Post by Franko10 ™ on Dec 19, 2005 9:40:34 GMT -5
JNR Announces Formation of New Uranium Joint Venture Project in Athabasca Basin
09:00 EST Monday, December 19, 2005
TSXV:JNN
Website: www.jnrresources.com
SASKATOON, Dec. 19 /CNW/ - JNR Resources Inc. (TSXV:JNN) is pleased to announce that it has entered into an agreement with International Uranium Corporation (IUC) to combine a number of claims in the Bell Lake area of northern Saskatchewan, into a newly constituted joint venture.
The Bell Lake project is located in the Athabasca Basin some 50 to 75 kilometres northwest of the Rabbit Lake mine and within 5 kilometres of Cameco's La Rocque Lake uranium zone. The project consists of ten claims totalling 30,767 hectares and includes all of IUC's Ward Creek claims and JNR's Bell Lake and La Rocque Lake claims. The latter two were under option to IUC.
JNR will hold a 40% interest in the new project and will retain a 2% NSR on the Bell Lake and La Rocque Lake claims. IUC will hold a 60% interest in the project. The Ward Creek claims are also subject to a 2% NSR, payable to a third party.
A $250,000 winter exploration program will be initiated in the New Year. It will be focussed on ground defining newly identified electromagnetic (EM) conductors outlined by recent airborne surveys, as well as inadequately tested historical conductors. Details of a follow-up program will be finalized once the results of the ground work have been received and interpreted.
Richard T. Kusmirski, PGeo and David L. Billard, PGeo, are the Company's qualified persons responsible for the technical data presented in this release. For more information, visit the Company's website at www.jnrresources.com.
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.
For further information: contact Rick Kusmirski at (306) 382-2211 or (877) 567-6463, Email: info@jnrresources.com
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09:00 EST Monday, December 19, 2005
TSXV:JNN
Website: www.jnrresources.com
SASKATOON, Dec. 19 /CNW/ - JNR Resources Inc. (TSXV:JNN) is pleased to announce that it has entered into an agreement with International Uranium Corporation (IUC) to combine a number of claims in the Bell Lake area of northern Saskatchewan, into a newly constituted joint venture.
The Bell Lake project is located in the Athabasca Basin some 50 to 75 kilometres northwest of the Rabbit Lake mine and within 5 kilometres of Cameco's La Rocque Lake uranium zone. The project consists of ten claims totalling 30,767 hectares and includes all of IUC's Ward Creek claims and JNR's Bell Lake and La Rocque Lake claims. The latter two were under option to IUC.
JNR will hold a 40% interest in the new project and will retain a 2% NSR on the Bell Lake and La Rocque Lake claims. IUC will hold a 60% interest in the project. The Ward Creek claims are also subject to a 2% NSR, payable to a third party.
A $250,000 winter exploration program will be initiated in the New Year. It will be focussed on ground defining newly identified electromagnetic (EM) conductors outlined by recent airborne surveys, as well as inadequately tested historical conductors. Details of a follow-up program will be finalized once the results of the ground work have been received and interpreted.
Richard T. Kusmirski, PGeo and David L. Billard, PGeo, are the Company's qualified persons responsible for the technical data presented in this release. For more information, visit the Company's website at www.jnrresources.com.
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.
For further information: contact Rick Kusmirski at (306) 382-2211 or (877) 567-6463, Email: info@jnrresources.com
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