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Well the price of uranium has dropped dramatically over the past year,but I expect it to come back.
I don't see solar and wind and other alternative electrical generation making a Big impact for quite some time,and the existing nukes are using more uranium than is being mined.
futrcash
The uranium market has been the pits lately. When JNN gets good news now, it can't seem to hold the gains for long. I hope it breaks out of this trend.
sumi
Market likes this news!...eom
Encouraging leads...Hope it pans out,or in this case,they find a uranium mine.
futrcash
JNR Announces Results of Airborne Surveys on the Black Lake & Crackingstone Uranium Projects
Wednesday April 9, 1:17 pm ET
http://biz.yahoo.com/cnw/080409/jnr_airborne_surveys.html?.v=1
SASKATOON, April 9 /CNW/ - JNR Resources Inc. (TSXV:JNN) (the 'Company') has received the results from high-resolution gradient magnetic Goldak surveys flown over its 100% owned Black Lake and Crackingstone uranium projects located in the Athabasca Basin of northern Saskatchewan. A total of 7,893 line-kilometres were flown at Black Lake and 3,758 kilometres at Crackingstone. These results have been incorporated with prior ground and/or airborne geophysical surveys to better define targets for drill testing.
At Black Lake, four extensive 'zones of interest' have been identified. Their selection was based upon the presence of a general magnetic setting considered common to unconformity-type uranium deposits, along with a coincidence of electromagnetic (EM) conductors and proximity to major structural features. Magnetically interpreted cross structures and/or other structural perturbations are also considered high priority target areas.
Diamond drilling is currently underway on a six kilometre long northeast-trending conductive/magnetic target through the central portion of the property. Depths to the unconformity are estimated to be on the order of 750 metres in the south and 225 metres in the north.
The Black Lake project comprises 41,783 hectares and 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/Black Lake structure, a major transcrustal feature that represents the strike extension of the mineralized Virgin River shear (Centennial Zone) located some 225 kilometres to the southwest.
At Crackingstone, 13 'zones of interest' have been identified and reflect an assortment of EM responses within a variety of magnetic and geologic environments. They include areas along regional conductors where the conductor is disrupted by interpreted magnetic structures or are present as a locally stronger response. Isolated conductors chosen from a variety of geophysical and geologic settings are also considered high priority targets. Planning of additional work is underway.
The Crackingstone project comprises 10,665 hectares and is located near Uranium City, adjacent to the north rim of the Athabasca Basin. Historical work on the property dating back to the 1950's and 1960's focused on the two southern claims covering the Crackingstone Peninsula, during which time a number of uranium showings including the Gulch deposit were discovered.
The high-resolution gradient magnetic survey over the Company's 100% owned Newnham Lake project, located on the northeastern margin of the Athabasca Basin, was postponed until the spring of 2008.
JNR's Vice-President of Exploration, David L. Billard, PGeo, 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
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY
OR ACCURACY OF THIS NEWS RELEASE.
For further information
JNR Resources at (306) 382-2211 or (877) 567-6463
--------------------------------------------------------------------------------
Source: JNR Resources Inc.
JNR Announces Results of 2007 Way Lake Exploration Program
Wednesday March 19, 1:25 pm ET
http://biz.yahoo.com/cnw/080319/jnr_07_way_lake_explr.html?.v=1
SASKATOON, March 19 /CNW/ - JNR Resources Inc. (TSXV:JNN) (the 'Company') is pleased to announce the results of the 2007 helicopter-supported exploration 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. The Way Lake project comprises 17 contiguous claims totalling 71,795 hectares.
The 2007 program cost roughly $2.5 million and represents the first significant exploration carried out on the project lands in over 25 years. It consisted of a major prospecting campaign carried out over the entire Way Lake project area; 125 kilometres of linecutting, Horizontal Loop EM and ground magnetics, as well as a detailed 700 line-kilometre airborne VTEM survey over the Hook Lake showing and previously un-surveyed claims in the southeastern portion of the property; an orientation bulk till sampling survey and the completion of fourteen diamond drill holes totalling 2,467 metres.
The prospecting program resulted in the discovery of three new uranium showings (West Way, EWA and Nob Hill) as well as a broad area in the southwest corner of the property (Walker Lake showings) that contains several outcrops returning anomalous radioactivity. The best results were obtained in grab samples from the West Way (up to 0.475 % U(3)O8) and EWA (up to 0.492 % U(3)O8) showings.
The newly discovered West Way occurrence is located approximately 6.5 kilometres due north of the Hook Lake area. Anomalous radioactivity was identified at the north end of a 1.0-kilometre long ridge of discontinuous outcrops. The corresponding uranium mineralization is vein type and associated with a northeast-trending shear zone accompanied by molybdenite-bearing calc-silicate alteration. Grab samples from the shear zone returned values of 0.072 to 0.475% U(3)O8 along with anomalous levels of pathfinder elements such as lead (up to 1,480 ppm) and boron (up to 212 ppm).
At Nob Hill, 14 kilometres to the southwest of the Hook Lake area, summer prospecting discovered a north-northeast trending granitic pegmatite cut by cross cutting fractures with zones of anomalous radioactivity. The mineralization is vein-type and occurs within dilational zones similar to those that host the uranium mineralization at Cameco's Eagle Point uranium mine and at the Beaverlodge and Karpinka Lake deposits. Grab samples returned values of 0.130% and 0.141% U(3)O8 and up to 634 ppm lead.
The newly discovered EWA zone is located in the southwest corner of the property, approximately 19 kilometres southwest of Nob Hill and proximal to a northeast-trending conductive zone identified by the airborne VTEM survey. The uranium mineralization occurs within a 10- to 20-metre wide, northeast-trending sheared pelitic unit accompanied by granitic inliers, and has been traced over a minimum strike length of 85 metres. Several grab samples were obtained from the shear zone and returned values of 0.064 to 0.492% U(3)O8 and up to 1,300 ppm lead.
The Walker Lake showings occur over a 3.0-kilometre long by 1.0-kilometre wide area along the east central side of Walker Lake, 2.0 kilometres east of the EWA zone. These showings consist largely of granite and pegmatite outcrops, grab samples from which returned values of 0.017 to 0.079% U(3)O8. This area is also proximal to a northeast-trending conductive zone.
The airborne VTEM and ground EM surveys identified and better defined some 60 kilometres of virtually untested, complexly folded EM conductors in the southern portion of the property. The few historic holes drilled in this area intersected abundant sulphide-rich, graphitic pelitic gneisses with radiogenic granitic pegmatites that are structurally disrupted and strongly clay altered. These features are common to uranium deposits in the Athabasca Basin, which bodes well for the potential of these conductors to host uranium mineralization.
The diamond drilling program met with mixed results. Initially, some thirty holes were planned for the Hook Lake area, but contractor delays resulted in lower than budgeted production levels and prevented a thorough evaluation of the area. Although no high-grade uranium mineralization was intersected, all fourteen holes intersected significant structural features composed of brittle fracturing and/or ductile-brittle shearing with anomalous pathfinder geochemistry in several.
In total, eight holes (WYL-07-01 to -04 and -06 to -09) tested the vicinity of the Hook Lake showing. WYL-07-01, which collared in high-grade rubble, intersected a 3.0-metre wide zone of anomalous radioactivity beginning at 14.5 metres downhole. The best result obtained in the hole was 0.117% eU(3)O8 over 0.8 metres. WYL-07-02 intersected a 3.5-metre wide zone of anomalous radioactivity beginning at 20.2 metres downhole, with the best result being 0.119% eU(3)O8 over 2.6 metres. Nickel and lead enrichment accompanied the mineralized intervals.
Four holes (WYL-07-05 and -10 to -12) tested a minimum 1.0-kilometre long, geophysically interpreted lineament located to the northwest of the showing. All four holes intersected a broad, ~20-metre wide northeast trending ductile-brittle fault, which correlates with the lineament and is locally enriched in uranium and pathfinder elements. The fault occurs some 80 to 90 metres from the showing and is interpreted to represent the structure that controls the uranium mineralization at Hook Lake.
Two drill holes (WYL-07-13 and -14) tested the down dip extent of the West Way mineralized shear zone at shallow depths and confirmed the presence of a well defined and altered structure. In WYL-07-13, the structure contained significant sulphide mineralization and returned anomalous copper (up to 1,900 ppm/0.5 metres), nickel, cobalt, arsenic and vanadium values, and locally elevated uranium and lead.
JNR's Director of Exploration, Dr. Irvine R. Annesley, comments: "The Way Lake project is an excellent exploration play with significant uranium values obtained over an extensive area. I am excited about the prospects of discovering a near-surface uranium deposit within this fertile geological environment. The next step is to drill all of these targets."
