Sean: Here's today's release. I too bought some (JNR) on speck.with initial grabs like that, hell, it's worth a .35 shot, even if it takes a long time to get good results.
Subject:
Stockwatch: JNR Resources Inc - News Release
Date:
Fri, 11 Oct 1996 14:03:51 -0700
From:
news@canada-stockwatch.com
To:
campagna@globalserve.on.ca
Molanosa Arch area and Asbell Bay activities
JNR Resources Inc JNN
Shares issued 9,999,950 Oct 10 close $0.34
Fri 11 Oct 96 News Release
See Consolidated Pine Channel Gold Corp (KPG) News Release
Mr Dale Hoffman reports
Upon completion of permitting, followed by mobilization of men and
equipment, drilling will commence on targets staked by the company and JNR
Resources in the Molanosa Arch area, Northern mining district,
Saskatchewan. The targets to be drilled have been modelled by Monopros
Limited, and are similar to known kimberlite pipe signatures.
The No. 1 target, from geophysical modelling, lies approximately 100m deep
and measures 300m in diameter. The targets to be drilled are on the break
that is believed to be the controlling structure of the kimberlites that
were drilled in the Fort a la Corne area and, to the north, where the
Candle Lake joint venture drilling intersected kimberlite. Drilling is
expected to commence before the end of October.
On the Consolidated Pine Channel - JNR Resources joint venture Asbell Bay
properties, NMD, Saskatchewan, first pass work has produced two new
showings, from which the first assays from selected samples ran to 12 grams
per tonne gold. Second pass work, consisting of trenching and geophysics,
continues to provide encouragement. A four to five metre shear or mylonite
zone has been identified containing visible gold and which, to date, have
been traced for 100 metres. Mineralized samples are being taken for assay.
The results from the recent drilling on the Consolidated Pine Channel - JNR
Resources joint venture Pine Channel gold project have been received, with
the best assays for gold running 0.118 oz/ton to 0.297 oz/ton, over narrow
widths. Although these results are not what were hoped for, the companies
will continue to explore for the source of the higher grade values found on
surface. A radar landsat imaging program is planned, to be followed by
interpretation by a structural geologist, to better understand where the
source of the numerous high gold values could be located.
Both Consolidated Pine Channel and JNR Resources are well-funded for
further exploration work, which will continue.
(c) Copyright 1996 Canjex Publishing Ltd. canada-stockwatch.com
I spoke with Dale earlier this week, and his response was" I have never lost or failed at this yet, and I won't this time. Give it some time and you'll see results.
Here's hopin................
Mike |
