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
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