Uranium North Unearths Graphite in Nunavut

Uranium North Resource Corp. (TSXV:UNR) announced that it has found multiple graphite-bearing beds ranging from 15 to 25 meters thick and yielding as much as 4.13 percent graphite at its Amer Lake property in Nunavut.

As quoted in the press release:

Graphitic beds have been intersected by two reverse circulation drill holes 3.1 kilometres apart as well as a core hole drilled 15 kilometres to the east. The same graphitic units have been identified in three surface outcrop exposures spanning an area of 22 x 10 kilometres.

The graphitic rocks are flat lying and occur in a basin scale stratigraphic unit that is a minimum of 60 metres thick and is expected to extend over a 26 x 8 kilometre area based on geological mapping.

Mark Kolebaba, President and CEO of Uranium North, commented:

We are quite excited by the fact that the graphite at Amer occurs in thick extensive beds, not small thin veins. The thickness, grade and lateral extent of these graphite beds clearly represents a large scale deposit target for the company and depending on the nature of the graphite; this is a very significant discovery. With the future outlook of graphite and uranium, the Amer Lake property is highly valuable.

Click here to read the Uranium North Resource Corp. (TSXV:UNR) press release.