Owner
Post by Franko10 ™ on Sept 11, 2004 12:54:25 GMT -5
JNR RESOURCES INC. - MOORE LAKE PROJECT UPDATE
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No. 02-11
Rick Kusmirski, President of JNR Resources Inc., is pleased to announce the initiation of the summer diamond drilling program on the JNR Resources/ Kennecott Canada Exploration Inc., Moore Lake uranium project.
Mobilization is underway and all exploration permits have been obtained. Drilling is expected to commence within the next few days. The program will follow-up the uranium mineralization that has been intersected in the general area of the 'Maverick zone'. It will consist of step-outs on diamond drill holes ML-23 & -24 and ML-03, as well as test targets identified by the recently completed geophysical program.
Holes ML-23 & -24 were drilled this past winter and intersected broad zones of significant radioactivity including mineralization in basement rocks, while drill hole ML-03, which was drilled two years ago, intersected 0.442% U3O8 (grade equivalent) over 9.2 metres at the unconformity. All three holes also exhibit a wide variety of geological and geochemical characteristics that are common to uranium deposits in the Athabasca Basin.
This program is being operated and financed by Kennecott. Its extent will in part be dependent upon the results of the initial follow-up holes. Results will be reported as they become available.
ON BEHALF OF THE BOARD
"R. T. Kusmirski"
Richard T. (Rick) Kusmirski, President & Director
For further information, please call: (306) 249-3562
The TSE Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this news release.
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No. 02-11
Rick Kusmirski, President of JNR Resources Inc., is pleased to announce the initiation of the summer diamond drilling program on the JNR Resources/ Kennecott Canada Exploration Inc., Moore Lake uranium project.
Mobilization is underway and all exploration permits have been obtained. Drilling is expected to commence within the next few days. The program will follow-up the uranium mineralization that has been intersected in the general area of the 'Maverick zone'. It will consist of step-outs on diamond drill holes ML-23 & -24 and ML-03, as well as test targets identified by the recently completed geophysical program.
Holes ML-23 & -24 were drilled this past winter and intersected broad zones of significant radioactivity including mineralization in basement rocks, while drill hole ML-03, which was drilled two years ago, intersected 0.442% U3O8 (grade equivalent) over 9.2 metres at the unconformity. All three holes also exhibit a wide variety of geological and geochemical characteristics that are common to uranium deposits in the Athabasca Basin.
This program is being operated and financed by Kennecott. Its extent will in part be dependent upon the results of the initial follow-up holes. Results will be reported as they become available.
ON BEHALF OF THE BOARD
"R. T. Kusmirski"
Richard T. (Rick) Kusmirski, President & Director
For further information, please call: (306) 249-3562
The TSE Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this news release.
