International KRL Resources Corp.
TSX VENTURE : IRK

International KRL Resources Corp.
Logan Resources Ltd.
TSX VENTURE : LGR

Logan Resources Ltd.

March 07, 2007 08:45 ET

International KRL Resources Corp. and Logan Resources Ltd. Acquire Extensive Uranium Project in the Cassiar Plateau, Yukon

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 7, 2007) - International KRL Resources Corp. (TSX VENTURE:IRK) and Logan Resources Ltd. (TSX VENTURE:LGR) today jointly announce that they have acquired by staking a large land package with very prospective uranium potential in the Cassiar Plateau, Yukon Territory. The land package consists of 2,245 claims, covering 46,941 hectares and includes twelve distinct project areas. The property is located approximately 95 km northeast of Whitehorse and may be serviced from the Canol Road. Each company has a 50% interest in the property.

The highest known uranium silt geochemical values in the Yukon are found in the Cassiar Plateau region. The uranium silt geochemical values from the new property are consistently high, with significant values of up to 291 ppm, which is 21 times higher than the 95th percentile (13.6 ppm) for uranium silt geochemical samples in the Yukon and 8 times higher than the 95th percentile (34.7 ppm) in the Cassiar Plateau. While the area is relatively unexplored, there is an active uranium project with reported values in float of up to 0.264% U3O8.

The two companies plan to carry out an aggressive exploration program on this property for the 2007 field season, including airborne radiometric surveys, prospecting, mapping and geochemistry.

"In addition to their diversified property portfolios, both companies have tremendous geological and technical teams with the ability to seek out and stake as well as evaluate these new properties," said Seamus Young, President and CEO, International KRL Resources Corp. and Logan Resources Ltd.

For more information on the property portfolios of International KRL Resources Corp. and Logan Resources Ltd. please visit www.krl.net, www.loganresources.ca, www.sedar.com and www.sec.gov websites.

Michael Hibbitts, P.Geo, Vice President Exploration, is the Qualified Person for this property.

ON BEHALF OF THE BOARD OF INTERNATIONAL KRL RESOURCES CORP. AND LOGAN RESOURCES LTD.

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./Logan Resources Ltd.
    Seamus Young
    President & CEO
    (604) 689-0299 x 223
    or
    International KRL Resources Corp./Logan Resources Ltd.
    Michael Hibbitts
    Vice President, Exploration
    (604) 689-0299 x.228
    (604) 689-0288 (FAX)
    Websites: www.krl.net or www.loganresources.ca