Post by Zoinkers on Jun 24, 2006 12:43:11 GMT -5
Press Release Source: JNR Resources Inc.
JNR Announces 17,500 Metre Summer Drill Program at Moore Lake Uranium Project and Additional Results from Winter Program
Thursday June 15, 11:59 am ET
TSXV: JNN Email: info(at)jnrresources.com Website: www.jnrresources.com
SASKATOON, June 15 /CNW/ - JNR Resources Inc. (TSXV:JNN) and International Uranium Corporation (IUC); jointly the "Companies" are pleased to announce that a 17,500-metre summer diamond drilling program is underway at the Moore Lake uranium project, located in the Athabasca Basin of Northern Saskatchewan. Additional results from the recently completed winter program are also discussed below.
The Companies are very pleased with these results, which clearly indicate the highly prospective nature of the Moore Lake property. A multitude of targets are evident, a number of which require follow-up and many of which have yet to be drill tested. The current summer drill program will focus on the Main mineralized lens and the '527' zone, as well as follow-up the very encouraging results obtained this past winter on the Avalon and West Venice grids.
The 2006 winter program tested targets on several grids up to 10 kilometres from the Main mineralized lens of the Maverick Zone. In total, 38 diamond drill holes comprising 14,548 metres were completed. The results from nine holes that tested the '527' & '525' zones were reported in a release dated March 29, 2006. The more significant results from the remaining holes are summarized below.
On the Avalon grid, first pass drilling intersected uranium mineralization in one of five holes, and three others returned anomalous radioactivity. These intervals are associated with a broad zone of strongly altered and structurally disrupted graphitic pelites and granitic pegmatites that were intersected well below the unconformity, which occurs at a vertical depth of 310 metres.
On the Rarotonga grid, a radioactive anomalous zone enriched in pathfinder elements was intersected 100 metres below the unconformity in both holes that were completed. Depth to the unconformity is just under 200 metres. The basement geology in this area is also encouraging in that it consists of multiple intervals of moderately altered and structurally disrupted graphitic pelites.
The five holes completed on the West Venice grid all intersected multiple intervals of strongly altered graphitic pelites and graphitic fault zones enriched in uranium and pathfinder elements. The basal sandstone column in these holes was also structurally disrupted and very strongly altered, illitic and enriched in uranium. Depth to the unconformity at West Venice ranges from 235 to 280 metres.
Further details of the results from the various grids are presented below.
Avalon
------
The Avalon grid covers a minimum 4.0-kilometre long, north-northeast trending conductive target that is transected by an east-west structural corridor in its central portion. Five holes (ML-707 to 709, 842, 843) were drilled over a 2.3 kilometre strike length of this feature. Four of the holes intersected the hanging wall side of the target, while all five holes intersected broad, strongly graphitic and structurally disrupted and altered basement lithologies, well below the unconformity. The basement rocks are commonly enriched in uranium, nickel, vanadium and zinc, and in the case of ML-707, mineralized. ML-707 returned a 3.5 metre interval that assayed 0.1% U(3)O(8) (including 0.446% U(3)O(8) over 0.5 m) from a graphitic fault zone some 75 metres below the unconformity.
West Venice
-----------
The West Venice grid covers a series of east-northeast trending conductive targets that occur in a major east-west structural corridor and are up to 3.0 kilometres in length. Five holes (ML-837 to 839, 713, 714) were drilled, four of which tested the western end of the central conductor over a 400-metre strike length, while the fifth tested the southernmost conductor near its western extent. Although four of the holes intersected the hanging wall side of the target, all five intersected a very strongly altered, illitic and structurally disrupted basal sandstone column enriched in uranium. Two of the holes also intersected zones of intense specular hematite some 50 to 60 metres above the unconformity; further evidence of the extensive hydrothermal activity in the area along the unconformity and up into the sandstone.
The basement geology is also impressive. All five of the holes intersected multiple intervals of strongly altered graphitic pelites and graphitic fault zones, some of which occur 100 metres below the unconformity. These rocks are also commonly enriched in uranium (up to 75 ppm) and several of the pathfinder elements including copper, nickel, lead, boron, arsenic, cobalt, vanadium and molybdenum.
It is noteworthy that two previous holes that tested the northern conductor in this area intersected significant unconformity offsets and quartzite ridges; geological features conducive to the formation of structural geochemical traps and metal-rich deposits.
