The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from CNW Group

JNR Extends Areas of Uranium Mineralization at Way Lake

Thursday, July 21, 2011

JNR Extends Areas of Uranium Mineralization at Way Lake08:00 EDT Thursday, July 21, 2011SASKATOON, SK, July 21, 2011 /CNW/ - JNR Resources Inc. (TSXV: JNN) ('JNR' or the 'Company') is pleased to report geoanalytical results from the 2011 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. Drilling has extended the Fraser Lakes Zone B to the east-northeast, and anomalous U-Th mineralization has been intersected in a new area, Fraser Lakes North.The 2011 drilling program comprised 2,590 metres in 10 holes. Four holes tested the east-northeast extension of the Fraser Lakes Zone B. Six holes tested ancillary structural/mineralized targets related to the Fraser Lakes Zone B; located within previously untested portions of a folded, 65-km long electromagnetic (EM) graphite-sulfide-rich conductor system. Six of the 10 drill holes intersected anomalous radioactivity accompanied by significantly disrupted and locally clay-altered Wollaston Group graphitic pelitic gneisses and uraniferous granitic pegmatites.Multiple intervals of uranium and/or thorium (U-Th) mineralization were intersected in four new holes (WYL-11-68, -69, -70, and -71; Table 1) that tested Fraser Lakes Zone B on its east-northeast end. The better U-Th intersections occur in drill holes WYL-11-68, -70 and -71, and are accompanied by highly anomalous concentrations of base metals and rare earth element (REE) enrichment. At a cut-off grade of 0.025% U3O8, the results from WYL-11-68 and -70 are impressive. To date, drilling of this zone has identified an extensive area approximately 1,250 metres long by 650 metres wide of moderately dipping, multiple stacked uranium and thorium mineralized horizons, which are open to the southwest and east-northeast to a depth of at least 175 metres.Anomalous radioactivity was intersected within a new area, Fraser Lakes North, located 5 kilometres northeast of Fraser Lakes Zone B. Drill holes WYL-11-73 and -74 (Table 1) report low-grade, basement-hosted U-Th mineralization in graphitic pelitic gneisses and granitic pegmatites. These holes also exhibit evidence for major structural reactivation, significant clay alteration, uranium remobilization, and basinal brine fluid circulation.The exceptional exploration potential of the Fraser Lakes area is further supported by geoanalytical results from PIMA infrared spectroscopy of four holes drilled in the T-Bone Lake area (News Release: June 17, 2010), located 4 kilometres west-southwest of Fraser Lakes North and due north of Fraser Lakes Zone B. These results indicate a preponderance of the important pathfinder mineral, illite, within a major clay-filled fault system that was intersected in 2010.Dave Billard, Vice-President Exploration and COO for JNR, comments: "These results confirm that the Fraser Lakes district has significant exploration upside, with many targets having the potential to host high-grade uranium mineralization. Geological and geochemical features identified in the Fraser Lakes district show distinct similarities to high-grade, basement-hosted discoveries in the Athabasca basin, such as Cameco's Millennium and Hathor's Roughrider deposits".Results from the 2011 drilling program continue to demonstrate the significant uranium and metal endowment within the Fraser Lakes district, and will be integrated within on-going exploration models to plan and facilitate JNR's next phase of drilling new targets.Table 1. Fraser Lakes Area - Significant Drill ResultsDDH#From(m)To(m)Width(m)U3O8%ThO2%Other Metals (%)WYL-11-68164.00166.002.000.0290.031Cu-0.015, V-0.012, Zn-0.013 172.00173.001.000.0740.088Cu-0.017, Pb-0.025 173.50174.501.000.0350.039Cu-0.074, Pb-0.011 209.50211.001.500.028 Anomalous Th, Pb 212.00213.501.500.050.031Pb-0.015 232.80233.500.70 0.034Anomalous U, Cu, Pb, and Zn 281.60282.100.500.0760.181Pb-0.02, Zn-0.019       WYL-11-69135.50136.501.000.0330.039Cu-0.012 137.50138.000.50  Cu-0.044, V-0.009, Zn-0.008       WYL-11-7099.50100.000.50 0.051Anomalous U 190.50192.501.50  Cu-0.012, Ni-0.03, V-0.041, Zn-0.065 198.20199.201.000.0980.080Pb-0.024, Zn-0.033 208.00211.003.000.0530.054Mo-0.017, Pb-0.018, V-0.01 212.80213.801.000.0380.029Pb-0.014, Zn-0.012 214.00214.500.500.024 Anomalous Mo, Th 217.20217.700.500.0440.030  218.20218.700.500.0450.040Mo-0.019 220.50221.000.500.0250.023  225.40226.401.000.0360.049Cu-0.022, Mo-0.013, Zn-0.012 234.50236.001.500.0250.021  260.00262.002.000.0430.027Anomalous Pb       WYL-11-71144.50145.501.00 0.046  148.00149.501.50  Anomalous Th, V, Zn 150.50151.000.50 0.047Anomalous Mo, U 153.50154.501.00 0.028  212.00214.002.00  Cu-0.031, Ni-0.041, V-0.039, Zn-0.02 216.50217.501.00  Cu-0.012, Ni-0.03, V-0.027 247.00252.505.50  Cu-0.023, V-0.017, Zn-.014 287.75288.000.25  Cu-0.51, V-0.015, Zn-.009       WYL-11-72142.50143.501.00  Ni-0.023, V-0.024, Zn-0.027       WYL-11-73135.00135.500.50 0.022Anomalous U 197.50203.005.50  Cu-0.023, Ni-0.039, V-0.041, Zn-0.061including197.50199.001.500.0020.002Mo-0.01, Ni-0.049, V-0.056, Zn-0.176       WYL-11-7441.0043.502.50  Anomalous U, Th 123.00125.502.50  Cu-0.011, V-0.016, Zn-.015Note: All holes were drilled at a 45 to 50 degree angle across the lithostratigraphic/radioactive horizons on sections consisting of at least two drill holes. Widths represent downhole core lengths; true widths cannot be reliably estimated at this time. 0.025% U3O8 and 0.030% ThO2 cut-offs were applied.JNR's Director of Exploration, Dr. Irvine R. Annesley, PGeo, is the qualified person responsible for the technical data presented in this release. Samples were analyzed at the Saskatchewan Research Council Geoanalytical Laboratories in Saskatoon, SK, a Standards Council of Canada (CCRMP) certified analytical laboratory. 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: A glossary of the technical terms included in this release can be found on the Company's website at: BEHALF OF THE BOARDRick KusmirskiPresident & CEONeither 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: JNR Resources at 306.382.2211 or 877.567.6463