Post by Franko10 ™ on Mar 29, 2006 13:41:09 GMT -5
News Releases - Wednesday, March 29, 2006
JNR Announces Uranium Results From '527' & '525' Zones, Moore Lake Project
Saskatoon, SK, March 29, 2006 - JNR Resources Inc. (TSXV:JNN) and
International Uranium Corporation (IUC); jointly the "Companies" are
pleased to announce the initial results from the ongoing winter diamond
drilling program at the Moore Lake uranium project, located in the
Athabasca Basin of Northern Saskatchewan.
Results to date are from the '527' and '525' zones, two recently
discovered uranium mineralized zones along trend with the Maverick
zone. Highlights from the '527' zone include ML-101 which returned an
assay of 1.53% U3O8 over 6.6 metres, including 2.22% U3O8 over 4.0
metres. ML-106 returned an assay of 0.402% U3O8 over 4.5 metres,
including 1.06% U3O8 over 1.5 metres.
The results from the '527' zone are very encouraging. ML-101 represents
a significant upgrade from the discovery hole. Geologically and
geochemically, the area is analogous to that of the Maverick Main Lens.
Of particular similarity are the high metal contents (nickel, copper,
lead, zinc, cobalt and vanadium) that are associated with the
mineralization.
The '525' zone was also tested by three holes, two of which intersected
on the hanging wall side of the target, while the third intersected
low-grade basement mineralization. Details of the results from these
initial nine holes (ML-101 to 109) are presented below.
The '527' and '525' zones occur along the east-northeast trending
Maverick structural corridor, which extends over a minimum strike
length of 6.5 kilometres. More than 50% of the corridor has yet to be
drill tested. The current program is a first-pass follow-up to last
season's drilling, and plans for a more extensive program this summer
are underway.
A total of 28 holes comprising 10,210 metres have been drilled to date
and three drills are currently operating. In addition to the '527' and
'525' zones, targets on the Nutana, West Venice, Venice, Rarotonga and
Avalon grids have also been drilled. Additional results will be
released once they have been received and interpreted.
'527' Zone
The '527' zone occurs approximately 450 metres to the northeast of the
Maverick Main Lens. The discovery hole, ML-527, returned a grade
equivalent of 0.41% U3O8 over 6.6 metres, including a 1.0 metre
intercept of 1.1% eU3O8. The six holes reported herein represent a
first-pass follow-up in this area. It should be noted that in intervals
with very poor core recovery, results are reported as eU3O8 (grade
equivalents) calculated from a calibrated down-hole radiometric probe.
ML-101 was collared 5 metres to the north of ML-527 and intersected
largely basement-hosted uranium mineralization that assayed 1.53% U3O8
over 6.6 metres, including 2.22% U3O8 over 4.0 metres. ML-104, collared
5 metres to the north of ML-101, returned a grade equivalent of 0.09%
U3O8 over 3.5 metres from the basal sandstone column just above the
unconformity.
ML-106 intersected uranium mineralization (0.402% U3O8 over 4.5 metres
including 1.06% U3O8 over 1.5 metres) in sheared and altered graphitic
pelites several metres into the basement. This hole was collared along
the Maverick corridor 25 metres to the west of section ML-101/527.
ML-102, collared 5 metres to the north of ML-106, returned an assay of
0.225% U3O8 over 1.25 metres.
ML-105 was collared within the Maverick corridor 25 metres east of
section ML-101/527. It returned a grade equivalent of 0.24% U3O8 over
3.7 metres, including 0.64% eU3O8 over 0.60 metres and a 3.0-metre
interval that assayed 1.24% nickel. This was also a basement-hosted
intersection and is associated with clay altered graphitic pelites.
ML-103, collared 10 metres to the south of ML-105, returned an assay of
0.295% U3O8 over 1.0 metre.
'525 Zone
The '525' zone occurs approximately 1,400 metres to the northeast of
the Maverick Main Lens. The discovery hole, ML-525, returned an assay
of 0.226% U3O8 from a 4.5-metre interval of sandstone immediately above
the unconformity. The three holes reported on herein represent a first
pass follow-up in this area.
ML-107 was collared 5 metres to the north of ML-525. This hole
intersected a strongly altered, dravitic basal sandstone column,
enriched in uranium and key pathfinder elements such as boron, lead,
nickel and arsenic. The initial 35 metres of basement rocks were
largely altered graphitic pelites. A 3.0-metre interval near the base
of this unit assayed 0.052% U3O8. This interval correlates well with a
low-grade intersection (0.129% U3O8 over 1.0 metre) at the base of the
graphitic pelites in ML-525.
ML-108 and -109 were collared along the Maverick corridor 50 metres
east and west of ML-525 respectively. Both holes intersected the
hanging wall side of the target. Although they did not intersect
appreciable uranium mineralization, both holes intersected an illitic
basal sandstone column enriched in uranium and boron, as well as
multiple graphitic pelite horizons enriched in uranium (up to 500 ppm)
and other metals.
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.
