SASKATOON, April 7 /CNW/ - JNR Resources Inc. (TSXV:JNN) (the 'Company') as operator, has finalized the interpretation of an airborne geophysical survey flown over JNR's 100% owned Snowbird project (six claims, 25,192 ha) and 34% owned South Dufferin joint venture (2 claims, 8,240 ha) with Denison Mines. The results of the airborne survey have been integrated with prior ground and airborne geophysical programs to further define targets for drill testing.
At the Snowbird and South Dufferin projects, a 1,323 line-km helicopter borne Z-Axis Tipper Electromagnetic (ZTEM) - Aeromagnetic survey was flown in the late fall over the properties in their entirety. This program was successful in better delineating EM conductors and the structural setting of the property identified by previous geophysical surveys. Four 'zones of interest' were outlined over the Snowbird property, with an additional two zones identified on the South Dufferin claims. These zones of interest lie along extensive corridors of well defined, structurally disrupted basement conductors. The corridors are typically 2 to 10 km in strike length. The property is now at a drill ready stage with numerous high priority targets identified.
The Snowbird and South Dufferin project areas are contiguous and straddle the southern edge of the Athabasca Basin directly along the Snowbird tectonic zone, a major transcrustal structural feature that represents the southwest strike extension of the Virgin River shear, which hosts Cameco's Centennial Zone. The Snowbird-South Dufferin projects lie 20 to 25 km along strike of the Centennial Zone, where mineralized intercepts up to 8.73% U(3)O8/33.9 m have been intersected over a minimum strike length of 650 metres. Neither the Snowbird nor South Dufferin properties have been drill tested either by JNR, or any other company. JNR is in the process of earning a 49% interest in the project.
JNR Resources is a junior exploration company primarily focussed on uranium exploration and development in the provinces of Saskatchewan and Newfoundland. The company has a varied interest in several prospective uranium properties in the Athabasca Basin of northern Saskatchewan that have been and will continue to be the focal point of JNR's exploration efforts.
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
President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news 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.
SOURCE JNR Resources Inc.
For further information: For further information: JNR Resources at (306) 382-2211 or (877) 567-6463