Owner
Post by Franko10 ™ on Sept 11, 2004 12:19:13 GMT -5
JNR Reources Announces Mining Exploration Update
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VANCOUVER, BRITISH COLUMBIA--Mr. Dale W. Hoffman, President of JNR Resources Inc. (the "Company"), is pleased to report that exploration in the Athabasca Basin for unconformity style uranium mineralization has yielded a drill target on the Mitchell Lake grid on the West Bear property.
Mitchell Lake
The West Bear uranium deposit (124,000 tonnes at 0.37 percent U) is located on a small Cameco claim at the eastern edge of the Athabasca Basin and is surrounded by the Company's West Bear property. A GEOTEM survey flown by the Company in early 1999 mapped an 8 km-long conductive corridor which strikes west from the Cameco property boundary across contiguous JNR claims. The conductor, which is interpreted to reflect hydrothermal alteration in the sandstone and regolith above the unconformity, has not been previously drill-tested. The depth to the unconformity in this area is less than 100m. A recently completed Max-Min survey has refined the GEOTEM conductor in preparation for drilling and a drill program comprising six to ten holes on two fences will commence in early September once permits are in place. All drill holes will be logged with a Mt. Sopris down-hole gamma logging system and all core will be split and sent for trace element determination and major oxide lithogeochemistry.
Approximately 50 sandstone boulder samples will also be collected north of the West Bear deposit on the Company's claims to refine a uranium-boron-illite boulder anomaly identified from JNR's 1998 regional boulder survey. A weak GEOTEM conductor which coincides with this anomaly will be refined using Max-Min surveying during the West Bear drill program.
Data compilation and target generation continues on the Company's other Athabasca Basin properties.
Further information will be released once it becomes available. The Athabasca basin in northern Saskatchewan is recognized as the most prospective uranium mining district in the world. JNR believes that its uranium prospect properties in this basin potentially host world class deposits. JNR's strategic partner, Kennecott Canada Exploration Inc. is a wholly-owned subsidiary of Rio Tinto PLC, the largest mining company in the world and a major producer of uranium.
FOR FURTHER INFORMATION PLEASE CONTACT:
JNR Resources Inc.
Dale W. Hoffman
President
(604) 684-5118 or Toll Free: 1-800-661-4050
(604) 682-8566 (FAX)
Email: info@jnrresources.com
Web Site: www.jnrresources.com
The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of the content of this News Release.
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VANCOUVER, BRITISH COLUMBIA--Mr. Dale W. Hoffman, President of JNR Resources Inc. (the "Company"), is pleased to report that exploration in the Athabasca Basin for unconformity style uranium mineralization has yielded a drill target on the Mitchell Lake grid on the West Bear property.
Mitchell Lake
The West Bear uranium deposit (124,000 tonnes at 0.37 percent U) is located on a small Cameco claim at the eastern edge of the Athabasca Basin and is surrounded by the Company's West Bear property. A GEOTEM survey flown by the Company in early 1999 mapped an 8 km-long conductive corridor which strikes west from the Cameco property boundary across contiguous JNR claims. The conductor, which is interpreted to reflect hydrothermal alteration in the sandstone and regolith above the unconformity, has not been previously drill-tested. The depth to the unconformity in this area is less than 100m. A recently completed Max-Min survey has refined the GEOTEM conductor in preparation for drilling and a drill program comprising six to ten holes on two fences will commence in early September once permits are in place. All drill holes will be logged with a Mt. Sopris down-hole gamma logging system and all core will be split and sent for trace element determination and major oxide lithogeochemistry.
Approximately 50 sandstone boulder samples will also be collected north of the West Bear deposit on the Company's claims to refine a uranium-boron-illite boulder anomaly identified from JNR's 1998 regional boulder survey. A weak GEOTEM conductor which coincides with this anomaly will be refined using Max-Min surveying during the West Bear drill program.
Data compilation and target generation continues on the Company's other Athabasca Basin properties.
Further information will be released once it becomes available. The Athabasca basin in northern Saskatchewan is recognized as the most prospective uranium mining district in the world. JNR believes that its uranium prospect properties in this basin potentially host world class deposits. JNR's strategic partner, Kennecott Canada Exploration Inc. is a wholly-owned subsidiary of Rio Tinto PLC, the largest mining company in the world and a major producer of uranium.
FOR FURTHER INFORMATION PLEASE CONTACT:
JNR Resources Inc.
Dale W. Hoffman
President
(604) 684-5118 or Toll Free: 1-800-661-4050
(604) 682-8566 (FAX)
Email: info@jnrresources.com
Web Site: www.jnrresources.com
The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of the content of this News Release.
