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International KRL Options Lead-Zinc-Silver Project; Plans Fall 2007 Diamond Drill Program
International KRL Options Lead-Zinc-Silver Project; Plans Fall 2007 Diamond Drill Program.
About this update from Affinity Metals Corp
[{"type":"text","content":"\n\n\n\nVANCOUVER, Sept. 27 /CNW/ - International KRL Resources Corp. (TSXV:IRK)\ntoday announced that it has acquired an option to earn a 60% interest in the\nTim property (silver-lead-zinc) from Tarsis Capital Corp. The exploration\ntarget on the property is a high-grade silver-lead-zinc replacement-type,\ncarbonate-hosted deposit similar to the Silvertip (Midway) Deposit, located\n12 km to the SW. The Tim Property consists of 10 mineral claims covering\n516 acres, located 72 km west of Watson Lake, Yukon. International KRL has\nstaked an additional 279 claims contiguous to the Tim Property. The project,\nreferred to by International KRL as the Kuda Project, now consists of 289\nclaims representing a total claimed area of 14,926 acres.\n\n\nThe Kuda project is a tremendous addition to International KRL's\nexploration portfolio and provides exposure to a project with excellent\nhigh-grade silver-lead-zinc potential. The property's location and access\npermit drilling in the winter months which complements the Company's summer\nexploration programs at its other Yukon properties. International KRL has\nsecured a drill for this program and anticipates mobilizing an exploration\ncrew shortly to prepare for drilling.\n\n\nThe Kuda project was discovered in 1983 by Regional Resources Ltd. (later\nFairfield) and initial work consisted of prospecting, geochemical surveys,\nmapping, road construction, induced polarization surveys and excavator\ntrenching. A trenching program (2,712 m) in 1988 tested two parallel zones of\ncoincident soil geochemical and IP anomalies, which are referred to as the\nNorth and South zones. This trenching uncovered silver, lead and zinc\nbearing-iron and manganese oxides over widths of up to 30 metres, along a\nstrike length of 1 km in the North zone. Sample values include a four-metre\nchip sample averaging 10.28 opt silver and 9.12% lead from trench No. 3 and\ngrab samples from trench No. 1 valued at 36.41 opt silver, 49.50% lead and\n28.55 opt silver and 32% lead (Ref. 1988 Assessment Report, Fairfield Minerals\nLtd.). A diamond drill program was recommended at that time but never drilled.\n\n\nThe Kuda property covers Lower Cambrian and Cambrian stratigraphy which\nis similar to the high-grade silver-lead-zinc, carbonate replacement deposit\n(manto type) at Silvertip. Exploration at Silvertip outlined mi...