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JNR Announces Drilling Program Underway at Way Lake
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Saskatoon, SK, May 12, 2008 - JNR Resources Inc. (TSXV:JNN) (the
'Company') is pleased to announce that the 2008 summer
Diamond drilling
program is underway 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. The Way Lake project
comprises 17 contiguous claims totalling 71,795 hectares.
The program is budgeted at $2.5 million and will consist of a planned
10,000 metres of
Diamond drilling, as well as additional geological
mapping and prospecting. Currently, one drill is operating on the
property and a second will be mobilized following spring break-up. All
of the required regulatory permits have been received.
The initial focus of attention will be some 60 kilometres of folded and
structurally displaced EM conductors identified by airborne VTEM and
ground electromagnetic surveys and located in the southwest portion of
the property (Walker Lake area). A major prospecting campaign completed
during the summer of 2007 identified uranium mineralization in several
outcrop showings coincident with this conductive trend. The most
significant are the Walker Lake showings which occur over a
3.0-kilometre long by 1.0-kilometre wide area. Grab samples returned
from 0.017 to 0.079% U3O8 (Reference: March 19, 2008 news release).
The drilling program will also test three additional showings (West
Way, EWA & Nob Hill) discovered by the 2007 prospecting campaign and
will continue drill 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).
The Company is also pleased to announce the purchase of a third
Diamonddrill 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. It will be operated
by Dynamic Drilling of Saskatoon.
JNR's Director of Exploration, Dr. Irvine R. Annesley comments: "The
purchase of a third drill complements our strategy to quickly advance
the numerous quality targets that we have identified on our properties
by continuously drill testing throughout the year."
JNR has an interest in thirteen projects totalling more than 362,000
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
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND 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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