Nutana
------
The Nutana grid covers a series of three northeast trending conductors with a minimum strike length of 3.0 kilometres. These conductors represent the southwestern strike extension of the West Venice conductors. Four holes were drilled, two of which (ML-831 and 832) missed the targeted conductor. ML-834 tested the central part of the eastern conductor and returned anomalous uranium values accompanied by strong illite alteration from a sheared basal sandstone column. This hole along with ML-833 which tested the central conductor, intersected sheared and altered graphitic pelites below the unconformity that were enriched in uranium (up to 180 ppm) and pathfinder elements. Depth to the unconformity ranges from 265 to 280 metres.
Rarotonga
---------
The Rarotonga grid covers a series of curvilinear conductors. Two holes (ML-840 and 841) were drilled as a follow-up to a historic hole that reportedly intersected anomalous radioactivity in the basement rocks. Both holes intersected multiple intervals of moderately altered and structurally disrupted graphitic pelites. Although the historic radioactive zone reported to occur 30 to 40 metres below the unconformity was not intersected, both holes did intersect anomalous radioactivity, including weak uranium mineralization (0.045% U(3)O(8) over 1.0 metre) in ML-841 some 100 metres below the unconformity. The graphitic pelites in both holes were also enriched in pathfinder elements.
Venice
------
The Venice grid covers a series of three east-west trending conductive targets up to 4.0 kilometres in length. Three holes (ML-710 to 712) were drilled to follow-up encouraging results from earlier drilling. All three intersected the hanging wall side of the target, along with significant basement structures and multiple zones of graphitic pelites. The graphitic units are commonly enriched in uranium, boron, nickel, copper, vanadium, and molybdenum. The best result was from ML-710, where a 1.5-metre interval located 55 metres below the unconformity assayed 0.029% U(3)O(8). The graphitic unit in this hole was 75 metres thick. Depth to the unconformity was just under 270 metres.
'527' Zone
----------
Three additional holes were drilled on the '527' zone to better define the geology and mineralized trend. The results (summarized below) indicate that the '527' zone is structurally complex, with uranium mineralization concentrated along secondary structures at a low angle to the trend of the steeply dipping, Main Maverick structural corridor. Depth to the unconformity ranges from 270 to 285 metres.
ML-110 tested for basement mineralization on section with and almost 30 metres south of ML-101 (1.52% U(3)O(8) over 6.6 metres). ML-110 intersected a 45-metre wide, structurally disrupted and altered graphitic pelite, enriched in uranium (up to 0.164% U(3)O(8) over 0.5 metres) and copper, nickel, lead, zinc, cobalt, boron and vanadium. This hole also intersected the unconformity deeper than projected, suggestive of a significant vertical offset on this section.
ML-111 tested for basement mineralization 5 metres to the south of ML-106 (0.402% U(3)O(8) over 4.5 metres). ML-111 intersected a 10-metre wide structurally disrupted and altered graphitic pelite, and a broad zone of pervasively altered granite. The graphitic unit was enriched in uranium (up to 0.034% U(3)O(8) over 1.0 metre) and other pathfinder elements.
ML-112 tested for sandstone mineralization 5 metres to the north of ML-105 (0.24% eU(3)O(8) over 3.7 metres). ML-112 intersected a structurally disrupted and strongly altered sandstone column, enriched in uranium near its base, along with other pathfinder elements.
Seismic/Gravity
---------------
Seven holes were drilled on seismic and/or gravity targets.
ML-835 and 836 were collared 1,800 and 1,500 metres north of the Main Maverick lens, just east of the Nutana grid. Both holes intersected several faults in the basement. The results from ML-835 are also suggestive of an unconformity offset of 15 to 20 metres in the area. As well, ML-835 intersected graphitic pelites enriched in copper, boron and vanadium some 70 to 90 metres below the unconformity. This is particularly notable in that no conductor has been interpreted for this area.
ML-113 to 115 were collared 100 to 600 metres northwest of the Main lens. They intersected prominent and commonly clay altered fracture and breccia zones in the basement, but no significant geochemical enrichment.
ML-116 and 117 were collared 700 and 1,000 metres southwest of the Main lens. Both holes intersected major fracture zones within a dominantly Archean granitic basement, but no significant geochemical enrichment.
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. Samples were analysed at the Saskatchewan Research Council Laboratory in Saskatoon. All technical information for the Company's exploration projects is obtained and reported under a formal quality assurance and quality control program. JNR's president, Richard T. Kusmirski, PGeo, and exploration manager David L. Billard, PGeo, are the qualified persons responsible for the technical data presented in this release. Details of the Company's quality assurance and quality control program are presented on the Company's website at: www.jnrresources.com/i/pdf/JNR-QAQC.pdf.
ON BEHALF OF THE BOARD
Rick Kusmirski
President & CEO
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
For further information
contact JNR Resources at (306) 382-2211 or (877) 567-6463
--------------------------------------------------------------------------------
Source: JNR Resources Inc.
