VANCOUVER, Feb. 4 /CNW/ - International KRL Resources Corp. (TSX-V: IRK)
provides the following update on its 100%-owned Nor iron oxide-copper-gold
(IOCG) project, located 300 km northeast of Dawson City in the Yukon
As of January 19th, 2009 International KRL completed its final payment
obligations under the terms of the option agreement with vendor Shawn Ryan,
and has now earned a 100% interest in the Nor claims, subject only to a 2%
In 2008, International KRL consulted with companies experienced in IOCG
exploration, some of which have worked in similar geologic terrane, and has
decided to proceed with a Titan 24 Magnetotellurics (MT) and IP/Resistivity
(DCIP) survey over the property as soon as financing is available. This deep
penetrating geophysical survey method allows for the detection of mineralized
bodies to depths of 750 meters with IP and beyond 1.5 kilometers with MT data,
and is ideally suited for the type of geological target at the Nor.
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 silver-lead-zinc. 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.
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: Earl Hope, Investor Relations, (604) 689-0299
x232; Seamus Young, President and CEO, (604) 689-0299 x223