Post by Zoinkers on Jan 13, 2007 22:21:30 GMT -5
Press Release Source: JNR Resources Inc.
JNR Announces 2007 Winter Exploration Programs
Monday December 18, 9:00 am ET
TSXV:JNN Email: info(at)jnrresources.com Website: www.jnrresources.com
SASKATOON, Dec. 18 /CNW/ - JNR Resources Inc. (TSXV:JNN) and Denison Mines Corp. (TSX:DML - News); jointly the "Companies" have approved exploration programs on a number of jointly held uranium properties at meetings held in Saskatoon on December 7-8, 2006. These properties are all located in the Athabasca Basin of Northern Saskatchewan.
Key amongst these is the Moore Lake project, where uranium mineralization has been intersected in several distinct areas throughout the property, including high-grade mineralization within the 'Maverick zone'. The 2007 winter program is budgeted at $2.5 M and will consist of a minimum of 10,000 metres of diamond drilling and 110 kilometres of linecutting and ground geophysics on regional targets within the Moore Lake project. This program is scheduled to be underway by the second week of January 2007.
The Companies are still awaiting final results from the summer diamond drilling program that was completed in mid-October. It consisted of 38 holes totalling 14,317 metres. These results should be available early in the New Year.
The Companies also approved a $1.0 M exploration program for the Lazy Edward Bay project. The planned program includes 3,500 metres of diamond drilling focussing on the Tommy Davis Bay area, where a ground geophysical program completed this past summer identified three previously untested, north-northeast trending conductors. The 2007 program will also ground define and test EM conductors in the Lazy Edward Bay area. The Companies are still awaiting the results from a 1,800-line kilometre airborne EM and magnetic survey flown this past fall over the westernmost claims within this project.
A $500,000 exploration program was approved by the Companies on the Kelic Lake project, that will include 110 kilometres of linecutting and ground EM surveys over targets recently identified from a 975-line kilometre airborne EM and magnetic survey flown in the fall of 2005.
On the Bell Lake project, the Companies approved a $275,000 winter program that will consist of 100 kilometres of linecutting and ground EM and 200 kilometres of ground magnetics.
Interpretation of a 1,200-line kilometre airborne EM and magnetic survey flown over the South Dufferin project during the fall of 2005 is nearing completion. An exploration program for 2007 will be outlined once this work is finalized.
On the Pendleton Lake project, the Companies approved a $425,000 program consisting of 75 kilometres of linecutting and ground geophysics over two extensive conductor trends identified by an airborne EM and magnetic survey flown in 2004. This will be followed up with a 1,200-metre diamond drilling program during the summer of 2007.
The Companies also approved a $200,000 program to carry out airborne resistivity and magnetic surveys over the South Cigar and North Wedge projects during the spring of 2007.
The properties discussed herein are either Joint Ventures with, or under option to, Denison Mines Corp. For more information, visit the Company's website at www.jnrresources.com.
Richard T. Kusmirski, PGeo, and David L. Billard, PGeo, are the Company's qualified persons responsible for the technical data presented in this release.
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
JNR at (306) 382-2211 or (877) 567-6463, info@jnrresources.com
JNR Announces 2007 Winter Exploration Programs
Monday December 18, 9:00 am ET
TSXV:JNN Email: info(at)jnrresources.com Website: www.jnrresources.com
SASKATOON, Dec. 18 /CNW/ - JNR Resources Inc. (TSXV:JNN) and Denison Mines Corp. (TSX:DML - News); jointly the "Companies" have approved exploration programs on a number of jointly held uranium properties at meetings held in Saskatoon on December 7-8, 2006. These properties are all located in the Athabasca Basin of Northern Saskatchewan.
Key amongst these is the Moore Lake project, where uranium mineralization has been intersected in several distinct areas throughout the property, including high-grade mineralization within the 'Maverick zone'. The 2007 winter program is budgeted at $2.5 M and will consist of a minimum of 10,000 metres of diamond drilling and 110 kilometres of linecutting and ground geophysics on regional targets within the Moore Lake project. This program is scheduled to be underway by the second week of January 2007.
The Companies are still awaiting final results from the summer diamond drilling program that was completed in mid-October. It consisted of 38 holes totalling 14,317 metres. These results should be available early in the New Year.
The Companies also approved a $1.0 M exploration program for the Lazy Edward Bay project. The planned program includes 3,500 metres of diamond drilling focussing on the Tommy Davis Bay area, where a ground geophysical program completed this past summer identified three previously untested, north-northeast trending conductors. The 2007 program will also ground define and test EM conductors in the Lazy Edward Bay area. The Companies are still awaiting the results from a 1,800-line kilometre airborne EM and magnetic survey flown this past fall over the westernmost claims within this project.
A $500,000 exploration program was approved by the Companies on the Kelic Lake project, that will include 110 kilometres of linecutting and ground EM surveys over targets recently identified from a 975-line kilometre airborne EM and magnetic survey flown in the fall of 2005.
On the Bell Lake project, the Companies approved a $275,000 winter program that will consist of 100 kilometres of linecutting and ground EM and 200 kilometres of ground magnetics.
Interpretation of a 1,200-line kilometre airborne EM and magnetic survey flown over the South Dufferin project during the fall of 2005 is nearing completion. An exploration program for 2007 will be outlined once this work is finalized.
On the Pendleton Lake project, the Companies approved a $425,000 program consisting of 75 kilometres of linecutting and ground geophysics over two extensive conductor trends identified by an airborne EM and magnetic survey flown in 2004. This will be followed up with a 1,200-metre diamond drilling program during the summer of 2007.
The Companies also approved a $200,000 program to carry out airborne resistivity and magnetic surveys over the South Cigar and North Wedge projects during the spring of 2007.
The properties discussed herein are either Joint Ventures with, or under option to, Denison Mines Corp. For more information, visit the Company's website at www.jnrresources.com.
Richard T. Kusmirski, PGeo, and David L. Billard, PGeo, are the Company's qualified persons responsible for the technical data presented in this release.
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
JNR at (306) 382-2211 or (877) 567-6463, info@jnrresources.com