International Arimex acquires additional uranium properties
May 30th, 2007Mr. Chris England, President of International Arimex Resources Inc., (”Arimex”) is pleased to announce the Company has staked an additional 5,682 hectare block of land, contiguous to claims held by JNR Resources Inc. and International Uranium Corp., in the southeastern part of the Athabasca Basin of Northern Saskatchewan. The claims were recorded by the Mining Recorder’s Office in La Ronge, Saskatchewan and have been submitted to Saskatchewan Mines and Minerals offices in Regina, for final registration. The acquisition brings Arimex’s land holdings in the Athabasca Basin up to a total of 24,540 hectares. Canalaska Uranium Ltd. has been granted a 2% Yellowcake Royalty for arranging the staking on Arimex’s behalf.
Management is currently planning exploration programs to be carried out on this property as well as their Key Lake property where a recent work program has identified a 700 meter long electromagnetic conductor which parallels the Key Lake Fault zone. This fault zone hosted most of the mineralization at the Key Lake Mine located approximately 15 km to the east northeast of the Arimex property.
Dr. Colin Bowdidge the Qualified Person for this project, reiterated that the recent Key Lake drill program was significant in the identification of a favourable graphitic horizon parallel and north of the Key Lake Fault structure, cut by a major fault system with associated chlorite - hematite alteration. In addition, clay mineralogy suggests a transition from kaolinite (KEY 002 & 003) to illite in KEY 001, which is considered a possible indicator of uranium mineralization.
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.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information
Mr. Chris England (President), Phone: (604) 694-0888, Email: info@arimexresources.com, Website: www.arimexresources.com
Source: International Arimex Resources Inc.
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