A planned 10,000-metre drilling program at Way Lake will resume following spring break-up. This program will continue the evaluation of the Hook Lake area with testing of the newly discovered uranium showings, as well as testing of the extensive conductor system and coincident uranium occurrences in the southern part of the property. To ensure that its drilling objectives are met in a timely fashion, the Company will utilize its two new Duralite diamond drills that are currently operating on the Company's 100% owned Black Lake uranium project.
JNR's Vice-President of Exploration, David L. Billard, PGeo, is the qualified person responsible for the technical data presented in this release. Samples were analysed at the Saskatchewan Research Council Laboratory in Saskatoon. 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: http://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
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY
OR ACCURACY OF THIS NEWS RELEASE.
For further information
contact JNR Resources at (306) 382-2211 or (877) 567-6463
--------------------------------------------------------------------------------
Source: JNR Resources Inc.
JNR Provides Further Update on Athabasca Basin Exploration Activities
Thursday February 28, 12:16 pm ET
http://biz.yahoo.com/cnw/080228/jnr_res_athabasca.html?.v=1
TSXV:JNN
SASKATOON, Feb. 28 /CNW/ - JNR Resources Inc. (TSXV:JNN) (the "Company") is pleased to provide the following update on a number of uranium projects that are jointly held with and operated by Denison Mines Corp. (TSX:DML - News). The properties are located in the Athabasca Basin of northern Saskatchewan.
Key amongst these is the Moore Lake project, where uranium mineralization has been intersected in several distinct areas throughout the property, including high-grade mineralization within the 'Maverick Zone'.
The 2008 exploration program which is focusing on the Maverick trend is underway. One drill is currently operating on the project and an estimated 9,000 metres of diamond drilling are planned. A geophysical program, consisting of 60 kilometres of linecutting and a ground resistivity survey, will also be carried out.
During 2007, two separate drilling campaigns were completed on the Moore Lake project. The winter program consisted of 21 holes totalling 7,569 metres and focused on four regional grids, while the summer/fall program consisted of 6 holes totalling 2,315 metres and focused on select geological and geophysical targets within the Maverick Zone.
The winter program tested targets on the West Venice, Venice, Volhoffer and West Maverick grids. The most significant results were obtained from the fourteen reconnaissance holes drilled on the West Venice and Venice grids. These holes typically intersected a strongly altered (illite and dravite) and at times structurally disrupted sandstone column, enriched in several pathfinder elements including uranium and boron. The basement rocks included sheared and altered graphitic pelites that were strongly enriched in metals such as copper, nickel, lead, cobalt, zinc, with anomalous uranium levels (up to 130 ppm). The West Venice and Venice grids occur along a 10-kilometre long and 500-metre wide structural corridor interpreted to be an extension of the conductive system associated with mineralization in the Maverick Zone.
The winter program on the Moore Lake project also included 127 kilometres of linecutting and a ground EM survey over two new prospective target areas; the 'Otter' grid & the 'Esker' grid. A limited amount of historic drilling in these areas intersected a structurally disrupted and geochemically anomalous sandstone column with elevated pathfinder values in the basement lithologies. The EM surveys identified well defined open-ended conductors that will require additional drill testing.
Results are pending from the 2007 summer/fall program, which also included a 2,460-kilometre airborne EM and magnetometer survey, a nominal amount of linecutting and a resistivity survey.
Diamond drilling is also currently underway on the Bell Lake project. The 2008 program will consist of 4 holes totalling 1,800 metres and will test east-west trending EM conductors, some of which are coincident with areas containing anomalous uranium in boulders. The 2008 winter program also includes 47 kilometres of linecutting and ground geophysical surveys.
During the fall of 2007, 3 holes totalling 1,346 metres were completed at Bell Lake. These holes tested EM conductors identified by a 160 kilometre linecutting and ground geophysical program. Geologically, the results were encouraging in that they intersected strong alteration, structural disruption and graphitic basement units. The analytical results are pending.
On the North Wedge project a two-hole, 600-metre program is planned to be carried out later this winter, while one hole totalling 400 metres is planned for the South Cigar project.
The Company holds a 25% interest in the Moore Lake and South Cigar projects, a 40% interest in the Bell Lake project and a 49% interest in the North Wedge project, all of which are joint ventures with Denison.
JNR's Vice-President of Exploration, David L. Billard, PGeo, 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: http://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: http://www.jnrresources.com/s/Glossary.asp.
ON BEHALF OF THE BOARD
'Rick Kusmirski'
Rick Kusmirski
President & CEO
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY
OR ACCURACY OF THIS NEWS RELEASE.
For further information
JNR at (306) 382-2211 or (877) 567-6463, info@jnrresources.com
--------------------------------------------------------------------------------
Source: JNR Resources Inc.
JNR Announces Further 2008 Exploration Activities
Tuesday February 26, 12:00 pm ET
http://biz.yahoo.com/cnw/080226/jnr_exploration_activ.html?.v=1
TSXV:JNN Email: info(at)jnrresources.com Website: www.jnrresources.com
SASKATOON, SK, Feb. 26 /CNW/ - JNR Resources Inc. (TSXV:JNN) (the "Company") is pleased to provide the following update on a number of uranium projects that are operated by the Company and are jointly held with Denison Mines Corp. (TSX:DML - News). The properties are located in the Athabasca Basin of Northern Saskatchewan.
A planned 3,000 metre diamond drilling program along with approximately 75 kilometres of linecutting and a ground electromagnetic (EM) survey is underway on the Lazy Edward Bay project. The drill program is designed to test interpreted bedrock conductors defined by ground EM surveys completed in the summer of 2006 and winter/spring of 2007.
Drill targets will include: 1) Three relatively untested, long strike-length EM conductors identified in the summer of 2006 and coincident with drill-confirmed structural disruption of the unconformity; and, 2) Five separate complex bedrock conductive systems defined by the 2007 ground EM surveys.
The planned 2008 linecutting and geophysical program will focus on the westernmost claims within the Lazy Edward Bay project and will ground define future structural/conductive drill targets interpreted from a 1,800 line-kilometre airborne EM and magnetic survey flown during the fall of 2006.
A planned 135 kilometre linecutting and ground geophysical program is underway on the South Dufferin project. This program is based upon the results of a 1,200 line-kilometre airborne EM and magnetic survey that identified seventeen 'zones of interest' in areas interpreted to be structurally complex. These zones consist of north-northeast trending conductors, locally exhibiting correlation with magnetic lineaments. In total, eight grids will be established and surveyed. A follow-up diamond drilling program during the summer of 2008 will be finalized once this work is complete.
On the Pendleton Lake project, a 500-metre diamond drilling program is planned for the summer of 2008. It will follow-up and complete the helicopter-supported program that was suspended in mid-October 2007 due to adverse weather conditions. In 2007, three holes comprising 416 metres were drilled, one of which was abandoned in sheared graphitic pelites. In spite of the poor production, the results were encouraging in that all three holes intersected broad zones of structural disruption, and strongly altered and sulphide-rich graphitic units with anomalous geochemistry. The 2008 program will be carried out in conjunction with a drilling program on the Company's nearby and 100% owned Way Lake project.
The Company has received the results from the 2007 exploration program on the Kelic Lake project. This program focused on targets identified from a 975 line-kilometre airborne EM and magnetic survey, and consisted of some 84 kilometres of linecutting and 130 kilometres of ground EM surveying on four separate grids. A number of targets for follow-up have been identified. Planning and the timing of additional work are underway.
The Company holds a 25% interest in the Lazy Edward Bay, Pendleton Lake and Kelic Lake projects, which are Joint Ventures with Denison. South Dufferin is under option to Denison.
JNR's Vice-President of Exploration, David L. Billard, PGeo, 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: http://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: http://www.jnrresources.com/s/Glossary.asp.
ON BEHALF OF THE BOARD
'Rick Kusmirski'
Rick Kusmirski
President & CEO
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY
OR ACCURACY OF THIS NEWS RELEASE.
For further information
JNR at (306) 382-2211 or 877-567-6463, info@jnrresources.com
--------------------------------------------------------------------------------
Source: JNR Resources Inc.
JNR Announces Granting of Stock Options
Friday February 15, 6:02 pm ET
http://biz.yahoo.com/ccn/080215/200802150442531002.html?.v=1
SASKATOON, SASKATCHEWAN,--(Marketwire - Feb. 15, 2008) - JNR Resources Inc. (TSX VENTURE:JNN - News) announces the granting of incentive stock options to 16 individuals who are directors, officers, employees and consultants of the Company to purchase up to 1,600,000 common shares in its capital stock at a price of $1.25 per share, exercisable for a period of five years.
