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Uranium North Resource Signs Agreement with North Arrow Minerals

By Joel ScanlonApr 26 2011

Uranium North Resource has signed an agreement with North Arrow Minerals to buy information to explore the Nowyak gold/silver property in Nunavut. This data consists of geophysical, geological and sample assay information of the Nowyak property. The cost price of this data is $15,000 in cash and 75,000 ordinary shares.

The company has 100% interest in the Nowyak property. At first, the data was gathered in the late 1990s and early 2000s. The positive results from the east showings, which locates wide gold zones and the digital data from Induced Polarization survey, which supports to describe drill target areas are the significant components included in these data.

Uranium North will provide any identified material data apart from the comprehensive survey and dataset examination.

Five gold properties are explored by the company and only two properties are subjected to drilling. Additionally, Uranium North has planned to organize resource expansion program aggressively on its Amer Lake uranium property.

Source: http://www.uraniumnorth.com/

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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Scanlon, Joel. (2019, March 19). Uranium North Resource Signs Agreement with North Arrow Minerals. AZoMining. Retrieved on April 16, 2024 from https://www.azomining.com/News.aspx?newsID=3982.
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Scanlon, Joel. "Uranium North Resource Signs Agreement with North Arrow Minerals". AZoMining. 16 April 2024. <https://www.azomining.com/News.aspx?newsID=3982>.
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Scanlon, Joel. "Uranium North Resource Signs Agreement with North Arrow Minerals". AZoMining. https://www.azomining.com/News.aspx?newsID=3982. (accessed April 16, 2024).
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