JNR Resources

Published : November 30th, 2009

Altius Discover Cu-Mo-Au-Ag Mineralization at Topsails

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Keywords :   Copper | Gold | Molybdenum | Rare Earth | Uranium |
=======================================================================
Re:   News Releases - Monday, November 30, 2009
      JNR / Altius Discover Cu-Mo-Au-Ag Mineralization at Topsails
=======================================================================

Saskatoon, SK, November 30, 2009 - JNR Resources Inc. (TSXV:JNN) and
Altius Resources Inc. (the 'Companies') are pleased to report the
discovery of a potentially significant copper-molybdenum-gold-silver
prospect (Koorae) on their Topsails project. The project is a 50/50
alliance between the Companies that was established to explore for
volcanic-hosted uranium deposits in a defined area of west-central
Newfoundland near the former mining community of Buchans.

Reconnaissance prospecting on the Topsails project in 2008 resulted in
the discovery of several locally derived sulphide-bearing boulders
approximately 15 kilometres northwest of Buchans. Grab samples from two
of the boulders returned assays of 3.5% Cu, 0.12% Mo, 35.1 g/t Ag, 0.18
g/t Au and 2.0% Cu, 0.16% Mo, 19.8 g/t Ag, 0.29 g/t Au.

Additional exploration including trenching, rock and soil sampling was
completed on the Koorae prospect as part of the larger 2009 program. An
area of approximately 100 metres by 15 metres was excavated, mapped and
sampled. Disseminated copper sulphides and magnetite occur in
chlorite-hematite-altered quartz-feldspar porphyry, which is in fault
contact with felsic volcanic rocks containing veinlet and
breccia-matrix chalcopyrite with lesser bornite and chalcocite. 

Of twenty-three grab samples randomly collected from the
quartz-feldspar porphyry, twenty-one returned anomalous values of up to
0.87% copper, with an average of 0.15% copper.  Sampling of adjacent,
strongly altered felsic volcanic rocks returned a best in-situ result
of 0.39% Cu, 0.04% Mo and 0.9 g/t Ag, while a grab sample from locally
derived float returned 3.7% Cu, 0.1% Mo, 53.3 g/t Ag and 0.24 g/t Au.
Furthermore, a rhyolite flow which was also exposed in the trench
returned 0.67% Cu, 0.03% Mo and 7.4 g/t Ag.

The Koorae prospect bears numerous similarities to the alkalic,
caldera-related group of porphyry copper-gold deposits observed world
wide. Geophysically, the discovery occurs near the southern margin of a
roughly 1,200 by 300 metre, east-northeast trending magnetic low and on
the southeast margin of an isolated K, U, and Th radiometric high of
350-metre diameter size. The Companies are planning to initiate an
induced polarization/resistivity (IP) survey covering the prospect area
before year end.

In addition to the trenching program, extensive prospecting, mapping
and sampling was completed throughout the Topsails project in 2009. Of
particular interest were six separate areas identified during the 2008
program that returned highly anomalous metal geochemistry, including
several new occurrences of uranium with grab samples of up to 0.62%
U3O8. Also of significance were large boulder fields containing
coarse-grained to pegmatoidal granites returning up to 3.06% TREO
(total rare earth oxides) plus yttrium.

Analytical results from the 2009 regional program are just becoming
available and are currently being reviewed and interpreted prior to
release.

JNR is led by a highly experienced management team with proven
discovery success in uranium exploration. In addition to its projects
in Newfoundland, the Company has an interest in fourteen properties
totalling some 345,430 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. 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.

=======================================================================
Copyright (c) 2009 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
=======================================================================
.

JNR Resources

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CODE : JNN.V
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JNR is a silver and gold exploration company based in Canada.

JNR holds various exploration projects in Canada.

Its main exploration properties are 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 and NEWNHAM in Canada.

JNR is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 11.5 millions as of today (US$ 11.4 millions, € 8.4 millions).

Its stock quote reached its lowest recent point on December 31, 2003 at CA$ 0.03, and its highest recent level on December 31, 2007 at CA$ 4.50.

