VANCOUVER, June 9 /CNW/ - International KRL Resources Corp. (TSX-V:IRK)
today announced it has completed a five hole diamond drill program (totaling
1,254.22 m) on the Wolf silver-lead-zinc property, located in the Yukon, near
the B.C. border.
The Wolf property hosts geological and structural criteria favourable for
silver-lead-zinc mineralization, but had never been drill-tested.
International KRL's drill targets were related to coincident Ag-Pb-Zn soil
geochemical and IP (induced polarization) geophysical anomalies.
The Company's drill program intersected altered clastic and carbonate
sedimentary rocks (argillite, quartzite, limestone). Zones of brecciation,
considered favorable for mineral deposition, were encountered in some holes.
Such brecciation, quartz and carbonate veining, and oxidation were identified
over intervals up to 20 metres wide. Similar material had been previously
recovered on the property during a trenching program conducted by Fairfield
Minerals Ltd. where high-grade values were returned (e.g. 352.4 g/t Ag and
9.12% Pb, over a four metre chip sample from Trench 3).
Iron sulphide (pyrite) mineralization was noted in all holes and intense
silicification was noted in the final hole (W-08-05). Copper, lead and zinc
sulphides (chalcopyrite, galena, and sphalerite) were intersected in minor
amounts. Intervals of elevated values include 10.6 g/t Ag, 0.21% Pb, and
0.83% Zn over four metres in hole W-08-01.
All split core samples were shipped to Acme Analytical Laboratories
(Vancouver) Ltd. for analysis by multi-element ICP, with follow-up assaying
conducted on those samples which returned high analytical values. Once all
results have been evaluated, the Company will be able to identify additional
targets for future exploration.
Michael Sanguinetti, P.Eng, Consulting Geologist, is the Qualified Person
for the purposes of National Instrument 43-101 and is responsible for the
technical information contained herein.
International KRL Resources Corp. is a mineral exploration company
engaged in the acquisition, exploration and advancement of Canadian mineral
properties. For further information on the Company's diversified exploration
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: Earl Hope, Investor Relations, (604) 689-0299 x
232; Seamus Young, President and CEO, (604) 689-0299 x 223