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| | Wed Sep 9, 2009
JNR Announces Drilling Underway at Rocky Brook Uranium Project
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| | Saskatoon, SK, September 9, 2009 - JNR Resources Inc. (TSXV:JNN) (the 'Company') is pleased to announce that a diamond drilling program is underway on its Rocky Brook uranium joint venture located in western Newfoundland. The company holds an undivided 70% participating interest in the project with Altius Minerals Corporation holding the remaining 30%.
Exploration at Rocky Brook is focused on discovery of the bedrock sources for two discrete high-grade boulder clusters in glacial till, with reported historical assays ranging from 1% to more than 10% U3O8, as well as very high-grade silver contents. Drilling to date has identified two areas of low level anomalous radioactivity at or near the overburden-bedrock interface proximal to the high-grade boulder clusters. Several geochemically-enriched fault structures and/or redox alteration fronts thought to possibly control the high-grade uranium-silver mineralization have also been defined.
The 2009 fall drilling program will consist of twenty-five to thirty holes comprising up to 2,000 metres. It will follow-up the encouraging results from earlier campaigns and test the anomalous areas identified by a water geochemical survey completed during the summer of 2008. Of particular interest, with respect to the latter, are a number of geochemically anomalous linear trends which suggest an underlying structural control.
The drilling program will also test targets identified by a recently completed IP survey. In total, fourteen lines were surveyed for a distance of 23.5 kilometres. The results indicate the presence of several significant and highly prospective structural features coincident with the geochemical trends, which were not tested at the optimum localities by previous drilling.
This program is expected to continue into December. Results will be released when they become available.
JNR is led by a highly experienced management team with proven discovery success in uranium exploration. Its association with Altius on the island of Newfoundland is an invaluable local resource for the Company. In addition to its projects in Newfoundland, the Company has an interest in 14 projects totalling some 345,000 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 Rocky Brook project 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-RB.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 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. |
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