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JNR Announces Purchase of Two Diamond Drills
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Saskatoon, SK, October 30, 2007 - JNR Resources Inc. (TSXV:JNN) (the
'Company') is pleased to announce that to facilitate drilling on its
Athabasca Basin properties in northern Saskatchewan, the Company has
purchased two new Duralite 1100N Heliportable Diamond Drills capable of
reaching depths of 1,000 to 1,100 metres.
The Company has also entered into an agreement with Dynamic Drilling
Inc. (Dynamic) of Saskatoon for a minimum of 20,000 metres of drilling
on its uranium properties. The Company will provide the drills, while
Dynamic, the principles of whom are experienced Athabasca Basin and
international diamond drillers, will operate the drills and provide the
crews. After the completion of this initial metreage, Dynamic will
likely be in a position to purchase the drills from the Company. The
Company also has an exclusive option for Dynamic to drill an additional
20,000 metres.
In 2007-08, the drills will be utilized exclusively on projects that
the Company holds a 100% interest in, with drilling programs planned on
the Way Lake, Black Lake, Newnham Lake and Yurchison Lake projects. It
is anticipated that Dynamic will be on site within the next two to
three months.
JNR's Vice-President of Exploration, David Billard, comments: "Over the
past three years we have developed numerous targets on our properties.
The purchase of these drills and our agreement with Dynamic will allow
us to aggressively move forward and test those targets and ensure that
our drilling objectives are met in a timely fashion".
JNR has an interest in more than 362,000 hectares of highly prospective
ground in the renowned Athabasca Basin of northern Saskatchewan.
JNR's Vice-President of Exploration, David L. Billard, PGeo, is the
qualified person responsible for the technical data presented in this
release. 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) 2007 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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