ON BEHALF OF THE BOARD
Rick Kusmirski, President & CEO
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
Contact:
Rick Kusmirski
JNR Resources Inc.
President & CEO
(306) 382-2211 or 1-877-567-6463
(306) 382-2212 (FAX)
Email: info@jnrresources.com
Website: http://www.jnrresources.com
--------------------------------------------------------------------------------
Source: JNR Resources Inc.
JNR Announces Drilling Program on South Fork Uranium Project, Saskatchewan
Tuesday February 12, 9:50 am ET
http://biz.yahoo.com/cnw/080212/jnr_south_fork_drllng.html?.v=1
TSXV:JNN Email: info(at)jnrresources.com Website: http://www.jnrresources.com
SASKATOON, SK, Feb. 12 /CNW/ - JNR Resources Inc. (TSXV:JNN) is pleased to announce that project operator Uranium Power Corp (UPC-TSX.V) has signed a contract with Layne Christensen Drilling, of Aurora CO, to complete an extensive drilling program on the South Fork uranium project located east of the Cypress Hills in southwestern Saskatchewan. The contract calls for the use of two drill rigs; one top head rotary and one percussion hammer.
The South Fork project consists of just over 50,000 hectares with excellent potential to host roll-front uranium deposits, in a geological environment very similar to the prolific Powder River Basin in Wyoming. Such deposits are commonly amenable to in situ leach recovery. Interpretation of a recently completed Fugro TEMPEST airborne EM survey indicates what appear to be well-developed paleochannels in sandstones and shales of the Frenchman and Ravenscrag Formations.
JNR's Director of Exploration, Dr. Irvine R. Annesley comments: "I am very excited by the high quality results from the TEMPEST survey, which clearly indicate several excellent uranium targets over a very large area".
Drilling is planned to commence in mid-late April, 2008. The projected cost of the planned program is $1.3 million.
The area was explored in the late 1970's and early 1980's by Saskatchewan Mining Development Corporation (SMDC), a predecessor company of Cameco Corporation. SMDC carried out regional geochemical and geophysical surveys, followed by reconnaissance drilling programs. These field activities resulted in the identification of several extensive regional redox systems that were never followed up to any great extent. SMDC dropped the project after the 1982 field season due to depressed uranium prices. Reconnaissance-scale drilling by SMDC intersected anomalous uranium concentrations over widespread areas.
UPC can earn up to a 65% interest in the South Fork property by reimbursing JNR for prior expenditures (completed) and by spending $2,500,000 on exploration activities by January 25, 2011.
Dave Billard, P.Geo, Vice President of Exploration for JNR Resources is the Qualified Person responsible for the technical content contained in this release.
ON BEHALF OF THE BOARD
Rick Kusmirski
President & CEO
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY
OR ACCURACY OF THIS NEWS RELEASE.
For further information
JNR Resources at (306) 382-2211 or (877) 567-6463
--------------------------------------------------------------------------------
Source: JNR Resources Inc.
JNR Announces 2008 Winter Exploration Programs Underway
Friday January 18, 12:24 pm ET
http://biz.yahoo.com/cnw/080118/jnr_winter_exploratn.html?.v=1
TSXV:JNN Email: info(at)jnrresources.com Website: www.jnrresources.com
SASKATOON, Jan. 18 /CNW/ - JNR Resources Inc. (TSXV:JNN) (the 'Company') is pleased to announce that the 2008 winter exploration programs are underway on the Company's 100% owned uranium projects, located in the Athabasca Basin of northern Saskatchewan. The Company has budgeted $3.0 million to carry out 15,000 metres of diamond drilling on the Yurchison Lake, Black Lake, Newnham Lake and Way Lake projects.
The required permits are in place and mobilization of the drills and crew to a camp on the Yurchison Lake project is well underway. To facilitate the drilling program, the Company purchased two Heliportable Diamond Drills (Reference: October 30, 2007 news release) and entered into an agreement with Dynamic Drilling Inc. of Saskatoon to operate the drills and provide the crews.
The Yurchison Lake property is located along Highway No.905, 100 kilometres south of the Rabbit Lake uranium mine and mill. It consists of four mineral claims totalling 12,660 hectares. Some 20 to 25 holes (3,500 metres) are planned to test a multitude of well-defined electromagnetic (EM) conductors, some of which correlate with geophysically interpreted structural features. Prospecting programs on the property over the past two summers identified significant uranium and molybdenum mineralization in both outcrop and float samples, including uranium values of up to 0.30% U(3)O8.
Upon completion of the program at Yurchison Lake, the drills and crew will mobilize to Black Lake. Twelve holes (5,000 metres) are planned to target EM conductors associated with a minimum 40-kilometre long fault zone, which represents the northern strike extension of the Virgin River shear (Centennial Zone). The Black Lake property is located on the north rim of the Athabasca Basin, approximately 20 kilometres southeast of the town of Stony Rapids, and lies along the seasonal road to that community. It consists of 10 mineral claims totalling 41,783 hectares.
Drilling at Newnham Lake and Way Lake will be scheduled as the season progresses. Total metreage allocation to each project will in part be results driven.
JNR's Vice-President of Exploration, David L. Billard, PGeo, 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 (QA/QC) 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
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY
OR ACCURACY OF THIS NEWS RELEASE.
For further information
JNR Resources at (306) 382-2211 or (877) 567-6463
--------------------------------------------------------------------------------
Source: JNR Resources Inc.
Standard & Poor's Initiates Factual Stock Report Coverage on JNR Resources Inc.
Wednesday January 16, 11:43 am ET
http://biz.yahoo.com/bw/080116/20080116005826.html?.v=1
NEW YORK--(BUSINESS WIRE)--Standard & Poor’s announced today that it has commenced Factual Stock Report coverage on JNR Resources Inc.
JNR Resources Inc. (TXV:JNN) is a Canadian junior resource company engaged in the exploration and development of mineral properties in the provinces of Saskatchewan and Newfoundland. JNR Resources 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 the company's exploration efforts.
The company's holdings in the Athabasca Basin include a 100% interest in five properties totaling 164,626 hectares, a 30,767-hectare joint venture with Denison Mines Corp. where JNR Resources holds a 40% interest, and an additional seven properties totaling 166,750 hectares in which Denison has earned or has the option to earn varying interests.
During the third quarter of 2007, a high resolution gradient magnetic survey was flown over the company's 100%-owned Crackingstone project. Airborne geophysical surveys were also completed over the South Fork option located in southwestern Saskatchewan and the South Cigar project. In addition, the company reported in December 2007 that the fall diamond drilling and trenching program on the Rocky Brook property in Newfoundland had been completed, along with an extensive exploration program including diamond drilling and property-scale prospecting on the company’s Way Lake project.
In October 2007, JNR Resources purchased two new diamond drills, and entered into an agreement with Dynamic Drilling Inc. of Saskatoon for a minimum of 20,000 meters of drilling. The company also holds an exclusive option for a further 20,000 meters of drilling. The drills will be used exclusively to facilitate drilling on the company's 100%-owned uranium properties in the Athabasca Basin, with drilling programs planned to begin in the winter of 2008 on the Way Lake, Black Lake, Newnham Lake and Yurchison Lake projects.
This report will also be accessible on an ongoing basis to the investment community ---- scores of buy-side institutions and sell-side firms that utilize S&P research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts.
About Standard & Poor's Factual Stock Reports
This Standard & Poor’s service provides factual research coverage enabling information about JNR Resources Inc. and other securities to reach a wide investor audience of Buy and Sell-side investors, helping them understand a company’s fundamentals and business prospects. Currently profiling over 1,000 issuers, S&P Factual Stock Reports increase market awareness for issuers in the investment community with insightful commentary and key statistics/information. Updated weekly with the latest pricing, trading volume, and other data, the reports include recent developments, a financial review, key operating information, Industry and peer comparisons, institutional holdings analysis, Street Consensus and opinions, performance charts, business summary, fundamental data, and news. Because coverage of these reports is sponsored by the issuer, S&P does not offer investment opinions concerning the advisability of investing in these stocks.
Standard & Poor’s Factual Stock Reports are produced separately from any other analytic activity of Standard & Poor’s. Standard & Poor’s Factual Report research has no access to non-public information received by other units of Standard & Poor’s. Standard & Poor’s does not trade on its own account.
Note: All U.S. and Canadian Companies listed on a National Exchange (not covered by S&P’s STARS research) are eligible to obtain this coverage.
