www.avantimining.com Pan American Lithium Corp Largo Resources
Geat Western Minerals http://www.orvana.com/ Antiqua Gold ValGold
Eastman Resources Moly Mines
Medusa Mining Tantalus Rare Earths AG
Skip Navigation Links
SEARCH  

Breaking News
(NYTimes)Mine Owner Defends Work and Pledges ‘Accountability’ - 1 Minute
(KremNationalNews)2 babies killed after semi hits vehicles in Ariz. - 8 Minutes
(BusinessSpectator)Newcrest continues to eye M&A - 27 Minutes
(Topix)Ameristeel's Fire Follow Up - 1 Hour
(TJT)Goodell reduces Big Ben's ban to 4 games - 5 Hours
(BusinessInsider)Afghanistan's Massive Bank Run Is Getting Worse - 6 Hours
(BusinessStandard)Markets expected to open on a strong note - 7 Hours
(BusinessStandard)No major upside from current level - 7 Hours
(AP)Obama pledges to work for a thriving middle class - 8 Hours
(ChinaNationalNews)Taiwan shares open higher - 9 Hours
(Topix)Carrigan: Gold is sending a bullish message - 9 Hours
(BBC)Industry fears over cheaper coins - 9 Hours
(ChinaPost)Instant coffee firm to list TDRs on September 9 - 10 Hours
(FT.com)Medvedev picks Khudainatov to run Rosneft - 10 Hours
(ChinaPost)Harsher penalties announced for firms withholding info - 11 Hours
(ChinaPost)Taiwan stocks close up 1.41 percent - 11 Hours
(ChinaNationalNews)A 150 kilometre traffic jam on the road to Mongolia - 11 Hours
(AP)Kinect's Israeli partner sees a remoteless world - 11 Hours
(ChinaPost)Dollar moves narrowly ahead of key jobs data - 12 Hours
(ChinaPost)Asian stocks mostly higher ahead of US jobs data - 12 Hours
(TopNewsIndia)Daily Indian Stock Market Outlook: FairWealth Securities - 13 Hours
(AP)Obama says he's committed to helping middle class - 14 Hours
(AP)Obama outlines steps taken to help middle class - 15 Hours
(TopNewsIndia)Sensex ends flat on food inflation concerns - 15 Hours
(TopNewsIndia)Gold loses steam, down from life-time high - 15 Hours
(TopNewsIndia)Food inflation up for third week in August - 15 Hours
(ChinaNationalNews)Gold price opens higher in Hong Kong - 16 Hours
(ChinaNationalNews)IMAX eager to tap into China market - 16 Hours
(BBC)Girl hurt in barbecue explosion - 16 Hours
(ChinaNationalNews)Do the Chinese really believe the U.S. is selling down its gold reserves - 17 Hours
(ChinaNationalNews)Venice Film Festival celebrates Chinese director John Woo - Summary - 19 Hours
(ChinaNationalNews)Thousands of trucks stuck in China traffic jam - 19 Hours
(ChinaNationalNews)Hong Kong's Woo accepts career award at Venice filmfest - 20 Hours
(WSJ)As Gold Climbs, So Do the Deals - 20 Hours
(BBC)Netherlands coalition talks fail - 21 Hours
(ChinaNationalNews)Chinese stocks bloom in isolation - 22 Hours
(ChinaNationalNews)Hong Kong's Woo accepts career award at Venice filmfest - 22 Hours
(WSJ)Thinking Outside the Stocks - 22 Hours
(BusinessSpectator)Judge denies bail for former Enron cheif Skilling - 23 Hours
(BusinessSpectator)US inspectors find no oil leaking at platform - 23 Hours
(WSJ)As Gold Climbs, So Do the Deals - 1 Day
(IntellAsia)Thai firm rejects Indonesian oil spill cash claim - 1 Day
(IntellAsia)Thai PTT sees higher H2 profit as gas plant to start - 1 Day
(IntellAsia)Indonesia's non oil-gas exports seen at 16-18pct this year - 1 Day
(IntellAsia)Indophil's Filipino fling - 1 Day
(IntellAsia)Philippines San Miguel Energy mulls $8b investment in LNG, power - 1 Day
(ChinaNationalNews)China Sky One Medical Updates Financial Guidance for 2010 - 1 Day
(WSJ)Goldman to Close Prop-Trading Unit - 1 Day
(EON)Investor Notice: The Rosen Law Firm Announces Investigation of Shareholder Securities Claims Against China-Biotics --- CHBT - 1 Day
