Jan 13 2011
Uranium North Resources Corp (TSX VENTURE:UNR) announces high gold, silver and copper results on its 100% owned Nowyak property in Nunavut. Surface grab samples have yielded values as high as 32.9 g/T gold, 1,350 g/T silver and 4.2% copper.
"We have identified several high priority drill targets along what appears to be a very large underexplored mineralized system. We are currently planning a drill program to test these targets," says Mark R. Kolebaba, President and CEO of the Company.
Gold mineralization occurs along a reported 200 to 300 metre wide altered shear zone called the Komatic structure that may extend at least 20 kilometres. Based on historical and 2010 rock sampling, 5 areas with high gold have been identified along a 6 kilometre portion of this structure.
Mineralization along the Komatic structure appears to be associated with late granitic intrusions and oblique, cross-cutting faults parallel to a large regional fault zone within the immediate area. Alteration mineralization along the Komatic shear zone includes sericite, carbonate, chlorite, pyrite and silica. High gold, silver and copper values are common in samples along the southern portion of the Komatic shear zone.
A total of 56 grab samples were collected along the structure. Twenty samples yielded gold values above 1 g/T, 10 samples with greater than 10 g/T silver and 12 samples with greater than 0.1% copper. The top 21 gold samples are shown below.
Future plans for Nowyak will focus on drilling known targets. Prospecting, rock sampling and soil geochemistry will be conducted to better define new targets on the property. Additional geophysical and geochemical surveying along the Komatic shear zone is planned.
Historical data including IP, magnetics, EM and soil geochemistry is currently being utilized in the development of drill targets. Several coincident geophysical and geochemical anomalies exist for testing.
Source: Uranium North Resources Corp