Nov 8 2010
Uranium North Resources Corp. (TSX VENTURE:UNR) announces high gold and copper results on its 100% owned Robin prospect located within the Aura Consolidated Gold project in Nunavut.
Samples assayed as high as 11.75 g/T gold and 2.18% copper. In addition, Uranium North has extended the historical zone of mineralization to 2.6 kilometres from 1.8 kilometres as a result of prospecting.
"These are very promising results for a first pass prospecting program. This is especially so considering the mineralization appears to be along a continuous gold bearing structure. There are no historical reports confirming prior gold exploration on the property," says Mark Kolebaba, President and CEO of Uranium North Resources.
Mineralization at Robin appears to be related to quartz veins and granitic rocks along a north south trending structural linear feature. A total of 52 rock samples were collected along the trend with results clearly demonstrating that the entire structure is gold bearing and several areas containing high grade assays have been identified. Six areas along the trend yield samples assaying 1.0 g/T to 11.75 g/T Au. These areas are considered immediate high interest for follow up exploration. In addition, 16 samples along the structure contain gold ranging from 0.1 to 0.746 g/T Au and 20 samples assaying 20 to 100 ppm Au that will require additional prospecting and more detailed sampling.
Sampling in 2010 also confirms the presence of significant copper mineralization with 2 samples assaying 1.9% and 2.2% Cu and nine samples ranging between 0.1% to 0.6% Cu. Other elevated metals identified on the property include silver and lead. Silver assays ranging from 1.0 to 16.2 g/T Ag were observed in 16 samples and lead assays ranging from 0.14% to 1.14% Pb were observed in 4 samples.
The 2010 prospecting program was conducted to confirm historically reported gold, copper and silver mineralization on the property. An unconfirmed surface sample with 0.55 oz/ton (18.9 g/T) Au, 1.56 oz/ton (53.5g/T) Ag, and 9.91% Cu was reported to have come from the property in 1964, however a location for the sample was not provided. Although this sample site was not located, the new sites with gold, silver and copper confirm the potential of the property.
A review of geochemistry from soil samples collected at Robin and a detailed structural analysis of the property will be completed prior to planning the 2011 exploration program.
Linda Erdman, P.Geo., and Geoffrey Goodall, P.Geo., are responsible for the 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. Bruce Kienlen, P.Geol., is the Qualified Person as defined by National Instrument 43-101, reviewing the 2010 lab results.
Source: Uranium North Resources Corp.