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JNR Announces Drilling Programs for 2008
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Saskatoon, SK, December 19, 2007 - JNR Resources Inc. (TSXV:JNN) (the
"Company') is pleased to provide the following update on its 100% owned
uranium projects located in the Athabasca Basin of Northern
Saskatchewan.
The 2008 winter exploration program will be drill intensive. The
Company has budgeted $3.0 million to carry out 15,000 metres of
Diamonddrilling on the Way Lake, Yurchison Lake, Black Lake and Newnham Lake
projects. The permitting process is well underway, with drilling
expected to begin early in the New Year. Total meterage allocation to
each project will be results driven.
At Way Lake the program will target the original Hook Lake showing as
well as radioactive showings discovered during the 2007 summer
prospecting program and some 60 kilometres of virtually untested EM
conductors interpreted over the past two years from airborne and ground
geophysical surveys.
Targets at Yurchison Lake include a number of EM conductors identified
by an airborne VTEM survey and several surface showings identified by
the 2006 summer exploration program.
Drilling at Black Lake will target EM conductors identified over the
past three years that are associated with a minimum 40-kilometre long
fault zone, which represents the northern strike extension of the
mineralized Virgin River shear (Centennial Zone).
At Newnham Lake the program will target a number of conductive and
structural trends associated with metasedimentary rocks and radioactive
granitic pegmatites, in an area characterized by a large number of
surficial geochemical anomalies in lake sediments, peat and soils.
To facilitate the drilling program, the Company recently purchased two
Heliportable
Diamond Drills (Reference: October 30, 2007 news release)
and entered into an agreement with Dynamic Drilling Inc. of Saskatoon
to operate the drills and provide the crews. Recent correspondence with
all the concerned parties indicates that the drills should be on site
by year end.
The Company is still awaiting analytical results from the summer
Diamond drilling, prospecting and till sampling programs completed this
year on the Way Lake and Yurchison Lake projects. The Saskatchewan
Research Council Laboratory (SRC) is currently experiencing a 12 to 15
week backlog.
The Company has also recently completed a high-resolution gradient
magnetic survey over its Crackingstone project and is in the process of
flying the same over Black Lake and Newnham Lake. The results of this
survey will be used to better define drill targets.
JNR is well financed with $14.5 million in working capital.
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'
Rick Kusmirski
President & CEO
For further information contact JNR at 306.382.2211 or 877.567.6463;
info@jnrresources.com
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
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