KELOWNA, BC, Aug. 27, 2014 /CNW/ - Northern Uranium Corp. (TSXV : UNO) ("Northern Uranium" or, the "Company") is pleased to report the commencement of drilling at its North West Manitoba property.
Northern Uranium has commenced drill testing high priority land based targets on the Maguire Lake focus area within the North West Manitoba property. A rotary air blast (RAB) drill is being used to locate the bedrock source of the exceptionally anomalous radon results returned from the AlphaTrack survey. The radon results, combined with geophysical surveys including magnetic, electromagnetic, induced polarization and gravity surveys and the results of extensive prospecting which has located boulders containing up to 66% U3O8 have identified 39 high priority land targets and 7 high priority and 5 medium priority lake targets.
Northern Uranium has optioned the Northwest Manitoba project from Canalaska Uranium Ltd and has the ability to acquire up to an 80% interest in the project.
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.
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.
For further information: Chad Ulansky, President & CEO, +1-250-448-4110