Owner
Post by Franko10 ™ on Aug 18, 2005 8:35:41 GMT -5
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August 18, 2005 - JNR Resources Inc. (TSXV:JNN) and International
Uranium Corporation (IUC); jointly the "Companies" are pleased to
provide an update on the 2005 summer diamond drilling program that is
underway on the Moore Lake uranium project, located in the Athabasca
Basin of Northern Saskatchewan.
The Companies are very encouraged with the results from the initial
stages of the program, which has successfully extended the strike
length and width of the main high-grade mineralized lens at the
Maverick Zone, and shown that the mineralizing system continues to the
north and northeast within the Nutana and Maverick Northeast grids.
Complete geochemical results for 16 diamond drill holes comprising
5,851 metres have been received. Six of these (ML-80 to 85) tested
targets on the Maverick Main Zone, five (ML-513 to 517) tested targets
on the Maverick Northeast grid, and five (ML-814 to 818) tested targets
on the Nutana grid.
The best results were obtained from the Maverick Main Zone where three
of the six holes intersected significant uranium mineralization
including high grade in two of them. ML-83 assayed 1.81% U3O8 over 11.1
metres, including 5.64% U3O8 over 3.0 metres; ML-85 assayed 1.33% U3O8
over 6.4 metres, including 8.5% U3O8 over 0.9 metres; and ML-84 assayed
0.436% U3O8 over 5.0 metres.
The drilling program on the Maverick Northeast and Nutana grids
consisted of first-pass, broad stepouts on ground geophysical targets
that were identified over the past two years. Although no uranium
mineralization was intersected, highly anomalous geological and
geochemical results were returned in a number of the holes.
The drilling program will continue through September with three drills
operating. Follow-up drilling on the main lens is underway as are
additional stepout holes on targets within the Maverick structural
corridor which has now been interpreted to extend over a minimum strike
length of 6.5 kilometres, and along the southern half of the
10-kilometre long, 500-metre wide conductive corridor, to the west and
northwest of the Maverick granite.
Details of the results to date from the Maverick Main Zone, and the
Maverick Northeast and Nutana grids are presented below.
Maverick Main Zone
Geochemical results have been received for six holes (ML-80 to 85)
comprising 2,136.5 metres. The best results were obtained from drill
holes ML-83 to 85, which targeted a flexure/offset in the conductive
system in the main zone near the initial mineralized hole, ML-03.
ML-83 intersected an 11.1 metre interval (265.0 to 276.1 m) of
unconformity-style, polymetallic uranium mineralization that assayed
1.81% U3O8, including a higher-grade 3.0-metre section (268.2 to 271.2
m) of 5.64% U3O8, 7.1% nickel and 2.55% cobalt. The mineralization
consists of massive to semi-massive pitchblende accompanied by nickel
and cobalt arsenides. This hole was collared on section with
mineralized holes ML-71 and 77, and 5 metres south of the latter.
ML-84 intersected 0.436% U3O8 over 5.0 metres (265.8 to 270.8 m). This
hole was collared on section with ML-03 and 29, and 5 metres south of
the latter.
ML-85 intersected 1.33% U3O8 over 6.4 metres (265.1 to 271.5 m),
including 8.5% U3O8 over 0.9 metres (265.6 to 266.5 m). This hole
represents a 10-metre stepout to the west of ML-29.
Drill holes ML-80 and 81 tested an east-west graphitic horizon and for
a westward strike extension to the mineralization intersected in holes
ML-37 and 64. Both holes intersected a structurally disrupted and
altered sandstone column that returned anomalous uranium and boron
values throughout, and anomalous lead, nickel and zinc values in the
basal portions. ML-80 also returned highly anomalous levels of
polymetallic minerals, vanadium, boron and up to 0.25% U3O8 over 0.5
metres from sheared and altered graphitic pelites in the basement.
ML-82 was an attempt to re-drill the sandstone-hosted uranium
mineralization intersected in ML-61. Unfortunately the hole veered too
far to the south and finished on the hanging wall side of ML-61. As a
result, ML-82 returned a broad zone of low-grade mineralization
associated with the basement pelites and graphitic pelites.
Maverick Northeast
Geochemical results have been received for five holes (ML-513 to 517)
comprising 1,879.7 metres. Four of these holes (ML-513 to 516)
represent the first-pass drilling in an area where three parallel
conductors have been interpreted, while the fifth (ML-517) was drilled
on a seismic target on section with ML-69.
