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JNR Commences 2011 Drilling Program at Way Lake Uranium Project



JNR Resources Inc. (TSXV:JNN) (the 'Company') is pleased to announce that a minimum 2,500 metre 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 planned drilling program comprises 15 to 20 drill holes and will focus on several ancillary structural targets related to the Fraser Lakes "B" Zone. These targets in conjunction with the Fraser Lakes mineralization identified to date have significant potential to host high-grade basement mineralization similar to that identified at the Eagle Point, Millennium, and Roughrider Zones. The significant uranium and metal endowment in the Fraser Lakes district combined with the lack of sandstone cover and shallow depth to mineralization allows for efficient and timely exploration on these targets.

The B Zone showings occur within an antiformal fold nose of a 65-kilometre-long folded electromagnetic (EM) conductor system comprised of Wollaston Group graphitic pelitic gneisses (+/-sulphides) and uraniferous granitic pegmatites. Of 70 grab samples taken from individual mineralized outcrop sites at the B Zone, 70% returned assays ranging from 0.03 to 0.457% U3O8. Drilling to date on the Fraser Lakes B Zone has identified an extensive area approximately 1000 metres long by 650 metres wide of moderately dipping, multiple stacked uranium and thorium mineralized horizons open to the southwest and east-northeast to at least 125 metres depth. The radioactivity is accompanied by significantly disrupted and locally clay-altered Wollaston Group graphitic pelitic gneisses (+/-sulphides) and granitic pegmatites. The drilling has also provided compelling evidence for the presence of major east-west and north-south structural corridors that intersect the main northeast-trending EM conductors. These intersecting features are postulated to be controlling structural geochemical traps for the formation of high-grade mineralized zones at Fraser Lakes.

Dr. Irvine Annesley, Director of Exploration for JNR states: "The Fraser Lakes conductive trend is metal-rich, areally extensive, and shows evidence of major structural reactivation, significant clay alteration, uranium remobilization, and basinal brine fluid circulation, including the presence of aluminum phosphate-sulphate (APS) minerals. These are all prominent characteristics of the most significant basement-hosted uranium deposits in the Athabasca Basin."

JNR's Vice-President, Exploration and Chief Operating Officer, Dave 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

 

