Mr. Rick Kusmirski reports
JNR COMMENCES 2011 SUMMER DRILLING PROGRAM AT SNOWBIRD URANIUM PROJECT
JNR Resources Inc. has commenced a
minimum 1,000-metre summer diamond drilling program on the company's 100-per-cent-owned Snowbird uranium project, located in the Athabasca basin of Northern
Saskatchewan.
The Snowbird property straddles the southern edge of the Athabasca basin directly
along the footwall of the Snowbird tectonic zone, a major transcrustal
structural feature that includes the southwest strike extension of the
Virgin River shear zone, which hosts Cameco's Centennial deposit.
The company has identified well-defined drill targets at shallow depths
that are lithostructurally similar/related to those of the Centennial
deposit (Cameco Corp./Formation Metals Inc.), located
approximately 20 kilometres northeast and on strike of the property. At
Centennial, a 650-metre-long mineralized zone with drill intersections of
up to 8.78 per cent U3O8 over 33.9 metres has been outlined at approximately 800 metres depth (Formation
Metals news release May 30, 2011).
Management strongly believes the Snowbird district has the potential to
host a significant uranium deposit. The substantial uranium and metal
endowment in the Snowbird district, lack of sandstone cover and shallow
depth to mineralization allows for efficient and timely exploration of
these targets.
JNR's director of exploration, Dr. Irvine R. Annesley, 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.
We seek Safe Harbor.
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