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JNR Takes Delivery of Third Drill; Two Drills Active at Way Lake
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Saskatoon, SK, July 9, 2008 - JNR Resources Inc. (TSXV:JNN) (the
'Company') is pleased to announce delivery of its third drill and that
the 2008 summer diamond drilling program is well underway on the
Company's 100% owned Way Lake uranium project.
The Company has taken delivery of a third diamond drill to complement
its existing two drills. The Duralite 500N Heliportable drill is
capable of reaching depths of 800 metres and can easily be moved by
ski- or float-equipped aircraft. Dynamic Drilling of Saskatoon is
currently readying the drill for its initial assignment at Yurchison
Lake, with an anticipated start up of mid July.
The company's 100% owned 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. The
project area hosts numerous well-defined electromagnetic (EM)
conductors and 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.
In the winter of 2008, a 4,500-metre drilling program was initiated at
Yurchison Lake. A total of five holes (1,215 metres) out of a planned
20 to 25 holes were completed prior to moving the drill to the Black
Lake project. This initial phase of the program verified the presence
of structurally disrupted and altered graphitic pelitic gneisses in
Wollaston Group metasediments. The second phase of the drilling program
will be completed during the summer of 2008 and the analytical results
obtained from the winter phase will be integrated with those of the
summer program.
At Way Lake, one drill is currently exploring in the vicinity of the
Walker Lake showings, which occur within a 60-kilometre arcuate and
structurally displaced EM conductive trend in the southwest portion of
the property. The Walker Lake showings are spatially associated with
this conductive trend and occur over a 3.0-kilometre long by
1.0-kilometre wide area with grab samples ranging from 0.017% to 0.079%
U3O8 (Reference: March 19, 2008 news release). As the summer season
progresses, this drill will continue to explore portions of this major
conductive system that are readily accessible by land and that have the
structural and geological requirements essential to host substantial
concentrations of uranium mineralization.
The second drill has been converted to its heliportable configuration
and is currently drilling at the EWA showing where uranium values up to
0.492% U3O8 were identified in the summer of 2007. This drill will also
test portions of the conductive trend described above that are not
accessible by land, as well as the West Way (up to 0.475 % U3O8) and Nob
Hill (0.130% to 0.141% U3O8) showings that were discovered during the 2007
prospecting campaign. This drill will also continue testing the Hook
Lake area where two grab samples collected from a massive pitchblende
vein in 2006, returned 40.1% and 48% U3O8, respectively (Reference:
October 12, 2006 news release).
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
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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