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Financings of JNR Resources
11/6/2012Announces $3.0 Million Financing
5/7/2012Announces Closing of Private Placement
4/18/2012Announces Private Placement
3/14/2011Announces Closing of $2,810,000 Private Placement
2/24/2011JNR Announces $ 3.000.000 Private Placement
12/21/2010JNR Announces Closing of $ 286.000 Private Placement
12/14/2010Increases Private Placement to $ 286,000
12/9/2010JNR Announces $ 200.000 Private Placement
9/2/2010Announces Closing of Private Placement
8/12/2010Increases Private Placement
8/4/2010Private Placement
11/12/2009Announces Closing of Private Placement
10/23/2009Private Placement
7/20/2009Increases Private Placement
12/30/2008Announces Closing Of Private Placement
12/19/2008Announces Private Placement
Option Grants of JNR Resources
8/16/2010Granting of Stock Options/Directors Re-elected
2/16/2008Announces Granting of Stock Options
Nominations of JNR Resources
10/22/2012Announces Re-Election of Directors and Planning of 2013 Prog...
2/15/2011Announces Appointment of Dave Billard, P.Geo. as Chief Opera...
5/16/2007Announces Appointment of New Director and Officers
Project news of JNR Resources
3/30/2011(Way Lake)Commences 2011 Drilling Program at Way Lake Uranium Project
3/9/2011(Newnham)Completes Airborne Gravity Survey on the Newnham Lake Proper...
1/5/2011(Topsails)/Altius Extend Mineralized Zone at the Koorae Cu-Mo-Au-Ag Pr...
12/22/2010(Bell Lake)Announces 2011 Winter Exploration Programs
12/22/2010(Moore Lake)Announces 2011 Winter Exploration Programs
12/14/2010(Topsails)/Altius Discover Additional Mineralization at the Sheffield ...
12/13/2010(Yurchison Lake)Discovers Significant Base Metal Mineralization on its 100% ...
11/1/2010(Topsails)/Altius Discover Additional Mineralization at the Koorae Cu-...
10/25/2010(Topsails)/Altius Identify Additional Copper Mineralization and Stake ...
9/28/2010(South Dufferin)Announces Completion of Airborne Gravity Survey on the Snowb...
9/23/2010(Crackingstone)Announces Completion of Airborne Gravity Survey on the Crack...
6/17/2010(Way Lake)Extends Uranium Mineralization
4/20/2010(Way Lake)Completion of 2010 Drilling Program at Way Lake Uranium Proj...
4/7/2010(South Dufferin)Results of Airborne Surveys on the Snowbird-South Dufferin P...
1/14/2010(Way Lake)2010 Drilling Program at Way Lake Uranium Project
12/18/2009(Topsails)/Altius Discover Rare Earth Metals and Uranium-Thorium Miner...
11/30/2009(Topsails)Altius Discover Cu-Mo-Au-Ag Mineralization at Topsails
9/9/2009(Rocky Brook)Drilling Underway at Rocky Brook Uranium Project
7/21/2009(Topsails)Provides Exploration Update on Topsails Uranium Project, New...
7/16/2009(Way Lake)Intersects Uranium/Thorium Mineralization at Way Lake
5/14/2009(Rocky Brook)Earns 70% Interest in Rocky Brook Project -- Exploration Con...
2/27/2009(Way Lake)Provides Remaining 2008 Drilling Results from Way Lake
2/20/2009(Way Lake)Announces Drilling Program Underway at Way Lake Uranium Proj...
11/14/2008(Way Lake)Discovers New Mineralized Zones on Way Lake Uranium Project
8/25/2008(South Fork)Announces Drilling Results at South Fork Uranium Project
7/9/2008(Way Lake)Takes Delivery of Third Drill; Two Drills Active at Way Lake
5/12/2008(Way Lake)Announces Drilling Program Underway at Way Lake
4/9/2008(Crackingstone)Announces Results of Airborne Surveys on the Black Lake & Cr...
3/19/2008(Way Lake) Announces Results of 2007 Way Lake Exploration Program
2/12/2008(South Fork) Announces Drilling Program on South Fork Uranium Project, S...
9/20/2007(Bell Lake)Announces Drilling Program Underway at Bell Lake
9/18/2007(Crackingstone)Airborne Surveys on the Crackingstone, Black Lake & Newnham ...
Corporate news of JNR Resources
2/3/2012Provides Update on 2012 Athabasca Basin Exploration Activiti...
7/6/2010RB Milestone Initiates Coverage of JNR Resources Inc.
2/3/2009Announces Proposed Conversion Of Preferred Shares
11/25/2008San Francisco Hard Assets Investment Conference
8/29/2008Provides Update on Newfoundland Uranium Exploration
8/21/2008Provides Update on Athabasca Basin Drilling Programs
5/15/2008Provides Update on Newfoundland Uranium Exploration
2/26/2008 Announces Further 2008 Exploration Activities
1/21/2008 Announces 2008 Winter Exploration Programs Underway
12/20/2007JNR Updates Progress on Newfoundland Uranium Projects.
12/19/2007 Announces Drilling Programs for 2008
11/1/2007 Announces Completion of 2007 Way Lake Exploration Program
10/30/2007 Announces Purchase of Two Diamond Drills
10/3/2007 and Altius Form Uranium Exploration Alliance
9/12/2007Announces Airborne Survey Underway on South Fork Uranium Pro...
8/21/2007 and Altius Resume Uranium Exploration at Rocky Brook
5/14/2007to Option South Fork Project to Uranium Power Corporation
3/22/2007Announces Closing of $16 Million Financing
2/26/2007Announces $15 Million Financing
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TSX-V (JNN.V)FRANKFURT (JN2.F)
0.100+0.00%0.067-2.90%
TSX-V
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01/30 15:16 -
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