 |
JNR Resources Inc. (TSX Venture - JNN) is a junior resource company currently engaged in the exploration and development of mineral properties in the provinces of Saskatchewan and Newfoundland. The company has a varied interest in several prospective uranium properties in the Athabasca Basin of northern Saskatchewan that have been and will continue to be the focal point of JNR's exploration efforts.
Background
In February 1997, with uranium prices on the rise and expected to increase substantially within the decade, JNR Resources began to acquire a significant land position in the Athabasca Basin of northern Saskatchewan. The Athabasca Basin is recognized as the most prospective uranium-mining district in the world. JNR's highly experienced technical team engaged in a systematic program by of prioritizing and staking targets based on geology, metallogenic models and extensive review of historical assessment records. JNR's early foresight of a strong uranium market enabled the Company to acquire its prospective ground long before the Athabasca staking rush and current exploration "area play".
JNR's holdings in the Basin include a 100% interest in 5 properties totalling 164,626 hectares, a 30,767-hectare joint venture with Denison Mines Corp. (Dension; formerly International Uranium Corporation) where JNR holds a 40% interest, and an additional 7 properties totalling 166,750 hectares in which Denison has the option to earn varying interests.
In Dec 2004, JNR entered into a joint venture agreement with Altius Mineral Corporation to earn a 70% interest in their Rocky Brook uranium property located in western Newfoundland. The property is approximately 11,000 hectares in size and features three distinct areas of un-sourced, altered and mineralized sandstone boulders with reported values of up to 11.5% U3O8 and 859 oz/t (2.9%) silver.
Technical Expertise
President & CEO, Rick Kusmirski, MSc, PGeo, has 30 years of experience in exploration in North America and overseas, and has actively participated in the discovery of a number of gold, uranium, and base metals deposits. Rick joined JNR Resources in 2000 and subsequently directed the exploration program that led to the discovery of the Maverick Zone on the Moore Lake joint venture property. Prior to joining JNR, Rick was the Exploration Manager for Cameco Corporation's uranium projects in the Athabasca Basin.
Heading up the Company's Technical Advisory Committee is Dr. Les Beck, PEng, PGeo, a world-renowned uranium expert and the author of numerous scientific publications dealing with uranium deposits in Saskatchewan, including, "Uranium Deposits in the Athabasca Region". Dr. Beck is the former Executive Director of the Geology & Mines Division for Saskatchewan Energy & Mines.
Rounding out JNR's technical team is Vice-President, Exploration, David Billard, BSc, PGeo, with 30 years of industry experience, including 12 years with Cameco Corporation in western Canada and the western United States. Irvine Annesley, PhD, PGeo, is Director of Exploration, with 30 years of industry experience including the past 19 as a senior research geologist with the Saskatchewan Research Council. JNR's Chief Geochemist, Ken Wasyliuk, MSc, PGeo, has over 20 years of industry experience including 16 years with Cameco Corporation, where he became an expert on geochemical and clay alteration patterns associated with uranium deposits in the Athabasca Basin.
|
| |
