SASKATOON, 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 Results
DDH# From(m) To(m) Width(m) U3O8% ThO2% Other Metals (%)
WYL-11-68 164.00 166.00 2.00 0.029 0.031 Cu-0.015, V-0.012, Zn-0.013
172.00 173.00 1.00 0.074 0.088 Cu-0.017, Pb-0.025
173.50 174.50 1.00 0.035 0.039 Cu-0.074, Pb-0.011
209.50 211.00 1.50 0.028 Anomalous Th, Pb
212.00 213.50 1.50 0.05 0.031 Pb-0.015
232.80 233.50 0.70 0.034 Anomalous U, Cu, Pb, and Zn
281.60 282.10 0.50 0.076 0.181 Pb-0.02, Zn-0.019
WYL-11-69 135.50 136.50 1.00 0.033 0.039 Cu-0.012
137.50 138.00 0.50 Cu-0.044, V-0.009, Zn-0.008
WYL-11-70 99.50 100.00 0.50 0.051 Anomalous U
190.50 192.50 1.50 Cu-0.012, Ni-0.03, V-0.041, Zn-0.065
198.20 199.20 1.00 0.098 0.080 Pb-0.024, Zn-0.033
208.00 211.00 3.00 0.053 0.054 Mo-0.017, Pb-0.018, V-0.01
212.80 213.80 1.00 0.038 0.029 Pb-0.014, Zn-0.012
214.00 214.50 0.50 0.024 Anomalous Mo, Th
217.20 217.70 0.50 0.044 0.030
218.20 218.70 0.50 0.045 0.040 Mo-0.019
220.50 221.00 0.50 0.025 0.023
225.40 226.40 1.00 0.036 0.049 Cu-0.022, Mo-0.013, Zn-0.012
234.50 236.00 1.50 0.025 0.021
260.00 262.00 2.00 0.043 0.027 Anomalous Pb
WYL-11-71 144.50 145.50 1.00 0.046
148.00 149.50 1.50 Anomalous Th, V, Zn
150.50 151.00 0.50 0.047 Anomalous Mo, U
153.50 154.50 1.00 0.028
212.00 214.00 2.00 Cu-0.031, Ni-0.041, V-0.039, Zn-0.02
216.50 217.50 1.00 Cu-0.012, Ni-0.03, V-0.027
247.00 252.50 5.50 Cu-0.023, V-0.017, Zn-.014
287.75 288.00 0.25 Cu-0.51, V-0.015, Zn-.009
WYL-11-72 142.50 143.50 1.00 Ni-0.023, V-0.024, Zn-0.027
WYL-11-73 135.00 135.50 0.50 0.022 Anomalous U
197.50 203.00 5.50 Cu-0.023, Ni-0.039, V-0.041, Zn-0.061
including 197.50 199.00 1.50 0.002 0.002 Mo-0.01, Ni-0.049, V-0.056, Zn-0.176
WYL-11-74 41.00 43.50 2.50 Anomalous U, Th
123.00 125.50 2.50 Cu-0.011, V-0.016, Zn-.015
Note: 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:
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.