JNR Announces Results of 2007 Way Lake Exploration Program
Saskatoon, SK, March 19, 2008 - JNR Resources Inc. (TSXV:JNN) (the
'Company') is pleased to announce the results of the 2007
helicopter-supported exploration program 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 2007 program cost roughly $2.5 million and represents the first
significant exploration carried out on the project lands in over 25
years. It consisted of a major prospecting campaign carried out over
the entire Way Lake project area; 125 kilometres of linecutting,
Horizontal Loop EM and ground magnetics, as well as a detailed 700
line-kilometre airborne VTEM survey over the Hook Lake showing and
previously un-surveyed claims in the southeastern portion of the
property; an orientation bulk till sampling survey and the completion
of fourteen diamond drill holes totalling 2,467 metres.
The prospecting program resulted in the discovery of three new uranium
showings (West Way, EWA and Nob Hill) as well as a broad area in the
southwest corner of the property (Walker Lake showings) that contains
several outcrops returning anomalous radioactivity. The best results
were obtained in grab samples from the West Way (up to 0.475 % UO) and
EWA (up to 0.492 % UO) showings.
The newly discovered West Way occurrence is located approximately 6.5
kilometres due north of the Hook Lake area. Anomalous radioactivity was
identified at the north end of a 1.0-kilometre long ridge of
discontinuous outcrops. The corresponding uranium mineralization is
vein type and associated with a northeast-trending shear zone
accompanied by molybdenite-bearing calc-silicate alteration. Grab
samples from the shear zone returned values of 0.072 to 0.475% UO along
with anomalous levels of pathfinder elements such as lead (up to 1,480
ppm) and boron (up to 212 ppm).
At Nob Hill, 14 kilometres to the southwest of the Hook Lake area,
summer prospecting discovered a north-northeast trending granitic
pegmatite cut by cross cutting fractures with zones of anomalous
radioactivity. The mineralization is vein-type and occurs within
dilational zones similar to those that host the uranium mineralization
at Cameco's Eagle Point uranium mine and at the Beaverlodge and
Karpinka Lake deposits. Grab samples returned values of 0.130% and
0.141% UO and up to 634 ppm lead.
The newly discovered EWA zone is located in the southwest corner of the
property, approximately 19 kilometres southwest of Nob Hill and
proximal to a northeast-trending conductive zone identified by the
airborne VTEM survey. The uranium mineralization occurs within a 10- to
20-metre wide, northeast-trending sheared pelitic unit accompanied by
granitic inliers, and has been traced over a minimum strike length of
85 metres. Several grab samples were obtained from the shear zone and
returned values of 0.064 to 0.492% UO and up to 1,300 ppm lead.
The Walker Lake showings occur over a 3.0-kilometre long by
1.0-kilometre wide area along the east central side of Walker Lake, 2.0
kilometres east of the EWA zone. These showings consist largely of
granite and pegmatite outcrops, grab samples from which returned values
of 0.017 to 0.079% UO. This area is also proximal to a
northeast-trending conductive zone.
The airborne VTEM and ground EM surveys identified and better defined
some 60 kilometres of virtually untested, complexly folded EM
conductors in the southern portion of the property. The few historic
holes drilled in this area intersected abundant sulphide-rich,
graphitic pelitic gneisses with radiogenic granitic pegmatites that are
structurally disrupted and strongly clay altered. These features are
common to uranium deposits in the Athabasca Basin, which bodes well for
the potential of these conductors to host uranium mineralization.
The diamond drilling program met with mixed results. Initially, some
thirty holes were planned for the Hook Lake area, but contractor delays
resulted in lower than budgeted production levels and prevented a
thorough evaluation of the area. Although no high-grade uranium
mineralization was intersected, all fourteen holes intersected
significant structural features composed of brittle fracturing and/or
ductile-brittle shearing with anomalous pathfinder geochemistry in
In total, eight holes (WYL-07-01 to -04 and -06 to -09) tested the
vicinity of the Hook Lake showing. WYL-07-01, which collared in
high-grade rubble, intersected a 3.0-metre wide zone of anomalous
radioactivity beginning at 14.5 metres downhole. The best result
obtained in the hole was 0.117% eU3O8 over 0.8 metres. WYL-07-02
intersected a 3.5-metre wide zone of anomalous radioactivity beginning
at 20.2 metres downhole, with the best result being 0.119% eUO over 2.6
metres. Nickel and lead enrichment accompanied the mineralized
Four holes (WYL-07-05 and -10 to -12) tested a minimum 1.0-kilometre
long, geophysically interpreted lineament located to the northwest of
the showing. All four holes intersected a broad, ~20-metre wide
northeast trending ductile-brittle fault, which correlates with the
lineament and is locally enriched in uranium and pathfinder elements.
The fault occurs some 80 to 90 metres from the showing and is
interpreted to represent the structure that controls the uranium
mineralization at Hook Lake.
Two drill holes (WYL-07-13 and -14) tested the down dip extent of the
West Way mineralized shear zone at shallow depths and confirmed the
presence of a well defined and altered structure. In WYL-07-13, the
structure contained significant sulphide mineralization and returned
anomalous copper (up to 1,900 ppm/0.5 metres), nickel, cobalt, arsenic
and vanadium values, and locally elevated uranium and lead.
JNR's Director of Exploration, Dr. Irvine R. Annesley, comments: "The
Way Lake project is an excellent exploration play with significant
uranium values obtained over an extensive area. I am excited about the
prospects of discovering a near-surface uranium deposit within this
fertile geological environment. The next step is to drill all of these
A planned 10,000-metre drilling program at Way Lake will resume
following spring break-up. This program will continue the evaluation of
the Hook Lake area with testing of the newly discovered uranium
showings, as well as testing of the extensive conductor system and
coincident uranium occurrences in the southern part of the property. To
ensure that its drilling objectives are met in a timely fashion, the
Company will utilize its two new Duralite diamond drills that are
currently operating on the Company's 100% owned Black Lake uranium
JNR's Vice-President of Exploration, David L. Billard, PGeo, is the
qualified person responsible for the technical data presented in this
release. Samples were analysed at the Saskatchewan Research Council
Laboratory in Saskatoon. 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
President & CEO
For further information contact JNR Resources at 306.382.2211 or
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