Post by Zoinkers on Mar 1, 2007 4:30:44 GMT -5
Press Release Source: JNR Resources Inc.
JNR Reports More High-Grade Uranium Results at Moore Lake
Friday February 23, 9:15 am ET
TSXV:JNN Email: info(at)jnrresources.com Website: www.jnrresources.com
SASKATOON, Feb. 23 /CNW/ - JNR Resources Inc. (TSXV:JNN) and Denison Mines Corp. (TSX:DML - News) jointly the "Companies" are pleased to announce the results from the 2006 summer/fall diamond drilling program on the Moore Lake uranium project located in the Athabasca Basin of northern Saskatchewan. The program consisted of 38 holes totalling 14,317 metres. The Moore Lake project is a joint venture between the two companies, with participating interests of 25% (JNR) and 75% (Denison).
The Companies are pleased with the results, which continue to outline uranium mineralization in the Maverick Main zone and demonstrate the highly prospective nature of the 6.5-kilometre long Maverick structural corridor, over 50% of which has yet to be drill tested, and the Avalon conductive zone. Significant assay results are presented in Table 1.
Infill drilling on the Maverick Main zone intersected uranium mineralization in all six holes, with high-grade intersections in three of them. ML-140 returned 3.20% U3O8 over 6.5 metres including a 3.5-metre intercept of 5.25% U3O8, 2.1% nickel and 0.65% cobalt. ML-139 returned 1.23% U3O8 over 8.5 metres, including a 1.5-metre intercept of 4.20% U3O8. The mineralization in both of these holes occurs at the unconformity and in the basal sandstone. Also at the Maverick Main zone, ML-133 intersected two zones of mineralization. A high-grade zone at the unconformity returned 2.72% U3O8, 2.30% nickel and 0.905% cobalt over 5.0 metres, including a 2.0-metre intercept of 4.25% U3O8. ML-133 also intersected mineralization in the basement associated with clay-altered graphitic pelites, returning 0.611% U3O8 over 3.5 metres.
Uranium mineralization was intersected in all three holes that tested the '527' area, with the best result obtained from ML-136 returning 0.50% eU3O8 over 7.0 metres.
Significant results were obtained from several holes that tested the minimum 4.0-kilometre long conductive zone on the Avalon grid. Of particular interest was ML-850, which represents the first-pass drilling of a 1.0-kilometre segment of the zone. It intersected a broad 25-metre zone of highly anomalous radioactivity located well beneath the unconformity.
Extensive structural disruption and/or anomalous geochemistry were intersected in the majority of holes that tested other target areas. Further details are presented below. A full evaluation of all of these zones will be undertaken, and follow up drilling is planned on a number of highly prospective targets.
The 2007 winter exploration program is well underway. It will consist of a planned minimum of 10,000 metres of diamond drilling and 110 kilometres of linecutting and ground geophysics. A property-wide airborne resistivity and magnetic survey will also be carried out. Two drills are currently operating, and in light of the substantial freeze this winter, they will focus on muskeg and lake covered targets in the West Venice, Venice, Volhoffer, Puka Puka and West Maverick areas. The JV has budgeted a total of $5 million for exploration in 2007.
It should be noted that depths to the unconformity along the Maverick structural corridor are relatively shallow at 270 to 275 metres. In the Avalon area they are on the order of 320 to 330 metres. The shallowest unconformity depths on the property (~200 metres) are on the Rarotonga grid.