JNR Announces 17,500 Metre Summer Drill Program at Moore Lake Uranium Project and Additional Results from Winter Program
Thursday June 15, 11:59 am ET
TSXV: JNN Email: info(at)jnrresources.com Website: www.jnrresources.com
SASKATOON, June 15 /CNW/ - JNR Resources Inc. (TSXV:JNN) and International Uranium Corporation (IUC); jointly the "Companies" are pleased to announce that a 17,500-metre summer diamond drilling program is underway at the Moore Lake uranium project, located in the Athabasca Basin of Northern Saskatchewan. Additional results from the recently completed winter program are also discussed below.
The Companies are very pleased with these results, which clearly indicate the highly prospective nature of the Moore Lake property. A multitude of targets are evident, a number of which require follow-up and many of which have yet to be drill tested. The current summer drill program will focus on the Main mineralized lens and the '527' zone, as well as follow-up the very encouraging results obtained this past winter on the Avalon and West Venice grids.
The 2006 winter program tested targets on several grids up to 10 kilometres from the Main mineralized lens of the Maverick Zone. In total, 38 diamond drill holes comprising 14,548 metres were completed. The results from nine holes that tested the '527' & '525' zones were reported in a release dated March 29, 2006. The more significant results from the remaining holes are summarized below.
On the Avalon grid, first pass drilling intersected uranium mineralization in one of five holes, and three others returned anomalous radioactivity. These intervals are associated with a broad zone of strongly altered and structurally disrupted graphitic pelites and granitic pegmatites that were intersected well below the unconformity, which occurs at a vertical depth of 310 metres.
On the Rarotonga grid, a radioactive anomalous zone enriched in pathfinder elements was intersected 100 metres below the unconformity in both holes that were completed. Depth to the unconformity is just under 200 metres. The basement geology in this area is also encouraging in that it consists of multiple intervals of moderately altered and structurally disrupted graphitic pelites.
The five holes completed on the West Venice grid all intersected multiple intervals of strongly altered graphitic pelites and graphitic fault zones enriched in uranium and pathfinder elements. The basal sandstone column in these holes was also structurally disrupted and very strongly altered, illitic and enriched in uranium. Depth to the unconformity at West Venice ranges from 235 to 280 metres.
Further details of the results from the various grids are presented below.
Avalon
------
The Avalon grid covers a minimum 4.0-kilometre long, north-northeast trending conductive target that is transected by an east-west structural corridor in its central portion. Five holes (ML-707 to 709, 842, 843) were drilled over a 2.3 kilometre strike length of this feature. Four of the holes intersected the hanging wall side of the target, while all five holes intersected broad, strongly graphitic and structurally disrupted and altered basement lithologies, well below the unconformity. The basement rocks are commonly enriched in uranium, nickel, vanadium and zinc, and in the case of ML-707, mineralized. ML-707 returned a 3.5 metre interval that assayed 0.1% U(3)O(8) (including 0.446% U(3)O(8) over 0.5 m) from a graphitic fault zone some 75 metres below the unconformity.
West Venice
-----------
The West Venice grid covers a series of east-northeast trending conductive targets that occur in a major east-west structural corridor and are up to 3.0 kilometres in length. Five holes (ML-837 to 839, 713, 714) were drilled, four of which tested the western end of the central conductor over a 400-metre strike length, while the fifth tested the southernmost conductor near its western extent. Although four of the holes intersected the hanging wall side of the target, all five intersected a very strongly altered, illitic and structurally disrupted basal sandstone column enriched in uranium. Two of the holes also intersected zones of intense specular hematite some 50 to 60 metres above the unconformity; further evidence of the extensive hydrothermal activity in the area along the unconformity and up into the sandstone.
The basement geology is also impressive. All five of the holes intersected multiple intervals of strongly altered graphitic pelites and graphitic fault zones, some of which occur 100 metres below the unconformity. These rocks are also commonly enriched in uranium (up to 75 ppm) and several of the pathfinder elements including copper, nickel, lead, boron, arsenic, cobalt, vanadium and molybdenum.
It is noteworthy that two previous holes that tested the northern conductor in this area intersected significant unconformity offsets and quartzite ridges; geological features conducive to the formation of structural geochemical traps and metal-rich deposits.
Nutana
------
The Nutana grid covers a series of three northeast trending conductors with a minimum strike length of 3.0 kilometres. These conductors represent the southwestern strike extension of the West Venice conductors. Four holes were drilled, two of which (ML-831 and 832) missed the targeted conductor. ML-834 tested the central part of the eastern conductor and returned anomalous uranium values accompanied by strong illite alteration from a sheared basal sandstone column. This hole along with ML-833 which tested the central conductor, intersected sheared and altered graphitic pelites below the unconformity that were enriched in uranium (up to 180 ppm) and pathfinder elements. Depth to the unconformity ranges from 265 to 280 metres.
