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Enter Symbol
or Name
USA
CA



JNR Resources Inc
Symbol JNN
Shares Issued 106,160,234
Close 2011-10-05 C$ 0.08
Market Cap C$ 8,492,819
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JNR Resources begins fall exploration at Topsails

2011-10-06 09:16 ET - News Release

Mr. Rick Kusmirski reports

JNR/ALTIUS COMMENCE 2011 FALL EXPLORATION PROGRAM AT TOPSAILS PROJECT, NEWFOUNDLAND

JNR Resources Inc. has released an update from the Sheffield Lake South copper prospect on its Topsails project in west-central Newfoundland. The Topsails project is a 50/50 alliance between the company and Altius Resources Inc. that was established to explore for volcanic-hosted uranium deposits in a defined area of west-central Newfoundland near the mining community of Buchans.

The 2011 exploration program, budgeted at approximately $100,000, is under way. This program will be carried out on the Sheffield Lake South Cu prospect, and will follow up the encouraging results obtained in 2009 and 2010. It will involve detailed prospecting, trenching, geological mapping and sampling to further extend the area of the Sheffield Lake South prospect.

In 2009, reconnaissance prospecting resulted in the discovery of disseminated and vein-hosted Cu, molybdenym, lead and silver mineralization (plus or minus zinc, uranium and rare earth elements enrichment) at Sheffield Lake South, with anomalous Pb and Mo values up to 13.9 per cent and 0.55 per cent, respectively.

In 2010, extensive prospecting of the Sheffield Lake South area was carried out with 47 rock samples collected. The best mineralization in these samples comprises up to 3.9 per cent Mo, 1.9 per cent Pb, 0.36 per cent Cu and 95.3 grams per tonne Ag. The 2010 soil sampling survey also returned anomalous geochemistry from 104 soil samples.

JNR is led by a highly experienced management team with proven discovery success in uranium exploration. In addition to its projects in Newfoundland, the company has an interest in 13 properties totalling about 323,768 hectares of highly prospective ground in the renowned Athabasca basin of Northern Saskatchewan.

JNR's director of exploration, Dr. Irvine R. Annesley, 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. A glossary of the technical terms included in this release can be found on the company's website.

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