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Re: News Release - Wednesday, April 07, 2010
JNR Announces Results of Airborne Surveys on the Snowbird-South
Dufferin Projects
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Saskatoon, SK, April 7, 2010 - JNR Resources Inc. (TSXV:JNN) (the
'Company') as operator, has finalized the interpretation of an airborne
geophysical survey flown over JNR's 100% owned Snowbird project (six
claims, 25,192 ha) and 34% owned South Dufferin joint venture (2
claims, 8,240 ha) with Denison Mines. The results of the airborne
survey have been integrated with prior ground and airborne geophysical
programs to further define targets for drill testing.
At the Snowbird and South Dufferin projects, a 1,323 line-km helicopter
borne Z-Axis Tipper Electromagnetic (ZTEM) -- Aeromagnetic survey was
flown in the late fall over the properties in their entirety. This
program was successful in better delineating EM conductors and the
structural setting of the property identified by previous geophysical
surveys. Four 'zones of interest' were outlined over the Snowbird
property, with an additional two zones identified on the South Dufferin
claims. These zones of interest lie along extensive corridors of well
defined, structurally disrupted basement conductors. The corridors are
typically 2 to 10 km in strike length. The property is now at a drill
ready stage with numerous high priority targets identified.
The Snowbird and South Dufferin project areas are contiguous and
straddle the southern edge of the Athabasca Basin directly along the
Snowbird tectonic zone, a major transcrustal structural feature that
represents the southwest strike extension of the Virgin River shear,
which hosts Cameco's Centennial Zone. The Snowbird-South Dufferin
projects lie 20 to 25 km along strike of the Centennial Zone, where
mineralized intercepts up to 8.73% U3O8/33.9 m have been intersected
over a minimum strike length of 650 metres. Neither the Snowbird nor
South Dufferin properties have been drill tested either by JNR, or any
other company. JNR is in the process of earning a 49% interest in the
project.
JNR Resources is a junior exploration company primarily focussed on
uranium exploration and development in the provinces of Saskatchewan
and Newfoundland. The company has a varied interest in several
prospective uranium properties in the Athabasca Basin of northern
Saskatchewan that have been and will continue to be the focal point of
JNR's exploration efforts.
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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EXPLORATEUR |
CODE : JNN.V |
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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 4,7 millions (4,7 millions US$, 3,5 millions €). La valeur de son action a atteint son plus bas niveau récent le 31 décembre 2003 à 0,03 , et son plus haut niveau récent le 31 décembre 2007 à 4,50 . JNR possède 47 442 200 actions en circulation. |