Post by Franko10 ™ on Sept 11, 2004 12:24:54 GMT -5
Drilling Update
--------------------------------------------------------------------------------
Mr. Dale Hoffman, President of JNR Resources Inc. (the "Company"), reports that the diamond drilling program on the JNR Resources / Kennecott Canada Exploration joint venture Moore Lake project has been temporarily suspended to allow for the completion of additional geophysical surveys and to await the completion of geochemical analysis of the drill core from holes 1 to 5 on the Moore Lake Project, which has been sent to the Saskatchewan Research Council laboratories, in Saskatoon. Two holes were drilled as an immediate follow up to the unconformity type mineralization intersected in ML00-03. Although neither intersected economic uranium mineralization, both did intersect encouraging geology and will themselves require follow up. Drill hole ML00-04, a 200 metre step out to the east, intersected a strongly altered lower sandstone column (interpreted as a hanging wall) and graphitic pelites well into the basement. Drill hole ML00-05, a 200 metre step out to the west is thought to have intersected the footwall of the mineralized zone. The entire sandstone column of this hole was moderately to strongly altered and a number of fault zones were intersected. Drilling will resume upon the completion of a complete evaluation of the combination of geophysical modeling and geochemical results. Further results will also be released once they have been received.
JNR RESOURCES INC.
Per:
Dale W. Hoffman, President
The Canadian Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this news release
--------------------------------------------------------------------------------
Mr. Dale Hoffman, President of JNR Resources Inc. (the "Company"), reports that the diamond drilling program on the JNR Resources / Kennecott Canada Exploration joint venture Moore Lake project has been temporarily suspended to allow for the completion of additional geophysical surveys and to await the completion of geochemical analysis of the drill core from holes 1 to 5 on the Moore Lake Project, which has been sent to the Saskatchewan Research Council laboratories, in Saskatoon. Two holes were drilled as an immediate follow up to the unconformity type mineralization intersected in ML00-03. Although neither intersected economic uranium mineralization, both did intersect encouraging geology and will themselves require follow up. Drill hole ML00-04, a 200 metre step out to the east, intersected a strongly altered lower sandstone column (interpreted as a hanging wall) and graphitic pelites well into the basement. Drill hole ML00-05, a 200 metre step out to the west is thought to have intersected the footwall of the mineralized zone. The entire sandstone column of this hole was moderately to strongly altered and a number of fault zones were intersected. Drilling will resume upon the completion of a complete evaluation of the combination of geophysical modeling and geochemical results. Further results will also be released once they have been received.
JNR RESOURCES INC.
Per:
Dale W. Hoffman, President
The Canadian Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this news release