Post by Franko10 ™ on Oct 13, 2005 8:43:52 GMT -5
JNR Completes Drilling Program - Airborne Surveys Underway
==================================================
October 13, 2005 - JNR Resources Inc. (TSXV:JNN) and International
Uranium Corporation (IUC); jointly the "Companies" are pleased to
announce that the 2005 summer diamond drilling program on the Moore
Lake uranium project, located in the Athabasca Basin of Northern
Saskatchewan, has been completed.
The 59-hole program comprising 22,100 metres consisted of in-fill
drilling on the Maverick Main zone and step-out drilling along the more
than 6.5-kilometre long Maverick structural corridor and along the
southern half of the 10-kilometre long, 500-metre wide conductive
corridor to the west and northwest of the Maverick granite.
The results from the first 16 holes of this program (News Release -
August 18) were very encouraging, in that they successfully extended
the strike length and width of the main high-grade mineralized lens at
the Maverick Zone and demonstrated that the mineralizing system
continues to the north and northeast within the Nutana and Maverick
Northeast grids.
Samples of the remaining drill holes have been received by the SRC
Laboratory and results will be reported as they become available.
The Companies have also completed a prospecting and boulder and till
sampling program on the Pendleton Lake property. This work in part
followed-up on a GEOTEM survey flown in the spring of 2004, and
focussed on locating the source of radioactive boulders (up to 7.17%
U3O8) that were discovered by Marine Oil Ltd. in the late 1970's. IUC
is earning a 75% interest in the Pendleton Lake project and JNR is the
project manager. Results from the summer program will be reported as
they become available.
The Companies also wish to announce that a 3,600-kilometre airborne EM
and magnetic survey is underway on the Lazy Edward Bay, South Dufferin
and Kelic Lake projects. The survey is being carried out by Geotech
Ltd. using their helicopter-borne VTEM system.
The Lazy Edward Bay property comprises 48,310 hectares and is located
along the southern margin of the Athabasca Basin, approximately 75
kilometres west-northwest of the Key Lake uranium mine. Previous
operators identified several major conductive trends, some of which
were never drill tested while others were poorly tested. A number of
broadly spaced drill holes that returned anomalous geological and/or
geochemical results were never followed up. IUC is earning a 75%
interest in the Lazy Edward Bay project and JNR is the project manager.
The South Dufferin property comprises 27,330 hectares and is located
along the southern margin of the Athabasca Basin, approximately 110
kilometres west-northwest of Key Lake. This property covers the
projected southern extension of the Dufferin Lake fault. In February of
this year, Cameco reported multiple high-grade U3O8 intersections
associated with this structure from their Virgin River project. IUC can
earn up to a 75% interest in this project and JNR is the project
manager.
The Kelic Lake property comprises 20,686 hectares and is located
approximately 150 kilometres west-northwest of Key Lake. Previous
operators identified several conductive trends on the property, and the
limited drilling that was carried out returned encouraging geological
and geochemical results. IUC can earn up to a 75% interest in this
project and JNR is the project manager.
A glossary of the technical terms included in this release can be found
on the Company's website at: www.jnrresources.com/s/Glossary.asp. 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, P.Geo, and
exploration manager David L. Billard, P.Geo, 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/i/pdf/JNR-QAQC.pdf.
ON BEHALF OF THE BOARD
'Rick Kusmirski'
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 Oct 12, 2005 at 3:32:18 PM Pacific Time
===================================================
==================================================
October 13, 2005 - JNR Resources Inc. (TSXV:JNN) and International
Uranium Corporation (IUC); jointly the "Companies" are pleased to
announce that the 2005 summer diamond drilling program on the Moore
Lake uranium project, located in the Athabasca Basin of Northern
Saskatchewan, has been completed.
The 59-hole program comprising 22,100 metres consisted of in-fill
drilling on the Maverick Main zone and step-out drilling along the more
than 6.5-kilometre long Maverick structural corridor and along the
southern half of the 10-kilometre long, 500-metre wide conductive
corridor to the west and northwest of the Maverick granite.
The results from the first 16 holes of this program (News Release -
August 18) were very encouraging, in that they successfully extended
the strike length and width of the main high-grade mineralized lens at
the Maverick Zone and demonstrated that the mineralizing system
continues to the north and northeast within the Nutana and Maverick
Northeast grids.
Samples of the remaining drill holes have been received by the SRC
Laboratory and results will be reported as they become available.
The Companies have also completed a prospecting and boulder and till
sampling program on the Pendleton Lake property. This work in part
followed-up on a GEOTEM survey flown in the spring of 2004, and
focussed on locating the source of radioactive boulders (up to 7.17%
U3O8) that were discovered by Marine Oil Ltd. in the late 1970's. IUC
is earning a 75% interest in the Pendleton Lake project and JNR is the
project manager. Results from the summer program will be reported as
they become available.
The Companies also wish to announce that a 3,600-kilometre airborne EM
and magnetic survey is underway on the Lazy Edward Bay, South Dufferin
and Kelic Lake projects. The survey is being carried out by Geotech
Ltd. using their helicopter-borne VTEM system.
The Lazy Edward Bay property comprises 48,310 hectares and is located
along the southern margin of the Athabasca Basin, approximately 75
kilometres west-northwest of the Key Lake uranium mine. Previous
operators identified several major conductive trends, some of which
were never drill tested while others were poorly tested. A number of
broadly spaced drill holes that returned anomalous geological and/or
geochemical results were never followed up. IUC is earning a 75%
interest in the Lazy Edward Bay project and JNR is the project manager.
The South Dufferin property comprises 27,330 hectares and is located
along the southern margin of the Athabasca Basin, approximately 110
kilometres west-northwest of Key Lake. This property covers the
projected southern extension of the Dufferin Lake fault. In February of
this year, Cameco reported multiple high-grade U3O8 intersections
associated with this structure from their Virgin River project. IUC can
earn up to a 75% interest in this project and JNR is the project
manager.
The Kelic Lake property comprises 20,686 hectares and is located
approximately 150 kilometres west-northwest of Key Lake. Previous
operators identified several conductive trends on the property, and the
limited drilling that was carried out returned encouraging geological
and geochemical results. IUC can earn up to a 75% interest in this
project and JNR is the project manager.
A glossary of the technical terms included in this release can be found
on the Company's website at: www.jnrresources.com/s/Glossary.asp. 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, P.Geo, and
exploration manager David L. Billard, P.Geo, 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/i/pdf/JNR-QAQC.pdf.
ON BEHALF OF THE BOARD
'Rick Kusmirski'
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 Oct 12, 2005 at 3:32:18 PM Pacific Time
===================================================