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Re: News - Wednesday, August 01, 2007
International KRL Resources and Logan Resources Stake Additional
Ground Prospective for Nickel at Turn River Project
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Vancouver -- Wednesday, August 1, 2007 -- International KRL Resources
Corp. (TSXV:IRK) and Logan Resources Ltd. (TSXV:LGR) today jointly
announced that they have staked an additional 1,311 claims prospective
for nickel at the Turn River Project in the Cassiar Plateau region of
the Yukon. The massive uranium-nickel project now consists of 3,531
claims over twelve independent blocks, covering approximately 74,287
hectares (183,567) acres. Each company holds a 50% interest in the
project.
The newly staked ground is the largest of the twelve claim blocks and
covers a package of ultramafic intrusives and volcanics. Samples
collected by the GSC in a 2003 regional stream geochemical survey,
returned values up to 545 ppm nickel from the newly staked claims.
"The elevated nickel values as well as the coincident ultramafic
intrusive package make this a prime target area for nickel exploration.
This addition increases the significance and value of the Turn River
project and further diversifies the exploration portfolios of both
companies," said Mike Hibbitts, Vice President of Exploration.
In addition to the nickel potential, the Turn River project has
tremendous uranium discovery potential. The highest known uranium silt
geochemical values in the Yukon are found in the Cassiar Plateau
region. The uranium silt geochemical values of samples collected from
the property are also consistently high, with significant values of up
to 291 ppm, which is 21 times higher than the 95th percentile (13.6
ppm) for uranium silt geochemical samples in the Yukon and 8 times
higher than the 95th percentile (34.7 ppm) in the Cassiar Plateau.
The two companies plan to carry out an aggressive exploration program
on this property including airborne radiometric surveys, prospecting,
mapping and geochemistry.
Michael Hibbitts, P.Geo, Vice President Exploration is the Qualified
Person for this property.
About International KRL Resources Corp.:
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 uranium, copper, gold and nickel. The Company is currently drilling
at its Nor IOCG project in the Yukon. For more information on the
properties and International KRL Resources Corp. please visit
www.krl.net, www.sedar.com and www.sec.gov websites.
About Logan Resources Ltd.:
Logan Resources Ltd. is a mineral exploration company that specializes
in acquiring, exploring and advancing Canadian mineral properties
prospective for precious metals, base metals and uranium. It has an
exceptional property portfolio with discovery potential. The Company
is currently exploring for copper, gold, uranium and nickel in the
Yukon Territory, uranium in Saskatchewan's uranium-rich Athabasca Basin
(Carswell) as well as gold, silver, lead and zinc in British Columbia
(Redford, Albert Creek, Antler Creek. For more information on the
property portfolio and the Company, please visit www.loganresources.ca,
www.sedar.com and www.sec.gov websites.
On Behalf of the Board of International KRL Resources Corp. and Logan
Resources Ltd.
"Judith T. Mazvihwa"
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Judith T. Mazvihwa
CFO & Director
For further Information Please Contact:
Judith T. Mazvihwa, CFO & Director
International KRL Resources Corp. & Logan Resources Ltd.
604-689-0299 x223
Natasha Blackburn, Director of Corporate Development
International KRL Resources Corp. & Logan Resources Ltd.
604-689-0299 x 224
The RAYA Group, Investor Relations - Logan Resources Ltd.
Toll-free: 1-877-626-2121
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) 2007 LOGAN RESOURCES LTD. (LGR) All rights reserved.
For more information visit our website at http://www.loganresources.ca/
or send mailto:info@loganresources.ca
Message sent on Wed Aug 1, 2007 at 6:12:50 AM Pacific Time
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