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JNR Intersects New Area of Uranium Mineralization on Way Lake Uranium Project
Published : May 04, 2011
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Mots clés associés :   Canada | Thorium | Uranium |

TSXV:JNN

SASKATOON, May 4 /CNW/ - JNR Resources Inc. (TSXV:JNN) ('JNR' or the 'Company') is pleased to report the 2011 winter diamond drilling program has been completed 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. Anomalous radioactivity with low-grade, basement-hosted uranium mineralization and key geological features were intersected by drilling within a new area, Fraser Lakes North, northeast of Fraser Lakes Zone B.

The drilling program comprised 2,590 metres in 10 holes and focused on several ancillary structural targets related to the Fraser Lakes Zone B. Anomalous radioactivity accompanied by significantly disrupted and locally clay-altered Wollaston Group graphitic pelitic gneisses and granitic pegmatites was intersected in 6 of the 10 holes. These ancillary mineralized zones are located within previously untested portions of a folded, 65-km long electromagnetic (EM) conductor system, hosted by Wollaston Group graphitic pelitic gneisses and uraniferous granitic pegmatites. The mineralized zones were discovered by ground prospecting of airborne geophysical targets during the summer of 2008.

The core recovered from the two holes on Fraser Lakes North shows evidence of major structural reactivation, significant clay alteration, uranium remobilization, and basinal brine fluid circulation. These features are all prominent characteristics of the most significant basement-hosted uranium deposits in the Athabasca Basin, such as the Eagle Point, Millennium, P-Patch, and the Roughrider Zone.

Four new drill holes from the east-northeast end of Fraser Lakes Zone B have extended the mineralized area to approximately 1,200 metres long at a minimum depth of 175 metres. This zone of moderately dipping, multiple stacked uranium and thorium mineralized horizons remains open to the southwest and east-northeast. One of the holes has provided additional 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.

In addition, preliminary analysis of the results from PIMA infrared spectroscopy of the four new drill holes in the T-Bone Lake area (WYL-10-53 and 55: News Release: June 17, 2010) has indicated a preponderance of the important pathfinder mineral, illite, within a major clay-filled fault system that was intersected in 2010.

Ken Wasyliuk, Chief Geochemist for JNR comments: "The preliminary clay alteration patterns that we are seeing from the PIMA analysis are analogous to those observed at other significant basement-hosted uranium deposits such as Eagle Point, Millennium, P-Patch, and the Roughrider Zone. In conjunction with the positive geological attributes and anomalous radioactivity, the potential for the discovery of significant high-grade uranium mineralization in the Fraser Lakes district is considered excellent."

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 of these targets.

All of the samples have been delivered to the Saskatchewan Research Council Geoanalytical Laboratories in Saskatoon, SK, a Standards Council of Canada (CCRMP) certified analytical laboratory. Final geochemical results should be received for evaluation by early June, and will be integrated with on-going studies to plan the next phase of drilling.

JNR's Director of Exploration, Dr. Irvine R. Annesley, 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

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.

For further information:

JNR Resources at 306.382.2211 or 877.567.6463

Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

JNR Resources

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JNR est une société d’exploration minière d'argent et d'or basée au Canada.

JNR détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont BELL LAKE, PENDLETON LAKE, KELIC LAKE, NORTH WEDGE, SOUTH DUFFERIN, SNOWBIRD PROPERTY, YURCHISON LAKE, TOPSAILS, SOUTH FORK, CRACKINGSTONE, MOORE LAKE, ROCKY BROOK, SOUTH CIGAR, LAZY EDWARD BAY, WAY LAKE, BLACK LAKE PROPERTY et NEWNHAM au Canada.

JNR est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 11,5 millions CA$ (11,4 millions US$, 8,4 millions €).

La valeur de son action a atteint son plus bas niveau récent le 31 décembre 2003 à 0,03 CA$, et son plus haut niveau récent le 31 décembre 2007 à 4,50 CA$.

JNR possède 114 620 000 actions en circulation.

