I must confess that I am long this stock and have been since the company was formed..We went through some really rough times and I was buying at .02-.03...

But those days are long gone and U prices will be back with a vengence and anyone that knows Uranium knows this compant and Management team..The best in the industry and one of the directors,Dr.Les Beck..wrote the bible of mining Uranium in the Athabaska Basin..Therest of the insiders are ex Cameco Geo's and have more experience than any one in the industry..

They have money and low float..and have just ordered their third drill..Very few Jr explorers own their own drill let alone three..

This is the KXL of Jr Uranium Explorers and the stock has been beaten down and is at an excellent entry point .under .90 this morning..Look at some of the grades..

This drill will also continue testing the Hook Lake area where two
grab samples collected from a massive pitchblende vein in 2006, returned 40.1%
and 48% U(3)O(8), respectively (Reference: October 12, 2006 news release).

They also own 25% of Denisons Moore lake project where JNN drilled up 20% uranium..!!

Here is this mornings NR..

JNR Takes Delivery of Third Drill; Two Drills Active at Way Lake

    TSXV:JNN
    Email: info@jnrresources.com
    Website: www.jnrresources.com

    SASKATOON, July 9 /CNW/ - JNR Resources Inc. (TSXV:JNN) (the 'Company')
is pleased to announce delivery of its third drill and that the 2008 summer
diamond drilling program is well underway on the Company's 100% owned Way Lake
uranium project.
    The Company has taken delivery of a third diamond drill to complement its
existing two drills. The Duralite 500N Heliportable drill is capable of
reaching depths of 800 metres and can easily be moved by ski- or
float-equipped aircraft. Dynamic Drilling of Saskatoon is currently readying
the drill for its initial assignment at Yurchison Lake, with an anticipated
start up of mid July.
    The company's 100% owned Yurchison Lake property is located along Highway
905, 100 kilometres south of the Rabbit Lake uranium mine and mill. It
consists of four mineral claims totalling 12,660 hectares. The project area
hosts numerous well-defined electromagnetic (EM) conductors and geophysically
interpreted structural features. Prospecting programs on the property over the
past two summers identified significant uranium and molybdenum mineralization
in both outcrop and float samples, including uranium values of up to 0.30%
U(3)O(8).
    In the winter of 2008, a 4,500-metre drilling program was initiated at
Yurchison Lake. A total of five holes (1,215 metres) out of a planned 20 to 25
holes were completed prior to moving the drill to the Black Lake project. This
initial phase of the program verified the presence of structurally disrupted
and altered graphitic pelitic gneisses in Wollaston Group metasediments. The
second phase of the drilling program will be completed during the summer of
2008 and the analytical results obtained from the winter phase will be
integrated with those of the summer program.
    At Way Lake, one drill is currently exploring in the vicinity of the
Walker Lake showings, which occur within a 60-kilometre arcuate and
structurally displaced EM conductive trend in the southwest portion of the
property. The Walker Lake showings are spatially associated with this
conductive trend and occur over a 3.0-kilometre long by 1.0-kilometre wide
area with grab samples ranging from 0.017% to 0.079% U(3)O(8) (Reference:
March 19, 2008 news release). As the summer season progresses, this drill will
continue to explore portions of this major conductive system that are readily
accessible by land and that have the structural and geological requirements
essential to host substantial concentrations of uranium mineralization.
    The second drill has been converted to its heliportable configuration and
is currently drilling at the EWA showing where uranium values up to 0.492%
U(3)O(8) were identified in the summer of 2007. This drill will also test
portions of the conductive trend described above that are not accessible by
land, as well as the West Way (up to 0.475 % U(3)O(8)) and Nob Hill (0.130% to
0.141% U(3)O(8)) showings that were discovered during the 2007 prospecting
campaign. This drill will also continue testing the Hook Lake area where two
grab samples collected from a massive pitchblende vein in 2006, returned 40.1%
and 48% U(3)O(8), respectively (Reference: October 12, 2006 news release).
    JNR's Vice-President of Exploration, David L. Billard, PGeo, 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