Table 1. Moore Lake Summer/Fall 2006 Program -
Significant Drilling Results
-------------------------------------------------------------------------
Grid Hole No. Dip UTM E UTM N Elev. U/C Hole
(m) Depth Depth
(m) (m)
-------------------------------------------------------------------------
Maverick ML-133 -90 491943 6363730 503.0 268.1 353.0
Main
ML-135 -90 491952 6363731 503.0 269.9 347.0
ML-137 -90 491962 6363734 503.0 270.1 347.0
ML-139 -90 491992 6363747 503.0 272.7 372.0
ML-139
ML-140 -90 491977 6363743 502.0 267.1 349.1
ML-141 -90 491945 6363731 503.0 269.3 351.0
-------------------------------------------------------------------------
527 ML-132 -90 492436 6363949 510.0 278.0 325.3
Zone
ML-134 -90 492416 6363934 510.0 279.2 329.0
ML-136 -90 492434 6363954 510.0 275.3 326.0
-------------------------------------------------------------------------
Maverick ML-124 -90 492604 6364032 512.0 281.5 339.5
NE
ML-128 -90 492520 6363982 512.0 284.0 358.0
-------------------------------------------------------------------------
Avalon ML-850 -90 495851 6371093 500.0 313.6 431.0
-------------------------------------------------------------------------
-------------------------------------------------------------------------
Grid Hole No. From To Interval % % % %
(m) (m) (m) eU3O8 U3O8 Ni Co
-------------------------------------------------------------------------
Maverick ML-133 266.0 271.0 5.0 2.72 2.3 0.905
Main 269.0 271.0 2.0 4.25
280.0 283.5 3.5 0.611
ML-135 263.5 267.5 4.0 0.822 1.37 0.68
263.5 265.0 1.5 1.3
273.0 275.5 2.5 0.217
273.0 273.5 0.5 0.625
ML-137 273.0 275.0 2.0 0.086
ML-139 264.5 273.0 8.5 1.23
ML-139 270.0 271.5 1.5 4.2
ML-140 262.9 269.4 6.5 3.2
265.4 268.9 3.5 5.25 2.1 0.65
ML-141 278.5 280.0 1.5 0.671
-------------------------------------------------------------------------
527 ML-132 277.5 279.7 2.2 0.156
Zone 284.1 286.4 2.3 0.37
ML-134 283.5 288.0 4.5 0.106
284.5 285.0 0.5 0.551
ML-136 275.1 282.1 7.0 0.5
-------------------------------------------------------------------------
Maverick ML-124 281.75 286.4 4.65 0.033
NE 291.5 292.0 0.5 0.411
ML-128 288.0 290.5 2.5 0.109
-------------------------------------------------------------------------
Avalon ML-850 351.0 354.0 3.0 0.088
371.0 371.5 0.5 0.057
380.5 383.0 2.5 0.059
-------------------------------------------------------------------------
Full Description 2006 Summer/Fall Drill Program
Maverick Main Zone
------------------
Six holes were drilled to complete sections and to fill in gaps on the Main lens of the Maverick zone. All six holes intersected uranium mineralization with high-grade in three of them.
ML-140 returned 3.20% U3O8 over 6.5 metres, including a 3.5 metre intercept of 5.25% U3O8, 2.1% nickel and 0.65% cobalt. ML-139 returned 1.23% U3O8, over 8.5 metres, including a 1.5 metre intercept of 4.20% U3O8. The mineralization in both of these holes occurs at the unconformity and in the basal sandstone.
ML-133 intersected two zones of mineralization. A high-grade zone at the unconformity returned 2.72% U3O8, 2.30% nickel and 0.905% cobalt over 5.0 metres, including a 2.0-metre intercept of 4.25% U3O8. ML-133 also intersected mineralization in the basement associated with clay-altered graphitic pelites, returning 0.611% U3O8 over 3.5 metres.
ML-135 intersected two zones of mineralization. A 4.0-metre interval in the basal sandstone assayed 0.822% U3O8, 1.37% nickel and 0.68% cobalt, including a 1.5-metre intercept of 1.30% U3O8. A 2.5-metre interval associated with graphitic pelites just below the unconformity assayed 0.217% U3O8 over 2.5 metres, including a 0.5-metre intercept of 0.625% U3O8.
Although ML-141 and -137 both deviated to the south of their intended pierce points, they did intersect narrow zones of mineralization within basement graphitic pelites. ML-141 returned 0.671% U3O8 over 1.5 metres while ML-137 returned 0.086% U3O8 over 2.0 metres.
'527' Zone
----------
Time constraints allowed for the drilling of only three holes on the '527' zone. ML-136 and -132 were drilled on section, testing for a northeast extension to the mineralization intersected in discovery holes ML-527 and -101.
