JNR Announces Drilling Results at South Fork Uranium Project



    
    TSXV:JNN
    Email: info@jnrresources.com
    Website: www.jnrresources.com
    

    SASKATOON, Aug. 25 /CNW/ - JNR Resources Inc. (TSXV:JNN) has been advised
by project operator, Uranium Power Corp. (TSX.V:UPC) (jointly the "Companies")
that drilling has been completed on its South Fork uranium project in
southwest Saskatchewan. Two drill rigs were contracted from Layne Christensen
Drilling of Aurora, CO to complete this program, which consisted of 45 rotary
drill holes totaling 5,402 metres.
    The drilling program focused on the largest paleochannel in the Frenchman
and Ravenscrag Formations, as interpreted from a Fugro Tempest airborne EM
survey. These formations are believed to have the potential to host roll-front
style uranium mineralization, similar to that found in the prolific Powder
River Basin of Wyoming.
    Four of the drill holes intersected significant uranium mineralization in
sandstones of the Ravenscrag formation. The best intersection was obtained in
SF-1042 at 66.8 metres vertical depth, returning an average grade of
0.028% eU(3)O(8) over 1.4 metres, including 0.038% eU(3)O(8) over 0.7 metres
(Table 1). Additional mineralized intersections ranged from 1.4 metres grading
0.014% eU(3)O(8) to 0.7 metres grading 0.025% eU(3)O(8).
    Of the remaining 41 drill holes, nine intersected anomalous radioactivity
(greater than 2x background), 14 are considered to be weakly anomalous (2x
background) and the remaining 18 were barren.
    Chris M. Healey, P.Geo, President of UPC, commented, "Given the early
stage of the exploration of this large property, it is very encouraging to see
grades approaching those found in economic deposits in other parts of the
world in several of our drill holes."

    
    Table 1. 2008 Rotary Drilling Results

    ----------------------------------------------------------
    Hole No.     From (m)    To (m)     Length (m) % eU(3)O(8)
    ----------------------------------------------------------
    SF-1039       40.8        41.1         0.3        0.023
    ----------------------------------------------------------
    SF-1040       31.2        31.9         0.7        0.025
    ----------------------------------------------------------
                  72.1        73.5         1.4        0.014
    ----------------------------------------------------------
    SF-1041       38.0        38.8         0.8        0.024
    ----------------------------------------------------------
                  43.9        44.6         0.7        0.022
    ----------------------------------------------------------
    SF-1042       66.8        68.0         1.2        0.028
    ----------------------------------------------------------
    including                              0.7        0.038
    ----------------------------------------------------------
    

    The Companies have increased their land holding in the area to fully
cover all of the targets identified by the airborne survey. The South Fork
project now consists of some 76 claims, totaling approximately
64,000 hectares.
    UPC can earn up to 65% interest in the South Fork property by reimbursing
JNR for prior expenditures (completed) and by spending $2,500,000 on
exploration activities by January 25, 2011. Under a subsequent agreement, Mega
Uranium Ltd. (MGA-TSX) has the right to acquire 50% of UPC's interest.
    All holes were drilled at -90 degree dip. Lengths presented in Table 1
represent down hole measurements and are estimated to approximate true width.
Grades are reported as equivalent uranium (eU(3)O(8)) as determined by
downhole radiometric logging equipment. Contract logging services were
provided by Century Wireline Services of Penhold, AB.
    JNR's Vice-President of Exploration, David L. Billard, PGeo, is the
qualified person 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 does not accept responsibility for the adequacy
or accuracy of this release. Statements contained in this news release that
are forward-looking statements involve known and unknown risks, uncertainties
and other factors which may cause the actual results, performance or
achievements of the Company to be materially different from any future
results, performance or achievements expressed or implied by the
forward-looking statements. Such risks and other factors include, among
others, risks related to the accessibility to the property; operational risks;
weather; availability of equipment and personnel; changes in project
parameters as plans continue to be refined; delays in obtaining governmental
approvals; delays or failure in obtaining financing on acceptable terms.
Although the Company has attempted to identify important factors that could
cause actual actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or intended.
There can be no assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ materially from
those anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking statements.

    %SEDAR: 00003829E




For further information:

For further information: JNR Resources at (306) 382-2211 or (877)
567-6463

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