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JNR Resources Inc. (TSXV:JNN.V) (the 'Company') as operator, has completed a 1,379 line-km airborne
gravity gradient survey over its 100% owned Newnham
Lake project (8 claims, 27,723 ha). The results of this survey have been
processed and now are being interpreted and integrated with previous ground
and airborne geophysical programs to further define drill targets.
Preliminary results of the aircraft-borne, full tensor 3D gravity
gradient survey clearly show that this program was successful in better
defining the structural setting of the property. Several 'zones of interest'
outlined within the Newnham Lake claims lie along
extensive corridors of well-defined, structurally-disrupted basement
conductors. The corridors are typically several km in strike length. This
property is now at a drill-ready stage with numerous high-priority targets
identified.
The Newnham Lake project
straddles the northern margin of the Athabasca Basin and lies directly along
the Cable Bay Shear zone. This is a major transcrustal
structural feature, which exhibits many of the positive geochemical and
geological attributes required for the formation of significant uranium
deposits. Although the property has been drill-tested historically, many
high-priority targets remain. These better defined targets are anticipated to
be the focus of future drilling programs.
JNR Resources is a junior exploration company primarily focused on
uranium exploration and development in the provinces of Saskatchewan and
Newfoundland. The company has a varied interest in several prospective
uranium properties in the Athabasca Basin of northern Saskatchewan that have
been and will continue to be the focal point of JNR's exploration efforts.
JNR's Director Exploration, Dr. Irvine R. Annesley,
P.Geo, 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
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release. Statements
contained in this news release that are forward-looking statements involve
known and unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to be materially
different from any future results, performance or achievements expressed or
implied by the forward-looking statements. Such risks and other factors
include, among others, risks related to the accessibility to the property;
operational risks; weather; availability of equipment and personnel; changes
in project parameters as plans continue to be refined; delays in obtaining
governmental approvals; delays or failure in obtaining financing on
acceptable terms. Although the Company has attempted to identify important
factors that could cause actual actions, events or results to differ
materially from those described in forward-looking statements, there may be
other factors that cause actions, events or results not to be as anticipated,
estimated or intended. There can be no assurance that forward-looking
statements will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking
statements.
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