About Standard & Poor's
Standard & Poor's, a division of The McGraw-Hill Companies (NYSE: MHP - News), is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 7,500 employees, including wholly owned affiliates, located in 21 countries, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com.
MULTIMEDIA AVAILABLE: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=5586948
Contact:
JNR Resources Inc.
Don Michasiw, 306-382-2211
donm@jnrresources.net
or
Standard & Poor's
Customer
Richard Albanese, 212-438-3647
richard_albanese@standardandpoors.com
or
Media Relations
Michael Privitera, 212-438-6679
michael_privitera@standardandpoors.com
--------------------------------------------------------------------------------
Source: Standard & Poor's
JNR Updates Progress on Newfoundland Uranium Projects
Thursday December 20, 9:02 am ET
http://biz.yahoo.com/cnw/071220/jnr_drilling_update.html?.v=1
SASKATOON, Dec. 20 /CNW/ - JNR Resources Inc. (TSXV:JNN) is pleased to provide the following update on its Newfoundland uranium joint ventures with partner Altius Minerals Corporation (TSX:ALS - News); jointly the "Companies".
The Companies have approved in principle a 2008 exploration program budgeted at $1.7 million for the jointly held Topsails uranium project. The Topsails project is a 50/50 alliance that was established in the fall of 2007 to explore for volcanic-hosted uranium deposits in a defined area of central Newfoundland. It was acquired by staking 10,584 claims covering some 264,600 hectares. Recently, an additional 65 claims (1,625 hectares) were staked in an area of anomalous uranium in soils and added to the project lands.
Prior to acquiring the ground, field investigations confirmed the prospective geological setting. JNR's Director of Exploration, Dr. Irvine R. Annesley comments: "Geologically, the Topsails property exhibits a number of similarities to the Streltsovka caldera, Russia's largest resource of uranium, and the McDermitt caldera in the western United States". Furthermore, a review of the limited reconnaissance work carried out previously at Topsails indicates significant radiometric anomalies associated with the volcanic rocks.
The 2008 program will be initiated early in the New Year and consists of lake sediment sampling, a detailed airborne radiometric and magnetic survey and an extensive prospecting campaign in areas identified as being anomalous.
The Company is also pleased to announce that the fall diamond drilling and trenching program on the Rocky Brook property has recently been completed. JNR is earning a 70% interest in the project from Altius. The property features three distinct areas of un-sourced, altered and mineralized sandstone boulders with reported values ranging from 1% to more than 10% U3O8, as well as very high-grade silver contents.
The fall drilling program consisted of 82 holes totalling 2,482 metres. Four areas were targeted, with focus on the Birchy Hill Brook and Wigwam Brook boulder anomalies. Prior drilling at Birchy Hill Brook identified radioactive zones associated with hematized sandstone and mudstone units. In the Wigwam Brook area, the results to date indicate a complex stratigraphic/structural control to the mineralization accompanied by geochemical enrichment. A trenching program in the Wigwam Brook area was also completed.
All core and trench samples have been sent to the Saskatchewan Research Council Laboratory in Saskatoon for analysis. The results will be released once all of the pertinent data is fully evaluated.
JNR's Vice President of Exploration, David L. Billard, PGeo, 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
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY
OR ACCURACY OF THIS NEWS RELEASE.
For further information
contact JNR Resources at (306) 382-2211 or 1-877-567-6463
--------------------------------------------------------------------------------
Source: JNR Resources Inc.
JNR Announces Drilling Programs for 2008
Wednesday December 19, 9:22 am ET
http://biz.yahoo.com/cnw/071219/jnr_resources_2008.html?.v=1
SASKATOON, Dec. 19 /CNW/ - JNR Resources Inc. (TSXV:JNN) (the "Company") is pleased to provide the following update on its 100% owned uranium projects located in the Athabasca Basin of Northern Saskatchewan.
The 2008 winter exploration program will be drill intensive. The Company has budgeted $3.0 million to carry out 15,000 metres of diamond drilling on the Way Lake, Yurchison Lake, Black Lake and Newnham Lake projects. The permitting process is well underway, with drilling expected to begin early in the New Year. Total meterage allocation to each project will be results driven.
At Way Lake the program will target the original Hook Lake showing as well as radioactive showings discovered during the 2007 summer prospecting program and some 60 kilometres of virtually untested EM conductors interpreted over the past two years from airborne and ground geophysical surveys.
Targets at Yurchison Lake include a number of EM conductors identified by an airborne VTEM survey and several surface showings identified by the 2006 summer exploration program.
Drilling at Black Lake will target EM conductors identified over the past three years that are associated with a minimum 40-kilometre long fault zone, which represents the northern strike extension of the mineralized Virgin River shear (Centennial Zone).
At Newnham Lake the program will target a number of conductive and structural trends associated with metasedimentary rocks and radioactive granitic pegmatites, in an area characterized by a large number of surficial geochemical anomalies in lake sediments, peat and soils.
To facilitate the drilling program, the Company recently purchased two Heliportable Diamond Drills (Reference: October 30, 2007 news release) and entered into an agreement with Dynamic Drilling Inc. of Saskatoon to operate the drills and provide the crews. Recent correspondence with all the concerned parties indicates that the drills should be on site by year end.
The Company is still awaiting analytical results from the summer diamond drilling, prospecting and till sampling programs completed this year on the Way Lake and Yurchison Lake projects. The Saskatchewan Research Council Laboratory (SRC) is currently experiencing a 12 to 15 week backlog.
The Company has also recently completed a high-resolution gradient magnetic survey over its Crackingstone project and is in the process of flying the same over Black Lake and Newnham Lake. The results of this survey will be used to better define drill targets.
JNR is well financed with $14.5 million in working capital.
JNR's Vice-President of Exploration, David L. Billard, PGeo, 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'
Rick Kusmirski
President & CEO
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY
OR ACCURACY OF THIS NEWS RELEASE.
For further information
JNR at (306) 382-2211 or (877) 567-6463
info@jnrresources.com
--------------------------------------------------------------------------------
Source: JNR Resources Inc.
JNR Announces Completion of 2007 Way Lake Exploration Program
Thursday November 1, 8:30 am ET
http://biz.yahoo.com/cnw/071101/jnr_way_lake_results.html?.v=1
SASKATOON, Nov. 1 /CNW/ - JNR Resources Inc. (TSXV:JNN) (the 'Company') is pleased to announce the completion of the 2007 exploration 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. The Way Lake project comprises 17 contiguous claims totalling 71,795 hectares.
The 2007 program represents the first significant exploration carried out on the project lands in over 25 years. It consisted of the completion of fourteen diamond drill holes totalling 2,467-metres, accompanied by 120 kilometres of linecutting, Horizontal Loop EM and ground magnetics, as well as a detailed 700 line-kilometre airborne VTEM survey over the Hook Lake showing and previously unsurveyed claims in the southeastern portion of the property. In addition, a major prospecting campaign carried out over the entire Way Lake project area, resulted in the discovery of three new zones of anomalous radioactivity in outcrop (West Way, Nob Hill, and EWA). An orientation bulk till sampling survey was also completed.
In total, eight holes (WYL-07-01 to -04 and -06 to -09) tested the vicinity of the Hook Lake showing where surface sampling in 2006 returned up to 48% U(3)O(8) in grab samples; while four holes (WYL-07-05 and -10 to -12) tested a minimum 1.0-kilometre long, geophysically interpreted lineament located to the northwest of the showing. All twelve holes intersected significant structural features composed of brittle fracturing and/or ductile-brittle shearing. Of particular interest is a broad, roughly 20-metre wide northeast trending ductile-brittle fault, which correlates with the lineament and occurs some 80 to 90 metres from the showing. It is thought to represent the structure that controls the uranium mineralization at Hook Lake. Of the twelve holes, significant levels of radioactivity were intersected in three (WYL-07-01, -02 and -05).
Initially, some thirty holes were planned for the Hook Lake area. Contractor delays and a commitment to drill on an adjoining property precluded a thorough evaluation of the showing and surrounding area. This work will be carried out during the coming winter campaign.
The newly discovered West Way occurrence is located approximately 6.5 kilometres due north of the Hook Lake area. Anomalous radioactivity (10 to 400 times background) was identified at the north end of a 1.0-kilometre long ridge of discontinuous outcrops. The uranium mineralization is vein type and associated with a northeast-trending shear zone, accompanied by molybdenite-bearing calc-silicate alteration. Two drill holes (WYL-07-13 and -14) tested the down dip extent of the mineralized shear zone at shallow depths and confirmed the presence of a well defined structure.
