JNR Commences 2011 Drilling Program at Way Lake Uranium Project

JNR Resources Inc. (TSXV:JNN) reports diamond drilling program is underway on its Way Lake uranium project, Athabasca Basin of northern Saskatchewan.

The press release is quoted as saying:

The B Zone showings occur within an antiformal fold nose of a 65-kilometre-long folded electromagnetic (EM) conductor system comprised of Wollaston Group graphitic pelitic gneisses (+/-sulphides) and uraniferous granitic pegmatites. Of 70 grab samples taken from individual mineralized outcrop sites at the B Zone, 70% returned assays ranging from 0.03 to 0.457% U₃O₈.

JNR’s Director of Exploration, Dr. Irvine Annesley says:

“The Fraser Lakes conductive trend is metal-rich, areally extensive, and shows evidence of major structural reactivation, significant clay alteration, uranium remobilization, and basinal brine fluid circulation, including the presence of aluminum phosphate-sulphate (APS) minerals. These are all prominent characteristics of the most significant basement-hosted uranium deposits in the Athabasca Basin.”

Click here to access the entire news release.