Rarotonga
---------
The Rarotonga grid covers a series of curvilinear conductors. Two holes (ML-840 and 841) were drilled as a follow-up to a historic hole that reportedly intersected anomalous radioactivity in the basement rocks. Both holes intersected multiple intervals of moderately altered and structurally disrupted graphitic pelites. Although the historic radioactive zone reported to occur 30 to 40 metres below the unconformity was not intersected, both holes did intersect anomalous radioactivity, including weak uranium mineralization (0.045% U(3)O(8) over 1.0 metre) in ML-841 some 100 metres below the unconformity. The graphitic pelites in both holes were also enriched in pathfinder elements.
Venice
------
The Venice grid covers a series of three east-west trending conductive targets up to 4.0 kilometres in length. Three holes (ML-710 to 712) were drilled to follow-up encouraging results from earlier drilling. All three intersected the hanging wall side of the target, along with significant basement structures and multiple zones of graphitic pelites. The graphitic units are commonly enriched in uranium, boron, nickel, copper, vanadium, and molybdenum. The best result was from ML-710, where a 1.5-metre interval located 55 metres below the unconformity assayed 0.029% U(3)O(8). The graphitic unit in this hole was 75 metres thick. Depth to the unconformity was just under 270 metres.
'527' Zone
----------
Three additional holes were drilled on the '527' zone to better define the geology and mineralized trend. The results (summarized below) indicate that the '527' zone is structurally complex, with uranium mineralization concentrated along secondary structures at a low angle to the trend of the steeply dipping, Main Maverick structural corridor. Depth to the unconformity ranges from 270 to 285 metres.
ML-110 tested for basement mineralization on section with and almost 30 metres south of ML-101 (1.52% U(3)O(8) over 6.6 metres). ML-110 intersected a 45-metre wide, structurally disrupted and altered graphitic pelite, enriched in uranium (up to 0.164% U(3)O(8) over 0.5 metres) and copper, nickel, lead, zinc, cobalt, boron and vanadium. This hole also intersected the unconformity deeper than projected, suggestive of a significant vertical offset on this section.
ML-111 tested for basement mineralization 5 metres to the south of ML-106 (0.402% U(3)O(8) over 4.5 metres). ML-111 intersected a 10-metre wide structurally disrupted and altered graphitic pelite, and a broad zone of pervasively altered granite. The graphitic unit was enriched in uranium (up to 0.034% U(3)O(8) over 1.0 metre) and other pathfinder elements.
ML-112 tested for sandstone mineralization 5 metres to the north of ML-105 (0.24% eU(3)O(8) over 3.7 metres). ML-112 intersected a structurally disrupted and strongly altered sandstone column, enriched in uranium near its base, along with other pathfinder elements.
Seismic/Gravity
---------------
Seven holes were drilled on seismic and/or gravity targets.
ML-835 and 836 were collared 1,800 and 1,500 metres north of the Main Maverick lens, just east of the Nutana grid. Both holes intersected several faults in the basement. The results from ML-835 are also suggestive of an unconformity offset of 15 to 20 metres in the area. As well, ML-835 intersected graphitic pelites enriched in copper, boron and vanadium some 70 to 90 metres below the unconformity. This is particularly notable in that no conductor has been interpreted for this area.
ML-113 to 115 were collared 100 to 600 metres northwest of the Main lens. They intersected prominent and commonly clay altered fracture and breccia zones in the basement, but no significant geochemical enrichment.
ML-116 and 117 were collared 700 and 1,000 metres southwest of the Main lens. Both holes intersected major fracture zones within a dominantly Archean granitic basement, but no significant geochemical enrichment.
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. Samples were analysed at the Saskatchewan Research Council Laboratory in Saskatoon. All technical information for the Company's exploration projects is obtained and reported under a formal quality assurance and quality control program. JNR's president, Richard T. Kusmirski, PGeo, and exploration manager David L. Billard, PGeo, are the qualified persons responsible for the technical data presented in this release. Details of the Company's quality assurance and quality control program are presented on the Company's website at: www.jnrresources.com/i/pdf/JNR-QAQC.pdf.
ON BEHALF OF THE BOARD
Rick Kusmirski
President & CEO
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
For further information
contact JNR Resources at (306) 382-2211 or (877) 567-6463
--------------------------------------------------------------------------------
Source: JNR Resources Inc.