JNR Announces Completion of Airborne Gravity Survey on the Snowbird-South
Dufferin Projects
TSXV:JNN
Email: [email protected]
Website: www.jnrresources.com
SASKATOON, SK, Sept. 27 /CNW/ - JNR Resources Inc. (TSXV: JNN) (the 'Company') as operator, has completed an airborne gravity gradient survey over JNR's 100% owned Snowbird project (six claims, 25,192 ha) and the 34% owned South Dufferin joint venture (2 claims, 8,240 ha) with Denison Mines. The results of this survey are being processed and integrated with prior ground and airborne geophysical programs to further define drill targets.
Preliminary results of the 875 line-km aircraft-borne full tensor 3D gravity gradient survey clearly show that this program was successful in better defining the structural setting of both properties. Several 'zones of interest' outlined within the Snowbird and South Dufferin claims lie along extensive corridors of well-defined, structurally-disrupted basement conductors. The corridors are typically 2 to 10 km in strike length. These properties are now at a drill-ready stage with numerous high-priority targets identified.
The Snowbird and South Dufferin project areas are contiguous and straddle the southern edge of the Athabasca Basin directly along the Snowbird tectonic zone. This major transcrustal structural feature includes the southwest strike extension of the Virgin River shear, which hosts Cameco's Centennial Zone 20 to 25 km along strike to the north east. Neither the Snowbird nor South Dufferin properties have been drill tested previously by any company, including JNR.
JNR Resources is a junior exploration company primarily focused on uranium exploration and development in the provinces of Saskatchewan and Newfoundland. 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 Director of Exploration, Dr. Irvine R. Annesley, P.Geo, 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.
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For further information: contact JNR Resources at 306.382.2211 or 877.567.6463
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