At Nob Hill, 14 kilometres to the southwest of the Hook Lake area, prospecting this summer discovered a north-northeast trending granitic pegmatite cut by cross cutting fractures with zones of elevated radioactivity ranging from 10 to 500 times background. The mineralization is vein-type and occurs within dilational zones similar to those that host the uranium mineralization at Cameco's Eagle Point uranium mine and at the Beaverlodge and Karpinka Lake deposits.
The newly discovered EWA zone is located approximately 19 kilometres southwest of Nob Hill proximal to a northeast trending conductive zone identified by the airborne VTEM survey. The uranium mineralization occurs within a 10- to 20-metre wide, northeast trending sheared pelitic unit accompanied by granitic inliers and has been traced over a minimum strike length of 85 metres. Outcrop samples from this occurrence returned anomalous radioactivity, ranging from 10 to 300 times background.
Also of interest is that core from four historic holes drilled by AGIP in the 1970's was located on the property. These holes tested two small segments of the greater than 60 kilometres of EM conductor identified by the VTEM survey in the southern portion of the property. The drill core in all four holes intersected abundant sulphide-rich graphic pelitic gneisses that exhibited complex structural disruption and strong clay alteration. These features are common to uranium deposits in the Athabasca Basin, which bodes well for the potential of these conductors to host uranium mineralization.
JNR's Director of Exploration, Dr. Irvine R. Annesley, comments: "The Way Lake project is a phenomenal exploration play. It is seldom in one's career where one project contains such a variety of geological model types with the potential for a major discovery. I am especially excited over the prospects for mineralization within the newly discovered occurrences, as well as those that have been historically documented, but never systematically explored".
All of the samples collected during the course of the 2007 exploration program have been submitted to the Saskatchewan Research Council Laboratory in Saskatoon for analysis. The results will be released upon their receipt and final evaluation. Planning for an extensive program in 2008 is underway.
JNR's Vice-President of Exploration, David L. Billard, PGeo, 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
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY
OR ACCURACY OF THIS NEWS RELEASE.
For further information
JNR Resources at (306) 382-2211 or (877) 567-6463
--------------------------------------------------------------------------------
Source: JNR Resources Inc.
JNR Announces Purchase of Two Diamond Drills
Tuesday October 30, 9:00 am ET
http://biz.yahoo.com/cnw/071030/jnr_diamond_drills.html?.v=1
SASKATOON, Oct. 30 /CNW/ - JNR Resources Inc. (TSXV:JNN) (the 'Company') is pleased to announce that to facilitate drilling on its Athabasca Basin properties in northern Saskatchewan, the Company has purchased two new Duralite 1100N Heliportable Diamond Drills capable of reaching depths of 1,000 to 1,100 metres.
The Company has also entered into an agreement with Dynamic Drilling Inc. (Dynamic) of Saskatoon for a minimum of 20,000 metres of drilling on its uranium properties. The Company will provide the drills, while Dynamic, the principles of whom are experienced Athabasca Basin and international diamond drillers, will operate the drills and provide the crews. After the completion of this initial metreage, Dynamic will likely be in a position to purchase the drills from the Company. The Company also has an exclusive option for Dynamic to drill an additional 20,000 metres.
In 2007-08, the drills will be utilized exclusively on projects that the Company holds a 100% interest in, with drilling programs planned on the Way Lake, Black Lake, Newnham Lake and Yurchison Lake projects. It is anticipated that Dynamic will be on site within the next two to three months.
JNR's Vice-President of Exploration, David Billard, comments: "Over the past three years we have developed numerous targets on our properties. The purchase of these drills and our agreement with Dynamic will allow us to aggressively move forward and test those targets and ensure that our drilling objectives are met in a timely fashion".
JNR has an interest in more than 362,000 hectares of highly prospective ground in the renowned Athabasca Basin of northern Saskatchewan.
JNR's Vice-President of Exploration, David L. Billard, PGeo, 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
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY
OR ACCURACY OF THIS NEWS RELEASE.
For further information
JNR Resources at (306) 382-2211 or (877) 567-6463
--------------------------------------------------------------------------------
Source: JNR Resources Inc.
JNR and Altius Form Uranium Exploration Alliance
Wednesday October 3, 9:00 am ET
http://biz.yahoo.com/cnw/071003/jnr_altius_uranium.html?.v=1
TSXV: JNN
SASKATOON, SK, Oct. 3 /CNW/ - JNR Resources Inc. (TSXV:JNN) and Altius Resources Inc. report that they have established an alliance to explore for volcanic-hosted uranium deposits in a defined area in central Newfoundland and have staked 10,584 claims covering 2,646 square kilometres (264,600 hectares) in one of the largest staking campaigns ever undertaken in eastern Canada.
The new claims cover felsic volcanic and related intrusive rocks of Silurian to Devonian age including much of the Topsails Igneous Suite and the Springdale Group, both of which feature very large areas of coincident anomalous uranium, molybdenum and fluorine values in lake sediment samples.
Field investigations have confirmed the prospective geological setting for volcanic-hosted uranium deposits and a review of limited reconnaissance work reported in 1981 reveal radiometric anomalies over volcanic rocks that represent exploration targets.
JNR and Altius plan to conduct prospecting and geological mapping following a large-scale combined airborne radiometric and magnetic survey to evaluate the claims and to identify new exploration targets.
JNR and Altius will each hold a 50% interest in the venture. In return for generating the project, Altius has retained a 2% Gross Sales Royalty on uranium products and a 2% Net Smelter Return on all other commodities. JNR has agreed to make an initial 50,000 share payment to Altius and an optional 50,000 share payment on the first anniversary.
Altius' principal business activities include the generation and acquisition of projects related to natural resources opportunities mainly located in Newfoundland & Labrador, Canada. For more information please visit www.altiusminerals.com.
JNR is led by a highly experienced management team with proven discovery success in uranium exploration. JNR has an interest in more than 362,000 hectares of highly prospective ground in the renowned Athabasca Basin of northern Saskatchewan.
JNR's Vice-President of Exploration, David L. Billard, PGeo, 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
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY
OR ACCURACY OF THIS NEWS RELEASE.
For further information
contact JNR Resources at (306) 382-2211 or (877) 567-6463
--------------------------------------------------------------------------------
Source: JNR Resources Inc.
JNR Announces Drilling Program Underway at Bell Lake
Thursday September 20, 9:00 am ET
http://biz.yahoo.com/cnw/070920/jnr_drill_bell_lake.html?.v=1
TSXV:JNN
SASKATOON, SK, Sept. 20 /CNW/ - JNR Resources Inc. (TSXV:JNN) (the 'Company') has been advised by the project operator Denison Mines Corp. (TSX:DML - News) that a planned 1,750-metre diamond drilling program is underway on the Bell Lake uranium Joint Venture located near the northeastern edge of the Athabasca Basin of northern Saskatchewan. The Company owns a 40% interest in the project, with Denison owning the remaining 60%.
The Company has also received the results of the 2006 summer/fall and 2007 winter exploration programs. Those programs consisted of some 235 kilometres of line cutting, 375 kilometres of ground magnetometer and time domain electromagnetic (TDEM) surveying and property-wide composite sandstone boulder sampling. In total, 646 samples were collected.
The geophysical program was designed to better define a discrete and extensive airborne EM signature interpreted from GeoTEM and MegaTEM surveys flown in 1999 and 2005. This program successfully identified a coincident, several kilometre long east-west EM/magnetic conductive trend through the central portion of the project lands, which is being targeted by the current drilling program. Several boulder samples with elevated uranium levels were also obtained from this area. The coincident EM/magnetic signature is interpreted to represent graphite-bearing pelites. The 2007 program is budgeted at $925,000.
The Bell Lake property currently consists of ten mineral claims totalling 30,767 hectares. Historic work consisted largely of airborne magnetic and EM surveys. In 1980, Saskatchewan Mining Development Corporation, one of the predecessor companies to Cameco, tested two east-west trending conductors with five diamond drill holes. The results were encouraging in that three of the holes returned anomalous uranium, lead and nickel values from altered basal sandstone, along with a favourable clay type, illite, plus chlorite. The best analytical result was 586 ppm uranium over 0.5 metres from the unconformity in drill hole BE-4. Depth to the unconformity was from 235 to 305 metres. Also of note is that the Bell Lake property is proximal to Cameco's La Rocque Lake uranium zone, where intersections of up to 31.9 % U(3)O(8) over 7.0 metres have been reported.
JNR's Vice-President of Exploration, David L. Billard, PGeo, 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
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY
OR ACCURACY OF THIS NEWS RELEASE.
