Post by Franko10 ™ on Jun 20, 2005 19:22:04 GMT -5
Monday, June 20, 2005
Drilling Resumes at Moore Lake
=======================================================================
June 20, 2005 - JNR Resources Inc. (TSX-V:JNN) the 'Company' and
International Uranium Corporation (IUC); jointly the "Companies" are
pleased to announce that the 2005 summer diamond drilling program is
underway on the Moore Lake uranium project, located in the Athabasca
Basin of Northern Saskatchewan.
The program will consist of a minimum of 15,000 metres of drilling. Two
drills will test a multitude of targets along the Maverick structural
corridor which has now been interpreted to extend over a minimum strike
length of 6.5 kilometres. This includes infill drilling and systematic
stepouts along the know mineralized zone and the initial drill test of
ground EM, seismic and gravity targets identified over the past two
years along the interpreted northeast and southwest extensions of this
zone. A third drill will test ground EM targets within the southern
half of a newly identified 10-kilometre long, 500-metre wide conductive
corridor, which covers the interpreted western and northern contacts
between the Maverick granite and the Lower Wollaston sediments. Two
drills are currently coring, with the third expected to be operational
by week's end.
The Companies also approved summer/fall exploration programs on a
number of other Joint Venture projects including Lazy Edward Bay,
Dufferin South, Kelic Lake, North Wedge and Pendleton Lake. Details
will be released when they are finalized.
The Company is also granting incentive stock options to certain of its
directors, officers and employees to purchase up to 1.25 million common
shares at a price of $0.82 per share, exercisable for a period of five
years.
All technical information for the Company's exploration projects is
obtained and reported under a formal quality assurance and quality
control program. JNR's president, Richard T. Kusmirski, PGeo, and
exploration manager, David L. Billard, PGeo, are the qualified persons
responsible for the technical data presented in this release. Details
of the Company's quality assurance and quality control program are
presented within a material change report filed on SEDAR on December 2,
2004, and on the Company's website at www.jnrresources.com.
ON BEHALF OF THE BOARD
"Rick Kusmirski"
Rick Kusmirski
President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
=======================================================================
Copyright (c) 2005 JNR RESOURCES INC. (JNN-TSXV) All rights reserved.
For more information visit our website at www.jnrresources.com/
or send mailto:info@jnrresources.com
Message sent on Mon Jun 20, 2005 at 10:27:32 AM Pacific Time
=======================================================================
Drilling Resumes at Moore Lake
=======================================================================
June 20, 2005 - JNR Resources Inc. (TSX-V:JNN) the 'Company' and
International Uranium Corporation (IUC); jointly the "Companies" are
pleased to announce that the 2005 summer diamond drilling program is
underway on the Moore Lake uranium project, located in the Athabasca
Basin of Northern Saskatchewan.
The program will consist of a minimum of 15,000 metres of drilling. Two
drills will test a multitude of targets along the Maverick structural
corridor which has now been interpreted to extend over a minimum strike
length of 6.5 kilometres. This includes infill drilling and systematic
stepouts along the know mineralized zone and the initial drill test of
ground EM, seismic and gravity targets identified over the past two
years along the interpreted northeast and southwest extensions of this
zone. A third drill will test ground EM targets within the southern
half of a newly identified 10-kilometre long, 500-metre wide conductive
corridor, which covers the interpreted western and northern contacts
between the Maverick granite and the Lower Wollaston sediments. Two
drills are currently coring, with the third expected to be operational
by week's end.
The Companies also approved summer/fall exploration programs on a
number of other Joint Venture projects including Lazy Edward Bay,
Dufferin South, Kelic Lake, North Wedge and Pendleton Lake. Details
will be released when they are finalized.
The Company is also granting incentive stock options to certain of its
directors, officers and employees to purchase up to 1.25 million common
shares at a price of $0.82 per share, exercisable for a period of five
years.
All technical information for the Company's exploration projects is
obtained and reported under a formal quality assurance and quality
control program. JNR's president, Richard T. Kusmirski, PGeo, and
exploration manager, David L. Billard, PGeo, are the qualified persons
responsible for the technical data presented in this release. Details
of the Company's quality assurance and quality control program are
presented within a material change report filed on SEDAR on December 2,
2004, and on the Company's website at www.jnrresources.com.
ON BEHALF OF THE BOARD
"Rick Kusmirski"
Rick Kusmirski
President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
=======================================================================
Copyright (c) 2005 JNR RESOURCES INC. (JNN-TSXV) All rights reserved.
For more information visit our website at www.jnrresources.com/
or send mailto:info@jnrresources.com
Message sent on Mon Jun 20, 2005 at 10:27:32 AM Pacific Time
=======================================================================