The better results were from the northernmost hole, ML-136, which returned 0.50% eU3O8 over 7.0 metres. This intersection occurred in the basal sandstone and underlying graphitic pelites. ML-132 intersected two low-grade zones of mineralization. A 2.2-metre intercept straddling the unconformity returned 0.156% eU3O8, while a 2.3-metre intercept within the basement graphitic pelites returned 0.37% eU3O8.
ML-134, which tested for a southwest extension to the mineralization intersected in ML-527 and -101, returned 4.5 metres of 0.106% U3O8 associated with clay-altered graphitic pelites. This included a 0.5-metre interval of 0.551% U3O8.
Maverick Northeast
------------------
Nine holes were drilled in this area as part of the ongoing systematic testing of the Maverick structural corridor and follow-up to previously completed holes.
ML-138 and -128 were drilled on section and 100 metres to the northeast of the '527' zone. Both holes were drilled in the hanging wall and intersected a structurally disrupted and strongly altered basal sandstone column, overlying clay-altered and sheared basement containing multiple zones of graphitic pelites. These graphitic rocks exhibit anomalous radioactivity and returned significant enrichment in all of the pathfinder elements. The best result was from a 2.5-metre interval in ML-128 that returned 0.109% U3O8. ML-127 which was collared a further 50 metres to the northeast was also a hanging wall hole and was geologically and geochemically analogous to ML-138 and -128.
ML-131 and -124 were drilled 50 metres to the northeast of ML-127 and on section with ML-40. ML-124 was drilled in the hanging wall and intersected a strongly altered basal sandstone column. The initial several metres of basement rocks are anomalously radioactive and locally metal-enriched, clay-altered granites, followed by sheared graphitic pelites. A 0.5-metre interval from the latter returned 0.411% U3O8. ML-131 intersected a strongly altered basal sandstone column and hematized granitic basement rocks.
ML-125 and -126 were progressive 50-metre step outs to the northeast of section ML-131, -124, -40. Both holes intersected on the hanging wall side of the target in a strongly altered basal sandstone column. The initial 60 to 70 metres of basement consisted of strongly clay-altered and structurally disrupted granites and graphitic pelites, commonly enriched in the key pathfinder elements.
ML-130 and -129 were drilled on section with, and north and south, of ML-512 and -75 respectively. Although both holes were geologically and geochemically anomalous, neither intersected significant uranium mineralization.
Esker
-----
The Esker grid covers an interpreted north-northwest trending shear zone that occurs at the northeast end of the currently known limits of the Maverick structural corridor, some 3.0 kilometres to the northeast of the Maverick Main lens. Prior drilling in this area by previous operators intersected geochemically anomalous and structurally disrupted sandstone and basement rocks in a number of holes, as well as pitchblende mineralization (3070 ppm U/0.25 m) accompanied by significant metal enrichment in the basement of MT-5. Three holes were drilled during the recent program, all of which met with encouraging results.
ML-535 was lost in a major sandstone structure at 206 metres. The entire sandstone column was strongly altered and structurally disrupted.
ML-536 was drilled in the hanging wall. It intersected a strongly altered basal sandstone column with weak uranium enrichment. The basement rocks are largely orthogneiss and locally enriched in uranium (up to 140 ppm/0.5 m). Of note is a 45-metre wide graphitic unit that was intersected some 90 metres below the unconformity.
ML-537 was also a hanging wall hole that intersected strong uranium enrichment and illite alteration in the basal 50 metres of the sandstone column. This hole intersected a 35-metre wide sheared graphitic pelite beginning some 20 metres into the basement, which was also enriched in some of the key pathfinder elements.
West Maverick
-------------
Five holes (ML-118 to -121 and -534) were drilled on section with ML-05 and -10, some 250 metres to the west of the Maverick Main lens. They were drilled at 10-metre step outs to test for both western and northwestern extensions to the mineralizing and conductive system, and to provide geological information in this crucial area.