For further information
JNR Resources at (306) 382-2211 or (877) 567-6463
--------------------------------------------------------------------------------
Source: JNR Resources Inc.
JNR Announces Airborne Surveys on the Crackingstone, Black Lake & Newnham Lake Uranium Projects
Tuesday September 18, 9:00 am ET
http://biz.yahoo.com/cnw/070918/jnr_airborne_surveys.html?.v=1
TSXV:JNN
SASKATOON, Sept. 18 /CNW/ - JNR Resources Inc. (TSXV:JNN) (the 'Company') has contracted Goldak Airborne Surveys to fly high resolution gradient magnetic surveys over its 100% owned Crackingstone, Black Lake and Newnham Lake uranium projects, located in the Athabasca Basin of northern Saskatchewan. Approximately 15,700 line kilometres will be flown in total. The results of these surveys will be used to better define targets on the Black Lake and Newnham Lake projects for drill testing during the 2008 winter campaign. This work is expected to be completed by mid to late October, 2007.
The Crackingstone project comprises 10,665 hectares and is located near Uranium City, adjacent to the north rim of the Athabasca Basin. Historic work on the property dates back to the 1950's and 1960's and was largely focused on the two southern claims that cover the Crackingstone Peninsula. During that time period the Gulch deposit and a number of uranium showings were discovered. A number of reserve estimates have been published for the Gulch deposit, none of which follow the prescribed terminology of NI 43-101. The most recent, a 1975 estimate by Gulch Mines Inc., reported "drill-indicated reserves" of 201,000 tons grading 0.09% U(3)O(8) (0.05% cut-off) and "possible reserves" of 315,000 tons at a similar grade. (Source: Mineral Bulletin MR213, June 1986, Energy, Mines and Resources, Canada). JNR believes the estimate to be relevant information but has not completed work necessary to verify its reliability. In 2006, JNR conducted a 1,350-line kilometre VTEM survey that identified a number of promising looking conductors for follow-up.
The Black Lake project comprises 41,783 hectares and is located along the north rim of the Athabasca Basin, approximately 20 kilometres southeast of the town of Stony Rapids and along the seasonal road to that community. The property covers a 40-kilometre strike length of the Snowbird/Black Lake structure, a major crustal feature that represents the strike extension of the mineralized Virgin River shear (Centennial Zone), located some 225 kilometres to the southwest. Prior exploration by the Company includes a 1,400-line kilometre airborne magnetic and MEGATEM survey flown over the property in 2005, and over 190 kilometres of linecutting and ground EM carried out during the past two winters. This work successfully identified a number of potential bedrock conductors for drill testing that range two to eight kilometres in length.
The Newnham Lake project comprises 27,723 hectares and is located on the northeastern margin of the Athabasca Basin, approximately 50 kilometres east of the historic Nisto uranium deposit. The property was staked after a review of historic work identified a number of geological, geophysical and geochemical features typical of unconformity-type uranium deposits. Prior exploration by the Company includes a 1,550-line kilometre airborne EM and magnetic survey flown in 2005 and a 900-line kilometre DIGHEM EM survey flown in 2006. Also completed in 2006 was some 110 kilometres of linecutting and ground EM. This work successfully identified a number of conductive and structural trends, most notably a broad 15-kilometre long, east-northeast-trending conductor associated with a metasedimentary assemblage within the central portion of the property. This area is also characterized by a large number of surficial geochemical anomalies in lake sediments, peats and soils (up to 5000 ppm uranium).
Details of follow-up programs will be finalized once the results from the airborne surveys have been received and interpreted.
JNR's Vice-President of Exploration, David L. Billard, PGeo, 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: http://www.jnrresources.com/s/Glossary.asp.
ON BEHALF OF THE BOARD
Rick Kusmirski
President & CEO
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY
OR ACCURACY OF THIS NEWS RELEASE.
For further information
JNR Resources at (306) 382-2211 or 1-877-567-6463
--------------------------------------------------------------------------------
Source: JNR Resources Inc.
JNR Announces Airborne Survey Underway on South Fork Uranium Project
Wednesday September 12, 11:00 am ET
http://biz.yahoo.com/cnw/070912/jnr_survey_underway.html?.v=1
SASKATOON, SK, Sept. 12 /CNW/ - JNR Resources Inc. (TSXV:JNN) (the 'Company') has been advised by the project operator, Uranium Power Corp. (TSXV:UPC), that Fugro Airborne Surveys has been contracted to carry out an airborne electromagnetic and magnetometer survey over the South Fork uranium project using the TEMPEST system. In total, just over 3,300 line-kilometres will be flown with a scheduled start up date of late September 2007.
The project is located in the east Cypress Hills area of southwestern Saskatchewan. The target is Eocene age paleochannels, which exhibit significant similarities to those which host uranium mineralization in the Powder River Basin uranium district of Wyoming. The Powder River Basin contains numerous roll-front uranium deposits which are amenable to in-situ recovery.
The TEMPEST system has been demonstrated to be effective in mapping channels and will be instrumental in planning further work. The results of this survey will be compiled with old drill data from the late 1970s and early 1980s and used to effectively design an extensive drill program planned for the spring of 2008.
The South Fork project is under option to Uranium Power Corp. (UPC). The terms of the agreement call for UPC to reimburse JNR for prior expenditures, not to exceed $100,000, and to carry out $1,500,000 of exploration by January 25, 2009 to earn a 50% interest in the project. UPC can then increase its interest to 65% by spending an additional $1,000,000 on exploration activities by January 25, 2011.
JNR's Vice-President of Exploration, David L. Billard, PGeo, 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
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY
OR ACCURACY OF THIS NEWS RELEASE.
For further information
JNR Resources, at (306) 382-2211 or (877) 567-6463
JNR and Altius Resume Uranium Exploration at Rocky Brook
Tuesday August 21, 9:00 am ET
http://biz.yahoo.com/cnw/070821/jnr_rocky_brook_mine.html?.v=1
SASKATOON, SK, Aug. 21 /CNW/ - JNR Resources Inc. (TSXV:JNN) and Altius Minerals Corporation; jointly the "Companies" are pleased to report on the results of the 2006 exploration program and announce that the 2007 diamond drilling program on the Rocky Brook uranium property is underway. Located in western Newfoundland, Canada, exploration at Rocky Brook is focused on the discovery of bedrock sources for two discrete high-grade boulder clusters in glacial till, with reported historical assays ranging from 1% to more than 10% U(3)O8 as well as very high-grade silver contents.
The 2006 diamond drilling program was carried out between July and December and consisted of 65 holes totalling 2,881 metres. Highlights include the best mineralization intersected to date on the property, in two holes located approximately 50 metres east of the Wigwam Brook boulder field and within a broad 700-metre long drill-defined radioactive bedrock anomaly. The anomalous radioactivity appears to be stratigraphically controlled and occurs within a hematized sandstone unit bounded by interpreted reverse faults. RB-06-117 intersected a grade equivalent (downhole-probe result) of 0.54% U(3)O8 over 0.10 metre within a 0.4-metre interval that assayed 0.075% U(3)O8 and 4.4 ppm silver. Fifty metres to the south, RB-06-127 intersected a 0.5-metre interval of 0.080% U(3)O8, 1030 ppm copper and 2.2 ppm silver. Both intersections occur at shallow depths just below the overburden/bedrock interface. Other significant mineralization intersected in the Wigwam Brook area includes a 0.5-metre interval in RB-06-126, located 10 metres east of hole RB-06-117, that assayed 0.021% U(3)O8, 900 ppm copper and 5.2 ppm silver.
Anomalous radioactivity was encountered in several holes drilled immediately northwest of the Birchy Hill Brook boulder anomaly. The radioactive zones occurred immediately below the overburden/bedrock interface and are associated with hematized sandstone and mudstone units. The drill holes tested a prominent magnetic lineament, interpreted cross structures and a colour-defined redox boundary.
The 2006 airborne geophysical program was completed in July 2006 and consisted of approximately 1,200 line kilometres of radiometric, magnetic and electromagnetic surveying over the Rocky Brook claims. The program identified several prominent magnetic and radiometric anomalies in the areas of the historic Wigwam Brook, Birchy Hill Brook and Goose prospects, as well as a number of anomalous zones elsewhere. The radiometric survey proved to be the most effective in locating and extending a number of radioactive boulder trains.
The planned 2007 exploration program is budgeted at just over $600,000 and includes 3,000 metres of diamond drilling and a nominal amount of trenching. The drilling program will focus on the Wigwam Brook area where the results to date indicate a complex stratigraphic/structural control to the mineralization and geochemical enrichment, and the Birchy Hill Brook area. An environmentally low-impact trenching program will be carried out in the Wigwam Brook area.
