Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Northern Uranium Corp V.UNO.H

Alternate Symbol(s):  NRUNF

Northern Uranium Corp. is a Canada-based exploration stage company. The Company's focus is to discover uranium deposits at its Northwest Manitoba project. These deposits are of the unconformity type, situated near the boundary of the overlying basin sediments and underlying basement rocks. The Northwest Manitoba project is located along the extension of the Mudjatik Wollaston tectonic zone which hosts various uranium deposits within the Athabasca Basin.


TSXV:UNO.H - Post by User

Bullboard Posts
Post by speculatoron Dec 22, 2014 12:36pm
85 Views
Post# 23256287

NEWS

NEWS

Mr. Chad Ulansky reports

NORTHERN URANIUM DRILLING INTERSECTS PROMISING ALTERATION

Northern Uranium Corp. is providing a progress report on the drilling at its 50-per-cent-owned North West Manitoba property.

Northern Uranium is pleased to report that both the Rotary Air Blast (RAB) and diamond drill teams have been making good progress.

Diamond Drilling

The diamond drill hole (MG14DD-0007) announced on December 12, 2014 targeting a coincident gravity low and strongly anomalous radon results has now been completed. The hole, drilled at -60 degrees dip towards the southeast, intersected bedrock 57 meters down the hole. Thus the till was 49.4 meters thick. Drilling continued to 159 meters and intersected granitic pegmatite, granite, limonitized semi-pelite and chloritized pelite. Alteration persists throughout the entire length of the hole in varying degrees of intensity. Chloritization of biotite is pervasive but it most intense in semipelitic and pelitic units. Hematization is patchy but becomes strongly pervasive beyond 140.4 meters. Similarly, though limonization is pervasive throughout the hole it especially strong towards the end of the hole. The extensive alteration indicates that there has been substantial fluid movement through the rocks, which is necessary for the formation of uranium mineralization.

There were three friable sections within the hole associated with hydrothermal alteration which are potentially fault zones. They were located at 75.0 to 78.5m, 117.0 to 117.4m and 119.4 to 120.0 m down the hole.

Anomalous uranium mineralization was detected in four locations down this hole. This uranium mineralization was detected in half meter intervals at 85, 91, 106.5 and 147 meters down hole. Samples from these intervals have been collected and will be sent for assay. The Company's geologists are extremely encouraged by the alteration and mineralization seen in the hole as it suggests that significant uranium mineralization may be nearby. A second hole to test this anomaly is now being planned.

RAB Drilling

Since the news release on December 12, 2014 the RAB drill has completed 3 holes, continuing the fence of holes across the anomaly tested by the previously announced two holes. Hole MG14RB-0012A intersected granitic and semi-pelitic bedrock at approximately 10 meters. Drilling continued to 21 meters. The uppermost bedrock sample showed elevated Uranium 238, Radium 226 and Lead 210 as compared to samples either in the overlying overburden or deeper down the hole.

Hole MG14RB-0013A intersected calc-silicate bedrock at approximately 9.7m through to the end of hole at 13.5 meters.

Hole MG14RB-0014A intersected semi-pelite bedrock at approximately 11.3m. The bedrock was intensely hematized through to the end of hole at 15 meters, a positive sign for potential uranium mineralization as it indicates fluid movement through the bedrock.

The Company's drill teams are now off for the Christmas break and will recommence work immediately after New Years.

The technical information and results reported here have been reviewed by Chad Ulansky, PGeo, a qualified person under National Instrument 43-101, who is responsible for the technical content of this release.

We seek Safe Harbor.

Bullboard Posts