(WSJ)Caterpillar, IBM Lead Gains - 1 Day
(WSJ)Small Stocks Extend Streak - 1 Day
(EON)Investor Notice: The Rosen Law Firm Announces Investigation of Shareholder Securities Claims Against AspenBio Pharma, Inc. --- APPY - 1 Day
(Topix)Most actively traded companies on the TSX, TSX Venture Exchange markets - 1 Day
(SteelGuru)No major consolidation in Indian auto sector - KPMG - 1 Day
(SteelGuru)Rays of recovery - Toyota Kirloskar sales in August jumps up by 26 pct MOM - 1 Day
(SteelGuru)Steel angle prices update on Sep 3 - 1 Day
(SteelGuru)Patra Narrow HR steel strips price update on Sep 3 - 1 Day
(SteelGuru)MEA steel players waiting for increase in flat products - 1 Day
(SteelGuru)Aramco extends bids for Wasit gas plant - 1 Day
(SteelGuru)Handan Steel obtains pipeline steel production permit - 1 Day
(SteelGuru)China plans USD 44 billion offshore oil expansion - 1 Day
(SteelGuru)Ilyich increases its share capital - 1 Day
(SteelGuru)MEPS latest forecast on world average carbon steel price - 1 Day
(SteelGuru)Rail modernization concludes in Pennsylvania - 1 Day
(SteelGuru)US Secretary announces USD 3 million for Michigan rail project - 1 Day
(SteelGuru)Russian government pulls up Norilsk Nickel - 1 Day
(SteelGuru)Yukon zinc mine closer to production - 1 Day
(SteelGuru)Equinox sees Zambia uranium exports in 3 years - 1 Day
(SteelGuru)Alstom Projects appoints Mr Puhan as company secretary - 1 Day
(SteelGuru)Dubai non oil trade in H1 rises by 18pct YoY - 1 Day
(SteelGuru)Stable yuan to help internationalization moves - Economist - 1 Day
(SteelGuru)China to blacklist firms breaching quality rules - 1 Day
(SteelGuru)Metinvest Azovstal updates its performance for August - 1 Day
(SteelGuru)CSC production update for August 2010 - 1 Day
(SteelGuru)AK Steel increase prices for carbon steel products - 1 Day
(SteelGuru)ThyssenKrupp Steel Europe begins apprentice training program - 1 Day
(SteelGuru)Ferro chrome prices up in Europe - 1 Day
(SteelGuru)China moves from copper destocking to restocking - 1 Day
(SteelGuru)Miner saga boosts Mr Pinera and may help royalty bill - 1 Day
(SteelGuru)Indian iron ore mining mess - Karnataka will not allow exports - CM - 1 Day
(SteelGuru)African Aura may split gold and iron ore assets into 2 vehicles - 1 Day
(SteelGuru)NYMET completes mine production expansion to 100,000 tonnes - 1 Day
(SteelGuru)Sponge iron price up at most places - 1 Day
(SteelGuru)Wide steel plate price up in Raipur - 1 Day
(SteelGuru)Bid submission deadline for Chhattisgarh UMPP extended again - 1 Day
(SteelGuru)GP steel HDG price up in Mumbai - 1 Day
(SteelGuru)US power company to invest in Bihar - 1 Day
(SteelGuru)Narrow HR steel plate price remain flat on Sep 3 - 1 Day
(SteelGuru)Iran and Armenia railroad feasibility study underway - 1 Day
(SteelGuru)Chinese domestic steel industry outlook still hazy - 1 Day
(SteelGuru)Rays of recovery - Changan auto sales in August up by 14pct MoM - 1 Day
(SteelGuru)Ukraine pig iron exports in July down by 51pct - 1 Day
(SteelGuru)Russia to supply 70pct of oil to JV in China - 1 Day
(SteelGuru)Details of POSCO pact for Daewoo International acquisition - 1 Day
(SteelGuru)Taiwanese billet price keeps sliding on poor demand - 1 Day
(SteelGuru)Specialty alloys take off as plane demand recovers - 1 Day
(SteelGuru)Hindustan Copper and NALCO eying copper assets in Peru - 1 Day
(SteelGuru)MaAden and Alcoa venture awards USD 277 million in contracts - 1 Day
(SteelGuru)Steel joist I Beam prices scenario in major places - 1 Day
(SteelGuru)Indian steel price index up by 20 points - 1 Day