ML-513 to 515 were progressive 300-metre stepouts to the northeast
along the central conductor, with ML-515 being an angled hole. All
three holes intersected on the hanging wall side of the target and were
strongly illitic over the basal 60 to 70 metres of the sandstone
column. ML-513 and 514 also returned anomalous uranium values over this
interval, while ML-514 returned anomalous boron values as well. The
basement pelites and graphitic pelites for all three holes are locally
sheared and altered, and returned anomalous copper, lead, nickel, zinc,
boron and vanadium values ('pathfinder elements'), and up to 125 ppm
uranium.
ML-516 tested the north-flanking conductor and also intersected on the
hanging wall side of the target. Although there are no significant
results from the sandstone column, the basement graphitic pelites
returned anomalous levels of pathfinder elements and locally uranium.
ML-517 was collared about 95 metres north of ML-69. The upper sandstone
column in this hole returned anomalous boron values, while the lower
sandstone column returned anomalous zinc values.
Nutana
The Nutana grid covers the western and northwestern contact between the
Maverick granite and the Lower Wollaston Group metasediments.
Geochemical results have been received for five holes (ML-814 to 817)
comprising 1,835 metres. All five of these holes represent first-pass
drilling in an area where two parallel conductors were interpreted from
geophysical surveys this past winter. ML-814 and 815 were collared 400
metres apart at the north end of the central conductor, while ML-816,
817 and angled hole 818, represent progressive 400-metre stepouts at
the north end of the eastern conductor.
ML-814 and 815 intersected on the hanging wall side of the target.
ML-814 returned highly anomalous uranium and locally vanadium values in
the basal 100 metres of the sandstone column. ML-815 returned anomalous
levels of pathfinder elements from locally sheared and altered pelites
and graphitic pelites that were intersected up to 65 metres into the
basement.
ML-816 to 818 also intersected on the hanging wall side of the target.
All three holes intersected locally sheared and altered graphitic
pelites that returned anomalous levels of pathfinder elements. The best
results were from ML-818, which intersected a 26-metre wide graphitic
zone in the basement and a strongly altered and fractured basal
sandstone column that returned anomalous levels of uranium, lead and
boron.
A glossary of the technical terms included in this release can be found
on the Company's website at: . 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: .
ON BEHALF OF THE BOARD
Rick Kusmirski
President & CEO
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 Wed Aug 17, 2005 at 8:45:31 PM Pacific Time
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News Releases - Thursday, August 18, 2005
JNR Announces Additional High-Grade Results From Moore Lake
Uranium Project
JNR Announces Additional High-Grade Results From Moore Lake
Uranium Project
=======================================================================
August 18, 2005 - JNR Resources Inc. (TSXV:JNN) and International
Uranium Corporation (IUC); jointly the "Companies" are pleased to
provide an update on the 2005 summer diamond drilling program that is
underway on the Moore Lake uranium project, located in the Athabasca
Basin of Northern Saskatchewan.
The Companies are very encouraged with the results from the initial
stages of the program, which has successfully extended the strike
length and width of the main high-grade mineralized lens at the
Maverick Zone, and shown that the mineralizing system continues to the
north and northeast within the Nutana and Maverick Northeast grids.
Complete geochemical results for 16 diamond drill holes comprising
5,851 metres have been received. Six of these (ML-80 to 85) tested
targets on the Maverick Main Zone, five (ML-513 to 517) tested targets
on the Maverick Northeast grid, and five (ML-814 to 818) tested targets
on the Nutana grid.
The best results were obtained from the Maverick Main Zone where three
of the six holes intersected significant uranium mineralization
including high grade in two of them. ML-83 assayed 1.81% U3O8 over 11.1
metres, including 5.64% U3O8 over 3.0 metres; ML-85 assayed 1.33% U3O8
over 6.4 metres, including 8.5% U3O8 over 0.9 metres; and ML-84 assayed
0.436% U3O8 over 5.0 metres.
The drilling program on the Maverick Northeast and Nutana grids
consisted of first-pass, broad stepouts on ground geophysical targets
that were identified over the past two years. Although no uranium
mineralization was intersected, highly anomalous geological and
geochemical results were returned in a number of the holes.
The drilling program will continue through September with three drills
operating. Follow-up drilling on the main lens is underway as are
additional stepout holes on targets within the Maverick structural
corridor which has now been interpreted to extend over a minimum strike
length of 6.5 kilometres, and along the southern half of the
10-kilometre long, 500-metre wide conductive corridor, to the west and
northwest of the Maverick granite.
Details of the results to date from the Maverick Main Zone, and the
Maverick Northeast and Nutana grids are presented below.
