Nov 18 2010
Uranium North Resources Corp. (TSX VENTURE:UNR) has introduced the 100% owned AN project within the Aura Consolidated Gold permits in Nunavut.
Historical surface rock samples at AN yielded high gold, silver and copper including reports of one sample assaying 72 g/T gold, 1193 g/T silver and 6.9% copper.
"The AN project is one of five 100% owned advancing gold/silver projects recently acquired by the Company. These projects along with the company's advanced uranium projects allow the shareholders to participate in the gold, silver and energy markets," says Mark R. Kolebaba, President and CEO of the Company.
The mineralization at AN appears to be related to a lithological/structural unit that is estimated to extend for a minimum of 5 kilometres. According to historical reports only 400 metres of this structure has been tested with 25 surface rock samples.
Of the 25 historical rock samples reported, 18 contained high concentrations of gold, copper and/or silver. The area with high grade gold, silver and copper was tested in the late 1970's with a single hole drilled to a total depth of 40 metres. After review of related data and recognition of the high grade metal content, the Company has concluded that the project was insufficiently tested and warrants further exploration.
Plans for the AN project include detailed prospecting and sampling of the known mineralized area in preparation for drilling. Regional prospecting along the extension of the lithological /structural unit will be completed in an attempt to identify additional areas with mineralization. The AN project is strategically located 10 kilometres north of F13 and 20 kilometres south of Robin, two other gold / silver projects owned by the Company. Work on all three projects will be completed under the unified Angikuni Lake project resulting in lower overall exploration costs.
Source: Uranium North Resources Corp.