 | | | Publié le 21 juillet 2009 | Provides Exploration Update on Topsails Uranium Project, Newfoundland |
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Re: News Release - Tuesday, July 21, 2009
Title: JNR Provides Exploration Update on Topsails Uranium Project, Newfoundland
Saskatoon, SK, July 21, 2009 - JNR Resources Inc. (TSXV:JNN) (the 'Company') is pleased to provide the following update and results on the Topsails uranium project in central Newfoundland.
The Topsails uranium project consists of 7,304 mineral claims totalling 182,600 hectares. It is a 50/50 alliance between the Company and Altius Resources Inc. (jointly the 'Companies') that was established to explore for volcanic-hosted uranium deposits in a defined area of west-central Newfoundland near the mining community of Buchans.
The 2009 program budgeted at approximately $500,000 was initiated in the spring with the collection of some 120 lake sediment samples and the initiation of a 3D Discover/GOCAD exploration model. An extensive prospecting and mapping program is now underway and will continue into the fall. It will focus on six separate areas identified by the 2008 program that returned highly anomalous geochemistry, including up to 5,260 ppm uranium in one sample and 35,000 ppm copper in another. A nominal amount of trenching and soil geochemistry will also be carried out.
Also completed during the winter of 2009, was an advanced re-processing and interpretation of an 18,812 line-kilometre fixed wing radiometric and magnetic survey flown in 2008. This work identified more than 60 targets for follow up, several of which were not evaluated by prospecting in 2008.
A property-wide lake sediment geochemical survey, completed during 2008, indicated anomalous uranium values with associated molybdenum and fluorine in a number of areas, the largest being 20 by 10 kilometres in size. With background values less than 10 ppm, anomalous uranium values of greater than 30 ppm, to a maximum of 535 ppm, were identified in more than 30 lakes. These samples combined with historical surveys highlighted four distinct areas of extensive uranium-molybdenum enrichment. The geochemically anomalous lakes lie within or adjacent to granitic rocks related to the caldera complexes targeted for exploration, and confirm the prospectivity of the Topsails rocks for hosting volcanic-related uranium mineralization.
It should be noted that lakes in the vicinity of uranium deposits in the prolific Athabasca Basin are commonly anomalous in uranium and pathfinder elements associated with the mineralization. Molybdenum and fluorine are common pathfinder elements diagnostic of volcanic-hosted uranium deposits. Furthermore, volcanic-hosted uranium deposits are a significant source of high-tonnage moderate-grade uranium, with one of the best examples being the Streltsovka caldera, Russia's largest uranium resource.
Further results will be released as they become available.
JNR is led by a highly experienced management team with proven discovery success in uranium exploration. In addition to its projects in Newfoundland, the Company has an interest in fourteen properties totalling some 339,328 hectares of highly prospective ground in the renowned Athabasca Basin of northern Saskatchewan.
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
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.
Copyright � 2009 JNR RESOURCES INC. (JNN-TSXV) All rights reserved. For more information visit our website at http://www.jnrresources.com/ or send email to info@jnrresources.com ..
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JNR Resources
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EXPLORATEUR |
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CODE : JNN.V |
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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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