======================================================================
Re: News Releases - Wednesday, September 12, 2007
JNR Announces Airborne Survey Underway on South Fork Uranium
Project
======================================================================
Saskatoon, SK, September 12, 2007 - JNR Resources Inc. (TSXV:JNN) (the
'Company') has been advised by the project operator, Uranium Power
Corp. (TSXV:UPC), that Fugro Airborne Surveys has been contracted to
carry out an airborne electromagnetic and magnetometer survey over the
South Fork uranium project using the TEMPEST system. In total, just
over 3,300 line-kilometres will be flown with a scheduled start up date
of late September 2007.
The project is located in the east Cypress Hills area of southwestern
Saskatchewan. The target is Eocene age paleochannels, which exhibit
significant similarities to those which host uranium mineralization in
the Powder River Basin uranium district of Wyoming. The Powder River
Basin contains numerous roll-front uranium deposits which are amenable
to in-situ recovery.
The TEMPEST system has been demonstrated to be effective in mapping
channels and will be instrumental in planning further work. The results
of this survey will be compiled with old drill data from the late 1970s
and early 1980s and used to effectively design an extensive drill
program planned for the spring of 2008.
The South Fork project is under option to Uranium Power Corp. (UPC).
The terms of the agreement call for UPC to reimburse JNR for prior
expenditures, not to exceed $100,000, and to carry out $1,500,000 of
exploration by January 25, 2009 to earn a 50% interest in the project.
UPC can then increase its interest to 65% by spending an additional
$1,000,000 on exploration activities by January 25, 2011.
JNR's Vice-President of Exploration, David L. Billard, PGeo, is the
qualified person responsible for the technical data presented in this
release. 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
For further information contact JNR Resources 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) 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
Message sent on Tue Sep 11, 2007 at 5:05:57 PM Pacific Time
======================================================================
.
![]()