Owner
Post by Franko10 ™ on Sept 11, 2004 12:47:25 GMT -5
Significant Gold Mineralization At Greywacke
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MR. Rick Kusmirski, President, is pleased to announce that JNR Resources Inc. has been notified by Masuparia Gold Corporation as to the results for diamond drill holes GW-01- 42, GW-01-43 and GW-01-44, drilled on its Greywacke gold property in northern Saskatchewan. Significant gold mineralization was intersected in all of the holes. The intersections including that from GW-01-41 are summarized below. All of the gold analysis is by metallic assay.
Hole No. From (m) To (m) Length (m) True Width Au g/T = oz/T
m = ft
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GW-01-41 120.00 124.50 4.50 4.14 = 13.56 26.20 = 0.764
GW-01-42 113.70 118.25 4.55 4.47 = 14.66 16.04 = 0.468
Incl. 114.25 117.75 3.50 3.44 = 11.28 20.41 = 0.595
GW-01-43 87.10 98.00 10.90 7.58 = 24.87 3.00 = 0.087
Incl. 87.10 91.10 4.00 2.78 = 9.12 5.28 = 0.154
GW-01-44 31.00 38.30 8.30 7.89 = 25.88 3.94 = 0.115
Incl. 33.80 38.30 4.50 4.28 = 14.04 6.14 = 0.179
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Approximate intersection points for the gold mineralization (on the longitudinal section, available for viewing and printing at http://www.mpg-v.com) are as follows:
Hole No. North Elevation
01-41 10245 3312
01.42 10243 3327
01-43 10219 3316
01-44 10240 3375
The Greywacke project is under option from JNR Resources Inc. (50 per cent) and Shane Resources Ltd. (50 per cent). Masuparia can earn up to a 70 per cent interest in the Greywacke property by issuing a total of 500,000 shares by May 25, 2005, and by spending $2.85 million on exploration by May 25, 2008.
The drill holes reported above are part of an ongoing 1,000-meter diamond drilling program. This program will be followed by a further 2,500 meters of drilling whose purpose is to expand the Greywacke zone and to follow up on high grade gold targets elsewhere on the property. Assay results from the current drill program, on average, are significantly higher than previous assays detected in drilling on the Greywacke zone. The company's management is particularly encouraged with assays from the first two drill holes, 0.764 oz Au/ton over a true width of 13.56 feet and 0.595 oz Au/ton over a true width of 11.28 feet. These adjacent holes prove the existence of higher grade sections within the Greywacke North zone which will obviously have a positive impact on future development of the project.
ON BEHALF OF THE BOARD:
"Rick Kusmirski", President & Director
For further information, please call:
(306) 249-3562
The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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MR. Rick Kusmirski, President, is pleased to announce that JNR Resources Inc. has been notified by Masuparia Gold Corporation as to the results for diamond drill holes GW-01- 42, GW-01-43 and GW-01-44, drilled on its Greywacke gold property in northern Saskatchewan. Significant gold mineralization was intersected in all of the holes. The intersections including that from GW-01-41 are summarized below. All of the gold analysis is by metallic assay.
Hole No. From (m) To (m) Length (m) True Width Au g/T = oz/T
m = ft
---------------------------------------------------------------------
GW-01-41 120.00 124.50 4.50 4.14 = 13.56 26.20 = 0.764
GW-01-42 113.70 118.25 4.55 4.47 = 14.66 16.04 = 0.468
Incl. 114.25 117.75 3.50 3.44 = 11.28 20.41 = 0.595
GW-01-43 87.10 98.00 10.90 7.58 = 24.87 3.00 = 0.087
Incl. 87.10 91.10 4.00 2.78 = 9.12 5.28 = 0.154
GW-01-44 31.00 38.30 8.30 7.89 = 25.88 3.94 = 0.115
Incl. 33.80 38.30 4.50 4.28 = 14.04 6.14 = 0.179
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Approximate intersection points for the gold mineralization (on the longitudinal section, available for viewing and printing at http://www.mpg-v.com) are as follows:
Hole No. North Elevation
01-41 10245 3312
01.42 10243 3327
01-43 10219 3316
01-44 10240 3375
The Greywacke project is under option from JNR Resources Inc. (50 per cent) and Shane Resources Ltd. (50 per cent). Masuparia can earn up to a 70 per cent interest in the Greywacke property by issuing a total of 500,000 shares by May 25, 2005, and by spending $2.85 million on exploration by May 25, 2008.
The drill holes reported above are part of an ongoing 1,000-meter diamond drilling program. This program will be followed by a further 2,500 meters of drilling whose purpose is to expand the Greywacke zone and to follow up on high grade gold targets elsewhere on the property. Assay results from the current drill program, on average, are significantly higher than previous assays detected in drilling on the Greywacke zone. The company's management is particularly encouraged with assays from the first two drill holes, 0.764 oz Au/ton over a true width of 13.56 feet and 0.595 oz Au/ton over a true width of 11.28 feet. These adjacent holes prove the existence of higher grade sections within the Greywacke North zone which will obviously have a positive impact on future development of the project.
ON BEHALF OF THE BOARD:
"Rick Kusmirski", President & Director
For further information, please call:
(306) 249-3562
The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
