International KRL Resources Corp.
TSX VENTURE : IRK

International KRL Resources Corp.

February 20, 2007 09:15 ET

International KRL Reports Assays From Sampling Program at Nor; Company Secures Diamond Drill for 2007 Drill Season

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 20, 2007) - International KRL Resources Corp. (TSX VENTURE:IRK) today announced assays from a rock-sampling program conducted at its Nor IOCG (copper-uranium-gold) project in the Yukon. Two samples were sent for 35-element ICP analysis at Acme Analytical Labs in Vancouver. Sample one assayed greater than 0.20% U3O8 (greater than 2000 ppm). This sample exceeded the highest detection limits and has been sent for further analysis to determine the absolute assay value. The final value will be reported when received. Sample two assayed 0.045% U3O8 (452.4 ppm). Both samples were taken from outcrop at Nor and are coincident with the geochemical anomaly at the contact of the Fairchild Group rocks and the Wernecke Breccia, which is known for its uranium potential throughout the Yukon.

Additionally, International KRL Resources is pleased to report that it has secured a diamond drill contract for the Nor drill program. The drill company has extensive experience, suitable equipment for the helicopter supported drill program and experienced crews. During the 2006 exploration season in the Yukon, this company successfully drilled over 150,000 feet.

International KRL intends to drill its priority uranium targets, which remain untested, as well as follow up on the promising copper mineralization intersected in four of the nine diamond drill holes completed during 2006. See news release November 7, 2006.

"The 2006 program provided valuable information, which increased our understanding, our drill positioning and our priority targets. The Nor property bears striking geological, geophysical and geochemical similarities with the Olympic Dam IOCG deposit in Australia. The Olympic Dam deposit model continues to be the best fit for evaluating Nor," said Michael Hibbitts, P.Geo, Vice President-Exploration.

"We are well-equipped for the season ahead with a tremendous technical team, financial resources and a very large, multi-element project," said Seamus Young, President and CEO.

International KRL doubled its claim block at its Nor IOCG project in the Yukon from 236 claims to 448 claims as the season ended in 2006. The property now covers 23,127 acres (9,363 hectares). Nor 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.

For more information on the property portfolio and International KRL Resources Corp. please visit www.krl.net, www.sedar.com and www.sec.gov websites.

ON BEHALF OF THE BOARD

Seamus Young, President and CEO

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.

Contact Information

  • International KRL Resources Corp.
    Michael Hibbitts
    Vice President, Exploration
    (604) 689-0299 x.228
    Email: mhibbitts@krl.net
    Website: www.krl.net