April 20, 2009 10:55 ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 20, 2009) - Uranium North Resources Corp. (TSX VENTURE:UNR) announces plans for a 2000 to 3000 metre drill program on the Company's 100% owned Amer Lake Property in Nunavut. The program is planned to commence around the end of April with an objective of defining a significant resource under the guidelines of NI 43-101.
The program is focused on evaluating: 1) the continuity of the mineralization within the Amer Lake deposit and 2) expansion possibilities to the south of the 6.7 to 12.3 million pound historic uranium resource(i) in an attempt to reach the 2009 deposit target of 11.5 to 17.6 million pounds(ii) recently calculated by the Company (see news release dated January 23rd, 2009).
Construction of an ice airstrip for the mobilization of equipment and supplies is complete.
The Property is located 145 kilometres north of Baker Lake and 70 kilometres northwest of an all-season road which extends from Baker Lake to the Meadowbank gold deposit.
Allan Armitage, Ph.D, P.Geol., Vice President - Exploration of Uranium North, is a Qualified Person as defined by National Instrument 43-101, and is responsible for quality control of exploration undertaken by the Company and has reviewed and approved the technical information in this release.
(i) Not compliant with NI 43-101. This is not a resource estimate and should not be relied upon as insufficient exploration has been carried out to delineate a mineral resource.
(ii) The potential quantity and grade is conceptual in nature and there has been insufficient exploration to define a mineral resource. It is uncertain if further exploration will result in the target being delineated as a mineral resource.
On behalf of Uranium North Resources
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, 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 Resources Corp.Heather KaysCorporate Communication604-484-7120604-484-7143 (FAX)email@example.com
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