All five intersected a structurally disrupted and strongly altered sandstone column that was geochemically highly anomalous. Uranium and boron values are commonly well above background and the clay type is a mix of illite and dravite. The anomalous system, particularly with respect to uranium, increases in intensity to the south suggesting a possible source in this direction. The sandstone column in the southernmost hole, ML-534, contains up to 7.5 ppm uranium.
The basement rocks in these holes are also altered and commonly structurally disrupted. They contain multiple graphitic horizons that are enriched in uranium and a number of key pathfinder elements including; nickel, cobalt, vanadium, boron, copper, lead and bismuth.
Avalon
------
Eight holes were drilled in this area testing a minimum 4.0-kilometre long, north-northeast trending conductive zone that is transected by an east-west structural corridor in its central portion. These holes represented both a first-pass test of large segments of the target and follow-up to encouraging results from previous drilling.
The most encouraging results were from ML-850 and -853, which were drilled on section and collared on a 1.0-kilometre long, previously untested segment of the conductive zone. ML-850 intersected a broad zone of highly anomalous radioactivity associated with altered and sheared graphitic pelites that occur from 35 to 60 metres below the unconformity. Individual mineralized zones assayed 0.088% U3O8 over 3.0 metres, 0.057% U3O8 over 0.5 metres and 0.059% U3O8 over 2.5 metres. A number of additional samples returned on the order of 100 to 300 ppm uranium over 0.5 metres. Associated with this mineralization is a significant enrichment in all of the major pathfinder elements. Also of note is that pegmatites intersected below the mineralized graphitic pelites are also enriched in uranium (up to 250 ppm/0.5m).
ML-853 intersected a 20-metre wide zone of anomalous radioactivity beginning some 35 metres below the unconformity, and a 15-metre wide zone beginning some 75 metres into the basement. Both are associated with brittlely fractured and altered pegmatites. The upper zone returned up to 375 ppm uranium over 0.5 metres, while the lower zone returned up to 105 ppm uranium over 0.5 metres.
ML-852 was collared 600 metres to the south of section ML-853 and -850. It was drilled in the hanging wall and intersected an illitic basal sandstone column enriched in lead and graphitic pelites in the basement, returning anomalous vanadium, nickel and zinc values and up to 150 ppm uranium over 0.5 metres. ML-851, which was collared a further 400 metres to the south and on section with ML-709, intersected basement graphitic pelites that returned anomalous copper and lead values and up to 130 ppm uranium over 0.5 metres. Radioactive pegmatites that were intersected beneath the pelitic rocks returned up to 350 ppm uranium over 0.5 metres.
ML-846 to -849 were follow-up holes drilled in the central portion of the conductive zone. ML-846, -847 and -849 all exhibited similar geological and geochemical characteristics; a strongly altered and commonly illitic basal sandstone column enriched in uranium, and a basement that contains altered and sheared graphitic pelites locally enriched in uranium and pathfinder elements such as cobalt, nickel, vanadium and boron. ML-848 intersected a strongly altered and illitic basal sandstone column overlying a largely altered and sheared granitic basement. A 2.5-metre section of this unit is enriched in uranium (up to 100 ppm/0.5 m), vanadium, boron and lead.
Miscellaneous
-------------
ML-122 and -123 tested interpreted seismic structures on the West Maverick and Maverick grids, respectively. Both intersected well-defined basement structures but no significant mineralization. ML-123 did intersect altered graphitic pelites some 65 metres below the unconformity that were enriched in boron, vanadium and nickel.
ML-844 and -845 tested conductive targets in the Nutana and West Venice areas respectively. Both were drilled in the hanging wall, intersecting fractured and altered graphitic pelites enriched in uranium (up to 150 ppm), nickel, copper and vanadium, well below the unconformity.
Samples were analysed at the Saskatchewan Research Council Laboratory in Saskatoon. 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. All technical information for the Company's exploration projects is obtained and reported under a formal quality assurance and quality control program, details of which are presented on the Company's website at: www.jnrresources.com/i/pdf/JNR-QAQC.pdf. 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.
