Canadian Mining Journal

News

URANIUM RESOURCE: Amer Lake may contain over 20-M lb U3O8

NUNAVUT – Uranium North Resource Corp. of Vancouver has boosted the inferred uranium resource on its 100% owned Amer Lake property in the Thelon Basin to 20.9 million lb U3O8 from 19.3 million lb. Using a cut-off grade of 0.01% U3O8, the...



NUNAVUT – Uranium North Resource Corp. of Vancouver has boosted the inferred uranium resource on its 100% owned Amer Lake property in the Thelon Basin to 20.9 million lb U3O8 from 19.3 million lb. Using a cut-off grade of 0.01% U3O8, the deposit has an inferred resource of 22.9 million tonnes averaging 0.041% U3O8.

The estimate is based on 62 diamond and reverse circulation drill hole assays to the end of 2011. The resource was estimated using 1.5-meter composites of the assay values, with “zero” grade inserted into intervals that were not sampled.

Uranium North believes the Amer Lake basin thickens to the west providing additional uranium opportunities in the region. Eleven additional claims totaling 20,756 acres have been staked in this area.

Additional information and maps are available at UraniumNorth.com.