International Arimex updates Cree West uranium property



    Trading Symbol IEA.V
    Frankfurt Symbol IAR

    Geophysics Program in Athabasca Basin Produces Encouraging Results

    VANCOUVER, March 31 /CNW/ - Mr. Chris England, President of International
Arimex Resources Inc., ("Arimex") is pleased to announce that preliminary
results have been received from a reconnaissance AMT (Audio-Frequency
Magneto-Telluric) survey over the Cree West uranium property in the Athabasca
basin of Saskatchewan. Conductive zones have been delineated on both the north
(5963 hectares) and south (6897 hectares) claim blocks.
    Preliminary inversion modelling on AMT data from the south block
indicates that the unconformity at the base of the Athabasca sandstone may be
relatively shallow, of the order of 300-400 metres. There appears to be a
broad, relatively flat-lying conductive zone at or close to the unconformity
in the western part of the claim group that may be caused by an alteration
zone. There is a discrete basement conductor that runs the whole length of the
block, that appears to be well below the unconformity at the southwest end of
the survey area. This conductor approaches closer to the unconformity as it is
followed to the northeast, and its apparent conductivity increases in the same
direction. There is a distinct offset in this long conductor close to the
centre of the claim group, suggesting the possibility of a cross structure.
    AMT data on the north claim group is currently being processed by
inversion modelling. Preliminary maps indicate three conductive zones that
correlate with conductors defined by historical ground EM surveys. There is an
additional conductive trend running in a north-westerly direction that may
indicate the presence of a cross-structure, possibly with associated
alteration.
    International Arimex Resources announced in a news release dated April
24th, 2006, that it has an option to earn a 50% interest in the Cree West
project by paying Canalaska Uranium Ltd., property payments of $150,000,
issuing 600,000 shares and committing to 3.6 million dollars in exploration
expenditures over a three year period. Canalaska will also receive a 3% net
smelter royalty.
    Technical information in this news release has been prepared and/or
reviewed by Colin Bowdidge, Ph.D., P.Geo., a director of the company and a
Qualified Person as defined in NI43-101.
    The Company has also reviewed the data from the initial exploration
program on the California Creek uranium project, located in Elko County,
Nevada. While results were encouraging, management has decided the financial
resources required for further exploration, would be better spent in the
Athabasca Basin Region of Northern Saskatchewan, and to that end, the Company
has terminated the option on the California Creek project and begun evaluating
additional properties of merit in Saskatchewan. Management is also aware of
properties in Labrador and Ontario as well as in overseas countries such as
Mauritania, West Africa.

    Statements about the Company's future expectations and all other
statements in this press release other than historical facts are "forward
looking statements". The Company intends that such forward-looking statements
be subject to the safe harbours created thereby. Since these statements
involve risks and uncertainties and are subject to change at any time, the
Company's actual results may differ materially from the expected results.

    The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.




For further information:

For further information: contact: Mr. Chris England (President), Phone: 
(604) 694-0888, Email: info@arimexresources.com, Website:
www.arimexresources.com

Organization Profile

INTERNATIONAL ARIMEX RESOURCES INC.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890