Uranium North Completes Drilling on the Mallery Gold/Silver Project
Vancouver, BC, October 12, 2011 – Uranium North Resource Corp. (“Uranium North” or the “Company”) (TSX-V: UNR) announces the completion of the 2011 drill program on the Company's 100% owned Mallery project in Nunavut. Five drill holes totaling 750 metres were drilled into three known mineralized zones.
“All drill holes intersected silica and quartz veining as anticipated. This is very encouraging as gold is associated with silica on the Mallery property,” says Mark Kolebaba, President and CEO of Uranium North Resources.
The Eastern, Northwest and Stockwork zones were drilled. A broad resistivity anomaly associated with the Stockwork Zone was also tested and confirmed to be caused by intensive silica alteration and quartz veining. Laboratory results for the drill core are pending.
The Mallery project is located ~130 km Southwest of Baker Lake in Nunavut. Surface sampling of mineralized zones at Mallery has yielded gold values as high as 54 g/T and 272 g/T Ag. This is the first drill program on the property.
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.
It's all happened before and it will all happen again. Might as well profit from it.