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
JNR Resources, at (306) 382-2211 or 1-877-567-6463
--------------------------------------------------------------------------------
Source: JNR Resources Inc.
JNR Reports More High-Grade Uranium Results at Moore Lake
Friday February 23, 9:15 am ET
TSXV:JNN Email: info(at)jnrresources.com Website: www.jnrresources.com
SASKATOON, Feb. 23 /CNW/ - JNR Resources Inc. (TSXV:JNN) and Denison Mines Corp. (TSX:DML - News) jointly the "Companies" are pleased to announce the results from the 2006 summer/fall diamond drilling program on the Moore Lake uranium project located in the Athabasca Basin of northern Saskatchewan. The program consisted of 38 holes totalling 14,317 metres. The Moore Lake project is a joint venture between the two companies, with participating interests of 25% (JNR) and 75% (Denison).
The Companies are pleased with the results, which continue to outline uranium mineralization in the Maverick Main zone and demonstrate the highly prospective nature of the 6.5-kilometre long Maverick structural corridor, over 50% of which has yet to be drill tested, and the Avalon conductive zone. Significant assay results are presented in Table 1.
Infill drilling on the Maverick Main zone intersected uranium mineralization in all six holes, with high-grade intersections in three of them. ML-140 returned 3.20% U3O8 over 6.5 metres including a 3.5-metre intercept of 5.25% U3O8, 2.1% nickel and 0.65% cobalt. ML-139 returned 1.23% U3O8 over 8.5 metres, including a 1.5-metre intercept of 4.20% U3O8. The mineralization in both of these holes occurs at the unconformity and in the basal sandstone. Also at the Maverick Main zone, ML-133 intersected two zones of mineralization. A high-grade zone at the unconformity returned 2.72% U3O8, 2.30% nickel and 0.905% cobalt over 5.0 metres, including a 2.0-metre intercept of 4.25% U3O8. ML-133 also intersected mineralization in the basement associated with clay-altered graphitic pelites, returning 0.611% U3O8 over 3.5 metres.
Uranium mineralization was intersected in all three holes that tested the '527' area, with the best result obtained from ML-136 returning 0.50% eU3O8 over 7.0 metres.
Significant results were obtained from several holes that tested the minimum 4.0-kilometre long conductive zone on the Avalon grid. Of particular interest was ML-850, which represents the first-pass drilling of a 1.0-kilometre segment of the zone. It intersected a broad 25-metre zone of highly anomalous radioactivity located well beneath the unconformity.
Extensive structural disruption and/or anomalous geochemistry were intersected in the majority of holes that tested other target areas. Further details are presented below. A full evaluation of all of these zones will be undertaken, and follow up drilling is planned on a number of highly prospective targets.
The 2007 winter exploration program is well underway. It will consist of a planned minimum of 10,000 metres of diamond drilling and 110 kilometres of linecutting and ground geophysics. A property-wide airborne resistivity and magnetic survey will also be carried out. Two drills are currently operating, and in light of the substantial freeze this winter, they will focus on muskeg and lake covered targets in the West Venice, Venice, Volhoffer, Puka Puka and West Maverick areas. The JV has budgeted a total of $5 million for exploration in 2007.
It should be noted that depths to the unconformity along the Maverick structural corridor are relatively shallow at 270 to 275 metres. In the Avalon area they are on the order of 320 to 330 metres. The shallowest unconformity depths on the property (~200 metres) are on the Rarotonga grid.
