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Post by Franko10 ™ on Nov 9, 2005 12:10:51 GMT -5
News Releases - Wednesday, November 09, 2005
JNR Announces Discovery of New Mineralized Zones at Moore Lake
November 09, 2005 - JNR Resources Inc. (TSXV:JNN) and International
Uranium Corporation (IUC); jointly the "Companies" are pleased to
provide further results from the 2005 summer diamond drilling program
that was recently completed on the Moore Lake uranium project, located
in the Athabasca Basin of Northern Saskatchewan.
Complete geochemical results were received for an additional 13 diamond
drill holes (ML-518 to 530) that tested targets northeast of the
Maverick Main Zone. Two new zones of unconformity-style uranium
mineralization ('527' and '525') have been discovered along the same
structural corridor that hosts the Maverick Main Zone.
Drillhole ML-527 returned a grade equivalent of 0.41% U3O8 over 6.6
metres, including a 1.0-metre intercept of 1.1% eU3O8. This hole was
collared 450 metres northeast of discovery hole ML-25. Hole ML-525,
which was collared 1,400 metres to the northeast of the discovery hole,
returned an assay of 0.226% U3O8 from a 4.5-metre interval of sandstone
immediately above the unconformity. The intersection in ML-527 in
particular, compares well with that obtained in ML-03, the first hole
to intersect significant uranium mineralization in the Maverick Zone.
Details of the results from all 13 holes are presented below.
Maverick Northeast
Maverick Northeast is now referred to as the area up to 1,100 metres
northeast of discovery hole ML-25.
Geochemical results have been received for an additional five holes
(ML-521, 526, 527, 529 & 530) from this area. These holes followed up
anomalous geochemical and geological results from earlier drilling.
The most significant results were obtained from hole ML-527, which
returned a grade equivalent of 0.41% U3O8 over 6.6 metres including a
1.0-metre intercept of 1.1% eU3O8 (Note: due to poor core recovery the
down-hole radiometric probe results have been reported). These grades
are similar to those intersected in a 2000 hole, ML-03 (0.442% eU3O8
over 9.2 metres), which was the first indication of significant uranium
mineralization on the Moore Lake project. It is noteworthy that the
core that was recovered and analysed returned highly anomalous levels
of nickel and the major pathfinder elements (copper, lead, zinc,
cobalt, arsenic, vanadium, boron and bismuth) that are common to the
Maverick Main Zone and to unconformity uranium deposits in general.
ML-527 was a follow-up to and drilled 10 metres north of ML-510. The
intersection in ML-527 occurs in an 8- to 10-metre deep trough as
evidenced by changes in unconformity elevations, and also occurs 50
metres southwest of a previously reported 5.0-metre interval in ML-501
that assayed 0.26% U3O8. The '527' zone will be a major focus of the
2006 winter drilling program.
ML-521 was a 40-metre stepout to the north of geochemically anomalous
ML-69. It returned highly anomalous uranium and boron values from a
strongly altered and structurally disrupted sandstone column.
ML-526 was a 10-metre stepout to the north of the geochemically
anomalous hanging wall hole ML-43. It returned highly anomalous
uranium, boron and locally lead values from the basal 100 metres of a
strongly altered and commonly illitic sandstone column. ML-526 was also
a hanging wall hole.
ML-529 was collared 5 metres to the north of ML-511 which intersected
basement mineralization assaying 0.403% U3O8 over 0.5 metres. ML-529 is
also located 50 metres to the southwest of mineralized hole ML-527.
The basal portion of the sandstone column and the strongly clay altered
basement beneath the unconformity returned highly anomalous values of
all of the major pathfinder elements including uranium.
ML-530 was collared 5 metres to the north of ML-74 and was designed to
follow-up the weak basement --hosted mineralization (0.113% U3O8 over
2.5 metres) intersected in this hole. It returned anomalous uranium and
zinc values throughout the sandstone column and strongly anomalous
levels of the major pathfinder elements in the basal 100 metres of
sandstone. Although no significant uranium mineralization was
intersected the basement rocks beneath the unconformity were strongly
enriched in uranium, nickel, lead and zinc.
Northeast Grid Extension
The northeast grid extension adjoins the Maverick Northeast grid and
continues to a minimum of 2,500 metres to the northeast of discovery
hole ML-25. This area is characterized by three geophysically
interpreted, northeast trending subparallel conductors that occur over
a width of 450 metres. The most pronounced is the central conductor,
which has a minimum strike length of 1,300 metres.
Geochemical results have been received for an additional 6 holes
(ML-518 to 520, 522, 525, 528) from this area. These holes for the most
part represented broad stepouts along all three conductors.
