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JNR Completes Airborne Gravity Survey on the Newnham Lake Property


Published on 2011-03-09 13:10:28 - Market Wire
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TSXV:JNN
Email:  [ info@jnrresources.com ]
Website:  [ www.jnrresources.com ]

SASKATOON, March 9 /CNW/ - JNR Resources Inc. (TSXV: JNN) (the 'Company') as operator, has completed a 1,379 line-km airborne gravity gradient survey over its 100% owned Newnham Lake project (8 claims, 27,723 ha). The results of this survey have been processed and now are being interpreted and integrated with previous ground and airborne geophysical programs to further define drill targets.

Preliminary results of the aircraft-borne, full tensor 3D gravity gradient survey clearly show that this program was successful in better defining the structural setting of the property. Several 'zones of interest' outlined within the Newnham Lake claims lie along extensive corridors of well-defined, structurally-disrupted basement conductors. The corridors are typically several km in strike length. This property is now at a drill-ready stage with numerous high-priority targets identified.

The Newnham Lake project straddles the northern margin of the Athabasca Basin and lies directly along the Cable Bay Shear zone. This is a major transcrustal structural feature, which exhibits many of the positive geochemical and geological attributes required for the formation of significant uranium deposits. Although the property has been drill-tested historically, many high-priority targets remain. These better defined targets are anticipated to be the focus of future drilling programs.

JNR Resources is a junior exploration company primarily focused on uranium exploration and development in the provinces of Saskatchewan and Newfoundland. The company has a varied interest in several prospective uranium properties in the Athabasca Basin of northern Saskatchewan that have been and will continue to be the focal point of JNR's exploration efforts.

JNR's Director Exploration, Dr. Irvine R. Annesley, P.Geo, 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

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Statements contained in this news release that are forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to the accessibility to the property; operational risks; weather; availability of equipment and personnel; changes in project parameters as plans continue to be refined; delays in obtaining governmental approvals; delays or failure in obtaining financing on acceptable terms. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

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