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Re: News - Tuesday, May 08, 2007
International KRL Resources Outlines 2007 Exploration Program For
NOR IOCG Project in the Yukon
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Vancouver -- Tuesday, May 8, 2007 -- International KRL Resources Corp.
(TSXV:IRK) today announced its plans for the 2007 field season at its
Nor IOCG project (copper-uranium-gold) in the Yukon. Beginning May 15,
mobilization of the technical staff, equipment and fuel to Nor will
begin. International KRL has secured all the necessary equipment, crews
and technical expertise to carry out the diamond drill program and
additional exploration at Nor this season.
The diamond drill program will begin at its high priority uranium
target where grab samples from trenches with visible mineralization
have returned values to 4.8% U3O8 in brannerite and which confirm the
values (0.8% to 4% U3O8) received by Getty Minerals in float in the
same area (M.H. Sanguinetti Summary Report Nor Project for Getty
Minerals, 1977). Additional untested uranium targets have been
identified by coincident geophysical and geochemical anomalies at the
southern end of the property and will also be investigated.
The diamond drill program will then move to the contact area between
the Wernecke Breccia and the Fairchild Lake Group rocks where four of
nine holes in the 2006 drill program (previously reported November 7,
2006) intersected copper values from 0.25 to 1.6% in bornite, malachite
and chalcopyrite. The alteration area around these holes is extensive
and the contact between the two rock types represents a priority target
area which the Company will continue to evaluate.
In addition to the drill program, the Company plans to conduct a
radiometric survey as well as a high-resolution magnetic survey to
delineate the alteration zones and the known uranium and copper
mineralization. These techniques will expand on previous surveys by
providing additional detail and vectoring in more precisely on the
extensive geophysical and geochemical anomalies.
Further exploration initiatives include prospecting and mapping program
over the extensive claim group that was added to the Nor package at the
end of last season. The Company doubled its claim block from 236 to 448
claims as the season ended in 2006. The property now covers 23,127
acres (9,363 hectares). The Nor property is located on the east side of
the Richardson Mountains in the Yukon Territory, approximately 395 km
north of Dawson City.
Michael Hibbitts, P.Geo, Vice President Exploration is the Qualified
Person for this property.
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 and gold. For more information on the properties
and International KRL Resources Corp. please visit www.krl.net,
www.sedar.com and www.sec.gov websites.
The Company is exhibiting at the Hard Assets Resource Investor
Conference in New York, May 14 and May 15 at the Marriott Marquis Hotel
Times Square. Please visit Booth 921.
ON BEHALF OF THE BOARD
"Seamus Young"
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Seamus Young
President and CEO
For Further Information Please Contact:
Seamus Young, President and CEO, 604-689-0299 x 223
Michael Hibbitts, Vice President, Exploration, 604-689-0299 x 228
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 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 May 8, 2007 at 6:26:32 AM Pacific Time
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