Uranium North Awaits Assay Results from the Aura Consolidated Gold Project
VANCOUVER, BRITISH COLUMBIA, Oct. 26, 2010 (Marketwire) -- Uranium North Resources Corp. (TSX VENTURE:UNR) provides an update of the Aura consolidated gold project. During the 2010 field season, a total of 190 rock samples, 372 soil samples, and 77 heavy mineral till samples were collected on exploration permits and claims including the F13, Robin and Nowyak projects. Assays are pending and will be released upon receipt and review.
"A lot of data was collected this year to assess the gold potential of this area and to initiate planning for an extensive drill program in early 2011. We expect to be receiving and reviewing a high volume of assay data over the next few weeks and I look forward to reporting these results to the shareholders," says Mark Kolebaba, President of Uranium North Resources.
The Aura Consolidated Gold Project encompasses numerous gold prospects within exploration permits and mineral claims spanning an 80 x 40 kilometre area. The Company is currently focused on three main prospects which are briefly described below.
F13 Project
At F13 results for 43 rock and 223 soil samples are pending. The samples were collected to assess historic results and to determine control factors for high grade gold, silver and copper mineralization. Gold, copper and silver mineralization with iron carbonate alteration is reported to extend over an area 1 x 1 kilometre. Results from historical trenches located on the property assay up to 4.9 oz/ton (168.0 g/T) Au, 1.59 oz/ton (54.5 g/T) Ag and 21.4% Cu.
Robin
At Robin results for 50 rock and 149 soil samples are pending. The Robin copper, gold and silver prospect was reported as a 60 to 200 metre wide gossanous boulder and outcrop zone extending for 1.6 kilometres. Historical surface sample results reported assays up to 0.55 oz/ton (18.9 g/T) Au, 1.56 oz/ton (53.5g/T) Ag, and 9.91% Cu. The 2010 prospecting program was conducted to confirm the presence of gold, copper and silver mineralization, determine the extent and identify possible drill targets.
Nowyak
At Nowyak, results for 55 rock samples are pending. Nowyak is centered over an intense 40 to 80 metres wide sericite - carbonate - pyrite altered shear zone that extends for 20 kilometres. The 2010 exploration program was conducted to confirm high grade gold and silver mineralization. Several high grade gold bearing zones have been reported along part of the structure. Historical highlights reported for these zones include:
1) 8.62 g/T gold from 2 metres of drill core
2) 35.5 g/T gold with, 172 g/T silver
3) 117 g/T gold with 1420 g/T silver
4) 88.8 g/T gold over 1 metre
5) 51 g/T gold over 2 metres
Prospecting Permits
A total of 43 rock and 77 heavy mineral till samples were collected on the Exploration Permits. These results will help track gold grains in till back to new bedrock sources. These results are pending and will be used to track gold grains in till to new bedrock sources.
About Uranium North
Uranium North Resources Corp. has generated and advanced 6 gold properties in central Nunavut. The Company also owns 100% of the Amer Lake uranium deposit, one of the largest uranium resources in Nunavut.
Linda Erdman, P. Geo and Geoffrey Goodall, P. Geo are responsible for design and execution of the 2010 program and have reviewed historical reports for the property. The historical work has not been verified by the Company, however, it appears to have been completed under standard best practices consistent with the time and appears to be of reasonable quality in comparison with the 2010 data.
On behalf of Uranium North Resources
Mark Kolebaba, President and CEO
