International Arimex commits to drill program
Key Lake Uranium Project Advances To Next Stage
International Arimex Resources Inc., TSX Venture symbol, IEA, (“Arimex”) is pleased to announce the Company has committed to a three hole drill program on the Key Lake Uranium Project located in the Athabasca Basin area of north central Saskatchewan.
The Company had received a report from Condor Consulting Inc. on the processing and analysis of the VTEM EM and Magnetic Survey on the Key Lake property. The analysis delineated the existence of 3 target zones on property optioned by Arimex from Canalaska Ventures Ltd. of Vancouver and reported in a news release dated August 24th, 2006. These zones have been interpreted as graphitic zones with the potential to host uranium deposits. Canalaska’s geological team has overlaid historical data on the Condor results and has determined that further ground geophysics are not necessary, and three targeted holes averaging 300 metres each should be drilled. Arimex management has concurred with this assessment and has instructed Canalaska, the operator, to coordinate drilling efforts on a timely basis. Timing of the work will depend upon the weather and the availability of the necessary drilling crews and equipment.
Detailed budgeting and precise planning of the drill placements will be carried out in the near future, with Arimex’s consulting geologist, Dr. K. W. Geiger Ph.D., P.Eng., P.Geo., working in conjunction with Canalaska personnel.
The Company is also expecting a second report from Condor Consulting on the VTEM EM and Magnetic Survey on the Cree West Project, which is also optioned from Canalaska Ventures Ltd. These results are tentatively expected near the end of September.
Statements about the Company’s future expectations and all other statements in this press release other than historical facts are “forward looking statements”. The Company intends that such forward-looking statements be subject to the safe harbours created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company’s actual results may differ materially from the expected results.
For further information
Mr. Chris England (President), Phone: (604) 893-7066, Email: info@arimexresources.com, Website: www.arimexresources.com