maximum vertical depth of about 130 metres. The Company anticipates that the uranium mineralization extends below the tested depth and that similar uraniferous zones may exist to the west. More than 160 core samples have been submitted for uranium assays.
At Hawk, three drill holes were completed during the 2008 program. Anomalous radioactivity was intersected in two of the holes. A total of 69 samples have been submitted for analysis.
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 assembled a highly skilled exploration team who are working to make the next big discovery in Canada's established uranium basins: the Athabasca in northern Saskatchewan, and the Thelon and Baker Lake Basins in Nunavut. In 2008, the company anticipates operating drill programs on three of its foundational properties and spending approximately C$4 million on advanced exploration.
On behalf of Uranium North Resources Corp.
Mark Kolebaba, President and CEO
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, 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.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Uranium North Resource Corp.Heather KaysCorporate Communications(604) 484-7120(604) 484-7143 (FAX)Email: email@example.comWebsite: www.uraniumnorth.com
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