Ranger Retains Nicholas and Associates for the 43-101 Geological Report on Rexspar Project
March 30 2006 - 7:30AM
Business Wire
International Ranger Corp. (the "Company") (PINK SHEETS:IRNG) is
pleased to announce that it has retained Nicholas and Associates, a
geological consulting firm based in Vancouver, to prepare a 43-101
compliant report for the Rexspar property. The report will make
recommendations for advancing the project and propose a plan for
the next phase of exploration. The Rexspar property is located in
Central British Columbia, Canada approximately 130km north of the
city of Kamloops. Rexspar is an advanced stage Uranium, Fluorite,
and Molybdenum exploration property with extensive archived data
including drilling results with historic Uranium and Fluorite
tonnage and grade calculations, in feasibility reports. Mr. Jo
Shears, M.Sc. P.Geo., of Nicholas and Associates, will review and
comment on the previous tonnage and grades in the upcoming report.
Mr. Shears previously worked on the Feasibility report of the
Rexspar Florite deposit. At the present time no clear geological
model for the deposition of the Uranium, Fluorite, or Molybdenum
mineralization has been concluded. The host rocks range from lower
Cambrian to Lower Devonian and Mississippian in age. Late meteoric
fluid migration through the lower strata, are believed to be the
source of the mineral deposition however this is inconclusive. Also
there is evidence for a large hydrothermal alteration system on the
property which may be related to the emplacement of the Uranium,
Fluorite and Molybdenum mineralization. On the advice of Nicholas
and Associates the Company has now increased the size of its land
holding to 7987 hectares (19,737.46 acres), roughly double the
previous land position. The company also has paid a Reclamation
Bond covering the first phase of exploration and drilling permits.
About International Ranger Corp.: International Ranger Corp. is an
active Canadian Uranium Exploration Company with two uranium
projects. The "Rexspar Uranium Deposit" consists of 7987 hectares
(19,737 acres) located in British Columbia. A polymetallic deposit
with rare earth values, the "Rexpar" has a potentially expandable
resource of 1.62 million tonnes of uranium ore at a grade of just
under 2 lbs/ton. The Whiskey Gap property in Alberta is underlain
by a series of fluvial sandstones of Cretaceous age similar to
sandstones which host significant roll front Uranium deposits.
Water samples indicate that Uranium is present. The existence of
anomolous radioactivity has also been confirmed by drilling. The
combined area of exploration encompasses 240,000 acres. 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. Farshad Shirvani, Msc. Geol. International
Ranger Corp. (PINK SHEETS:IRNG)
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