JNR Resources Inc. Commences Spring Drilling Program at Black Lake Uranium Project
11.05.2012 | CNW
SASKATOON, May 11, 2012 - JNR Resources Inc. (TSXV: JNN) ('JNR' or the 'Company') is pleased to announce that it has commenced a minimum 1,000-metre spring diamond drilling program on the Company's 100% owned Black Lake uranium project, located in the Athabasca Basin of northern Saskatchewan.The drilling will focus primarily on shallower electromagnetic (EM) and structural targets located in the northern portion of the property.
The Black Lake project is located along the north rim of the Athabasca Basin, approximately 20 kilometres southeast of the town of Stony Rapids and along the all-weather road to that community. The property covers a 40-kilometre strike length of the Snowbird tectonic zone, a major transcrustal structural feature that includes the Black Lake fault zone, a strike extension of the mineralized Virgin River shear zone (Centennial Zone) located some 225 kilometres to the southwest.
At Centennial, a 650-metre long mineralized zone with drill intersections of up to 8.78% U3O8 over 33.9 metres has been outlined at a depth of approximately 800 metres. (Formation Metals news release May 30, 2011).
JNR's Director of Exploration, Dr. Irvine R. Annesley, P.Geo, is the qualified person responsible for the technical data presented in this release. 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