International Ranger Corp.: Eight Hole Drill Program to Commence on Its Whiskey Gap Project
December 06 2007 - 8:00AM
Marketwired
VANCOUVER, BRITISH COLUMBIA is pleased to announce that an eight
hole 2000 meter NQ diamond drill program will commence
approximately on December 12, 2007 on its 44,400 acres Whiskey Gap
Uranium project located in Southern Alberta along the Canada/U.S.A.
border. North American Gem Inc. entered into a Joint Venture
Agreement with International Ranger Corp. (PINK SHEETS: IRNG) on
November 1, 2005 and has completed two drill programs in which
anomalous radioactivity was intersected in 31 of 37 drill holes
totalling 4005 meters.
Most recently a Water Sampling Program had been conducted on the
Whiskey Gap project lands by the Alberta Geological Survey. The
survey data is released as Earth Sciences Report 2007-08 by R.
Olsen and S. Anderson of the AGS. The AGS study confirmed the
Anomalous Radon and Uranium in water values first located during
the original International Ranger and North American Gem
exploration programs.
AGS sample number 06USA017 collected from a location not
previously sampled, returned values of 160 ppb Uranium, 420 ppb
Molybdenum and 140 ppb Arsenic. These sample values are
approximately 4 times higher than any previous water samples taken
on the property and are located up "flow direction" of a strongly
reducing zone of anomalous mineralization and radioactivity defined
late in the 2006 drill program.
The eight holes will be drilled to test Uranium and heavy metals
anomalies, located during the Alberta Geological Survey assessment
of the region. "We are very pleased with the work conducted by the
Alberta Geological Survey," said Charles Desjardins, President of
North American Gem Inc. "their expertise in exploration has
provided our Company with first class uranium targets on our
upcoming diamond drill program."
With the discovery of strongly reducing, radioactive sandstones,
containing anomalous heavy metals and associated radon in water,
Management remains confident that the Whiskey Gap lands could
contain significant Sandstone Hosted Uranium mineralization.
Sandstone hosted Uranium mineralization typically is localized at
the boundary between oxidation and reducing conditions, these zones
typically contain high levels of heavy metals in addition to
Uranium. 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 Whiskey Gap Project is a Joint Venture between North
American Gem Inc. and International Ranger Corp., whereby the
Company can earn a 70% interest by spending $1,250,000 over 3
years. An additional 10% can be earned by taking the project to
feasibility.
Glenn S. Hartley P. Geol. a qualified person under national
instrument 43-101, has approved the technical information contain
in this news release.
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
Rangers filings with the Securities & Exchange Commission.
On behalf of the Board
Jason Walsh
Contacts: International Ranger Corp. Kevin Beaulieu
1-877-324-7245 Website: www.internationalranger.com
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