Samples were analysed at the Saskatchewan Research Council Laboratory
in Saskatoon. 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
For further information contact JNR Resources at 306.382.2211 or
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) 2006 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 Mar 29, 2006 at 8:39:09 AM Pacific Time
JNR Announces Uranium Results From '527' & '525' Zones, Moore Lake Project
Saskatoon, SK, March 29, 2006 - JNR Resources Inc. (TSXV:JNN) and
International Uranium Corporation (IUC); jointly the "Companies" are
pleased to announce the initial results from the ongoing winter diamond
drilling program at the Moore Lake uranium project, located in the
Athabasca Basin of Northern Saskatchewan.
Results to date are from the '527' and '525' zones, two recently
discovered uranium mineralized zones along trend with the Maverick
zone. Highlights from the '527' zone include ML-101 which returned an
assay of 1.53% U3O8 over 6.6 metres, including 2.22% U3O8 over 4.0
metres. ML-106 returned an assay of 0.402% U3O8 over 4.5 metres,
including 1.06% U3O8 over 1.5 metres.
The results from the '527' zone are very encouraging. ML-101 represents
a significant upgrade from the discovery hole. Geologically and
geochemically, the area is analogous to that of the Maverick Main Lens.
Of particular similarity are the high metal contents (nickel, copper,
lead, zinc, cobalt and vanadium) that are associated with the
mineralization.
The '525' zone was also tested by three holes, two of which intersected
on the hanging wall side of the target, while the third intersected
low-grade basement mineralization. Details of the results from these
initial nine holes (ML-101 to 109) are presented below.
The '527' and '525' zones occur along the east-northeast trending
Maverick structural corridor, which extends over a minimum strike
length of 6.5 kilometres. More than 50% of the corridor has yet to be
drill tested. The current program is a first-pass follow-up to last
season's drilling, and plans for a more extensive program this summer
are underway.
A total of 28 holes comprising 10,210 metres have been drilled to date
and three drills are currently operating. In addition to the '527' and
'525' zones, targets on the Nutana, West Venice, Venice, Rarotonga and
Avalon grids have also been drilled. Additional results will be
released once they have been received and interpreted.
'527' Zone
The '527' zone occurs approximately 450 metres to the northeast of the
Maverick Main Lens. The discovery hole, ML-527, returned a grade
equivalent of 0.41% U3O8 over 6.6 metres, including a 1.0 metre
intercept of 1.1% eU3O8. The six holes reported herein represent a
first-pass follow-up in this area. It should be noted that in intervals
with very poor core recovery, results are reported as eU3O8 (grade
equivalents) calculated from a calibrated down-hole radiometric probe.
ML-101 was collared 5 metres to the north of ML-527 and intersected
largely basement-hosted uranium mineralization that assayed 1.53% U3O8
over 6.6 metres, including 2.22% U3O8 over 4.0 metres. ML-104, collared
5 metres to the north of ML-101, returned a grade equivalent of 0.09%
U3O8 over 3.5 metres from the basal sandstone column just above the
unconformity.
ML-106 intersected uranium mineralization (0.402% U3O8 over 4.5 metres
including 1.06% U3O8 over 1.5 metres) in sheared and altered graphitic
pelites several metres into the basement. This hole was collared along
the Maverick corridor 25 metres to the west of section ML-101/527.
ML-102, collared 5 metres to the north of ML-106, returned an assay of
0.225% U3O8 over 1.25 metres.
ML-105 was collared within the Maverick corridor 25 metres east of
section ML-101/527. It returned a grade equivalent of 0.24% U3O8 over
3.7 metres, including 0.64% eU3O8 over 0.60 metres and a 3.0-metre
interval that assayed 1.24% nickel. This was also a basement-hosted
intersection and is associated with clay altered graphitic pelites.
ML-103, collared 10 metres to the south of ML-105, returned an assay of
0.295% U3O8 over 1.0 metre.
'525 Zone
The '525' zone occurs approximately 1,400 metres to the northeast of
the Maverick Main Lens. The discovery hole, ML-525, returned an assay
of 0.226% U3O8 from a 4.5-metre interval of sandstone immediately above
the unconformity. The three holes reported on herein represent a first
pass follow-up in this area.
ML-107 was collared 5 metres to the north of ML-525. This hole
intersected a strongly altered, dravitic basal sandstone column,
enriched in uranium and key pathfinder elements such as boron, lead,
nickel and arsenic. The initial 35 metres of basement rocks were
largely altered graphitic pelites. A 3.0-metre interval near the base
of this unit assayed 0.052% U3O8. This interval correlates well with a
low-grade intersection (0.129% U3O8 over 1.0 metre) at the base of the
graphitic pelites in ML-525.
ML-108 and -109 were collared along the Maverick corridor 50 metres
east and west of ML-525 respectively. Both holes intersected the
hanging wall side of the target. Although they did not intersect
appreciable uranium mineralization, both holes intersected an illitic
basal sandstone column enriched in uranium and boron, as well as
multiple graphitic pelite horizons enriched in uranium (up to 500 ppm)
and other metals.
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.
Samples were analysed at the Saskatchewan Research Council Laboratory
in Saskatoon. 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
For further information contact JNR Resources at 306.382.2211 or
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) 2006 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 Mar 29, 2006 at 8:39:09 AM Pacific Time