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Re: News Release - Thursday, December 20, 2007
JNR Updates Progress on Newfoundland Uranium Projects.
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Saskatoon, SK, December 20, 2007 - JNR Resources Inc. (TSXV:JNN) is
pleased to provide the following update on its Newfoundland uranium
joint ventures with partner Altius Minerals Corporation (TSX:ALS);
jointly the "Companies".
The Companies have approved in principle a 2008 exploration program
budgeted at $1.7 million for the jointly held Topsails uranium project.
The Topsails project is a 50/50 alliance that was established in the
fall of 2007 to explore for volcanic-hosted uranium deposits in a
defined area of central Newfoundland. It was acquired by staking 10,584
claims covering some 264,600 hectares. Recently, an additional 65
claims (1,625 hectares) were staked in an area of anomalous uranium in
soils and added to the project lands.
Prior to acquiring the ground, field investigations confirmed the
prospective geological setting. JNR's Director of Exploration, Dr.
Irvine R. Annesley comments: "Geologically, the Topsails property
exhibits a number of similarities to the Streltsovka caldera, Russia's
largest resource of uranium, and the McDermitt caldera in the western
United States". Furthermore, a review of the limited reconnaissance
work carried out previously at Topsails indicates significant
radiometric anomalies associated with the volcanic rocks.
The 2008 program will be initiated early in the New Year and consist of
lake sediment sampling, a detailed airborne radiometric and magnetic
survey and an extensive prospecting campaign in areas identified as
being anomalous.
The Company is also pleased to announce that the fall diamond drilling
and trenching program on the Rocky Brook property has recently been
completed. JNR is earning a 70% interest in the project from Altius.
The property features three distinct areas of un-sourced, altered and
mineralized sandstone boulders with reported values ranging from 1% to
more than 10% U3O8, as well as very high-grade silver contents.
The fall drilling program consisted of 82 holes totalling 2,482 metres.
Four areas were targeted, with focus on the Birchy Hill Brook and
Wigwam Brook boulder anomalies. Prior drilling at Birchy Hill Brook
identified radioactive zones associated with hematized sandstone and
mudstone units. In the Wigwam Brook area, the results to date indicate
a complex stratigraphic/structural control to the mineralization
accompanied by geochemical enrichment. A trenching program in the
Wigwam Brook area was also completed.
All core and trench samples have been sent to the Saskatchewan Research
Council Laboratory in Saskatoon for analysis. The results will be
released once all of the pertinent data is fully evaluated.
JNR's Vice President of Exploration, David L. 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
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.
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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 Thu Dec 20, 2007 at 7:00:21 AM Pacific Time
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