Video: LSE-listed uranium junior Power Metals lands in North America
The company holds a portfolio including precious, base and strategic metal exploration in North America, Africa, Saudi Arabia and Australia.
Uranium North Resource Corp. reports that planning for the 2011 exploration and drilling programs are underway on the company’s Nowyak, F13 and Robin projects in Nunavut. Plans for the Nowyak program include prospecting and geophysical surveying followed by an August drill program. Plans for the F13 and Robin projects include detailed prospecting and geophysics to delineate targets for future drilling.
Land use permits and a water license have been granted for the projects. Geological and geophysical crews have been assembled and a drill has been secured for Nowyak. Ground surveying is expected to begin on all three properties in early July. Prospecting and geophysical surveying at Nowyak will focus on high gold, silver and copper values reported at 4 locations along a 6 kilometre structure. Drilling is planned to test the most prospective areas. The highest assay obtained by the company on Nowyak was 32.9 g/t gold, 1350 g/t silver and 4.2% copper while historical assays reported 117 g/t gold and 1420 g/t silver.
The work presented in this update is part of a larger exploration program by the company with drilling currently underway at the Amer Lake uranium deposit and soon to begin at the Mallery gold project.
Uranium North Resources is a multi-commodity company focused on gold, silver and uranium in Nunavut. All properties are 100% owned including the Amer Lake uranium deposit, one of the largest uranium resources in Nunavut. The company will be drilling the Mallery gold/silver project, the Nowyak gold deposit and carrying out a low cost expansion program on the Amer Lake uranium deposit in 2011.
Read the full news release here
