Owner
Post by Franko10 ™ on Sept 11, 2004 12:38:56 GMT -5
Drilling Update
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Mr. Rick Kusmirski, President of JNR Resources Inc. ("JNR"), is pleased to provide an update on the diamond drilling programs on the JNR/Kennecott Canada Joint Venture's Moore Lake and Lazy Edward Bay projects.
On the Moore Lake Project, four holes (ML-15 to ML-18) have been completed to date, all of which tested a variety of regional targets on the property. Three more holes are planned to be drilled this winter. The most encouraging results are from the Puka Puka and MLE conductors, which are located some 8 to 10 km northeast of the Maverick zone.
ML-15 tested the Puka Puka conductor and intersected a strongly to moderately bleached sandstone column with abundant structural disruption throughout. This hole was lost below the unconformity in strongly graphitic pelites.
In the MLE area, anomalous radioactivity and weak uranium mineralization was intersected in ML-18. The mineralization is associated with structurally disrupted pegmatite and granite, proximal to graphitic sediments some 50 to 60 metres below the unconformity. This style of mineralization is analogous to that observed in ML-08 (Maverick Zone) and may be indicative of unconformity-type uranium mineralization up dip and / or along strike. Six holes have been completed at Lazy Edward Bay. They tested targets identified by the ground geophysical surveys that were completed earlier this winter. All but one of the holes intersected graphitic sediments, albeit well below the unconformity. Two of the holes (LEB-01 and LEB--06) intersected strongly to moderately bleached and structurally disrupted sandstone. They were drilled on the Horse conductor along strike of where previous operators had identified elevated radioactivity and prospective geochemistry. The final two holes of this winter's program will follow up to the encouraging results on the Horse conductor.
Samples are being sent to the Saskatchewan Research Council in Saskatoon for geochemical analysis. Results will be released as they become available.
On Behalf of the Board of Directors of
JNR RESOURCES INC.
Per:
Rick Kusmirski, 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. Rick Kusmirski, President of JNR Resources Inc. ("JNR"), is pleased to provide an update on the diamond drilling programs on the JNR/Kennecott Canada Joint Venture's Moore Lake and Lazy Edward Bay projects.
On the Moore Lake Project, four holes (ML-15 to ML-18) have been completed to date, all of which tested a variety of regional targets on the property. Three more holes are planned to be drilled this winter. The most encouraging results are from the Puka Puka and MLE conductors, which are located some 8 to 10 km northeast of the Maverick zone.
ML-15 tested the Puka Puka conductor and intersected a strongly to moderately bleached sandstone column with abundant structural disruption throughout. This hole was lost below the unconformity in strongly graphitic pelites.
In the MLE area, anomalous radioactivity and weak uranium mineralization was intersected in ML-18. The mineralization is associated with structurally disrupted pegmatite and granite, proximal to graphitic sediments some 50 to 60 metres below the unconformity. This style of mineralization is analogous to that observed in ML-08 (Maverick Zone) and may be indicative of unconformity-type uranium mineralization up dip and / or along strike. Six holes have been completed at Lazy Edward Bay. They tested targets identified by the ground geophysical surveys that were completed earlier this winter. All but one of the holes intersected graphitic sediments, albeit well below the unconformity. Two of the holes (LEB-01 and LEB--06) intersected strongly to moderately bleached and structurally disrupted sandstone. They were drilled on the Horse conductor along strike of where previous operators had identified elevated radioactivity and prospective geochemistry. The final two holes of this winter's program will follow up to the encouraging results on the Horse conductor.
Samples are being sent to the Saskatchewan Research Council in Saskatoon for geochemical analysis. Results will be released as they become available.
On Behalf of the Board of Directors of
JNR RESOURCES INC.
Per:
Rick Kusmirski, President
The Canadian Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this news release.
