KELOWNA, BC, Dec. 22 2014 /CNW/ - Northern Uranium Corp. (TSXV : UNO) ("Northern Uranium" or, the "Company") is pleased to provide a progress report on the drilling at its 50% owned North West Manitoba property.
Northern Uranium is pleased to report that both the Rotary Air Blast (RAB) and diamond drill teams have been making good progress.
The diamond drill hole (MG14DD-0007) announced on December 12, 2014 targeting a coincident gravity low and strongly anomalous radon results has now been completed. The hole, drilled at -60 degrees dip towards the southeast, intersected bedrock 57 meters down the hole. Thus the till was 49.4 meters thick. Drilling continued to 159 meters and intersected granitic pegmatite, granite, limonitized semi-pelite and chloritized pelite.
Alteration persists throughout the entire length of the hole in varying degrees of intensity. Chloritization of biotite is pervasive but it most intense in semipelitic and pelitic units. Hematization is patchy but becomes strongly pervasive beyond 140.4 meters. Similarly, though limonization is pervasive throughout the hole it especially strong towards the end of the hole. The extensive alteration indicates that there has been substantial fluid movement through the rocks, which is necessary for the formation of uranium mineralization.
There were three friable sections within the hole associated with hydrothermal alteration which are potentially fault zones. They were located at 75.0 to 78.5m, 117.0 to 117.4m and 119.4 to 120.0 m down the hole.
Anomalous uranium mineralization was detected in four locations down this hole. This uranium mineralization was detected in half meter intervals at 85, 91, 106.5 and 147 meters down hole. Samples from these intervals have been collected and will be sent for assay.
The Company's geologists are extremely encouraged by the alteration and mineralization seen in the hole as it suggests that significant uranium mineralization may be nearby. A second hole to test this anomaly is now being planned.
Since the news release on December 12, 2014 the RAB drill has completed 3 holes, continuing the fence of holes across the anomaly tested by the previously announced two holes.
Hole MG14RB-0012A intersected granitic and semi-pelitic bedrock at approximately 10 meters. Drilling continued to 21 meters. The uppermost bedrock sample showed elevated Uranium 238, Radium 226 and Lead 210 as compared to samples either in the overlying overburden or deeper down the hole.
Hole MG14RB-0013A intersected calc-silicate bedrock at approximately 9.7m through to the end of hole at 13.5 meters.
Hole MG14RB-0014A intersected semi-pelite bedrock at approximately 11.3m. The bedrock was intensely hematized through to the end of hole at 15 meters, a positive sign for potential uranium mineralization as it indicates fluid movement through the bedrock.
The Company's drill teams are now off for the Christmas break and will recommence work immediately after New Years.
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