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Post by Franko10 ™ on Dec 21, 2005 9:16:29 GMT -5
JNR Announces Additional High-Grade Uranium Results From Moore Lake Project
09:15 EST Wednesday, December 21, 2005
TSXV:JNN
Website: www.jnrresources.com
SASKATOON, Dec. 21 /CNW/ - JNR Resources Inc. (TSXV:JNN) and International Uranium Corporation (IUC); jointly the "Companies" continue to obtain high-grade results from holes testing the Maverick Main zone at the Moore Lake uranium project, located in the Athabasca Basin of Northern Saskatchewan. ML-100 returned 2% U3O8 over 7.75 metres, including 4.54% U3O8 and 3% nickel over 2.75 metres. ML-88 returned 0.66% U3O8 over 4.8 metres, including 1.58% U3O8 over 1.5 metres.
Uranium mineralization in the Maverick Main zone has now been intersected over a minimum strike length of 350 metres. This mineralized zone is one of three; the other two being the newly discovered 527 and 525 zones (Nov. 29 News Release) that occur over a 1.7-kilometre length of the minimum 6.5-kilometre long Maverick structural corridor. Over 50% of this corridor has yet to be drill tested.
Complete geochemical results have been received for the remaining 13 diamond drill holes (ML-88, 98-100, 531-533, 822 and 826-830) from the 2005 summer program. These holes tested the Maverick Main zone as well as targets on the Maverick Northeast, Nutana and West Maverick grids.
The Companies have approved a 2006 winter exploration program that will consist of line cutting, ground geophysics and a minimum of 15,000 metres of diamond drilling utilizing three drill rigs. The drilling program is scheduled to begin the first week of January.
Details of the results from all 13 holes are presented below.
Maverick Main Zone
-------------------
Geochemical results have been received for an additional four holes. ML-100 and 88 were follow-up holes on the Main zone, while ML-98 and 827 tested this zone at its western end where two conductors are apparent.
ML-100 intersected 2% U3O8 over 7.75 metres, including 4.54% U3O8 and 3% nickel over 2.75 metres. This mineralization is largely sandstone-hosted and occurs as disseminated pitchblende in the matrix and in veinlets. ML-88 was collared five metres south of mineralized hole ML-55 and returned 0.66% U3O8 over 4.8 metres, including 1.58% U3O8 over 1.5 metres.
ML-98 tested an east-west trending splay off the main conductor and intersected a geochemically anomalous, strongly altered and structurally disrupted sandstone column with low-grade uranium mineralization (0.14% U3O8 over 5.0 metres) about the unconformity. ML-827 was drilled on section with ML-98 but tested the main west-southwest trending conductor. This hole intersected a geochemically anomalous and altered sandstone column and some 160 metres of strongly altered and structurally disrupted graphitic pelites in the basement. The graphitic pelites were also anomalous with respect to all of the pathfinder elements, including uranium.
West Maverick
-------------
Two holes tested the area to the west of the Main zone. ML-822 was an angle hole that overshot the targeted conductor, while ML-826 intersected on the hanging wall side of its target. ML-826 did intersect a broad zone of strongly altered and structurally disrupted graphitic pelites in the basement, as well as a geochemically anomalous upper sandstone column.
Maverick Northeast
------------------
Geochemical results have been received for four follow-up holes on the Maverick Northeast grid. ML-531 to 533 tested up dip of basement mineralization intersected in prior holes. All three returned geochemically anomalous, strongly altered and structurally disrupted sandstone columns. The best result was 0.239% U3O8 over 2.0 metres in ML-533.
ML-99 was collared 5 metres to the south of mineralized hole ML-527 and intersected a broad zone of low-grade mineralization (including 0.602% U3O8 over 0.5 metres) associated with strongly altered and sheared graphitic pelites in the basement. As in the Maverick Main zone, the uranium mineralization is accompanied by anomalous metal values, particularly nickel. The geochemistry and geology clearly suggest that the preferred follow-up target is to the north of ML-527.
Nutana Grid
-----------
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 three additional holes (ML-828 to 830) from this area, all of which targeted the southern end of the eastern conductor.
ML-828 intersected on the hanging wall side of its target, cutting sheared graphitic pelites 100 metres beneath the unconformity. Anomalous levels of pathfinder elements are associated with basement structures in this hole. ML-830 was also a hanging wall hole, but much closer to the optimum target. The sheared graphitic pelites are only a few metres below the unconformity, and also contain anomalous levels of pathfinder elements. ML-829 was the southernmost hole on the eastern conductor. In this hole, the unconformity was intersected some 20 metres deeper than projected, suggesting a significant structural offset is present. Major structures are important, as they can act as both conduits and traps for mineralizing fluids.