Table 1. Moore Lake Summer/Fall 2006 Program -
Significant Drilling Results
-------------------------------------------------------------------------
Grid Hole No. Dip UTM E UTM N Elev. U/C Hole
(m) Depth Depth
(m) (m)
-------------------------------------------------------------------------
Maverick ML-133 -90 491943 6363730 503.0 268.1 353.0
Main
ML-135 -90 491952 6363731 503.0 269.9 347.0
ML-137 -90 491962 6363734 503.0 270.1 347.0
ML-139 -90 491992 6363747 503.0 272.7 372.0
ML-139
ML-140 -90 491977 6363743 502.0 267.1 349.1
ML-141 -90 491945 6363731 503.0 269.3 351.0
-------------------------------------------------------------------------
527 ML-132 -90 492436 6363949 510.0 278.0 325.3
Zone
ML-134 -90 492416 6363934 510.0 279.2 329.0
ML-136 -90 492434 6363954 510.0 275.3 326.0
-------------------------------------------------------------------------
Maverick ML-124 -90 492604 6364032 512.0 281.5 339.5
NE
ML-128 -90 492520 6363982 512.0 284.0 358.0
-------------------------------------------------------------------------
Avalon ML-850 -90 495851 6371093 500.0 313.6 431.0
-------------------------------------------------------------------------
-------------------------------------------------------------------------
Grid Hole No. From To Interval % % % %
(m) (m) (m) eU3O8 U3O8 Ni Co
-------------------------------------------------------------------------
Maverick ML-133 266.0 271.0 5.0 2.72 2.3 0.905
Main 269.0 271.0 2.0 4.25
280.0 283.5 3.5 0.611
ML-135 263.5 267.5 4.0 0.822 1.37 0.68
263.5 265.0 1.5 1.3
273.0 275.5 2.5 0.217
273.0 273.5 0.5 0.625
ML-137 273.0 275.0 2.0 0.086
ML-139 264.5 273.0 8.5 1.23
ML-139 270.0 271.5 1.5 4.2
ML-140 262.9 269.4 6.5 3.2
265.4 268.9 3.5 5.25 2.1 0.65
ML-141 278.5 280.0 1.5 0.671
-------------------------------------------------------------------------
527 ML-132 277.5 279.7 2.2 0.156
Zone 284.1 286.4 2.3 0.37
ML-134 283.5 288.0 4.5 0.106
284.5 285.0 0.5 0.551
ML-136 275.1 282.1 7.0 0.5
-------------------------------------------------------------------------
Maverick ML-124 281.75 286.4 4.65 0.033
NE 291.5 292.0 0.5 0.411
ML-128 288.0 290.5 2.5 0.109
-------------------------------------------------------------------------
Avalon ML-850 351.0 354.0 3.0 0.088
371.0 371.5 0.5 0.057
380.5 383.0 2.5 0.059
-------------------------------------------------------------------------
Full Description 2006 Summer/Fall Drill Program
Maverick Main Zone
------------------
Six holes were drilled to complete sections and to fill in gaps on the Main lens of the Maverick zone. All six holes intersected uranium mineralization with high-grade in three of them.
ML-140 returned 3.20% U3O8 over 6.5 metres, including a 3.5 metre intercept of 5.25% U3O8, 2.1% nickel and 0.65% cobalt. ML-139 returned 1.23% U3O8, over 8.5 metres, including a 1.5 metre intercept of 4.20% U3O8. The mineralization in both of these holes occurs at the unconformity and in the basal sandstone.
ML-133 intersected two zones of mineralization. A high-grade zone at the unconformity returned 2.72% U3O8, 2.30% nickel and 0.905% cobalt over 5.0 metres, including a 2.0-metre intercept of 4.25% U3O8. ML-133 also intersected mineralization in the basement associated with clay-altered graphitic pelites, returning 0.611% U3O8 over 3.5 metres.
ML-135 intersected two zones of mineralization. A 4.0-metre interval in the basal sandstone assayed 0.822% U3O8, 1.37% nickel and 0.68% cobalt, including a 1.5-metre intercept of 1.30% U3O8. A 2.5-metre interval associated with graphitic pelites just below the unconformity assayed 0.217% U3O8 over 2.5 metres, including a 0.5-metre intercept of 0.625% U3O8.
Although ML-141 and -137 both deviated to the south of their intended pierce points, they did intersect narrow zones of mineralization within basement graphitic pelites. ML-141 returned 0.671% U3O8 over 1.5 metres while ML-137 returned 0.086% U3O8 over 2.0 metres.
'527' Zone
----------
Time constraints allowed for the drilling of only three holes on the '527' zone. ML-136 and -132 were drilled on section, testing for a northeast extension to the mineralization intersected in discovery holes ML-527 and -101.