Maverick Main Zone
Geochemical results have been received for six holes (ML-80 to 85)
comprising 2,136.5 metres. The best results were obtained from drill
holes ML-83 to 85, which targeted a flexure/offset in the conductive
system in the main zone near the initial mineralized hole, ML-03.
ML-83 intersected an 11.1 metre interval (265.0 to 276.1 m) of
unconformity-style, polymetallic uranium mineralization that assayed
1.81% U3O8, including a higher-grade 3.0-metre section (268.2 to 271.2
m) of 5.64% U3O8, 7.1% nickel and 2.55% cobalt. The mineralization
consists of massive to semi-massive pitchblende accompanied by nickel
and cobalt arsenides. This hole was collared on section with
mineralized holes ML-71 and 77, and 5 metres south of the latter.
ML-84 intersected 0.436% U3O8 over 5.0 metres (265.8 to 270.8 m). This
hole was collared on section with ML-03 and 29, and 5 metres south of
the latter.
ML-85 intersected 1.33% U3O8 over 6.4 metres (265.1 to 271.5 m),
including 8.5% U3O8 over 0.9 metres (265.6 to 266.5 m). This hole
represents a 10-metre stepout to the west of ML-29.
Drill holes ML-80 and 81 tested an east-west graphitic horizon and for
a westward strike extension to the mineralization intersected in holes
ML-37 and 64. Both holes intersected a structurally disrupted and
altered sandstone column that returned anomalous uranium and boron
values throughout, and anomalous lead, nickel and zinc values in the
basal portions. ML-80 also returned highly anomalous levels of
polymetallic minerals, vanadium, boron and up to 0.25% U3O8 over 0.5
metres from sheared and altered graphitic pelites in the basement.
ML-82 was an attempt to re-drill the sandstone-hosted uranium
mineralization intersected in ML-61. Unfortunately the hole veered too
far to the south and finished on the hanging wall side of ML-61. As a
result, ML-82 returned a broad zone of low-grade mineralization
associated with the basement pelites and graphitic pelites.
Maverick Northeast
Geochemical results have been received for five holes (ML-513 to 517)
comprising 1,879.7 metres. Four of these holes (ML-513 to 516)
represent the first-pass drilling in an area where three parallel
conductors have been interpreted, while the fifth (ML-517) was drilled
on a seismic target on section with ML-69.
ML-513 to 515 were progressive 300-metre stepouts to the northeast
along the central conductor, with ML-515 being an angled hole. All
three holes intersected on the hanging wall side of the target and were
strongly illitic over the basal 60 to 70 metres of the sandstone
column. ML-513 and 514 also returned anomalous uranium values over this
interval, while ML-514 returned anomalous boron values as well. The
basement pelites and graphitic pelites for all three holes are locally
sheared and altered, and returned anomalous copper, lead, nickel, zinc,
boron and vanadium values ('pathfinder elements'), and up to 125 ppm
uranium.
ML-516 tested the north-flanking conductor and also intersected on the
hanging wall side of the target. Although there are no significant
results from the sandstone column, the basement graphitic pelites
returned anomalous levels of pathfinder elements and locally uranium.
ML-517 was collared about 95 metres north of ML-69. The upper sandstone
column in this hole returned anomalous boron values, while the lower
sandstone column returned anomalous zinc values.
Nutana
The Nutana grid covers the western and northwestern contact between the
Maverick granite and the Lower Wollaston Group metasediments.
Geochemical results have been received for five holes (ML-814 to 817)
comprising 1,835 metres. All five of these holes represent first-pass
drilling in an area where two parallel conductors were interpreted from
geophysical surveys this past winter. ML-814 and 815 were collared 400
metres apart at the north end of the central conductor, while ML-816,
817 and angled hole 818, represent progressive 400-metre stepouts at
the north end of the eastern conductor.
ML-814 and 815 intersected on the hanging wall side of the target.
ML-814 returned highly anomalous uranium and locally vanadium values in
the basal 100 metres of the sandstone column. ML-815 returned anomalous
levels of pathfinder elements from locally sheared and altered pelites
and graphitic pelites that were intersected up to 65 metres into the
basement.
ML-816 to 818 also intersected on the hanging wall side of the target.
All three holes intersected locally sheared and altered graphitic
pelites that returned anomalous levels of pathfinder elements. The best
results were from ML-818, which intersected a 26-metre wide graphitic
zone in the basement and a strongly altered and fractured basal
sandstone column that returned anomalous levels of uranium, lead and
boron.
A glossary of the technical terms included in this release can be found
on the Company's website at: . 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: .
ON BEHALF OF THE BOARD
Rick Kusmirski
President & CEO
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 Wed Aug 17, 2005 at 8:45:31 PM Pacific Time
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