Post by Franko10 ™ on Sept 11, 2004 12:48:27 GMT -5
Greywacke Gold Results - Phase 1
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No. 01-13
Mr. Rick Kusmirski, President, is pleased to announce that JNR Resources Inc. has been notified by Masuparia Gold Corporation, as to the results from the final three holes of the initial 1,000 metre diamond drilling program on its Greywacke gold property, in Northern Saskatchewan. All three holes returned economic intercepts. GW-01-50 intersected 8.5 g/T Au / 9.1 metres; GW-01-51 intersected 14.8 g/T Au / 6.8 metres; and GW-01-52 intersected 6.2 g/T Au / 14.7 metres.
The Greywacke gold property 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 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.
JNR's management is pleased with the results of the just completed drilling program, which verified the presence of high grade gold mineralization as well as the continuity between gold intercepts from previous drilling. The program also provided information which can be used to upgrade the status of the zone into the reserve category. The intersections from the twelve holes completed during the Phase 1 drilling program are summarized below. All of the gold analysis is by metallic assay.
Hole No. From (m) To (m) Downhole Au - g/T Au - oz/ton
Length (m) True width (m) True width (feet)
----------------------------------------------------------------------
GW-01-41 120.00 124.50 4.50 26.20 / 4.14 0.764 / 13.56
----------------------------------------------------------------------
GW-01-42 113.70 118.25 4.55 16.04 / 4.47 0.468 / 14.66
----------------------------------------------------------------------
Incl. 114.25 117.75 3.50 20.41 / 3.44 0.595 / 11.28
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GW-01-43 87.10 98.00 10.90 3.00 / 7.58 0.087 / 24.87
----------------------------------------------------------------------
Incl. 87.10 91.10 4.00 5.28 / 2.78 0.154 / 9.12
----------------------------------------------------------------------
GW-01-44 31.00 38.30 8.30 3.94 / 7.89 0.115 / 25.88
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Incl. 33.80 38.30 4.50 6.14 / 4.28 0.179 / 14.04
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GW-01-45 50.60 56.30 5.70 11.27 / 4.55 0.329 / 14.92
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Incl. 51.00 55.20 4.20 14.36 / 3.36 0.419 / 11.02
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GW-01-46 34.45 39.40 4.95 0.96 / 4.65 0.028 / 15.25
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GW-01-47 78.00 84.00 6.00 10.90 / 4.01 0.318 / 13.15
----------------------------------------------------------------------
Incl. 79.00 82.00 3.00 15.88 / 2.00 0.463 / 6.56
----------------------------------------------------------------------
GW-01-48 40.20 49.68 9.48 5.75 / 7.76 0.168 / 25.45
----------------------------------------------------------------------
Incl. 46.00 48.00 2.00 14.46 / 1.64 0.422 / 5.38
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GW-01-49 77.00 83.50 6.50 10.26 / 4.75 0.299 / 15.58
----------------------------------------------------------------------
Incl. 77.50 82.50 5.00 12.00 / 3.66 0.350 / 12.00
----------------------------------------------------------------------
GW-01-50 64.50 74.75 10.25 8.45 / 9.05 0.246 / 29.68
----------------------------------------------------------------------
Incl. 66.12 73.75 7.63 9.79 / 6.74 0.285 / 22.11
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GW-01-51 40.00 46.85 6.85 14.76 / 6.77 0.431 / 22.21
----------------------------------------------------------------------
Incl. 42.00 46.00 4.00 22.33 / 3.94 0.651 / 12.92
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GW-01-52 72.75 89.50 16.75 6.15 / 14.66 0.179 / 48.08
----------------------------------------------------------------------
Incl. 81.50 87.50 6.00 10.66 / 5.25 0.311 / 17.22
----------------------------------------------------------------------
The Phase 2 drilling program will consist of 2500 metres. Its objective will be to expand the number of ounces of gold in the Greywacke zone and to follow up high grade gold targets elsewhere on the property, such as the Lyons Zone (26.41 g/T Au / 1.9 metres).
ON BEHALF OF THE BOARD
"R. T. Kusmirski"
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 accuracy or adequacy of this news release.
