Owner
Post by Franko10 ™ on Nov 24, 2005 9:27:54 GMT -5
News Releases - Thursday, November 24, 2005
JNR Announces Rocky Brook Uranium Project Drilling Update
November 24, 2005 - JNR Resources Inc. (TSXV:JNN) and Altius Minerals
Corporation are pleased to report on their ongoing summer/fall diamond
drilling program on the Rocky Brook uranium property located in western
Newfoundland. Fifty-eight holes comprising 2,816 metres have been
drilled to date. The most significant results are from the Wigwam Brook
area, where anomalous radioactivity accompanied by strong hydrothermal
alteration has been intersected in several holes.
Forty reconnaissance holes tested the Wigwam Brook boulder field, where
glacial, hematite-altered sandstone boulders have reported values
ranging from 1% to more than 10% uranium oxide (U3O8) as well as very
high-grade silver contents. Drilling to the northeast and immediately
southwest of the boulder field returned anomalous radiometrics (over
1000 counts per second in a downhole radiometric probe) from several
holes. The anomalous intervals occur in shears/fractures and are
associated with hematite alteration.
This drilling program has considerably narrowed the overall target area
and plans are underway to test the area to the north of the Wigwam
Brook boulder field. It is noteworthy that historic exploration assumed
a different glacial-ice direction, and was primarily focussed to the
south of the boulder field.
Eighteen reconnaissance holes tested the area of the Birchy Hill Brook
boulder field, where previous work identified a corridor of radioactive
till some 4 km northeast of the Wigwam Brook field. Three fences of
holes were drilled across the trend of this dispersal train and have
extended the till anomaly a further 700 metres northward. As within the
Wigwam Brook area, the current work is focussing to the north of the
boulder field.
The drilling program is expected to be completed by mid December, and
samples from the first 29 holes have been received by the Saskatchewan
Research Council laboratory in Saskatoon. The results from these and
subsequent samples will be reported when they have been received and
interpreted.
JNR can earn a 70% interest in the Rocky Brook property over 4 years by
spending $2,525,000 on exploration and by making cash and share
payments to Altius. The first-year commitments on the property have
been met.
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 Exploration Manager, David L. Billard, PGeo, and
Chief Geochemist, Ken Wasyliuk, 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-RB.pdf
ON BEHALF OF THE BOARD
Rick Kusmirski
President & CEO
For further information contact:
Rick Kusmirski (306) 382-2211 / 877-567-6463
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 23, 2005 at 8:18:38 PM Pacific Time
JNR Announces Rocky Brook Uranium Project Drilling Update
November 24, 2005 - JNR Resources Inc. (TSXV:JNN) and Altius Minerals
Corporation are pleased to report on their ongoing summer/fall diamond
drilling program on the Rocky Brook uranium property located in western
Newfoundland. Fifty-eight holes comprising 2,816 metres have been
drilled to date. The most significant results are from the Wigwam Brook
area, where anomalous radioactivity accompanied by strong hydrothermal
alteration has been intersected in several holes.
Forty reconnaissance holes tested the Wigwam Brook boulder field, where
glacial, hematite-altered sandstone boulders have reported values
ranging from 1% to more than 10% uranium oxide (U3O8) as well as very
high-grade silver contents. Drilling to the northeast and immediately
southwest of the boulder field returned anomalous radiometrics (over
1000 counts per second in a downhole radiometric probe) from several
holes. The anomalous intervals occur in shears/fractures and are
associated with hematite alteration.
This drilling program has considerably narrowed the overall target area
and plans are underway to test the area to the north of the Wigwam
Brook boulder field. It is noteworthy that historic exploration assumed
a different glacial-ice direction, and was primarily focussed to the
south of the boulder field.
Eighteen reconnaissance holes tested the area of the Birchy Hill Brook
boulder field, where previous work identified a corridor of radioactive
till some 4 km northeast of the Wigwam Brook field. Three fences of
holes were drilled across the trend of this dispersal train and have
extended the till anomaly a further 700 metres northward. As within the
Wigwam Brook area, the current work is focussing to the north of the
boulder field.
The drilling program is expected to be completed by mid December, and
samples from the first 29 holes have been received by the Saskatchewan
Research Council laboratory in Saskatoon. The results from these and
subsequent samples will be reported when they have been received and
interpreted.
JNR can earn a 70% interest in the Rocky Brook property over 4 years by
spending $2,525,000 on exploration and by making cash and share
payments to Altius. The first-year commitments on the property have
been met.
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 Exploration Manager, David L. Billard, PGeo, and
Chief Geochemist, Ken Wasyliuk, 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-RB.pdf
ON BEHALF OF THE BOARD
Rick Kusmirski
President & CEO
For further information contact:
Rick Kusmirski (306) 382-2211 / 877-567-6463
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 23, 2005 at 8:18:38 PM Pacific Time
