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JNR Announces 2008 Winter Exploration Programs Underway
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Saskatoon, SK, January 18, 2008 - JNR Resources Inc. (TSXV:JNN) (the
'Company') is pleased to announce that the 2008 winter exploration
programs are underway on the Company's 100% owned uranium projects,
located in the Athabasca Basin of northern Saskatchewan. The Company
has budgeted $3.0 million to carry out 15,000 metres of diamond
drilling on the Yurchison Lake, Black Lake, Newnham Lake and Way Lake
projects.
The required permits are in place and mobilization of the drills and
crew to a camp on the Yurchison Lake project is well underway. To
facilitate the drilling program, the Company purchased two Heliportable
Diamond Drills (Reference: October 30, 2007 news release) and entered
into an agreement with Dynamic Drilling Inc. of Saskatoon to operate
the drills and provide the crews.
The Yurchison Lake property is located along Highway #905, 100
kilometres south of the Rabbit Lake uranium mine and mill. It consists
of four mineral claims totalling 12,660 hectares. Some 20 to 25 holes
(3,500 metres) are planned to test a multitude of well-defined
electromagnetic (EM) conductors, some of which correlate with
geophysically interpreted structural features. Prospecting programs on
the property over the past two summers identified significant uranium
and molybdenum mineralization in both outcrop and float samples,
including uranium values of up to 0.30% U3O8.
Upon completion of the program at Yurchison Lake, the drills and crew
will mobilize to Black Lake. Twelve holes (5,000 metres) are planned to
target EM conductors associated with a minimum 40-kilometre long fault
zone, which represents the northern strike extension of the Virgin
River shear (Centennial Zone). The Black Lake property is located on
the north rim of the Athabasca Basin, approximately 20 kilometres
southeast of the town of Stony Rapids, and lies along the seasonal road
to that community. It consists of 10 mineral claims totalling 41,783
hectares.
Drilling at Newnham Lake and Way Lake will be scheduled as the season
progresses. Total metreage allocation to each project will in part be
results driven.
JNR's Vice-President of Exploration, David L. Billard, PGeo, is the
qualified person responsible for the technical data presented in this
release. All technical information for the Company's exploration
projects is obtained and reported under a formal quality assurance and
quality control (QA/QC) program, details of which are presented on the
Company's website at: www.jnrresources.com/i/pdf/JNR-QAQC.pdf. A
glossary of the technical terms included in this release can be found
on the Company's website at: www.jnrresources.com/s/Glossary.asp.
ON BEHALF OF THE BOARD
Rick Kusmirski
President & CEO
For further information contact JNR Resources at 306.382.2211 or
877.567.6463
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
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Copyright (c) 2008 JNR RESOURCES INC. (JNN-TSXV) All rights reserved.
For more information visit our website at http://www.jnrresources.com/
or send mailto:info@jnrresources.com
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