Ranger Retains Nicholas and Associates for the 43-101 Geological Report on Rexspar Project.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- 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 fluorite (fl `ərīt) or fluorspar (fl , and Molybdenum molybdenum (məlĭb`dənəm) [Gr.,=leadlike], metallic chemical element; symbol Mo; at. no. 42; at. wt. 95.94; m.p. about 2,617°C;; b.p. about 4,612°C;; sp. gr. 10.22 at 20°C;; valence +2, +3, +4, +5, or +6. 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 Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. has been concluded. The host rocks range from lower Cambrian to Lower Devonian and Mississippian in age. Late meteoric me·te·or·ic adj. 1. Of, relating to, or formed by a meteoroid. 2. Of or relating to the earth's atmosphere. 3. 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 hydrothermal, hydrothermic relating to the temperature effects of water, as in hot baths. 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 un·der·lain v. Past participle of underlie. by a series of fluvial flu·vi·al adj. 1. Of, relating to, or inhabiting a river or stream. 2. Produced by the action of a river or stream. [Middle English, from Latin 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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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