Canadian-based Uranium North Resources have unveiled plans to commence drilling on the Amer Lake property in Nunavut,Canada.

The proposed drilling program will begin with about 2,500m of reverse circulation drilling by Northspan Explorations on the southeast extension of the main zone.

The drill program aims to increase the 19.3 million pound uranium resource.

Drilling is expected to begin in the second week of June.

Uranium North Resources president and CEO Mark Kolebaba said the drilling program is a low cost program which will allow the company to develop an existing asset in a commodity that is projected to have a long term supply deficit.

Uranium North Resources is a multi-commodity company focused on gold, silver and uranium in Nunavut.