VANCOUVER, March 11 /CNW/ - International KRL Resources Corp. (the
"Company") (TSXV:IRK) today is pleased to announce that it has secured a
diamond drill contract for its Wolf project; a silver-lead-zinc target in the
southern Yukon Territory, 75 km west of Watson Lake. The property is road
accessible and site preparation has begun for the pending drill program;
expected to begin in the next few days. International KRL has an option to
earn a 60% interest in the Wolf project from Tarsis Capital Corp. (TSXV: TCC)
(see news release dated September 27, 2007).
The drill target is a previously untested induced polarization (IP)
geophysical anomaly. The IP anomaly is made up of two parts, a large anomaly
indicative of a large buried sulphide body (at an estimated depth of 100 m and
up to 500 m wide) and a narrow coeval anomaly associated with the known
mineralization on the property. The known mineralization consists of an oxide
zone up to 30 m wide, which returned 4 m of 352.4 g/t Ag and 9.12% Pb in a
trench. Grab samples of oxide mineralization from another trench returned
1248.1 g/t Ag and 49.5% Pb and 978.7 g/t Ag and 32.0% Pb. The narrow anomaly
over the known mineralization indicates potentially wider zones of un-oxidized
(fresh) sulphides at depths of 50 m to 100 m. The entire anomaly indicates
potential for a large volume of sulphides in a zone at least 1700 m long and
up to 500 m wide.
The exploration model for the Wolf property is a high-grade
silver-lead-zinc, manto-type, carbonate-hosted, replacement mineralization
like the nearby Silvertip deposit. At Silvertip the mineralization occurs in
channels reflected at Wolf by the narrow IP anomaly. The large IP anomaly at
Wolf is interpreted to indicate the 'chimney' zone often responsible for the
bulk of the mineralization in a manto-type deposit.
The planned first phase of drilling consists of 1,500 m of HQ diamond
drill core and has been guaranteed by the contractor; DJ Drilling Ltd. DJ
Drilling Ltd. is a sought after drill company that has modern equipment,
experienced crews and a long-standing working relationship with International
KRL. International KRL has also been granted the first right of refusal to
renew the contract for the remainder of 2008.
J. L. LeBel, P. Eng, Consulting Geophysist, 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 diversified property portfolio prospective for uranium,
copper and gold as well as lead-zinc-silver. For more information on the
property portfolio and International KRL Resources Corp. please visit
www.krl.net, www.sedar.com and www.sec.gov websites.
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
x223; Judith Mazvihwa, Chief Financial Officer, (604) 689-0299 x224