JNR has 114 620 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
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Financings of JNR Resources
11/6/2012Announces $3.0 Million Financing
5/7/2012Announces Closing of Private Placement
4/18/2012Announces Private Placement
3/14/2011Announces Closing of $2,810,000 Private Placement
2/24/2011JNR Announces $ 3.000.000 Private Placement
8/12/2010Increases Private Placement
11/12/2009Announces Closing of Private Placement
10/23/2009Private Placement
7/20/2009Increases Private Placement
12/30/2008Announces Closing Of Private Placement
12/19/2008Announces Private Placement
Option Grants of JNR Resources
8/16/2010Granting of Stock Options/Directors Re-elected
2/16/2008Announces Granting of Stock Options
Nominations of JNR Resources
10/22/2012Announces Re-Election of Directors and Planning of 2013 Prog...
2/15/2011Announces Appointment of Dave Billard, P.Geo. as Chief Opera...
5/16/2007Announces Appointment of New Director and Officers
Project news of JNR Resources
5/11/2012Commences Spring Drilling Program at Black Lake Uranium Proj...
10/6/2011(Topsails)/Altius Commence 2011 Fall Exploration Program at Topsails P...
8/18/2011Commences 2011 Summer Drilling Program at Snowbird Uranium P...
7/21/2011(Way Lake)Extends Areas of Uranium Mineralization at Way Lake
4/27/2011(Moore Lake)Announces Results of 2011 Moore Lake Winter Diamond Drilling...
3/30/2011(Way Lake)Commences 2011 Drilling Program at Way Lake Uranium Project
3/9/2011(Newnham)Completes Airborne Gravity Survey on the Newnham Lake Proper...
3/3/2011(Lazy Edward Bay)Completes Airborne Gravity Survey on the Lazy Edward Bay Pro...
12/22/2010(Moore Lake)Announces 2011 Winter Exploration Programs
6/17/2010(Way Lake)Extends Uranium Mineralization
4/20/2010(Way Lake)Completion of 2010 Drilling Program at Way Lake Uranium Proj...
4/7/2010(South Dufferin)Results of Airborne Surveys on the Snowbird-South Dufferin P...
1/14/2010(Way Lake)2010 Drilling Program at Way Lake Uranium Project
12/18/2009(Topsails)/Altius Discover Rare Earth Metals and Uranium-Thorium Miner...
11/30/2009(Topsails)Altius Discover Cu-Mo-Au-Ag Mineralization at Topsails
9/9/2009(Rocky Brook)Drilling Underway at Rocky Brook Uranium Project
7/21/2009(Topsails)Provides Exploration Update on Topsails Uranium Project, New...
7/16/2009(Way Lake)Intersects Uranium/Thorium Mineralization at Way Lake
5/14/2009(Rocky Brook)Earns 70% Interest in Rocky Brook Project -- Exploration Con...
2/27/2009(Way Lake)Provides Remaining 2008 Drilling Results from Way Lake
2/20/2009(Way Lake)Announces Drilling Program Underway at Way Lake Uranium Proj...
11/14/2008(Way Lake)Discovers New Mineralized Zones on Way Lake Uranium Project
8/25/2008(South Fork)Announces Drilling Results at South Fork Uranium Project
7/9/2008(Way Lake)Takes Delivery of Third Drill; Two Drills Active at Way Lake
5/12/2008(Way Lake)Announces Drilling Program Underway at Way Lake
4/9/2008(Crackingstone)Announces Results of Airborne Surveys on the Black Lake & Cr...
3/19/2008(Way Lake) Announces Results of 2007 Way Lake Exploration Program
2/28/2008(Moore Lake) Provides Further Update on Athabasca Basin Exploration Acti...
2/12/2008(South Fork) Announces Drilling Program on South Fork Uranium Project, S...
9/20/2007(Bell Lake)Announces Drilling Program Underway at Bell Lake
9/18/2007(Crackingstone)Airborne Surveys on the Crackingstone, Black Lake & Newnham ...
Corporate news of JNR Resources
11/14/2012Announces Agreement to be Acquired by Denison Mines Corp.
8/13/2012(Way Lake)Announces an Inferred Mineral Resource Estimate for the Fras...
6/13/2012Announces Drilling Results at Black Lake Uranium Project
2/3/2012Provides Update on 2012 Athabasca Basin Exploration Activiti...
10/7/2011Announces Granting of Stock Options/Directors Re-Elected
6/29/2011Continues to Develop 3D Exploration Models to Target New Ura...
5/4/2011(Way Lake)Intersects New Area of Uranium Mineralization on Way Lake Ur...
7/6/2010RB Milestone Initiates Coverage of JNR Resources Inc.
2/3/2009Announces Proposed Conversion Of Preferred Shares
11/25/2008San Francisco Hard Assets Investment Conference
8/29/2008Provides Update on Newfoundland Uranium Exploration
8/21/2008Provides Update on Athabasca Basin Drilling Programs
5/15/2008Provides Update on Newfoundland Uranium Exploration
2/26/2008 Announces Further 2008 Exploration Activities
1/21/2008 Announces 2008 Winter Exploration Programs Underway
12/20/2007JNR Updates Progress on Newfoundland Uranium Projects.
12/19/2007 Announces Drilling Programs for 2008
11/1/2007 Announces Completion of 2007 Way Lake Exploration Program
10/30/2007 Announces Purchase of Two Diamond Drills
10/3/2007 and Altius Form Uranium Exploration Alliance
9/12/2007Announces Airborne Survey Underway on South Fork Uranium Pro...
8/21/2007 and Altius Resume Uranium Exploration at Rocky Brook
5/14/2007to Option South Fork Project to Uranium Power Corporation
3/22/2007Announces Closing of $16 Million Financing
2/26/2007Announces $15 Million Financing
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TSX-V (JNN.V)FRANKFURT (JN2.F)
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