VANCOUVER, Sept. 10 /CNW/ - International KRL Resources Corp. (TSXV:IRK)
today announced assays of 1.30%, 1.48% and 5.54% uranium from three grab
samples taken over 25 metres at its Nor iron oxide-copper-gold project in the
Yukon. The uranium mineral is brannerite. These new samples were taken from an
area 78 metres away from the previously announced 4.8% uranium sample from the
original showing (NR-March 1, 2007).
Scintillometer surveys conducted on the property this summer also
identified two new uranium showings (NR-July 26, 2007) which appear to line up
with the original showing in a north-northwesterly trend over a strike length
in excess of 1.1 kilometers. The brannerite is hosted in a potassic feldspar
altered silicious structure. Hand trenching did not expose sufficient bedrock
to confirm the orientation of the structure due to the overburden, slumping
and permafrost. However, the hand trenching suggests that the structure
appears to be a north-south to north-northwest striking, steeply dipping vein.
The Company is seeking the additional permits required to utilize the heavy
equipment necessary to conduct a mechanized stripping and trenching program to
gain better exposure and understanding of the mineralization.
The Company has also just completed property-wide airborne radiometric
and magnetic surveys. A number of areas of interest were identified from the
preliminary readings. Detailed analysis and further interpretation of the
results is underway.
In addition, the Company reports that with the onset of fall/winter
weather at Nor, which impacts the water access necessary for drilling as well
as flying conditions, it has wrapped the drill program for the season. Seven
holes were drilled testing both copper and uranium targets. All the samples
have now been shipped to the lab and assays are pending.
"The 2007 field season has been an operational success. The Company is
extremely pleased with the skilled crews and the equipment provided by its
diamond drill contractor this year. The new brannerite showings identified by
our team and the high uranium values in the new samples are encouraging and
demonstrate that the mineralization occurs over a considerable strike length.
We are encouraged by the mineralization identified and the growing
understanding about this complex multi-element project. We look forward to
receiving the geophysical interpretations and reporting the assays when they
are received," said Seamus Young, President and CEO.
Michael Hibbitts, P.Geo, Consulting Geologist, is the Qualified Person
responsible for the technical information in this news release.
International KRL Resources Corp. is a mineral exploration company
engaged in the acquisition, exploration and advancement of Canadian mineral
properties. It has a tremendous property portfolio prospective for copper,
gold, uranium and nickel. For more information on the Company and the
properties please visit www.krl.net, www.sedar.com and www.sec.gov websites.
ON BEHALF OF THE BOARD
President and CEO
Statements contained in this news release that are not historical facts
are forward-looking statements, which are subject to a number of known and
unknown risks, uncertainness and other factors that may cause the actual
results to differ materially from those anticipated in our forward looking
statements. Although we believe that the expectations in our forward looking
statements are reasonable, actual results may vary, and we cannot guarantee
future results, levels of activity, performance or achievements.
The TSX Venture Exchange has neither approved nor disapproved the
information contained herein.
For further information:
For further information: Seamus Young, President and CEO, (604) 689-0299
x 223; Judith Mazvihwa, CFO, (604) 689-0299 x224