Owner
Post by Franko10 ™ on Sept 11, 2004 12:25:54 GMT -5
Drilling To Resume At Moore Lake
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Mr. Dale W. Hoffman, President of JNR Resources Inc., is pleased to announce that a 3000 m, 8 to 10 hole diamond drilling program has been approved for the JNR Resources Inc./Kennecott Canada Exploration Inc. Joint Venture's Moore Lake project. The program will begin almost immediately and will follow up the unconformity-type, uranium mineralization that was intersected last month in drill hole ML00-03.
The downhole radiometrics for ML00-03 have been processed and indicate a grade equivalent of 0.442% U3O8 over 9.20 m from the interval 262.15 m to 271.15 m. This includes a grade equivalent of 1.162% U3O8 over 2.0 m from the interval 266.95 m to 268.95 m. The unconformity occurs at 269.0 m.
The results of the geochemical analysis carried out at the Saskatchewan Research Council (SRC), correlate well with the grade equivalents, where drill core was recovered. Core loss over the 9.20 m interval was 20%, due to ground conditions. The mineralized zone is also characterized by anomalous Ni and Co values. Individual 0.5 m samples returned up to 1.3% Ni and 1.9% Co.
Of the two follow up holes, the geochemical results from the sandstone column of ML00-05, collared 200 m to the west of hole #3, are especially encouraging and indicate that the mineralizing system clearly extends in this direction. Hole #5 intersected a commonly sheared sandstone column, overlying strongly altered basement rocks.
Summer field programs have also been approved for the Joint Venture's Lazy Edward Bay project and for claims recently acquired in the Moore Lake area.
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
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Mr. Dale W. Hoffman, President of JNR Resources Inc., is pleased to announce that a 3000 m, 8 to 10 hole diamond drilling program has been approved for the JNR Resources Inc./Kennecott Canada Exploration Inc. Joint Venture's Moore Lake project. The program will begin almost immediately and will follow up the unconformity-type, uranium mineralization that was intersected last month in drill hole ML00-03.
The downhole radiometrics for ML00-03 have been processed and indicate a grade equivalent of 0.442% U3O8 over 9.20 m from the interval 262.15 m to 271.15 m. This includes a grade equivalent of 1.162% U3O8 over 2.0 m from the interval 266.95 m to 268.95 m. The unconformity occurs at 269.0 m.
The results of the geochemical analysis carried out at the Saskatchewan Research Council (SRC), correlate well with the grade equivalents, where drill core was recovered. Core loss over the 9.20 m interval was 20%, due to ground conditions. The mineralized zone is also characterized by anomalous Ni and Co values. Individual 0.5 m samples returned up to 1.3% Ni and 1.9% Co.
Of the two follow up holes, the geochemical results from the sandstone column of ML00-05, collared 200 m to the west of hole #3, are especially encouraging and indicate that the mineralizing system clearly extends in this direction. Hole #5 intersected a commonly sheared sandstone column, overlying strongly altered basement rocks.
Summer field programs have also been approved for the Joint Venture's Lazy Edward Bay project and for claims recently acquired in the Moore Lake area.
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
