TSXV:JNN
SASKATOON, June 29, 2011 /CNW/ - JNR Resources Inc. (TSXV: JNN) ('JNR' or the 'Company') is pleased to report that it is continuing to develop 3D exploration models to target new uranium deposits on its properties in the Athabasca Basin. JNR is a Saskatoon-based junior exploration company with one of the strongest technical teams in the uranium exploration industry. The Company is focused on uranium exploration in the Athabasca Basin of Saskatchewan and the Deer Lake Basin and Topsails igneous complex of west-central Newfoundland. These regions represent distinct uranium provinces that are characterized by significant uranium enrichment in many of the rock formations. JNR firmly believes that the best exploration approach is through actively exploring on the ground and drilling high-priority targets based on geology, geophysics, and geochemistry.
JNR is one of several uranium exploration companies that is using leading-edge exploration methods and tools in the Athabasca Basin to better understand mineralization processes/criteria for discovering new resources. These methods and tools include PIMA analyses, Pb isotope analyses, APS mineral analyses, 3D GOCAD modeling via a data- and/or knowledge-driven approach, numerical and/or geostatistical modeling, and high-resolution 2D/3D airborne and ground geophysical surveys, including high-resolution airborne gravity (FTG) and electromagnetic (ZTEM) surveys. In this respect, the Company is taking full advantage of the capabilities and expertise of its experienced, multi-disciplinary geological team.
Over the last 20 years, mineral exploration has evolved into a more rigorous quantitative science. A significant part of this exploration science includes a 3D GIS environment in which rich archives of diverse exploration data sets can be integrated, analyzed, and interpreted for the purpose of targeting new ore deposits. Building these 3D common earth models using the GOCAD environment/software appears to be a very efficient and effective tool for characterizing and exploiting the regional-, district- to mine-scale 3D common earth models of ore deposits and for determining the complex processes that produced the economic mineralization. For example, the complex spatial and geological relationships between lithological units, geological structures, geochemical data, alteration data, and geophysical data can be studied in detail. As well, a wealth of knowledge of ore-forming processes can be integrated into and queried by what-if scenarios within the geostatistical module of the GOCAD environment.
Results to date (2005 - present) from JNR's 3D GOCAD models (e.g. eastern Athabasca, Way Lake, Yurchison Lake, Moore Lake, and Snowbird/South Dufferin) indicate that we have a much better understanding of the geological environments that we are exploring in and from this we can successfully pick new lithostructural/geochemical/geophysical drill targets in the search for new uranium resources. Ultimately, this will lead to finding new uranium deposits in less time.
In summary, when applied by experienced, multi-disciplinary exploration teams, this data- and/or knowledge-driven mineral potential modeling approach has great potential to enhance greenfield to brownfield mineral exploration activities within all uranium provinces. JNR will next put this to test by drilling some new discoveries along the eastern and southern margin of the Athabasca Basin (e.g. Snowbird/South Dufferin and Lazy Edward Bay).
Dave Billard, Vice President Exploration and Chief Operating Officer comments; "State-of-the-art, science-based exploration techniques are integral to our ongoing and planned exploration programs. For example, we have been able to define superior targets at shallow depths on our South Dufferin/Snowbird projects, which we plan to drill this summer. We believe these targets are lithostructurally related to the Centennial deposit (Cameco Corporation/Formation Metals Inc.) located approximately 20 km northeast and on strike of our properties. At Centennial, a 650-m long mineralized zone grading up to 8.78% U3O8 over 33.9 m has been outlined at approximately 800 m depth (Formation Metals news release May 30, 2011)".
JNR's Director of Exploration, Dr. Irvine R. Annesley, 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 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
Neither the 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 news release. Statements contained in this news release that are forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to the accessibility to the property; operational risks; weather; availability of equipment and personnel; changes in project parameters as plans continue to be refined; delays in obtaining governmental approvals; delays or failure in obtaining financing on acceptable terms. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements
