JNR Resources Inc JNRRF

RE: Looks Promising

[megphi]

Uranium unchanged for the week. This was reconaissance drilling. From what they have found, the structure extends over 1.5 kilometres, thus giving hope that they may have well over the 66 million pounds listed in the Toll Cross report. However, until the "fence" drill every 5 metres or so this summer, we will have to continue guessing what the grade of the deposit is, and whether it makes for a feasable mine. My guess is yes, and I think we will have a lot more information on the possibility of a pellite type deposit below the unconformity. Ultimately they set out to determine the extent of the structure, and it appears to continue both to the southwest and northeast, hence the need to pick up more land.