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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.