Kirrin Resources Announces Completion of Airborne Geophysics Survey at Key Lake SW
24 Maggio 2011 - 2:00PM
Marketwired
Kirrin Resources Inc. (TSX VENTURE: KYM) today announced the
completion of a 1,531 line-kilometre helicopter-borne time-domain
electromagnetic geophysical survey of the Key Lake Southwest ('Key
Lake SW') uranium property located on the southeastern margin of
the Athabasca Basin in Saskatchewan, Canada. The survey was flown
using Geotech Ltd's Versatile Time-Domain Electromagnetic (VTEM
Plus) geophysical system.
Kirrin has appointed Savaria Geophysics Inc. of Toronto,
Ontario, ('Savaria') to undertake integration of the prior Fugro
airborne Tempest-magnetic survey completed in early 2010 (news
release July 6, 2010) and interpretation of the aggregate data
acquired by Kirrin. Savaria anticipates submitting its report by
end June, following which Kirrin will commence a program of summer
fieldwork with the objective of finalizing the selection of drill
sites.
The eastern margin of the Athabasca Basin is home to the most
productive uranium mines in the world with roughly 25% of the
world's uranium production coming from this area. Kirrin's target
at Key Lake SW is basement-hosted unconformity-type uranium
deposits, similar to Cameco's basement-hosted Millennium deposit,
located about 50 km to the northeast; the Phoenix discovery,
located about 60 km northeast; and the former Key Lake mine,
located about 35 km east-northeast.
Reg A. Olson, Ph.D., P. Geol. is the designated Qualified Person
for Kirrin who has reviewed the contents of this news release.
Additional information relating to Kirrin is available on
Kirrin's web site at www.kirrinresources.com and on SEDAR at
www.sedar.com.
Kirrin explores for rare earth elements and uranium. In addition
to its exploration activities, Kirrin seeks to enhance its
capitalization and the quality of its portfolio through options and
corporate development activity. Its strategy is well defined:
enhancing shareholder value by combining technical expertise,
corporate development skills and professional management. Kirrin's
shares trade on the TSX Venture Exchange under the symbol KYM.
To receive company news releases via e-mail, please advise
lauren@chfir.com and specify "Kirrin News" in the subject line.
Forward-looking information: Except for statements of historical
fact, all statements in this news release including, without
limitation, future plans and objectives of the Company are
forward-looking statements which involve risks and uncertainties.
Specifically, this press release contains forward-looking
statements concerning the availability of data and reports and the
timing and constituents of exploration programs. There can be no
assurance that such statements will prove to be accurate; actual
results and future events could differ materially from those
expressed or implied by such forward-looking information and undue
reliance should not be placed on it. The anticipated time frame and
constituents of the planned exploration program assumes that the
Company will continue to allocate sufficient priority to this work
relative to its finite cash resources for its overall exploration
activity. In each case the risk factors that could cause actual
results to vary from results expressed or implied by the
forward-looking statements contained in this press release are
primarily events beyond Kirrin's control. These forward-looking
statements are made as of the date hereof and except as required by
applicable securities legislation, the Company undertakes no
obligation to publically update or revise forward-looking
information, whether as a result of new information, future events
or otherwise.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Kirrin Resources Inc. Derek J Moran President 27 82
440 3426 www.kirrinresources.com CHF Investor Relations Robin Cook
Account Manager (416) 868-1079 robin@chfir.com
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