SASKATOON, Dec. 13 /CNW/ - JNR Resources Inc. (TSX:JNN) (the 'Company') is pleased to announce the results from additional sampling carried out during the summer of 2010 on drill core from holes drilled in 2008 on the company's 100% owned Yurchison Lake property. The sampling was carried out to confirm the presence of base metal mineralization that was visually and geochemically identified during the 2008 exploration program.
Significant zinc (Zn) and copper (Cu) mineralization was confirmed in six of the 13 drill holes completed on the project. Several broad intervals of Zn mineralization were identified in holes YL-08-102, YL-08-105 and YL-08-107 to YL-08-110. The most significant results from these holes include: an 18.5-m interval of 0.08% ppm Zn (up to 0.40% over 0.5 m) in YL-08-109; a 5.5-m interval of 0.54% Zn, including 0.73% Zn over 3 m in YL-08-108; and a 4.5-m zone of 0.08% Zn in YL-08-110. In addition, two 1.0-m intervals of significant Cu mineralization (1.78% Cu and 0.37% Cu), associated with faulting was encountered in YL-08-102. Previously completed airborne GEOTEM surveys have defined conductive trends possibly associated with this base metal mineralization on the Yurchison Lake project and will be the focus of future drill programs.
The following table summarizes the most significant base metal mineralization in the 2008 Yurchison Lake drill holes.
|Hole||From||To||Width (m)||%Zn (%Cu)|
All Zn mineralization has corresponding lead enrichment and is associated with locally faulted and sheared metasedimentary rocks of the Wollaston Group, similar to those at the George Lake deposit (13 million tons of 2.76% percent zinc and 0.36 percent lead) located approximately 15 km to the northeast. Recent work by Wildcat Exploration at their Sito Lake project 160 km, along strike to the southwest, has illustrated stratigraphic similarities to the large Broken Hill base metals deposits of Australia.
JNR Resources Inc. is a junior uranium exploration company with mineral properties in the provinces of Saskatchewan and Newfoundland. JNR is led by a highly experienced management team with proven discovery success in uranium as well as precious and base metal exploration. 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 Chief Geochemist, Ken Wasyliuk, P.Geo., is the qualified person responsible for the technical data presented in this release. Widths presented in the preceding table represent down hole core lengths; true widths cannot be reliably estimated at this time. Samples were analysed at the Saskatchewan Research Council Laboratory in Saskatoon, an ISO/IEC 17025:2005 accredited facility. 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.
For further information: For further information:
JNR Resources at 306.382.2211 or 877.567.6463