International Samuel Exploration Corp.

International Samuel Exploration Corp.

September 09, 2010 08:00 ET

International Samuel Exploration Corp.: Drill Permit Received for Rasp Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 9, 2010) - International Samuel Exploration Corp. (TSX VENTURE:ISS) ("Samuel") today has received a drill permit for the Rasp property, located 100 kilometres north of Thompson Manitoba. Rodren Drilling of Winnipeg, Manitoba has been contracted to mobilize and commencing drilling as soon as possible. The Rasp property is 256 hectares and was previously drilled by Cominco in 2001.

Conrad Swanson, President of Samuel states, "having the drill permit on the highly prospective Rasp Property now enables Samuel to commence a drill program shortly. Samuel has also submitted drill permit applications on the Blackwater West Project which borders the Richfield Ventures property. With these two exploration projects Samuel is poised for a dynamic period for growth. Samuel is well financed and currently has less than 15 million shares issued and outstanding. Therefore any success from the drill programs could be beneficial to the corporate expansion of Samuel."

The Rasp property contains a strong electromagnetic conductor with a gravity anomaly and a flanking magnetic anomaly. The strong electromagnetic conductor has a strike length of 600 metres. Only one previous drill hole was drilled at this conductor; diamond drill hole RA202-01 by Cominco Ltd. in 2001. This drill hole may not have intersected the conductor itself; instead the drill hole probably encountered stringer mineralization near the main conductor. Significant mineralization encountered in diamond drill hole RA202-01 is listed in the table.

Diamond drill From To Interval Gold Copper
hole metres metres metres g/t %
RA-202-01 176.9 177.08 0.18 4.3 4.09
RA-202-01 180.7 181.37 0.67 3.4 0.11

International Samuel plans to target a diamond drill hole into the projected central part of the electromagnetic conductor. The stringer mineralization listed above suggests that this is a mineralized conductor and the gravity anomaly and electromagnetic conductor strength suggests that this conductor may increase significantly in width.

Technical information in this news release has been reviewed by Derrick Strickland, P. Geo., a qualified person as defined in NI 43-101.


Conrad Swanson, President

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