VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 26, 2010) - Uranium North Resources Corp. (TSX VENTURE:UNR)provides an update of the Aura consolidated gold project. During the2010 field season, a total of 190 rock samples, 372 soil samples, and77 heavy mineral till samples were collected on exploration permits andclaims including the F13, Robin and Nowyak projects. Assays are pendingand will be released upon receipt and review.
"Alot of data was collected this year to assess the gold potential ofthis area and to initiate planning for an extensive drill program inearly 2011. We expect to be receiving and reviewing a high volume ofassay data over the next few weeks and I look forward to reportingthese results to the shareholders," says Mark Kolebaba, President of Uranium North Resources.
TheAura Consolidated Gold Project encompasses numerous gold prospectswithin exploration permits and mineral claims spanning an 80 x 40kilometre area. The Company is currently focused on three mainprospects which are briefly described below.
F13 Project
AtF13 results for 43 rock and 223 soil samples are pending. The sampleswere collected to assess historic results and to determine controlfactors for high grade gold, silver and copper mineralization. Gold,copper and silver mineralization with iron carbonate alteration isreported to extend over an area 1 x 1 kilometre. Results fromhistorical trenches located on the property assay up to 4.9 oz/ton(168.0 g/T) Au, 1.59 oz/ton (54.5 g/T) Ag and 21.4% Cu.
Robin
AtRobin results for 50 rock and 149 soil samples are pending. The Robincopper, gold and silver prospect was reported as a 60 to 200 metre widegossanous boulder and outcrop zone extending for 1.6 kilometres.Historical surface sample results reported assays up to 0.55 oz/ton(18.9 g/T) Au, 1.56 oz/ton (53.5g/T) Ag, and 9.91% Cu. The 2010prospecting program was conducted to confirm the presence of gold,copper and silver mineralization, determine the extent and identifypossible drill targets.
Nowyak
AtNowyak, results for 55 rock samples are pending. Nowyak is centeredover an intense 40 to 80 metres wide sericite - carbonate - pyritealtered shear zone that extends for 20 kilometres. The 2010 explorationprogram was conducted to confirm high grade gold and silvermineralization. Several high grade gold bearing zones have beenreported along part of the structure. Historical highlights reportedfor these zones include:
1) 8.62 g/T gold from 2 metres of drill core
2) 35.5 g/T gold with, 172 g/T silver
3) 117 g/T gold with 1420 g/T silver
4) 88.8 g/T gold over 1 metre
5) 51 g/T gold over 2 metres
Prospecting Permits
Atotal of 43 rock and 77 heavy mineral till samples were collected onthe Exploration Permits. These results will help track gold grains intill back to new bedrock sources. These results are pending and will beused to track gold grains in till to new bedrock sources.
About Uranium North
UraniumNorth Resources Corp. has generated and advanced 6 gold properties incentral Nunavut. The Company also owns 100% of the Amer Lake uraniumdeposit, one of the largest uranium resources in Nunavut.
LindaErdman, P. Geo and Geoffrey Goodall, P. Geo are responsible for designand execution of the 2010 program and have reviewed historical reportsfor the property. The historical work has not been verified by theCompany, however, it appears to have been completed under standard bestpractices consistent with the time and appears to be of reasonablequality in comparison with the 2010 data.
On behalf of Uranium North Resources
Mark Kolebaba, President and CEO
Forward-Looking Information
Thisrelease includes certain statements that may be deemed "forward-lookingstatements". All statements in this release, other than statements ofhistorical facts, that address exploration drilling, activities andevents or developments that Uranium North Resources Corp (the"Company") expects to occur, are forward-looking statements. Althoughthe Company believes the expectations expressed in such forward-lookingstatements are based on reasonable assumptions, such statements are notguarantees of future performance and actual results or developments maydiffer materially from those in the forward-looking statements. Factorsthat could cause actual results to differ materially from those inforward looking statements include market prices, explorationsuccesses, and continued availability of capital and financing andgeneral economic, market or business conditions. Investors arecautioned that any such statements are not guarantees of futureperformance and actual results or developments may differ materiallyfrom those projected in the forward-looking statements. The Companydoes not assume any obligation to update or revise its forward-lookingstatements, whether as a result of new information, future events orotherwise.
FOR FURTHER INFORMATION PLEASE CONTACT:
Heather Kays
Uranium North Resources Corp.
Corporate Communication
604-484-7120
604-484-7143 (FAX)
info@uraniumnorth.com
www.uraniumnorth.com
"Neither the TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacy oraccuracy of this release."
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