Owner
Post by Franko10 ™ on Feb 2, 2006 7:14:06 GMT -5
JNR Announces 15,000-metre Diamond Drilling Program Underway at Moore Lake
11:42 EST Wednesday, February 01, 2006
TSXV: JNN
Email: info@jnrresources.com
Website: www.jnrresources.com
SASKATOON, Feb. 1 /CNW/ - JNR Resources Inc. (TSXV: JNN) and International Uranium Corporation (IUC); jointly the "Companies" are pleased to announce that the 2006 winter exploration program is underway on the Moore Lake uranium project, located in the Athabasca Basin of Northern Saskatchewan.
The planned program will consist of 15,000 metres of drilling, along with approximately 100 kilometres of linecutting and ground EM surveys. Two drills are currently operating and a third will be within the next ten days. The drilling program will test targets on eleven separate grids located in the central and northern parts of the property.
Key among these is the east-northeast trending Maverick structural corridor, which extends over a minimum strike length of 6.5 kilometres. It contains three mineralized zones. The high grade Maverick 'Main' zone, which has an approximate strike length of 350 metres, and the newly discovered '527' and '525' zones (Nov. 29 News Release). The presence of multiple mineralized zones along a major structural corridor is common to uranium deposits in the Athabasca Basin. Also of note is that over 50% of the Maverick corridor has yet to be drill tested.
A second priority area is the 10-kilometre long and 500-metre wide Nutana-Venice structural corridor, which wraps around the western and northern boundaries of the Maverick granite. This corridor encompasses the Nutana, West-Venice and Venice grids, and is interpreted to be an extension of the conductive system associated with mineralization in the Maverick zone. The geochemical and geological signature obtained from reconnaissance holes that tested targets within this corridor in 2005 was very encouraging, in that a number of holes returned a significant enrichment in uranium and other key 'pathfinder' elements associated with multiple faulting and broad graphitic intercepts.
The program will also test a number of conductive targets on three grids; Volhoffer, Rarotonga and Avalon, that have seen little or no previous drilling. These grids are located in the northern part of the property that adjoins the southeast boundary of Cameco's McArthur River project.
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
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 JNR at (306) 382-2211 or 877-567-6463; info@jnrresources.com
11:42 EST Wednesday, February 01, 2006
TSXV: JNN
Email: info@jnrresources.com
Website: www.jnrresources.com
SASKATOON, Feb. 1 /CNW/ - JNR Resources Inc. (TSXV: JNN) and International Uranium Corporation (IUC); jointly the "Companies" are pleased to announce that the 2006 winter exploration program is underway on the Moore Lake uranium project, located in the Athabasca Basin of Northern Saskatchewan.
The planned program will consist of 15,000 metres of drilling, along with approximately 100 kilometres of linecutting and ground EM surveys. Two drills are currently operating and a third will be within the next ten days. The drilling program will test targets on eleven separate grids located in the central and northern parts of the property.
Key among these is the east-northeast trending Maverick structural corridor, which extends over a minimum strike length of 6.5 kilometres. It contains three mineralized zones. The high grade Maverick 'Main' zone, which has an approximate strike length of 350 metres, and the newly discovered '527' and '525' zones (Nov. 29 News Release). The presence of multiple mineralized zones along a major structural corridor is common to uranium deposits in the Athabasca Basin. Also of note is that over 50% of the Maverick corridor has yet to be drill tested.
A second priority area is the 10-kilometre long and 500-metre wide Nutana-Venice structural corridor, which wraps around the western and northern boundaries of the Maverick granite. This corridor encompasses the Nutana, West-Venice and Venice grids, and is interpreted to be an extension of the conductive system associated with mineralization in the Maverick zone. The geochemical and geological signature obtained from reconnaissance holes that tested targets within this corridor in 2005 was very encouraging, in that a number of holes returned a significant enrichment in uranium and other key 'pathfinder' elements associated with multiple faulting and broad graphitic intercepts.
The program will also test a number of conductive targets on three grids; Volhoffer, Rarotonga and Avalon, that have seen little or no previous drilling. These grids are located in the northern part of the property that adjoins the southeast boundary of Cameco's McArthur River project.
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
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 JNR at (306) 382-2211 or 877-567-6463; info@jnrresources.com
