JNR Resources Inc fka JNN

[sumisu]

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.


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Source: JNR Resources Inc.