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Re: News Releases - Tuesday, April 20, 2010
JNR Announces Completion of 2010 Drilling Program at Way Lake
Uranium Project
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Saskatoon, SK, April 20, 2010 - JNR Resources Inc. (TSXV:JNN) (the
'Company') is pleased to announce that it has completed a winter
diamond drilling program on the Company's 100% owned Way Lake uranium
project, located 55 kilometres east of the Key Lake uranium mine in the
Athabasca Basin of northern Saskatchewan. Anomalous radioactivity and
key geological features associated with basement-hosted uranium
mineralization were intersected by a significant proportion of the
holes drilled during the winter program.
The drilling program comprised 2,773 metres in 14 holes and focused on
following up JNR's previous drilling and exploration of the Fraser
Lakes B zones. These mineralized zones are contained within a
5-kilometre-long interval of a folded electromagnetic (EM) conductor
system with a total length of 65 kilometres and comprised of Wollaston
Group graphitic pelitic gneisses and uraniferous granitic pegmatites.
The mineralized zones were discovered by ground prospecting of airborne
geophysical targets during the summer of 2008.
The B Zone showings occur within an antiformal fold nose of the EM
conductor. Of the 70 grab samples taken from individual mineralized
outcrop sites, 70% returned assays ranging from 0.03 to 0.457% U3O8.
Multiple intervals of uranium and/or thorium mineralization were
intersected in many of the 18 drill holes completed in 2008 and 2009.
The mineralization is accompanied by rare earth element enrichment and
highly anomalous levels of pathfinder elements.
Anomalous radioactivity was intersected in the majority of holes
drilled during the 2010 winter program. The radioactivity was
accompanied by significantly disrupted and locally clay altered
Wollaston Group graphitic pelitic gneisses (+/-sulphides) and granitic
pegmatites. The drilling has also provided compelling evidence for the
presence of major east-west and north-south structural corridors that
intersect the main northeast-trending EM conductors. Similar structural
and geological settings are required for the formation of major
basement-hosted unconformity-type uranium deposits. In addition,
preliminary analysis of the results from PIMA infrared spectroscopy has
indicated a preponderance of illite in a major clay filled fault system
that was intersected in holes WYL-10-53 and 55. Illite is an important
clay mineral that accompanies many of the significant uranium deposits
in the Athabasca Basin.
All of the samples have been delivered to the SRC Geoanalytical
laboratory in Saskatoon and the final geochemical results should be
received for evaluation by mid May. These results will be integrated
with the PIMA and on-going structural studies to plan the next phase of
drilling.
Ken Wasyliuk, Chief Geochemist for JNR comments: "The preliminary clay
alteration patterns that we are seeing from the PIMA analysis are
analogous to those at other significant basement-hosted uranium
deposits such as Eagle Point, Millennium, P-Patch and the Roughrider
Zone. In conjunction with the positive geological attributes and
anomalous radioactivity, the potential for the discovery of significant
high-grade uranium mineralization at Fraser Lakes is considerable."
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 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
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.
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Copyright (c) 2010 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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JNR Resources
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EXPLORATEUR |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
JNR est une société d’exploration minière d'argent et d'or basée au Canada. JNR détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont BELL LAKE, PENDLETON LAKE, KELIC LAKE, NORTH WEDGE, SOUTH DUFFERIN, SNOWBIRD PROPERTY, YURCHISON LAKE, TOPSAILS, SOUTH FORK, CRACKINGSTONE, MOORE LAKE, ROCKY BROOK, SOUTH CIGAR, LAZY EDWARD BAY, WAY LAKE, BLACK LAKE PROPERTY et NEWNHAM au Canada. JNR est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 11,5 millions CA$ (11,4 millions US$, 8,4 millions €). La valeur de son action a atteint son plus bas niveau récent le 31 décembre 2003 à 0,03 CA$, et son plus haut niveau récent le 31 décembre 2007 à 4,50 CA$. JNR possède 114 620 000 actions en circulation. |