The better results were from the northernmost hole, ML-136, which returned 0.50% eU3O8 over 7.0 metres. This intersection occurred in the basal sandstone and underlying graphitic pelites. ML-132 intersected two low-grade zones of mineralization. A 2.2-metre intercept straddling the unconformity returned 0.156% eU3O8, while a 2.3-metre intercept within the basement graphitic pelites returned 0.37% eU3O8.
ML-134, which tested for a southwest extension to the mineralization intersected in ML-527 and -101, returned 4.5 metres of 0.106% U3O8 associated with clay-altered graphitic pelites. This included a 0.5-metre interval of 0.551% U3O8.
Maverick Northeast
------------------
Nine holes were drilled in this area as part of the ongoing systematic testing of the Maverick structural corridor and follow-up to previously completed holes.
ML-138 and -128 were drilled on section and 100 metres to the northeast of the '527' zone. Both holes were drilled in the hanging wall and intersected a structurally disrupted and strongly altered basal sandstone column, overlying clay-altered and sheared basement containing multiple zones of graphitic pelites. These graphitic rocks exhibit anomalous radioactivity and returned significant enrichment in all of the pathfinder elements. The best result was from a 2.5-metre interval in ML-128 that returned 0.109% U3O8. ML-127 which was collared a further 50 metres to the northeast was also a hanging wall hole and was geologically and geochemically analogous to ML-138 and -128.
ML-131 and -124 were drilled 50 metres to the northeast of ML-127 and on section with ML-40. ML-124 was drilled in the hanging wall and intersected a strongly altered basal sandstone column. The initial several metres of basement rocks are anomalously radioactive and locally metal-enriched, clay-altered granites, followed by sheared graphitic pelites. A 0.5-metre interval from the latter returned 0.411% U3O8. ML-131 intersected a strongly altered basal sandstone column and hematized granitic basement rocks.
ML-125 and -126 were progressive 50-metre step outs to the northeast of section ML-131, -124, -40. Both holes intersected on the hanging wall side of the target in a strongly altered basal sandstone column. The initial 60 to 70 metres of basement consisted of strongly clay-altered and structurally disrupted granites and graphitic pelites, commonly enriched in the key pathfinder elements.
ML-130 and -129 were drilled on section with, and north and south, of ML-512 and -75 respectively. Although both holes were geologically and geochemically anomalous, neither intersected significant uranium mineralization.
Esker
-----
The Esker grid covers an interpreted north-northwest trending shear zone that occurs at the northeast end of the currently known limits of the Maverick structural corridor, some 3.0 kilometres to the northeast of the Maverick Main lens. Prior drilling in this area by previous operators intersected geochemically anomalous and structurally disrupted sandstone and basement rocks in a number of holes, as well as pitchblende mineralization (3070 ppm U/0.25 m) accompanied by significant metal enrichment in the basement of MT-5. Three holes were drilled during the recent program, all of which met with encouraging results.
ML-535 was lost in a major sandstone structure at 206 metres. The entire sandstone column was strongly altered and structurally disrupted.
ML-536 was drilled in the hanging wall. It intersected a strongly altered basal sandstone column with weak uranium enrichment. The basement rocks are largely orthogneiss and locally enriched in uranium (up to 140 ppm/0.5 m). Of note is a 45-metre wide graphitic unit that was intersected some 90 metres below the unconformity.
ML-537 was also a hanging wall hole that intersected strong uranium enrichment and illite alteration in the basal 50 metres of the sandstone column. This hole intersected a 35-metre wide sheared graphitic pelite beginning some 20 metres into the basement, which was also enriched in some of the key pathfinder elements.
West Maverick
-------------
Five holes (ML-118 to -121 and -534) were drilled on section with ML-05 and -10, some 250 metres to the west of the Maverick Main lens. They were drilled at 10-metre step outs to test for both western and northwestern extensions to the mineralizing and conductive system, and to provide geological information in this crucial area.