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No. 01-13
Mr. Rick Kusmirski, President, is pleased to announce that JNR Resources Inc. has been notified by Masuparia Gold Corporation, as to the results from the final three holes of the initial 1,000 metre diamond drilling program on its Greywacke gold property, in Northern Saskatchewan. All three holes returned economic intercepts. GW-01-50 intersected 8.5 g/T Au / 9.1 metres; GW-01-51 intersected 14.8 g/T Au / 6.8 metres; and GW-01-52 intersected 6.2 g/T Au / 14.7 metres.
The Greywacke gold property 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 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.
JNR's management is pleased with the results of the just completed drilling program, which verified the presence of high grade gold mineralization as well as the continuity between gold intercepts from previous drilling. The program also provided information which can be used to upgrade the status of the zone into the reserve category. The intersections from the twelve holes completed during the Phase 1 drilling program are summarized below. All of the gold analysis is by metallic assay.
Hole No. From (m) To (m) Downhole Au - g/T Au - oz/ton
Length (m) True width (m) True width (feet)
----------------------------------------------------------------------
GW-01-41 120.00 124.50 4.50 26.20 / 4.14 0.764 / 13.56
----------------------------------------------------------------------
GW-01-42 113.70 118.25 4.55 16.04 / 4.47 0.468 / 14.66
----------------------------------------------------------------------
Incl. 114.25 117.75 3.50 20.41 / 3.44 0.595 / 11.28
----------------------------------------------------------------------
GW-01-43 87.10 98.00 10.90 3.00 / 7.58 0.087 / 24.87
----------------------------------------------------------------------
Incl. 87.10 91.10 4.00 5.28 / 2.78 0.154 / 9.12
----------------------------------------------------------------------
GW-01-44 31.00 38.30 8.30 3.94 / 7.89 0.115 / 25.88
----------------------------------------------------------------------
Incl. 33.80 38.30 4.50 6.14 / 4.28 0.179 / 14.04
----------------------------------------------------------------------
GW-01-45 50.60 56.30 5.70 11.27 / 4.55 0.329 / 14.92
----------------------------------------------------------------------
Incl. 51.00 55.20 4.20 14.36 / 3.36 0.419 / 11.02
----------------------------------------------------------------------
GW-01-46 34.45 39.40 4.95 0.96 / 4.65 0.028 / 15.25
----------------------------------------------------------------------
GW-01-47 78.00 84.00 6.00 10.90 / 4.01 0.318 / 13.15
----------------------------------------------------------------------
Incl. 79.00 82.00 3.00 15.88 / 2.00 0.463 / 6.56
----------------------------------------------------------------------
GW-01-48 40.20 49.68 9.48 5.75 / 7.76 0.168 / 25.45
----------------------------------------------------------------------
Incl. 46.00 48.00 2.00 14.46 / 1.64 0.422 / 5.38
----------------------------------------------------------------------
GW-01-49 77.00 83.50 6.50 10.26 / 4.75 0.299 / 15.58
----------------------------------------------------------------------
Incl. 77.50 82.50 5.00 12.00 / 3.66 0.350 / 12.00
----------------------------------------------------------------------
GW-01-50 64.50 74.75 10.25 8.45 / 9.05 0.246 / 29.68
----------------------------------------------------------------------
Incl. 66.12 73.75 7.63 9.79 / 6.74 0.285 / 22.11
----------------------------------------------------------------------
GW-01-51 40.00 46.85 6.85 14.76 / 6.77 0.431 / 22.21
----------------------------------------------------------------------
Incl. 42.00 46.00 4.00 22.33 / 3.94 0.651 / 12.92
----------------------------------------------------------------------
GW-01-52 72.75 89.50 16.75 6.15 / 14.66 0.179 / 48.08
----------------------------------------------------------------------
Incl. 81.50 87.50 6.00 10.66 / 5.25 0.311 / 17.22
----------------------------------------------------------------------
The Phase 2 drilling program will consist of 2500 metres. Its objective will be to expand the number of ounces of gold in the Greywacke zone and to follow up high grade gold targets elsewhere on the property, such as the Lyons Zone (26.41 g/T Au / 1.9 metres).
ON BEHALF OF THE BOARD
"R. T. Kusmirski"
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 accuracy or adequacy of this news release.