Uranium North Resources Corp fka UNR (UNR)

[EnergyGuy62]

Uranium North Outlines 19.3 Million Pound U3O8 Inferred Resource at Amer Lake; Deposit Remains Open Along Strike and Down Dip

Vancouver, August 06, 2009 - Uranium North Resources Corp (UNR - TSX-V) announces the completion of a National Instrument 43-101 ("NI 43-101") compliant inferred mineral resource calculation for the Main Zone deposit on its 100% owned Amer Lake property in Nunavut. This new resource calculation is significantly higher than the historic estimate and represents what the Company believes is a portion of a much larger deposit on the property.

Based on cut-off grades ranging from 0.01 to 0.06% U3O8, the interim resource calculation outlines 19.3 to 7.3 million pounds of uranium grading at 0.04 to 0.11% U3O8 respectively (Table 1).

Using the current industry standard cut-off grade of 0.01% U3O8, a resource of 19.3 million pounds at an average grade of 0.04% U3O8 has been defined.

(Reader please note that this is just an excerpt from a much larger news release. I did not include all of it because I use a web TV Plus to access the internet. The Plus is great for copying text but terrible for copying tables and columnar assays.

If you would like to see the complete report, please go to their website http://www.uraniumnorth.com

The resource calculation outlines 12.9 million pounds U3O8 grading 0.07% U3O8 using a 0.04% cut-off or 9.7 million pounds grading 0.09% U3O8 using a 0.05% U3O8 cut-off. This is a significant increase from the historic estimate of 6.7 million pounds grading 0.07% U3O8 at a cut off of 0.05% U3O8.