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June 30, 2008
Prospecting was conducted in the northeastern part of the yielded about 70 new radioactive sandstone and conglomerate boulders were found in this region with cps values ranging between 265 and 11000. In addition, seven radioactive occurrences were identified in sandstone bedrock, with cps values ranging between 280 and 1500. Prospecting was also conducted in the central part of the property, along the faulted contacts of a northeast trending area of granite flanked by Lady Nye sandstone. Three new bedrock hot spots have been identified (two in granite and one in sandstone) with cps values ranging between 870 and 1400, as well as three radioactive conglomerate and sandstone boulders with cps values between 265 and 1000.
March 31, 2008
Geological mapping has identified several areas of intense silicification in the sandstone units that will be followed up by prospecting and geophysics in 2008. The largest zone is in the northwest corner of the property in an area of extensive glacial cover. The contract for completing a fixed-wing airborne gamma ray/ magnetometer survey at 150 meter line spacing over the entire property wase delayed by bad weather in the Yukon and the survey will be flown in July 2008. In 2007, of 304 surface rock samples collected, 25 surface rock samples have uranium contents between 10 and 1670 ppm. Out of these, 9 samples are LeRoux Formation sandstone with uranium contents between 14 and 1670 ppm, 6 samples are Lady Nye Formation sandstone containing between 10 and 433 ppm uranium, and 10 samples are from basement rocks and contain between 10 and 27 ppm uranium.
December 28, 2007
Unor completed a non-brokered private placement of 8.6 million flow-through units at a price of Can$0.25 per unit for total gross proceeds of Can$2.15 million to the MineralFields Group. Each unit consists of one flow-through share and one-half of a common share purchase warrant, with each whole share purchase warrant exercisable for one additional (non flow-through) common share of Unor until December 28, 2009 at a price of Can$0.35 per share. The proceeds of the private placement will be used for continued exploration of Unor’s mineral properties located in Nunavut, Canada.