JNR Announces Further 2008 Exploration Activities
February 26, 2008 - JNR Resources Inc. (TSXV:JNN) (the "Company") is
pleased to provide the following update on a number of uranium projects
that are operated by the Company and are jointly held with Denison
Mines Corp. (TSX:DML). The properties are located in the Athabasca
Basin of Northern Saskatchewan.
A planned 3,000 metre diamond drilling program along with approximately
75 kilometres of linecutting and a ground electromagnetic (EM) survey
is underway on the Lazy Edward Bay project. The drill program is
designed to test interpreted bedrock conductors defined by ground EM
surveys completed in the summer of 2006 and winter/spring of 2007.
Drill targets will include: 1) Three relatively untested, long
strike-length EM conductors identified in the summer of 2006 and
coincident with drill-confirmed structural disruption of the
unconformity; and, 2) Five separate complex bedrock conductive systems
defined by the 2007 ground EM surveys.
The planned 2008 linecutting and geophysical program will focus on the
westernmost claims within the Lazy Edward Bay project and will ground
define future structural/conductive drill targets interpreted from a
1,800 line-kilometre airborne EM and magnetic survey flown during the
fall of 2006.
A planned 135 kilometre linecutting and ground geophysical program is
underway on the South Dufferin project. This program is based upon the
results of a 1,200 line-kilometre airborne EM and magnetic survey that
identified seventeen 'zones of interest' in areas interpreted to be
structurally complex. These zones consist of north-northeast trending
conductors, locally exhibiting correlation with magnetic lineaments. In
total, eight grids will be established and surveyed. A follow-up
diamond drilling program during the summer of 2008 will be finalized
once this work is complete.
On the Pendleton Lake project, a 500-metre diamond drilling program is
planned for the summer of 2008. It will follow-up and complete the
helicopter-supported program that was suspended in mid-October 2007 due
to adverse weather conditions. In 2007, three holes comprising 416
metres were drilled, one of which was abandoned in sheared graphitic
pelites. In spite of the poor production, the results were encouraging
in that all three holes intersected broad zones of structural
disruption, and strongly altered and sulphide-rich graphitic units with
anomalous geochemistry. The 2008 program will be carried out in
conjunction with a drilling program on the Company's nearby and 100%
owned Way Lake project.
The Company has received the results from the 2007 exploration program
on the Kelic Lake project. This program focused on targets identified
from a 975 line-kilometre airborne EM and magnetic survey, and
consisted of some 84 kilometres of linecutting and 130 kilometres of
ground EM surveying on four separate grids. A number of targets for
follow-up have been identified. Planning and the timing of additional
work are underway.
The Company holds a 25% interest in the Lazy Edward Bay, Pendleton Lake
and Kelic Lake projects, which are Joint Ventures with Denison. South
Dufferin is under option to Denison.
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:
ON BEHALF OF THE BOARD
President & CEO
For further information contact JNR 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.
Copyright (c) 2008 JNR RESOURCES INC. (JNN-TSXV) All rights reserved.
For more information visit our website at http://www.jnrresources.com/
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