Samples were analysed at the Saskatchewan Research Council Laboratory in Saskatoon. JNR's Vice President of Exploration, David L. Billard, PGeo, 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
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
For further information
JNR Resources, at (306) 382-2211 or (877) 567-6463
--------------------------------------------------------------------------------
Source: JNR Resources Inc.
JNR Announces Appointment of New Director and Officers
Wednesday May 16, 2:26 pm ET
TSXV: JNN Email: info(at)jnrresources.com Website: http://www.jnrresources.com
SASKATOON, SK, May 16 /CNW/ - JNR Resources Inc. (TSXV:JNN). Mr. Rick Kusmirski, President, is pleased to announce the appointment of Dave Billard as Vice-President of Exploration and to the Company's Board of Directors.
Mr. Billard is a professional geologist with more than 25 years experience in the mining and exploration industry. Since 1999, he has been a consulting geologist specializing in uranium exploration in the Athabasca Basin of Saskatchewan and for the past two years he served as the Company's Exploration Manager. He was also directly involved in the discovery of the Maverick Zone on the Company's Moore Lake uranium Joint Venture. Prior to his association with JNR, Mr. Billard was employed by Cameco Corporation for over 12 years, exploring for uranium, gold, base metals and diamonds in Western Canada and the western United States.
The Company also announces the appointment of Cathy Lashta, as Chief Financial Officer and Secretary of the Company. Tracy Hurley has resigned as Secretary, but will remain as a Director of the Company.
ON BEHALF OF THE BOARD
Rick Kusmirski
President & CEO
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY
OR ACCURACY OF THIS NEWS RELEASE.
For further information
JNR Resources, at (306) 382-2211, or (877) 567-6463
--------------------------------------------------------------------------------
Source: JNR Resources Inc.
http://biz.yahoo.com/cnw/070516/jnr_appoints_officers.html?.v=1
JNR to Option South Fork Project to Uranium Power Corporation
Monday May 14, 8:30 am ET
TSXV: JNN Email: info(at)jnrresources.com Website: http://www.jnrresources.com
SASKATOON, SK, May 14 /CNW/ - JNR Resources Inc. (TSXV:JNN) is pleased to announce that it has signed an option agreement with Uranium Power Corp (UPC-TSX.V) whereby UPC can earn up to a 65% interest in the South Fork project, located to the east of the Cypress Hills in southwestern Saskatchewan.
The terms of the agreement call for UPC to reimburse JNR for prior expenditures, not to exceed $100,000, and to carry out $1,500,000 of exploration by January 25, 2009 to earn a 50% interest in the property. UPC can then increase its interest to 65% by spending an additional $1,000,000 on exploration activities by January 25, 2011. UPC will be the operator.
The project consists of just over 50,000 hectares with excellent potential to host roll-front uranium deposits, in a geological environment very similar to the prolific Powder River Basin in Wyoming. In Wyoming, such deposits are commonly amenable to in situ leach recovery. The property is underlain by sandstones and shales of the Frenchman and Ravenscrag Formations.
The area was explored in the late 1970's and early 1980's by Saskatchewan Mining Development Corporation (SMDC), a predecessor company of Cameco Corporation. SMDC carried out regional geochemical and geophysical surveys, followed by reconnaissance drilling programs. These field activities resulted in the identification of several extensive regional redox systems that were never followed up to any great extent. SMDC dropped the project after the 1982 field season due to depressed uranium prices. Reconnaissance-scale drilling by SMDC intersected anomalous uranium concentrations over widespread areas.
An aggressive exploration program is planned for 2007. This will include a variety of geophysical surveys, likely followed by drilling this fall. The planned exploration budget for the assessment year ending January 25, 2008, is $750,000.
Rick Kusmirski, President of JNR Resources commented, "The opportunity to work with UPC affords us the ability to utilize UPC's operational expertise in the exploration and development of in situ recoverable uranium deposits. We are very pleased to be working with UPC in this regard."
Dave Billard, P.Geo, Exploration Manger for JNR Resources is the Qualified Person responsible for the technical content contained in this release.
ON BEHALF OF THE BOARD
Rick Kusmirski
President & CEO
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
For further information
JNR Resources at (306) 382-2211 or (877) 567-6463
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Source: JNR Resources Inc.
http://biz.yahoo.com/cnw/070514/jnr_uranium_project.html?.v=1
THREE STEALTH URANIUM INVESTMENTS
by the editors of Casey Energy Speculator
CaseyResearch.com
March 29, 2007
http://www.financialsense.com/editorials/casey/2007/0329.html
It’s not 1998 anymore. In that year, Casey Research Chairman Doug Casey first recommended a then little-known commodity: uranium. The metal was trading in the single digits, with few except nuclear engineers and ivory tower academics paying any attention to it.
Fast forward to 2007. Uranium prices have exploded nearly tenfold to $85/lb, and appear poised to go even higher as growing global demand for nuclear power taxes an already tight supply of yellowcake. In 1998 there were less than 10 publicly traded companies exploring for uranium. Today—by many estimates—there are hundreds.
Yet, while the future for uranium metal looks bright, the outlook for many of the stocks is less certain. To be blunt, most of today’s uranium issues are overhyped and overpriced, exposing investors to the ever-growing risk of a pullback in share prices.
This dichotomy—great commodity, so-so stocks—presents a significant investment challenge. Simply put, investors looking to profit from the outpouring of interest in yellowcake today must be far more creative than previously if they hope to uncover sub-sectors of the uranium space that haven’t already been overinflated by the hurricane wind of promotion. A tall order to be sure, but one that we at the Casey Energy Speculator have been digging deep on for several months.
Below, we discuss three areas where investors can still find value largely unrecognized by the lumpeninvestoriat—the kind of potential that can lead to double- and even triple-digit gains once those beyond the leading edge of the bell curve catch on and start piling in.
#1: Basement-hosted Deposits
Every uranium investor is probably already aware of the flooding problems at the Cigar Lake mine in northern Saskatchewan. The mine—which was slated to produce 16% of world mined uranium supply—was plunged into doubt in October 2006 after water began gushing into the underground workings.
The problem is that the Cigar Lake ore is hosted in sandstone—a rock type through which water flows easily, to the detriment of engineers. But not all deposits in Saskatchewan’s prolific Athabasca Basin are sandstone-hosted. Some uranium occurs in so-called “basement” rocks—more competent, drier layers beneath the sandstone. The problem is that many basement deposits are deep, which increases mining costs.
But it’s a lesser-known fact that more accessible basement ores are found outside of the Athabasca Basin proper. In these outlying areas, the sandstone that once covered the basement has been eroded, making deposits easier to get at. In fact, one of the Basin’s largest mines—Key Lake—was found in such a setting.
But while basement deposits are extremely prospective, they have been largely ignored by investors, who focus more on those companies working the thick of things in the middle of the Basin. The basement deposits have been ignored largely because most of the recent mines have been found underneath the sandstone and so exploration has tended to focus there. In addition, until recently, scientific understanding of basement deposits was also poor, but considerable advancements have been made over the past 20 years, since the last uranium cycle. Therein lies the opportunity. Many companies with prospective basement deposits have none of this upside factored into their share price, meaning we can take a low-cost ride on the potential of such plays.
One of our favorites is JNR Resources’ Way Lake project. The property has yielded phenomenally high-grade samples (greater than 40% U3O8), and yet many investors have never heard of the play. That will likely change this summer when JNR (sym: JNN. TSX-V) begins drilling. Some high-grade intersections are a distinct possibility and could well bring investors running to this company and others working the basement, including Hathor Exploration (HAT.TSX-V, Triex Minerals (TXM.TSX-V), and Forum Uranium (FDC.TSX-V).
#2: Low Grade Makes a Comeback
For years, low uranium prices meant that exploration companies searched mainly for high-grade ores—the type of deposits that all but guarantee a profit even during downturns in the market. But with prices rising, the industry is now realizing that lower-grade deposits may be important sources of yellowcake. After all, such ores are very profitable with uranium at multi-year price highs.
In fact, one of the world’s largest uranium mines—Rossing, Namibia—works a bulk tonnage target at grades less than 0.1% U3O8. It’s no wonder that a number of companies are now quietly looking for the next Rossing. Where might such a mega-deposit be found? Perhaps very close to home. The province of Quebec has long been known to host so-called pegmatite uranium deposits—similar to the geology of Rossing.
