Owner
Post by Franko10 ™ on Sept 11, 2004 13:08:58 GMT -5
More High-Grade Uranium at Moore Lake
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August 19, 2004 - JNR Resources Inc. (TSX.V : JNN) and International Uranium Corporation ("IUC") jointly the "Companies" are pleased to provide a further update on the summer diamond drilling program on their Moore Lake uranium project, located in the Athabasca Basin of northern Saskatchewan.
The Companies have just received the geochemical assays from two additional holes drilled this summer on the Maverick Zone (ML-54 & -55) and are pleased to report two new high-grade uranium intersections. In fact, ML-55 which intersected 5.14 % U3O8 over 6.2 metres, including a 4.4 metre interval of 7.02 % U3O8; represents the best hole drilled to date on the property. ML-54 intersected 3.5 % U3O8 over 5.0 metres; including a 2.5 metre interval of 6.52 % U3O8. Of note, is that the 5.0 metre interval in ML-54 also returned 2.4 g/t gold.
Drill Hole Interval (m) Length (m) U3O8 %
ML-54 264.50-269.50 5.0 3.50
including 266.00-268.50 2.5 6.52
ML-55 263.00-269.20 6.2 5.14
including 263.50-267.90 4.4 7.02
ML-54 and -55 were progressive 17-metre step-outs to the west of ML-35. The mineralization in both holes is associated with pitchblende, a uranium-bearing mineral that is common to high-grade deposits. The pitchblende in these two holes occurs throughout the sandstone matrix and as irregular veinlets throughout the host rock. The mineralization in ML-54 occurs at the unconformity, while in ML-55 it occurs in the sandstone, immediately above the unconformity.
The Companies are very pleased with these results. The summer diamond drilling program will continue into the fall and the start-up of a second drill on the property is still on schedule.
Drill core was prepared and analysed by the Saskatchewan Research Council in accordance with industry standards. Drill results and technical data have been reviewed by Richard Kusmirski, P.Geo., a Qualified Person pursuant to NI 43-101.
ON BEHALF OF THE BOARD
Rick Kusmirski,
President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
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August 19, 2004 - JNR Resources Inc. (TSX.V : JNN) and International Uranium Corporation ("IUC") jointly the "Companies" are pleased to provide a further update on the summer diamond drilling program on their Moore Lake uranium project, located in the Athabasca Basin of northern Saskatchewan.
The Companies have just received the geochemical assays from two additional holes drilled this summer on the Maverick Zone (ML-54 & -55) and are pleased to report two new high-grade uranium intersections. In fact, ML-55 which intersected 5.14 % U3O8 over 6.2 metres, including a 4.4 metre interval of 7.02 % U3O8; represents the best hole drilled to date on the property. ML-54 intersected 3.5 % U3O8 over 5.0 metres; including a 2.5 metre interval of 6.52 % U3O8. Of note, is that the 5.0 metre interval in ML-54 also returned 2.4 g/t gold.
Drill Hole Interval (m) Length (m) U3O8 %
ML-54 264.50-269.50 5.0 3.50
including 266.00-268.50 2.5 6.52
ML-55 263.00-269.20 6.2 5.14
including 263.50-267.90 4.4 7.02
ML-54 and -55 were progressive 17-metre step-outs to the west of ML-35. The mineralization in both holes is associated with pitchblende, a uranium-bearing mineral that is common to high-grade deposits. The pitchblende in these two holes occurs throughout the sandstone matrix and as irregular veinlets throughout the host rock. The mineralization in ML-54 occurs at the unconformity, while in ML-55 it occurs in the sandstone, immediately above the unconformity.
The Companies are very pleased with these results. The summer diamond drilling program will continue into the fall and the start-up of a second drill on the property is still on schedule.
Drill core was prepared and analysed by the Saskatchewan Research Council in accordance with industry standards. Drill results and technical data have been reviewed by Richard Kusmirski, P.Geo., a Qualified Person pursuant to NI 43-101.
ON BEHALF OF THE BOARD
Rick Kusmirski,
President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
