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JNR Resources Inc.
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Saskatoon, SK, September 17, 2009 - JNR Resources Inc. (TSXV:JNN) (the 'Company') has finalized the interpretation of airborne geophysical surveys flown over its 100% owned Black Lake and Newnham Lake uranium projects located in the Athabasca Basin of northern Saskatchewan. These results have been integrated with prior ground and/or airborne geophysical surveys to further define targets for drill testing.
At
Black Lake, a 3,289 line-kilometre gravity gradiometer survey was flown in the fall of 2008. This survey provided additional geological information, both near surface and at depth, and defined new targets for drilling. Seven gravity targets having a range of characteristics common to Atahabasca uranium deposits were identified.
During the spring of 2009, a 350 line-kilometre AirMT (ZTEM) test survey was flown over the southern part of the
Black Lake property and better delineated the deeper EM conductors. Also completed was the reprocessing of the 2005 Megatem data by Condor Consulting, which defined five 'zones of interest' in the central part of the property coinciding with the gravity anomalies.
At
Newnham Lake a 4,243 line-kilometre gradient magnetic survey flown in the spring of 2008 identified a number of interesting magnetic settings and anomalies. This was followed up by a 1,547 line-kilometre high-resolution ZTEM survey. Seven initial 'zones of interest' were selected on the basis of a favourable geophysical/geological correlation.
Over the past four years, the Company has carried out a number of exploration programs on the
Black Lake and
Newnham Lake projects and advanced both to the 'drill-ready' stage. To that end, the Company plans to leverage its equity in these projects and is actively seeking partners to fund an extensive 2010 drilling campaign.
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 tectonic zone, a major transcrustal structural feature that represents the strike extension of the mineralized Virgin River shear (Centennial Zone) located some 225 kilometres to the southwest.
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. Historic work on the property identified a number of geological, geophysical and geochemical features typical of unconformity-type uranium deposits. Of particular interest are 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 5,000 ppm uranium).
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
For further information contact JNR Resources at 306.382.2211 or 877.567.6463
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