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Re: News Releases - Thursday, September 20, 2007
JNR Announces Drilling Program Underway at Bell Lake
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Saskatoon, SK, September 20, 2007 - JNR Resources Inc. (TSXV:JNN) (the
'Company') has been advised by the project operator Denison Mines Corp.
(TSX:DML) that a planned 1,750-metre
Diamond drilling program is
underway on the Bell Lake uranium Joint Venture located near the
northeastern edge of the Athabasca Basin of northern Saskatchewan. The
Company owns a 40% interest in the project, with Denison owning the
remaining 60%.
The Company has also received the results of the 2006 summer/fall and
2007 winter exploration programs. Those programs consisted of some 235
kilometres of line cutting, 375 kilometres of ground magnetometer and
time domain electromagnetic (TDEM) surveying and property-wide
composite sandstone boulder sampling. In total, 646 samples were
collected.
The geophysical program was designed to better define a discrete and
extensive airborne EM signature interpreted from GeoTEM and MegaTEM
surveys flown in 1999 and 2005. This program successfully identified a
coincident, several kilometre long east-west EM/magnetic conductive
trend through the central portion of the project lands, which is being
targeted by the current drilling program. Several boulder samples with
elevated uranium levels were also obtained from this area. The
coincident EM/magnetic signature is interpreted to represent
graphite-bearing pelites. The 2007 program is budgeted at $925,000.
The Bell Lake property currently consists of ten mineral claims
totalling 30,767 hectares. Historic work consisted largely of airborne
magnetic and EM surveys. In 1980, Saskatchewan Mining Development
Corporation, one of the predecessor companies to Cameco, tested two
east-west trending conductors with five
Diamond drill holes. The
results were encouraging in that three of the holes returned anomalous
uranium, lead and nickel values from altered basal sandstone, along
with a favourable clay type, illite, plus chlorite. The best analytical
result was 586 ppm uranium over 0.5 metres from the unconformity in
drill hole BE-4. Depth to the unconformity was from 235 to 305 metres.
Also of note is that the Bell Lake property is proximal to Cameco's La
Rocque Lake uranium zone, where intersections of up to 31.9 % U3O8 over
7.0 metres have been reported.
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
Message sent on Wed Sep 19, 2007 at 1:55:59 PM Pacific Time
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