JNR Resources Inc. / Altius Resources Inc. Commence 2011 Fall Exploration Program at Topsails Project
The 2011 exploration program, budgeted at approximately $100,000, is underway. This program will be carried out on the Sheffield Lake South Cu prospect and will follow up the encouraging results obtained in 2009 and 2010. It will involve detailed prospecting, trenching, geological mapping, and sampling to further extend the area of the Sheffield Lake South prospect.
In 2009, reconnaissance prospecting resulted in the discovery of disseminated and vein-hosted Cu, Mo, Pb, and Ag mineralization (+/- Zn, U, and REE enrichment) at Sheffield Lake South, with anomalous Pb and Mo values up to 13.9% and 0.55%, respectively.
In 2010, extensive prospecting of the Sheffield Lake South area was carried out with 47 rock samples collected. The best mineralization in these samples comprises up to 3.9% Mo, 1.9% Pb, 0.36% Cu, and 95.3 g/t Ag. The 2010 soil sampling survey also returned anomalous geochemistry from 104 soil samples.
JNR is led by a highly experienced management team with proven discovery success in uranium exploration. In addition to its projects in Newfoundland, the Company has an interest in thirteen properties totalling some 323,768 hectares of highly prospective ground in the renowned Athabasca Basin of northern Saskatchewan.
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.
For further information:
JNR Resources
306.382.2211 or 877.567.6463
Email: info@jnrresources.com
Website: www.jnrresources.com