The most significant results were obtained from ML-525 which tested the
central conductor and returned 0.226% U3O8 over 4.5 metres. This
mineralization occurs in the sandstone immediately above the
unconformity and is accompanied by enrichment in the major pathfinder
elements. ML-525 is a hanging wall hole and intersected a broad, 30
metre wide package of altered graphitic pelites in the basement,
followed by a radioactive pegmatite, that returned one metre of 0.129%
U3O8.
ML-528 was collared 5 metres to the south of ML-525 testing for
basement mineralization. ML-528 intersected 0.5 metres of weak
mineralization (0.151% U3O8) at the unconformity, followed by 40 metres
of altered graphitic pelites containing narrow intervals of radioactive
pegmatites. Individual pegmatite samples returned anywhere from 100 to
700 ppm uranium over 0.5 metres.
Hole ML-519 tested the eastern conductor on section with and 100 metres
east of ML-525 & 528. Although it failed to intersect the targeted
conductor, it did intersect the down dip extension of the central
conductor well below the unconformity, as well as primary uranium
mineralization in unaltered pegmatites some 90 metres vertically
beneath the unconformity. A 6.0-metre interval returned 0.028% U3O8.
ML-520 and 522 were broad 300 and 750 metre stepouts respectively,
along the central conductor to the northeast of ML-525. ML-520
intersected 40 metres of sheared and altered graphitic pelites well
below the unconformity as well as a 2.0 metre interval of primary
mineralization (0.034% U3O8) in unaltered pegmatites. ML-522
intersected on the hanging wall side of the target. The graphitic
pelites, which begin some 35 metres beneath the unconformity, returned
anomalous levels of copper, nickel, molybdenum and vanadium.
ML-518 tested the western conductor and also intersected well onto the
hanging wall side of the target. It returned weakly anomalous uranium
values from the basal 70 metres of the sandstone column.
The Northeast grid extension is clearly an area that geochemically is
highly anomalous. Infill drilling and follow-up of the '525' zone will
be a major focus of the 2006 winter drilling program.
Seismic Targets
Two holes (ML-523 & 524) comprising 833 metres were collared
approximately 900 metres south of the Maverick Main Zone and tested
structures interpreted from this past winters' seismic survey. Although
the sandstone column in both was largely background, structural
disruption and alteration was intersected in the basement of both
holes; most noticeably in the basement rocks of ML-524, which also
returned anomalous boron values.
Additional ground geophysical programs will be carried out in this area
during the 2006 winter program, to better define the targets.
Samples were analysed at the Saskatchewan Research Council Laboratory
in Saskatoon. Further results will be released once they have been
received and interpreted.
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, 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/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 Nov 9, 2005 at 9:48:43 AM Pacific Time
JNR Announces Discovery of New Mineralized Zones at Moore Lake
November 09, 2005 - JNR Resources Inc. (TSXV:JNN) and International
Uranium Corporation (IUC); jointly the "Companies" are pleased to
provide further results from the 2005 summer diamond drilling program
that was recently completed on the Moore Lake uranium project, located
in the Athabasca Basin of Northern Saskatchewan.
Complete geochemical results were received for an additional 13 diamond
drill holes (ML-518 to 530) that tested targets northeast of the
Maverick Main Zone. Two new zones of unconformity-style uranium
mineralization ('527' and '525') have been discovered along the same
structural corridor that hosts the Maverick Main Zone.
Drillhole ML-527 returned a grade equivalent of 0.41% U3O8 over 6.6
metres, including a 1.0-metre intercept of 1.1% eU3O8. This hole was
collared 450 metres northeast of discovery hole ML-25. Hole ML-525,
which was collared 1,400 metres to the northeast of the discovery hole,
returned an assay of 0.226% U3O8 from a 4.5-metre interval of sandstone
immediately above the unconformity. The intersection in ML-527 in
particular, compares well with that obtained in ML-03, the first hole
to intersect significant uranium mineralization in the Maverick Zone.
Details of the results from all 13 holes are presented below.
Maverick Northeast
Maverick Northeast is now referred to as the area up to 1,100 metres
northeast of discovery hole ML-25.
Geochemical results have been received for an additional five holes
(ML-521, 526, 527, 529 & 530) from this area. These holes followed up
anomalous geochemical and geological results from earlier drilling.
The most significant results were obtained from hole ML-527, which
returned a grade equivalent of 0.41% U3O8 over 6.6 metres including a
1.0-metre intercept of 1.1% eU3O8 (Note: due to poor core recovery the
down-hole radiometric probe results have been reported). These grades
are similar to those intersected in a 2000 hole, ML-03 (0.442% eU3O8
over 9.2 metres), which was the first indication of significant uranium
mineralization on the Moore Lake project. It is noteworthy that the
core that was recovered and analysed returned highly anomalous levels
of nickel and the major pathfinder elements (copper, lead, zinc,
cobalt, arsenic, vanadium, boron and bismuth) that are common to the
Maverick Main Zone and to unconformity uranium deposits in general.
