JNR Extends Areas of Uranium Mineralization at Way Lake

SASKATOON, SK, July 21, 2011 /CNW/ - JNR Resources Inc. (TSXV: JNN) ('JNR' or the 'Company') is pleased to report geoanalytical results from the 2011 winter diamond drilling program on the Company's 100% owned Way Lake uranium project, located 55 kilometres east of the Key Lake uranium mine in the Athabasca Basin of northern Saskatchewan. Drilling has extended the Fraser Lakes Zone B to the east-northeast, and anomalous U-Th mineralization has been intersected in a new area, Fraser Lakes North.

The 2011 drilling program comprised 2,590 metres in 10 holes. Four holes tested the east-northeast extension of the Fraser Lakes Zone B. Six holes tested ancillary structural/mineralized targets related to the Fraser Lakes Zone B; located within previously untested portions of a folded, 65-km long electromagnetic (EM) graphite-sulfide-rich conductor system. Six of the 10 drill holes intersected anomalous radioactivity accompanied by significantly disrupted and locally clay-altered Wollaston Group graphitic pelitic gneisses and uraniferous granitic pegmatites.

Multiple intervals of uranium and/or thorium (U-Th) mineralization were intersected in four new holes (WYL-11-68, -69, -70, and -71; Table 1) that tested Fraser Lakes Zone B on its east-northeast end. The better U-Th intersections occur in drill holes WYL-11-68, -70 and -71, and are accompanied by highly anomalous concentrations of base metals and rare earth element (REE) enrichment. At a cut-off grade of 0.025% U₃O₈, the results from WYL-11-68 and -70 are impressive. To date, drilling of this zone has identified an extensive area approximately 1,250 metres long by 650 metres wide of moderately dipping, multiple stacked uranium and thorium mineralized horizons, which are open to the southwest and east-northeast to a depth of at least 175 metres.

Anomalous radioactivity was intersected within a new area, Fraser Lakes North, located 5 kilometres northeast of Fraser Lakes Zone B. Drill holes WYL-11-73 and -74 (Table 1) report low-grade, basement-hosted U-Th mineralization in graphitic pelitic gneisses and granitic pegmatites. These holes also exhibit evidence for major structural reactivation, significant clay alteration, uranium remobilization, and basinal brine fluid circulation.

The exceptional exploration potential of the Fraser Lakes area is further supported by geoanalytical results from PIMA infrared spectroscopy of four holes drilled in the T-Bone Lake area (News Release: June 17, 2010), located 4 kilometres west-southwest of Fraser Lakes North and due north of Fraser Lakes Zone B. These results indicate a preponderance of the important pathfinder mineral, illite, within a major clay-filled fault system that was intersected in 2010.

Dave Billard, Vice-President Exploration and COO for JNR, comments: "These results confirm that the Fraser Lakes district has significant exploration upside, with many targets having the potential to host high-grade uranium mineralization. Geological and geochemical features identified in the Fraser Lakes district show distinct similarities to high-grade, basement-hosted discoveries in the Athabasca basin, such as Cameco's Millennium and Hathor's Roughrider deposits".

Results from the 2011 drilling program continue to demonstrate the significant uranium and metal endowment within the Fraser Lakes district, and will be integrated within on-going exploration models to plan and facilitate JNR's next phase of drilling new targets.

Table 1. Fraser Lakes Area - Significant Drill Results

  DDH#   From(m)To(m) Width(m)U3O8%ThO2%          Other Metals (%)           
WYL-11-68 164.00166.00    2.000.0290.031     Cu-0.015, V-0.012, Zn-0.013     
          172.00173.00    1.000.0740.088         Cu-0.017, Pb-0.025          
          173.50174.50    1.000.0350.039         Cu-0.074, Pb-0.011          
          209.50211.00    1.500.028               Anomalous Th, Pb           
          212.00213.50    1.50 0.050.031              Pb-0.015               
          232.80233.50    0.70     0.034     Anomalous U, Cu, Pb, and Zn     
          281.60282.10    0.500.0760.181          Pb-0.02, Zn-0.019          
                                                                             
WYL-11-69 135.50136.50    1.000.0330.039              Cu-0.012               
          137.50138.00    0.50               Cu-0.044, V-0.009, Zn-0.008     
                                                                             
WYL-11-70  99.50100.00    0.50     0.051             Anomalous U             
          190.50192.50    1.50          Cu-0.012, Ni-0.03, V-0.041, Zn-0.065 
          198.20199.20    1.000.0980.080         Pb-0.024, Zn-0.033          
          208.00211.00    3.000.0530.054     Mo-0.017, Pb-0.018, V-0.01      
          212.80213.80    1.000.0380.029         Pb-0.014, Zn-0.012          
          214.00214.50    0.500.024               Anomalous Mo, Th           
          217.20217.70    0.500.0440.030                                     
          218.20218.70    0.500.0450.040              Mo-0.019               
          220.50221.00    0.500.0250.023                                     
          225.40226.40    1.000.0360.049    Cu-0.022, Mo-0.013, Zn-0.012     
          234.50236.00    1.500.0250.021                                     
          260.00262.00    2.000.0430.027            Anomalous Pb             
                                                                             
WYL-11-71 144.50145.50    1.00     0.046                                     
          148.00149.50    1.50                   Anomalous Th, V, Zn         
          150.50151.00    0.50     0.047           Anomalous Mo, U           
          153.50154.50    1.00     0.028                                     
          212.00214.00    2.00          Cu-0.031, Ni-0.041, V-0.039, Zn-0.02 
          216.50217.50    1.00               Cu-0.012, Ni-0.03, V-0.027      
          247.00252.50    5.50               Cu-0.023, V-0.017, Zn-.014      
          287.75288.00    0.25                Cu-0.51, V-0.015, Zn-.009      
                                                                             
WYL-11-72 142.50143.50    1.00               Ni-0.023, V-0.024, Zn-0.027     
                                                                             
WYL-11-73 135.00135.50    0.50     0.022             Anomalous U             
          197.50203.00    5.50          Cu-0.023, Ni-0.039, V-0.041, Zn-0.061
including 197.50199.00    1.500.0020.002Mo-0.01, Ni-0.049, V-0.056, Zn-0.176 
                                                                             
WYL-11-74  41.00 43.50    2.50                     Anomalous U, Th           
          123.00125.50    2.50               Cu-0.011, V-0.016, Zn-.015      

Note: All holes were drilled at a 45 to 50 degree angle across the lithostratigraphic/radioactive horizons on sections consisting of at least two drill holes. Widths represent downhole core lengths; true widths cannot be reliably estimated at this time. 0.025% U₃O₈ and 0.030% ThO₂ cut-offs were applied.

JNR's Director of Exploration, Dr. Irvine R. Annesley, PGeo, is the qualified person responsible for the technical data presented in this release. Samples were analyzed at the Saskatchewan Research Council Geoanalytical Laboratories in Saskatoon, SK, a Standards Council of Canada (CCRMP) certified analytical laboratory. 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

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