International Ranger Corp. Announces Commencement of Phase Two Drill Program On Whiskey Gap Uranium Project
2006年2月24日 - 12:28AM
PRニュース・ワイアー (英語)
IRNG Pink Sheets VANCOUVER, Feb. 23 /PRNewswire-FirstCall/ --
International Ranger Corp.(the "Company") is pleased to announce
that the Phase 2 Drill program has commenced two weeks early. This
program has been designed to follow up on significant results that
were encountered during drilling on the Whiskey Gap Uranium Project
in late 2005. The Phase 1 Drill Program of 1200 meters was
completed, to evaluate anomalous Radon gas values in ground water,
which exceeded 5000 picocuries per liter. Anomalous radioactivity,
up to a maximum thickness of 5 meters, was encountered in seven
drill holes over a wide area within carbonaceous mudstones, in
association with a thick sandstone channel sequence. Assay results
from the SRC indicate that the radioactive zones are enriched with
Uranium. The source of the Radon anomaly was not located, however a
substantial enrichment of heavy metals is present, this heavy metal
enrichment halo is typical of sandstone uranium deposits. The
radioactive zones also contain significant, copper, arsenic,
molybdenum, vanadium and barium. These pathfinder elements
typically occur in association with sandstone uranium deposits in
Wyoming and Colorado. Ranger is extremely encouraged by these
preliminary results, and is confident that further work in the area
will define significant sandstone hosted Uranium mineralization.
The Whiskey Gap property is underlain by a series of fluvial
sandstones of Cretaceous age, thought to be analogous to sandstones
in parts of Wyoming that host significant Roll front Uranium
deposits. The project is under the direction of Glenn .S. Hartley
P. Geol. in accordance with the regulations of National Instrument
43-101, and the contents of this news release have been reviewed by
Glenn .S. Hartley. About International Ranger: International Ranger
Corp is an active Canadian Uranium Exploration Company with two
uranium projects. The "Rexspar Uranium Deposit" consists of 7,733
acres located in British Columbia. A polymetallic deposit with with
rare earth values, the "Rexpar" has a potentially expandable
resource of 1.62 million tonnes of uranium ore at a grade of just
under 2 lbs/ton. The Whiskey Gap property in Alberta is underlain
by a series of fluvial sandstones of Cretaceous age similar to
sandstones which host significant roll front Uranium deposits.
Water samples indicate that Uranium is present. The existence of
anomolous radioactivity has also been confirmed by drilling. The
combined area of exploration encompasses 240,000 acres. Disclaimer:
This Press Release may contain, in addition to historical
information, forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. These
forward-looking statements are identified by their use of terms and
phrases such as "believe," "expect," "plan," "anticipate" and
similar expressions identifying forward-looking statements.
Investors should not rely on forward-looking statements because
they are subject to a variety of risks, uncertainties and other
factors that could cause actual results to differ materially from
International Ranger's expectations, and International Ranger
expressly does not undertake any duty to update forward-looking
statements. These factors include, but are not limited to the
following, the ability to further develop mineral exploration
properties and other factors which may cause the actual results,
performance or achievements of the Company to be materially
different from any future results, performance or achievements
expressed or implied by such forward- looking statements. On Behalf
of the Board. For further info please contact Jason Walsh at 877
324-7245 DATASOURCE: International Ranger Corp. CONTACT: Jason
Walsh at (877) 324-7245
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