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Financements de JNR Resources
06/11/2012Announces $3.0 Million Financing
07/05/2012Announces Closing of Private Placement
18/04/2012Announces Private Placement
14/03/2011Announces Closing of $2,810,000 Private Placement
24/02/2011JNR Announces $ 3.000.000 Private Placement
12/08/2010Increases Private Placement
12/11/2009Announces Closing of Private Placement
23/10/2009Private Placement
20/07/2009Increases Private Placement
30/12/2008Announces Closing Of Private Placement
19/12/2008Announces Private Placement
Attributions d'options de JNR Resources
16/08/2010Granting of Stock Options/Directors Re-elected
16/02/2008Announces Granting of Stock Options
Nominations de JNR Resources
22/10/2012Announces Re-Election of Directors and Planning of 2013 Prog...
15/02/2011Announces Appointment of Dave Billard, P.Geo. as Chief Opera...
16/05/2007Announces Appointment of New Director and Officers
Projets de JNR Resources
11/05/2012Commences Spring Drilling Program at Black Lake Uranium Proj...
06/10/2011(Topsails)/Altius Commence 2011 Fall Exploration Program at Topsails P...
18/08/2011Commences 2011 Summer Drilling Program at Snowbird Uranium P...
21/07/2011(Way Lake)Extends Areas of Uranium Mineralization at Way Lake
27/04/2011(Moore Lake)Announces Results of 2011 Moore Lake Winter Diamond Drilling...
30/03/2011(Way Lake)Commences 2011 Drilling Program at Way Lake Uranium Project
09/03/2011(Newnham)Completes Airborne Gravity Survey on the Newnham Lake Proper...
03/03/2011(Lazy Edward Bay)Completes Airborne Gravity Survey on the Lazy Edward Bay Pro...
22/12/2010(Moore Lake)Announces 2011 Winter Exploration Programs
17/06/2010(Way Lake)Extends Uranium Mineralization
20/04/2010(Way Lake)Completion of 2010 Drilling Program at Way Lake Uranium Proj...
07/04/2010(South Dufferin)Results of Airborne Surveys on the Snowbird-South Dufferin P...
14/01/2010(Way Lake)2010 Drilling Program at Way Lake Uranium Project
18/12/2009(Topsails)/Altius Discover Rare Earth Metals and Uranium-Thorium Miner...
30/11/2009(Topsails)Altius Discover Cu-Mo-Au-Ag Mineralization at Topsails
09/09/2009(Rocky Brook)Drilling Underway at Rocky Brook Uranium Project
21/07/2009(Topsails)Provides Exploration Update on Topsails Uranium Project, New...
16/07/2009(Way Lake)Intersects Uranium/Thorium Mineralization at Way Lake
14/05/2009(Rocky Brook)Earns 70% Interest in Rocky Brook Project -- Exploration Con...
27/02/2009(Way Lake)Provides Remaining 2008 Drilling Results from Way Lake
20/02/2009(Way Lake)Announces Drilling Program Underway at Way Lake Uranium Proj...
14/11/2008(Way Lake)Discovers New Mineralized Zones on Way Lake Uranium Project
25/08/2008(South Fork)Announces Drilling Results at South Fork Uranium Project
09/07/2008(Way Lake)Takes Delivery of Third Drill; Two Drills Active at Way Lake
12/05/2008(Way Lake)Announces Drilling Program Underway at Way Lake
09/04/2008(Crackingstone)Announces Results of Airborne Surveys on the Black Lake & Cr...
19/03/2008(Way Lake) Announces Results of 2007 Way Lake Exploration Program
28/02/2008(Moore Lake) Provides Further Update on Athabasca Basin Exploration Acti...
12/02/2008(South Fork) Announces Drilling Program on South Fork Uranium Project, S...
20/09/2007(Bell Lake)Announces Drilling Program Underway at Bell Lake
18/09/2007(Crackingstone)Airborne Surveys on the Crackingstone, Black Lake & Newnham ...
Communiqués de Presse de JNR Resources
14/11/2012Announces Agreement to be Acquired by Denison Mines Corp.
13/08/2012(Way Lake)Announces an Inferred Mineral Resource Estimate for the Fras...
13/06/2012Announces Drilling Results at Black Lake Uranium Project
03/02/2012Provides Update on 2012 Athabasca Basin Exploration Activiti...
07/10/2011Announces Granting of Stock Options/Directors Re-Elected
29/06/2011Continues to Develop 3D Exploration Models to Target New Ura...
04/05/2011(Way Lake)Intersects New Area of Uranium Mineralization on Way Lake Ur...
06/07/2010RB Milestone Initiates Coverage of JNR Resources Inc.
03/02/2009Announces Proposed Conversion Of Preferred Shares
25/11/2008San Francisco Hard Assets Investment Conference
29/08/2008Provides Update on Newfoundland Uranium Exploration
21/08/2008Provides Update on Athabasca Basin Drilling Programs
15/05/2008Provides Update on Newfoundland Uranium Exploration
26/02/2008 Announces Further 2008 Exploration Activities
21/01/2008 Announces 2008 Winter Exploration Programs Underway
20/12/2007JNR Updates Progress on Newfoundland Uranium Projects.
19/12/2007 Announces Drilling Programs for 2008
01/11/2007 Announces Completion of 2007 Way Lake Exploration Program
30/10/2007 Announces Purchase of Two Diamond Drills
03/10/2007 and Altius Form Uranium Exploration Alliance
12/09/2007Announces Airborne Survey Underway on South Fork Uranium Pro...
21/08/2007 and Altius Resume Uranium Exploration at Rocky Brook
14/05/2007to Option South Fork Project to Uranium Power Corporation
22/03/2007Announces Closing of $16 Million Financing
26/02/2007Announces $15 Million Financing
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TSX-V (JNN.V)FRANKFURT (JN2.F)
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