Click here for previous news...


 
Bookmark and Share
JNR Announces Completion of 2010 Drilling Program at Way Lake Uranium Project

TSXV: JNN

Email: info@jnrresources.com

Website: www.jnrresources.com

SASKATOON, SK, April 20 /CNW/ - JNR Resources Inc. (TSXV:JNN) (the 'Company') is pleased to announce that it has completed a winter diamond drilling program on the Company's 100% owned Way Lake uranium project, located 55 kilometres east of the Key Lake uranium mine in the Athabasca Basin of northern Saskatchewan. Anomalous radioactivity and key geological features associated with basement-hosted uranium mineralization were intersected by a significant proportion of the holes drilled during the winter program.

The drilling program comprised 2,773 metres in 14 holes and focused on following up JNR's previous drilling and exploration of the Fraser Lakes B zones. These mineralized zones are contained within a 5-kilometre-long interval of a folded electromagnetic (EM) conductor system with a total length of 65 kilometres and comprised of Wollaston Group graphitic pelitic gneisses and uraniferous granitic pegmatites. The mineralized zones were discovered by ground prospecting of airborne geophysical targets during the summer of 2008.

The B Zone showings occur within an antiformal fold nose of the EM conductor. Of the 70 grab samples taken from individual mineralized outcrop sites, 70% returned assays ranging from 0.03 to 0.457% U(3)O8. Multiple intervals of uranium and/or thorium mineralization were intersected in many of the 18 drill holes completed in 2008 and 2009. The mineralization is accompanied by rare earth element enrichment and highly anomalous levels of pathfinder elements.

Anomalous radioactivity was intersected in the majority of holes drilled during the 2010 winter program. The radioactivity was accompanied by significantly disrupted and locally clay altered Wollaston Group graphitic pelitic gneisses (+/-sulphides) and granitic pegmatites. The drilling has also provided compelling evidence for the presence of major east-west and north-south structural corridors that intersect the main northeast-trending EM conductors. Similar structural and geological settings are required for the formation of major basement-hosted unconformity-type uranium deposits. In addition, preliminary analysis of the results from PIMA infrared spectroscopy has indicated a preponderance of illite in a major clay filled fault system that was intersected in holes WYL-10-53 and 55. Illite is an important clay mineral that accompanies many of the significant uranium deposits in the Athabasca Basin.

All of the samples have been delivered to the SRC Geoanalytical laboratory in Saskatoon and the final geochemical results should be received for evaluation by mid May. These results will be integrated with the PIMA and on-going structural studies to plan the next phase of drilling.

Ken Wasyliuk, Chief Geochemist for JNR comments: "The preliminary clay alteration patterns that we are seeing from the PIMA analysis are analogous to those at other significant basement-hosted uranium deposits such as Eagle Point, Millennium, P-Patch and the Roughrider Zone. In conjunction with the positive geological attributes and anomalous radioactivity, the potential for the discovery of significant high-grade uranium mineralization at Fraser Lakes is considerable."

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

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.

%SEDAR: 00003829E





Disclaimer | Terms Of Use And Privacy Statement


© Metals News. All rights reserved.