A few explorers have been catching our attention with potentially high-impact targets in this region. For example, Uracan Resources (URC. TSX-V) has assembled a prospective land package in southern Quebec, with trenching yielding results of 0.2% U3O8 over as much as 40 meters. The company will be drilling aggressively in 2007 to prove up a resource, which shows signs of being sizeable.
And the coming year may see the discovery of a completely new Rossing-type deposit in northern Quebec. Quebec experts Azimut Exploration (AZM.TSX-V) along with partner Northwestern Mineral Ventures (NWT.TSX-V) spotted the potential in the area a few years ago, confirming their hypothesis through sampling in 2006 at the North Rae project which yielded assays of up to 0.5% U3O8—ten times the average grade at the Rossing deposit. And like Rossing, the North Rae mineralized system appears to extend over several tens of kilometers, giving it potential for huge ore reserves.
The initial drill program on the target will be completed during the coming season, possibly representing a turning point and driving home to investors that Quebec has the potential to host a world-class deposit. (We’ll be paying very close attention to the progress of the drill program in the pages of the Casey Energy Speculator).
#3: Go Where No Company Has Gone Before
The recent uranium boom has led the new crop of explorers to nearly every country on the planet. Wherever there are available yellowcake deposits, junior companies have lined up to stake land, swing scintillometers and Swiss-cheese the ground with drill holes.
The key word being available. While many nations are open to uranium exploration, there are several localities where authorities have been less inviting. Two of the most significant are India and Brazil. Both have known deposits of significant scale—in fact, Indian drills have cut high-grade uranium up to 10% U3O8.
And yet officials in these countries have not been granting exploration licenses. At least not yet. In recent conversations with Indian government officials, we’ve learned that the country may soon be opening up to exploration, with talks already underway with several companies already well positioned to lead the charge into India’s high-grade basins.
Another emerging district we are keeping an eye on is the African island of Madagascar. Although the nation’s geology is extremely prospective for uranium, the country was effectively closed to exploration for much of the past century due to an oppressive dictatorship. But with the changes in that country’s government over the last decade, we are starting to see permits being granted. Already a number of companies have accumulated significant land packages and we expect the news to start flowing sooner rather than later.
While there is no question that the easy profits in uranium have been made, the big money is yet to come… you just need to know where to look. And if you sign up for a trial subscription to the Casey Energy Speculator right now, Doug will send you a special report containing the research he’s done on 5 Uranium Winners he thinks have the potential to deliver big gains.
JNR Reports More High-Grade Uranium Results at Moore Lake
Friday February 23, 9:15 am ET
SASKATOON, Feb. 23 /CNW/ - JNR Resources Inc. (TSXV:JNN) and Denison Mines Corp. (TSX:DML - News) jointly the "Companies" are pleased to announce the results from the 2006 summer/fall diamond drilling program on the Moore Lake uranium project located in the Athabasca Basin of northern Saskatchewan. The program consisted of 38 holes totalling 14,317 metres. The Moore Lake project is a joint venture between the two companies, with participating interests of 25% (JNR) and 75% (Denison).
The Companies are pleased with the results, which continue to outline uranium mineralization in the Maverick Main zone and demonstrate the highly prospective nature of the 6.5-kilometre long Maverick structural corridor, over 50% of which has yet to be drill tested, and the Avalon conductive zone. Significant assay results are presented in Table 1.
Infill drilling on the Maverick Main zone intersected uranium mineralization in all six holes, with high-grade intersections in three of them. ML-140 returned 3.20% U3O8 over 6.5 metres including a 3.5-metre intercept of 5.25% U3O8, 2.1% nickel and 0.65% cobalt. ML-139 returned 1.23% U3O8 over 8.5 metres, including a 1.5-metre intercept of 4.20% U3O8. The mineralization in both of these holes occurs at the unconformity and in the basal sandstone. Also at the Maverick Main zone, ML-133 intersected two zones of mineralization. A high-grade zone at the unconformity returned 2.72% U3O8, 2.30% nickel and 0.905% cobalt over 5.0 metres, including a 2.0-metre intercept of 4.25% U3O8. ML-133 also intersected mineralization in the basement associated with clay-altered graphitic pelites, returning 0.611% U3O8 over 3.5 metres.
Uranium mineralization was intersected in all three holes that tested the '527' area, with the best result obtained from ML-136 returning 0.50% eU3O8 over 7.0 metres.
Significant results were obtained from several holes that tested the minimum 4.0-kilometre long conductive zone on the Avalon grid. Of particular interest was ML-850, which represents the first-pass drilling of a 1.0-kilometre segment of the zone. It intersected a broad 25-metre zone of highly anomalous radioactivity located well beneath the unconformity.
Extensive structural disruption and/or anomalous geochemistry were intersected in the majority of holes that tested other target areas. Further details are presented below. A full evaluation of all of these zones will be undertaken, and follow up drilling is planned on a number of highly prospective targets.
The 2007 winter exploration program is well underway. It will consist of a planned minimum of 10,000 metres of diamond drilling and 110 kilometres of linecutting and ground geophysics. A property-wide airborne resistivity and magnetic survey will also be carried out. Two drills are currently operating, and in light of the substantial freeze this winter, they will focus on muskeg and lake covered targets in the West Venice, Venice, Volhoffer, Puka Puka and West Maverick areas. The JV has budgeted a total of $5 million for exploration in 2007.
It should be noted that depths to the unconformity along the Maverick structural corridor are relatively shallow at 270 to 275 metres. In the Avalon area they are on the order of 320 to 330 metres. The shallowest unconformity depths on the property (~200 metres) are on the Rarotonga grid.
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JNR Resources Inc. (TSX Venture - JNN) is a junior resource company currently engaged in the exploration and development of mineral properties 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.
Background
In February 1997, with uranium prices on the rise and expected to increase substantially within the decade, JNR Resources began to acquire a significant land position in the Athabasca Basin of northern Saskatchewan. The Athabasca Basin is recognized as the most prospective uranium-mining district in the world. JNR's highly experienced technical team engaged in a systematic program by of prioritizing and staking targets based on geology, metallogenic models and extensive review of historical assessment records. JNR's early foresight of a strong uranium market enabled the Company to acquire its prospective ground long before the Athabasca staking rush and current exploration "area play".
JNR's holdings in the Basin include a 100% interest in 5 properties totalling 164,626 hectares, a 30,767-hectare joint venture with Denison Mines Corp. (Dension; formerly International Uranium Corporation) where JNR holds a 40% interest, and an additional 7 properties totalling 166,750 hectares in which Denison has the option to earn varying interests.
In Dec 2004, JNR entered into a joint venture agreement with Altius Mineral Corporation to earn a 70% interest in their Rocky Brook uranium property located in western Newfoundland. The property is approximately 11,000 hectares in size and features three distinct areas of un-sourced, altered and mineralized sandstone boulders with reported values of up to 11.5% U3O8 and 859 oz/t (2.9%) silver.
Technical Expertise
President & CEO, Rick Kusmirski, MSc, PGeo, has 30 years of experience in exploration in North America and overseas, and has actively participated in the discovery of a number of gold, uranium, and base metals deposits. Rick joined JNR Resources in 2000 and subsequently directed the exploration program that led to the discovery of the Maverick Zone on the Moore Lake joint venture property. Prior to joining JNR, Rick was the Exploration Manager for Cameco Corporation's uranium projects in the Athabasca Basin.
Heading up the Company's Technical Advisory Committee is Dr. Les Beck, PEng, PGeo, a world-renowned uranium expert and the author of numerous scientific publications dealing with uranium deposits in Saskatchewan, including, "Uranium Deposits in the Athabasca Region". Dr. Beck is the former Executive Director of the Geology & Mines Division for Saskatchewan Energy & Mines.
Rounding out JNR's technical team is Vice-President, Exploration, David Billard, BSc, PGeo, with 30 years of industry experience, including 12 years with Cameco Corporation in western Canada and the western United States. Irvine Annesley, PhD, PGeo, is Director of Exploration, with 30 years of industry experience including the past 19 as a senior research geologist with the Saskatchewan Research Council. JNR's Chief Geochemist, Ken Wasyliuk, MSc, PGeo, has over 20 years of industry experience including 16 years with Cameco Corporation, where he became an expert on geochemical and clay alteration patterns associated with uranium deposits in the Athabasca Basin.
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COMPANY WEB PAGE
http://www.jnrresources.com/s/Home.asp
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JNR RESOURCES INC.FILINGS & PUBLIC DOCUMENTS with SEDAR
http://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00003829
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SHARE STRUCTURE
Authorized shares: Unlimited
Shares outstanding: 88,645,505
Options outstanding: 4,150,000
Fully diluted: 92,795,505
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