ML-527 was a follow-up to and drilled 10 metres north of ML-510. The
intersection in ML-527 occurs in an 8- to 10-metre deep trough as
evidenced by changes in unconformity elevations, and also occurs 50
metres southwest of a previously reported 5.0-metre interval in ML-501
that assayed 0.26% U3O8. The '527' zone will be a major focus of the
2006 winter drilling program.
ML-521 was a 40-metre stepout to the north of geochemically anomalous
ML-69. It returned highly anomalous uranium and boron values from a
strongly altered and structurally disrupted sandstone column.
ML-526 was a 10-metre stepout to the north of the geochemically
anomalous hanging wall hole ML-43. It returned highly anomalous
uranium, boron and locally lead values from the basal 100 metres of a
strongly altered and commonly illitic sandstone column. ML-526 was also
a hanging wall hole.
ML-529 was collared 5 metres to the north of ML-511 which intersected
basement mineralization assaying 0.403% U3O8 over 0.5 metres. ML-529 is
also located 50 metres to the southwest of mineralized hole ML-527.
The basal portion of the sandstone column and the strongly clay altered
basement beneath the unconformity returned highly anomalous values of
all of the major pathfinder elements including uranium.
ML-530 was collared 5 metres to the north of ML-74 and was designed to
follow-up the weak basement --hosted mineralization (0.113% U3O8 over
2.5 metres) intersected in this hole. It returned anomalous uranium and
zinc values throughout the sandstone column and strongly anomalous
levels of the major pathfinder elements in the basal 100 metres of
sandstone. Although no significant uranium mineralization was
intersected the basement rocks beneath the unconformity were strongly
enriched in uranium, nickel, lead and zinc.
Northeast Grid Extension
The northeast grid extension adjoins the Maverick Northeast grid and
continues to a minimum of 2,500 metres to the northeast of discovery
hole ML-25. This area is characterized by three geophysically
interpreted, northeast trending subparallel conductors that occur over
a width of 450 metres. The most pronounced is the central conductor,
which has a minimum strike length of 1,300 metres.
Geochemical results have been received for an additional 6 holes
(ML-518 to 520, 522, 525, 528) from this area. These holes for the most
part represented broad stepouts along all three conductors.
The most significant results were obtained from ML-525 which tested the
central conductor and returned 0.226% U3O8 over 4.5 metres. This
mineralization occurs in the sandstone immediately above the
unconformity and is accompanied by enrichment in the major pathfinder
elements. ML-525 is a hanging wall hole and intersected a broad, 30
metre wide package of altered graphitic pelites in the basement,
followed by a radioactive pegmatite, that returned one metre of 0.129%
U3O8.
ML-528 was collared 5 metres to the south of ML-525 testing for
basement mineralization. ML-528 intersected 0.5 metres of weak
mineralization (0.151% U3O8) at the unconformity, followed by 40 metres
of altered graphitic pelites containing narrow intervals of radioactive
pegmatites. Individual pegmatite samples returned anywhere from 100 to
700 ppm uranium over 0.5 metres.
Hole ML-519 tested the eastern conductor on section with and 100 metres
east of ML-525 & 528. Although it failed to intersect the targeted
conductor, it did intersect the down dip extension of the central
conductor well below the unconformity, as well as primary uranium
mineralization in unaltered pegmatites some 90 metres vertically
beneath the unconformity. A 6.0-metre interval returned 0.028% U3O8.
ML-520 and 522 were broad 300 and 750 metre stepouts respectively,
along the central conductor to the northeast of ML-525. ML-520
intersected 40 metres of sheared and altered graphitic pelites well
below the unconformity as well as a 2.0 metre interval of primary
mineralization (0.034% U3O8) in unaltered pegmatites. ML-522
intersected on the hanging wall side of the target. The graphitic
pelites, which begin some 35 metres beneath the unconformity, returned
anomalous levels of copper, nickel, molybdenum and vanadium.
ML-518 tested the western conductor and also intersected well onto the
hanging wall side of the target. It returned weakly anomalous uranium
values from the basal 70 metres of the sandstone column.
The Northeast grid extension is clearly an area that geochemically is
highly anomalous. Infill drilling and follow-up of the '525' zone will
be a major focus of the 2006 winter drilling program.
Seismic Targets
Two holes (ML-523 & 524) comprising 833 metres were collared
approximately 900 metres south of the Maverick Main Zone and tested
structures interpreted from this past winters' seismic survey. Although
the sandstone column in both was largely background, structural
disruption and alteration was intersected in the basement of both
holes; most noticeably in the basement rocks of ML-524, which also
returned anomalous boron values.
Additional ground geophysical programs will be carried out in this area
during the 2006 winter program, to better define the targets.
Samples were analysed at the Saskatchewan Research Council Laboratory
in Saskatoon. Further results will be released once they have been
received and interpreted.
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, 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/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 Nov 9, 2005 at 9:48:43 AM Pacific Time
