JNR Resources Inc. announce initial results from its 2008 exploration program, including the discovery of widespread outcrops of uranium mineralization on its 100% owned Way Lake uranium project. The project lands are located 55 kilometres east of the Key Lake uranium mine in the Athabasca Basin of northern Saskatchewan and comprise 17 contiguous claims totalling 71,795 hectares.
The 2008 helicopter-supported program consisted of diamond drilling and prospecting. A total of 48 holes comprising 11,985 metres were drilled on a variety of targets including the previously discovered EWA, West Way, Nob Hill, and Hook Lake showings, the Walker Lake conductive trend and a broad zone of newly discovered surface mineralization in the Fraser Lakes area.
The Fraser Lakes uranium showings (Fraser Lakes A and B zones) were identified by ground prospecting of airborne geophysical targets in the southern half of the Way Lake property, some five kilometres east of the Walker Lake conductive trend. The mineralized zones are proximal to a 5-kilometre-long folded EM conductor comprised of Wollaston Group graphitic pelitic gneisses and uraniferous granitic pegmatites.
The B zone showings occur along the northern extent of this conductor and are currently the more significant of the two mineralized zones. Nearly 70 individual mineralized outcrop sites were identified over a 500-metre-wide by 1.5-kilometre-long area. Although only preliminary results are available at this time, uranium values in the grab samples assayed to date range from 0.044 to 0.453% U(3)O(8). Over 85% of the samples have yet to be analyzed.
The B zone was tested by three drill holes (WYL-08-524 to 526) at the end of the 2008 program. Although they could not test the optimum target, namely the graphitic pelite/pegmatite contact that occurs beneath muskeg, all three intersected uranium and thorium mineralization accompanied by rare-earth element enrichment and anomalous levels of pathfinder elements. The best results were from hole 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 A zone showings occur at the southern end of the conductor. Three holes (WYL-08-510 to 512) were drilled in the area and intersected significant alteration and structural disruption accompanied by anomalous levels of pathfinder elements. Results from the radioactive outcrop samples are pending.
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 and Millennium. Furthermore, the presence of previously unrecognized uranium mineralization over such a large area speaks to the high potential for a significant discovery. This area will certainly be the focal point of our drilling activities in 2009″.
Major zones of structural disruption accompanied by alteration and weak to moderate levels of radioactivity were identified in all of the other areas targeted by the 2008 drilling program. Analytical results from these holes are pending and will be reported on once they have been received and interpreted.