International Ranger Corp. Announces Update on Drill Program On Whiskey Gap Uranium Project
2006年3月28日 - 11:30PM
PRニュース・ワイアー (英語)
IRNG Pink Sheets VANCOUVER, March 28 /PRNewswire-FirstCall/ --
International Ranger Corp. (the "Company") is pleased to provide an
update for the ongoing Phase 2 drilling program which began March
1, 2006. The Phase 2 program which consists of drilling and
radiometric logging is currently on hole 12 of a minimum 40 drill
holes. A total of 10 holes were drilled on a ten meter grid spacing
to define thickness and geological controls of a radioactive zone
encountered during the Phase 1 drilling program. Anomalous
radioactivity to a maximum thickness of 5 meters was encountered in
ten of ten drill holes on the grid. Commercial petrographic work on
drill core from this radioactive zone describes the sample as a
fine grained greywacke that contains angular grains of quartz, and
plagioclase containing scattered patches of carbonaceous grains.
Organic carbon commonly acts to control the deposition of sandstone
Uranium ore deposits. Unseasonably warm weather conditions prompted
an early move of drilling operations to a second large radon
anomaly, located approximately 4 miles to the west of Zone 1, so
that preliminary testing of the zone could be completed, prior to
breakup. A total of 8 holes are planned for Zone 2, weather
permitting. Due to the weather conditions, it is necessary to move
the drill from a particular zone and to allow time for the ground
conditions to improve. During this time the drill will be active in
another zone of interest. Further drilling is planned to define the
source of the high radon on Zone 1 following completion of drilling
on Zone 2. 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. About International Ranger Corp: International
Ranger Corp is an active Canadian Uranium Exploration Company with
two uranium projects. The "Rexspar Uranium Deposit" consists of
7,987.5 hectares (19,737.46 acres) located in British Columbia. A
polymetallic deposit with rare earth values, the "Rexspar" 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 anomalous radioactivity has also been
confirmed by drilling. The combined area of exploration encompasses
240,000 acres. Safe Harbour Statement under the Private Securities
Litigation Reform Act of 1995: The Statements contained herein
which are not historical fact are forward-looking statements that
are subject to risks and uncertainties that could cause actual
results to differ materially from those expressed in the
forward-looking statements, including, but not limited to, risks
detailed from time to time in Ranger's filings with the Securities
& Exchange Commission. On behalf of the Board. For further info
please contact Kevin Beaulieu 877 324-7245 DATASOURCE:
International Ranger Corp. CONTACT: Kevin Beaulieu, 1-877-324-7245
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