KELOWNA, BC, Aug. 24, 2015 /CNW/ - Northern Uranium
Corp. (TSXV:UNO) ("Northern Uranium" or, the "Company") is
pleased to provide a progress report on its 50% owned North West Manitoba project. The Company
can earn up to an 80% interest in the project from CanAlaska
Uranium Ltd (TSXV:CVV).
Since the news release of July 2,
2015 which reported high gamma radiation results in hole
MG15DD-0016 two holes have been completed into the northern (550 by
850 metre) zone of anomalous gravity, resistivity and AlphaTrack
radon cups on land. Three additional drill holes have been
completed into the southern (400 by 900 metre) zone of anomalous
gravity, resistivity and RadonEx radon in water. Two drills
are currently working on the project with one testing the southern
anomaly and the second testing a separate eastern anomalous zone of
gravity, resistivity and RadonEx radon in water target measuring
300 by 600 metres.
North Anomaly Zone
Drill holes MG15DD-0017 and MG15DD-0019 tested four strongly
anomalous (716 to 1024 tracks per mm2) radon cup results
on land at the western edge of the large 550 by 850 metre northern
gravity-resistivity anomaly. Both holes intersected only
moderate down hole gamma radiation results of 388 to 754 counts per
second ("cps") over a background of 60 to 80 cps. Natural
gamma radiation was measured within the drill rods using a down
hole GV501 winch and natural gamma ray sonde manufactured by
GeoVista.
Three of the four anomalous radon cup results appear to be
explained by the intersection of radioactive pegmatite logged in
the core holes. The fourth anomalous radon cup result could
either be related to radioactive material (boulders?) within the 50
metre thick overburden or due to a fault zone which concentrates
radon gas flow from depth. The drill results do not support
any additional work to be completed on the western edge of this
zone; however, the remainder of the anomaly remains to be tested.
As can be seen in Figure 1 the large North gravity anomaly
with associated resistivity anomaly is comparable to that of the
South Anomaly where these geophysical expressions are a result of
multiple fault controlled clay zones.
South Anomaly Zone
Hole MG15DD-0018 was drilled at a -45 degree inclination
directly under holes MG15DD-0014 and MG15DD-0009. The hole
was drilled to test the depth extent and uranium content of the
favourable brick red hematitic clay zone intersected between 124.0
and 165.8 metres in hole MG15DD-0014 and from 120.8 metres to the
end of hole at 174.0 metres in MG15DD-0009.
The favourable hematitic clay zone was intersected between 314.1
and 360.6 metres by hole MG15DD-0018 approximately 120 metres
vertically below the intersections in MG15DD-0009 and
MG15DD-0014. The down hole gamma probe measured up to 653 cps
which was higher than the shallower holes (MG15DD-0014 had a
maximum of 457cps in the clay zone).
Although hole MG15DD-0018 demonstrates that the clay zone is
widening and the radioactive content increasing to depth the down
hole gamma results were still substantially lower than those
intersected 60 metres and 120 metres along strike to the northeast
in holes MG15DD-0016 (1,144 cps) and MG15DD-0012 (1,375 cps)
respectively.
Consequently hole MG15DD-0020 was drilled at a -45 degree
inclination between, and parallel to, holes MG15DD-0016 and
MG15DD-0012. Technical difficulties prevented the hole from
reaching target depth, but it did intersect the hematitic clay zone
from 356.0 to 374.5 metres. The gamma probe returned up to
1,085 cps within the hematitic clay zone.
As the maximum gamma probe result in hole MG15DD-0020 was less
than that in hole MG15DD-0012 a hole was drilled to test the
mineralization at depth below MG15DD-0012. MG15DD-0021 was
drilled at a -45 degree inclination to 505.1 metres and intersected
the favourable hematitic clay zone approximately 100 metres deeper
than hole MG15DD-0012. This massive locally brick red
hematitic clay and altered pegmatite breccia was encountered
between 379.7 and 405.1 metres and returned a maximum down hole
gamma probe reading of 2,529 cps. In addition a new
radioactive zone at 219.6 metres associated with a blood red
hematized fracture in a calc silicate unit returned a gamma probe
reading of 2,139 cps.
Hole MG15DD-0021 clearly demonstrated the increasing
radioactivity to depth. Hole MG15DD-0022 is presently being drilled
from the same location at a -60 degree inclination beneath hole
MG15DD-0021. This hole will determine if the radioactive
zones which peaked at 2,139 and 2,529 cps in hole MG15DD-0021
continue to strengthen to depth.
East Anomaly
The second core drill has now received an upgraded more powerful
engine to enhance its capabilities. It is presently testing
the eastern anomalous zone which features a gravity low with a
co-located resistivity low at 100 and 150 metres depth under an
area of Maguire Lake that contained the highest RadonEx radon in
water results to date. This hole, being drilled at a -45
degree inclination towards the southeast, is expected to encounter
challenging boulder-rich overburden to a depth of approximately 100
metres.
Conclusion
Northern Uranium is pleased with the increasing strength of the
radioactivity being detected both at depth and toward the southeast
within the South Anomaly. The Company looks forward to not
only the results of the hole testing the mineralization to depth
within this zone but also the results of the hole testing the
Eastern zone with the extremely high radon in water results.
The technical information and results reported here have been
compiled by consulting geologist Dr. Charles Fipke and reviewed by Chad Ulansky, PGeo, a qualified person under
National Instrument 43-101, who is responsible for the technical
content of this release.
Forward Looking Statements
Some of the statements contained herein may be forward-looking
statements which involve known and unknown risks and
uncertainties. Without limitation, statements regarding
potential mineralization and resources, exploration results, and
future plans and objectives of the Company are forward looking
statements that involve various risks. The following are
important factors that could cause the Company's actual results to
differ materially from those expressed or implied by such forward
looking statements: changes in the world wide price of mineral
commodities, general market conditions, risks inherent in mineral
exploration, risks associated with development, construction and
mining operations, the uncertainty of future profitability and the
uncertainty of access to additional capital. There can be no
assurance that forward-looking statements will prove to be accurate
as actual results and future events may differ materially from
those anticipated in such statements. The Company undertakes
no obligation to update such forward-looking statements if
circumstances or management's estimates or opinions should change.
The reader is cautioned not to place undue reliance on such
forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Northern Uranium Corp.