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
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
09:15 EST Wednesday, December 21, 2005
TSXV:JNN
Website: www.jnrresources.com
SASKATOON, Dec. 21 /CNW/ - JNR Resources Inc. (TSXV:JNN) and International Uranium Corporation (IUC); jointly the "Companies" continue to obtain high-grade results from holes testing the Maverick Main zone at the Moore Lake uranium project, located in the Athabasca Basin of Northern Saskatchewan. ML-100 returned 2% U3O8 over 7.75 metres, including 4.54% U3O8 and 3% nickel over 2.75 metres. ML-88 returned 0.66% U3O8 over 4.8 metres, including 1.58% U3O8 over 1.5 metres.
Uranium mineralization in the Maverick Main zone has now been intersected over a minimum strike length of 350 metres. This mineralized zone is one of three; the other two being the newly discovered 527 and 525 zones (Nov. 29 News Release) that occur over a 1.7-kilometre length of the minimum 6.5-kilometre long Maverick structural corridor. Over 50% of this corridor has yet to be drill tested.
Complete geochemical results have been received for the remaining 13 diamond drill holes (ML-88, 98-100, 531-533, 822 and 826-830) from the 2005 summer program. These holes tested the Maverick Main zone as well as targets on the Maverick Northeast, Nutana and West Maverick grids.
The Companies have approved a 2006 winter exploration program that will consist of line cutting, ground geophysics and a minimum of 15,000 metres of diamond drilling utilizing three drill rigs. The drilling program is scheduled to begin the first week of January.
Details of the results from all 13 holes are presented below.
Maverick Main Zone
-------------------
Geochemical results have been received for an additional four holes. ML-100 and 88 were follow-up holes on the Main zone, while ML-98 and 827 tested this zone at its western end where two conductors are apparent.
ML-100 intersected 2% U3O8 over 7.75 metres, including 4.54% U3O8 and 3% nickel over 2.75 metres. This mineralization is largely sandstone-hosted and occurs as disseminated pitchblende in the matrix and in veinlets. ML-88 was collared five metres south of mineralized hole ML-55 and returned 0.66% U3O8 over 4.8 metres, including 1.58% U3O8 over 1.5 metres.
ML-98 tested an east-west trending splay off the main conductor and intersected a geochemically anomalous, strongly altered and structurally disrupted sandstone column with low-grade uranium mineralization (0.14% U3O8 over 5.0 metres) about the unconformity. ML-827 was drilled on section with ML-98 but tested the main west-southwest trending conductor. This hole intersected a geochemically anomalous and altered sandstone column and some 160 metres of strongly altered and structurally disrupted graphitic pelites in the basement. The graphitic pelites were also anomalous with respect to all of the pathfinder elements, including uranium.
West Maverick
-------------
Two holes tested the area to the west of the Main zone. ML-822 was an angle hole that overshot the targeted conductor, while ML-826 intersected on the hanging wall side of its target. ML-826 did intersect a broad zone of strongly altered and structurally disrupted graphitic pelites in the basement, as well as a geochemically anomalous upper sandstone column.
Maverick Northeast
------------------
Geochemical results have been received for four follow-up holes on the Maverick Northeast grid. ML-531 to 533 tested up dip of basement mineralization intersected in prior holes. All three returned geochemically anomalous, strongly altered and structurally disrupted sandstone columns. The best result was 0.239% U3O8 over 2.0 metres in ML-533.
ML-99 was collared 5 metres to the south of mineralized hole ML-527 and intersected a broad zone of low-grade mineralization (including 0.602% U3O8 over 0.5 metres) associated with strongly altered and sheared graphitic pelites in the basement. As in the Maverick Main zone, the uranium mineralization is accompanied by anomalous metal values, particularly nickel. The geochemistry and geology clearly suggest that the preferred follow-up target is to the north of ML-527.
Nutana Grid
-----------
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 three additional holes (ML-828 to 830) from this area, all of which targeted the southern end of the eastern conductor.
ML-828 intersected on the hanging wall side of its target, cutting sheared graphitic pelites 100 metres beneath the unconformity. Anomalous levels of pathfinder elements are associated with basement structures in this hole. ML-830 was also a hanging wall hole, but much closer to the optimum target. The sheared graphitic pelites are only a few metres below the unconformity, and also contain anomalous levels of pathfinder elements. ML-829 was the southernmost hole on the eastern conductor. In this hole, the unconformity was intersected some 20 metres deeper than projected, suggesting a significant structural offset is present. Major structures are important, as they can act as both conduits and traps for mineralizing fluids.
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
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