All five intersected a structurally disrupted and strongly altered sandstone column that was geochemically highly anomalous. Uranium and boron values are commonly well above background and the clay type is a mix of illite and dravite. The anomalous system, particularly with respect to uranium, increases in intensity to the south suggesting a possible source in this direction. The sandstone column in the southernmost hole, ML-534, contains up to 7.5 ppm uranium.
The basement rocks in these holes are also altered and commonly structurally disrupted. They contain multiple graphitic horizons that are enriched in uranium and a number of key pathfinder elements including; nickel, cobalt, vanadium, boron, copper, lead and bismuth.
Avalon
------
Eight holes were drilled in this area testing a minimum 4.0-kilometre long, north-northeast trending conductive zone that is transected by an east-west structural corridor in its central portion. These holes represented both a first-pass test of large segments of the target and follow-up to encouraging results from previous drilling.
The most encouraging results were from ML-850 and -853, which were drilled on section and collared on a 1.0-kilometre long, previously untested segment of the conductive zone. ML-850 intersected a broad zone of highly anomalous radioactivity associated with altered and sheared graphitic pelites that occur from 35 to 60 metres below the unconformity. Individual mineralized zones assayed 0.088% U3O8 over 3.0 metres, 0.057% U3O8 over 0.5 metres and 0.059% U3O8 over 2.5 metres. A number of additional samples returned on the order of 100 to 300 ppm uranium over 0.5 metres. Associated with this mineralization is a significant enrichment in all of the major pathfinder elements. Also of note is that pegmatites intersected below the mineralized graphitic pelites are also enriched in uranium (up to 250 ppm/0.5m).
ML-853 intersected a 20-metre wide zone of anomalous radioactivity beginning some 35 metres below the unconformity, and a 15-metre wide zone beginning some 75 metres into the basement. Both are associated with brittlely fractured and altered pegmatites. The upper zone returned up to 375 ppm uranium over 0.5 metres, while the lower zone returned up to 105 ppm uranium over 0.5 metres.
ML-852 was collared 600 metres to the south of section ML-853 and -850. It was drilled in the hanging wall and intersected an illitic basal sandstone column enriched in lead and graphitic pelites in the basement, returning anomalous vanadium, nickel and zinc values and up to 150 ppm uranium over 0.5 metres. ML-851, which was collared a further 400 metres to the south and on section with ML-709, intersected basement graphitic pelites that returned anomalous copper and lead values and up to 130 ppm uranium over 0.5 metres. Radioactive pegmatites that were intersected beneath the pelitic rocks returned up to 350 ppm uranium over 0.5 metres.
ML-846 to -849 were follow-up holes drilled in the central portion of the conductive zone. ML-846, -847 and -849 all exhibited similar geological and geochemical characteristics; a strongly altered and commonly illitic basal sandstone column enriched in uranium, and a basement that contains altered and sheared graphitic pelites locally enriched in uranium and pathfinder elements such as cobalt, nickel, vanadium and boron. ML-848 intersected a strongly altered and illitic basal sandstone column overlying a largely altered and sheared granitic basement. A 2.5-metre section of this unit is enriched in uranium (up to 100 ppm/0.5 m), vanadium, boron and lead.
Miscellaneous
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ML-122 and -123 tested interpreted seismic structures on the West Maverick and Maverick grids, respectively. Both intersected well-defined basement structures but no significant mineralization. ML-123 did intersect altered graphitic pelites some 65 metres below the unconformity that were enriched in boron, vanadium and nickel.
ML-844 and -845 tested conductive targets in the Nutana and West Venice areas respectively. Both were drilled in the hanging wall, intersecting fractured and altered graphitic pelites enriched in uranium (up to 150 ppm), nickel, copper and vanadium, well below the unconformity.
Samples were analysed at the Saskatchewan Research Council Laboratory in Saskatoon. 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. All technical information for the Company's exploration projects is obtained and reported under a formal quality assurance and quality control program, details of which are presented on the Company's website at: www.jnrresources.com/i/pdf/JNR-QAQC.pdf. 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.
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
JNR Resources, at (306) 382-2211 or 1-877-567-6463
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Source: JNR Resources Inc.