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JNR Resources Inc announced that a winter diamond drilling program will commence shortly 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. The Way Lake project comprises seventeen contiguous claims totalling 71,795 hectares.
The planned drilling program comprises some 2,500 metres (fifteen to twenty holes) and will focus on widespread outcrops of uranium mineralization (+/- thorium and rare earth metals), referred to as the Fraser Lakes uranium showings (Fraser Lakes A and B zones). These mineralized zones are contained within a 5-kilometre-long interval of a 65-kilometre-long folded electromagnetic (EM) conductor system comprised of Wollaston Group graphitic pelitic gneisses (+/-sulphides) and uraniferous granitic pegmatites. The mineralized zones were discovered by ground prospecting of airborne geophysical targets during the summer of 2008, when close to 100 individual mineralized outcrop sites were identified.
The B zone showings occur within an antiformal fold nose of the EM conductor and are currently the more prospective of the two mineralized zones. Over 70% of the grab samples taken from some 70 individual mineralized outcrop sites assayed from 0.03 to 0.457% U(3)O(8). The B zone was tested by three drill holes at the end of the 2008 program. The best results were from hole No.525, which intersected numerous uraniferous intervals. Of particular note was a 12.0-metre intersection from 77.50 to 89.50 metres down hole that returned 0.081% U(3)O(8); including a 3.0-metre intercept of 0.193% U(3)O(8) (true widths cannot be reliably estimated at this time).
The 2009 drilling program tested a 1,500-metre strike length of the B zone conductor and associated alteration system with fifteen completed drill holes. Multiple intervals of uranium and/or thorium mineralization were intersected in several drill holes. This mineralization is accompanied by rare earth element enrichment and highly anomalous levels of pathfinder elements. Some of the better intersections occur in drill holes WYL-09-39, -41 and -50. At a grade cutoff of 0.029% U(3)O(8), hole No.39 returned seven mineralized intervals over a 30-metre downhole length, including a 0.15-metre intercept of 0.166% U(3)O(8) and 0.112% thorium. The best result from hole No.41 was 0.134% U(3)O(8) and 0.77% thorium over 1.0 metre, while the best result from hole No.50 was 0.183% U(3)O(8) and 0.062% thorium over 1.0 metre.
The A zone showings occur within a synformal fold nose at the southern end of the EM conductor, from which outcrop grab samples contained up to 0.042% U(3)O(8). Seven holes were drilled in this area, three of which intersected broad zones of significantly altered and structurally disrupted graphitic pelitic gneisses accompanied by anomalous levels of pathfinder elements, particularly copper, nickel, vanadium, bismuth and zinc.
Dr. Irvine Annesley, Director of Exploration for JNR comments: "The Fraser Lakes district has numerous similarities to nearby basement-hosted uranium deposits, such as Eagle Point, Millennium and the Roughrider Zone. Furthermore, all of the drill targets identified in the Way Lake project area have the potential for this kind of basement-hosted uranium mineralization at or near surface."
The drilling program is expected to continue until late March/early April. Results will be reported on once they have been received and interpreted.