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Re: News - Tuesday, March 11, 2008
International KRL Resources to Begin Drilling Ag-Pb-Zn Target
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Vancouver -- Tuesday, March 11, 2008 -- 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.
For Further Information, Please Contact:
Seamus Young, President and CEO, 604-689-0299 x223
Judith Mazvihwa, Chief Financial Officer, 604-689-0299 x224
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.
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Copyright (c) 2008 INTERNATIONAL KRL RESOURCES CORP. (IRK) All rights
reserved. For more information visit our website at
http://www.krl.net/ or send mailto:info@krl.net
Message sent on Tue Mar 11, 2008 at 1:55:55 PM Pacific Time
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