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Introduction
The Bell Lake project is located in the Athabasca Basin of northern Saskatchewan, some 50 to 75 kilometres northwest of the Rabbit Lake mine and within 5 kilometres of Cameco's La Rocque Lake uranium zone, where intersections of up to 31.9% U3O8 over 7.0 metres have been reported. It consists of ten claims totaling 30,767 hectares.
JNR and Denison Mines Corp. (Dension; formerly International Uranium Corporation) formed the project in December 2005, by combining a number of claims that both companies controlled. Included in the newly constituted Joint Venture are all of Denison's Ward Creek claims and JNR's Bell Lake and La Rocque Lake claims. JNR's properties had been under option to IUC.
JNR will hold a 40% interest in the project and will retain a 2% NSR on the Bell Lake and La Rocque Lake claims. Denison will hold a 60% interest in the project and act as project operator. The Ward Creek claims are also subject to a 2% NSR, payable to a third party.
Previous Work
Historic work consisted largely of airborne magnetic and electromagnetic (EM) surveys. In 1980, two prominent conductors were ground defined in the immediate Bell Lake area and tested with five drill holes. The results were encouraging in that three of the holes returned anomalous uranium, lead and nickel values from the basal sandstone. The clay type, illite and chlorite, is also viewed as being favourable. The best analytical result was 586 ppm uranium from the unconformity in drill hole BE-4.
In 1999-2000, JNR and Kennecott explored in the area and identified targets along strike of the same Q22 conductive system that hosts the La Rocque Lake uranium zone.
Exploration in 2006-2007 focussed on ground defining newly identified electromagnetic (EM) conductors and inadequately tested historical conductors. The work consisted of some 235 kilometres of line cutting, 375 kilometres of ground magnetometer and time domain electromagnetic (TDEM) surveying and a property-wide composite sandstone boulder sampling. In total, 646 samples were collected.
Project operator, Denison, completed a 3-hole, 1,436-metre diamond drilling program in September 2007 that focused on targets identified by the previous exploration programs. Analytical results are pending.
Current Program
The 2008 winter diamond drilling program consisted of 4 holes totaling 2,051 metres and tested east-west trending EM conductors, some of which are coincident with areas containing anomalous uranium in boulders. The 2008 program also included 50 kilometres of linecutting and ground geophysical surveys. Results are pending.
Quality Assurance / Quality Control
JNR's Vice-President Exploration, David L. Billard, PGeo, is the Qualified Person for the Company's Athabasca Basin uranium projects. All technical information for the projects is obtained and reported under a formal quality assurance and quality control (QA/QC) program, details of which are presented in the PDF link below.
 Quality Assurance & Quality Control Program
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