SASKATOON, SK, Feb. 26 /CNW/ - JNR Resources Inc. (TSXV:JNN) (the
"Company") is pleased to provide the following update on a number of uranium
projects that are operated by the Company and are jointly held with Denison
Mines Corp. (TSX:DML). The properties are located in the Athabasca Basin of
A planned 3,000 metre diamond drilling program along with approximately
75 kilometres of linecutting and a ground electromagnetic (EM) survey is
underway on the Lazy Edward Bay project. The drill program is designed to test
interpreted bedrock conductors defined by ground EM surveys completed in the
summer of 2006 and winter/spring of 2007.
Drill targets will include: 1) Three relatively untested, long
strike-length EM conductors identified in the summer of 2006 and coincident
with drill-confirmed structural disruption of the unconformity; and, 2) Five
separate complex bedrock conductive systems defined by the 2007 ground EM
The planned 2008 linecutting and geophysical program will focus on the
westernmost claims within the Lazy Edward Bay project and will ground define
future structural/conductive drill targets interpreted from a 1,800
line-kilometre airborne EM and magnetic survey flown during the fall of 2006.
A planned 135 kilometre linecutting and ground geophysical program is
underway on the South Dufferin project. This program is based upon the results
of a 1,200 line-kilometre airborne EM and magnetic survey that identified
seventeen 'zones of interest' in areas interpreted to be structurally complex.
These zones consist of north-northeast trending conductors, locally exhibiting
correlation with magnetic lineaments. In total, eight grids will be
established and surveyed. A follow-up diamond drilling program during the
summer of 2008 will be finalized once this work is complete.
On the Pendleton Lake project, a 500-metre diamond drilling program is
planned for the summer of 2008. It will follow-up and complete the
helicopter-supported program that was suspended in mid-October 2007 due to
adverse weather conditions. In 2007, three holes comprising 416 metres were
drilled, one of which was abandoned in sheared graphitic pelites. In spite of
the poor production, the results were encouraging in that all three holes
intersected broad zones of structural disruption, and strongly altered and
sulphide-rich graphitic units with anomalous geochemistry. The 2008 program
will be carried out in conjunction with a drilling program on the Company's
nearby and 100% owned Way Lake project.
The Company has received the results from the 2007 exploration program on
the Kelic Lake project. This program focused on targets identified from a 975
line-kilometre airborne EM and magnetic survey, and consisted of some 84
kilometres of linecutting and 130 kilometres of ground EM surveying on four
separate grids. A number of targets for follow-up have been identified.
Planning and the timing of additional work are underway.
The Company holds a 25% interest in the Lazy Edward Bay, Pendleton Lake
and Kelic Lake projects, which are Joint Ventures with Denison. South Dufferin
is under option to Denison.
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:
ON BEHALF OF THE BOARD
President & CEO
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY
OR ACCURACY OF THIS NEWS RELEASE.
For further information:
For further information: JNR at (306) 382-2211 or 877-567-6463,