MOBILIZATION UNDERWAY
Uranium North receives permits for Mallery project
2011-06-23 07:32 PT - News Release
Mr. Mark Kolebaba reports
URANIUM NORTH REPORTS DRILL MOBILIZATION UNDERWAY ON THE MALLERY GOLD-SILVER PROJECT
Uranium North Resource Corp. has received a two-year land use permit and five-year water licence for drilling on the company's 100-per-cent-owned Mallery gold-silver project in Nunavut. A contract with Lantech Drilling Services Inc. is finalized and mobilization of the drill from Baker Lake to the Mallery project will begin shortly.
Plans for the program are being finalized and will include drilling to test:
The frequency of veining and open pit potential of the Stockwork zone;
A 200-metre-wide resistivity high on the east side of the Stockwork zone;
The extent and width of the 17 vein where samples assayed up to 54 grams per tonne gold and 272 g/t silver;
The Western zone, where a grab sample returned 8.6 g/t from a three-metre-wide vein;
The Tundra zone mineralization.
"We have some fantastic targets to drill on Mallery. This is the first time this area has been drilled so the potential for a significant discovery is quite possible," says Mark Kolebaba, president and chief executive officer of Uranium North Resources.
The resistivity high, coincident with and flanking the quartz Stockwork zone, is a priority target that may indicate intense quartz veining and silica alteration. Gold and silver mineralization at Mallery is associated with quartz veining and silica alteration.
In addition to drilling, detailed ground magnetic surveying and prospecting are planned. A significant gold grain anomaly that has been identified three kilometres to the south will also be investigated.