|September 14, 2009|
Kirrin Resources Announces 2009 Exploration Plans For Boxey Point Uranium Project
|Kirrin Resources Inc. (TSX Venture: KYM) today announced its 2009 exploration plans for the Boxey Point uranium project located in Newfoundland and Labrador. The budget for the 2009 program is $400,000, which may be increased dependent upon results and the availability of equipment. The Boxey Point project is located on the south coast of Newfoundland and thus is unaffected by the moratorium on uranium mining and milling on Inuit Labrador land.|
Kirrin's uranium exploration expenditure plans in Canada during 2009 and 2010 are forecast at $2.1 million. This is in addition to expenditures that will arise consequent upon transactions resulting from Kirrin's current review of property acquisitions and strategic alliances with uranium partners in Canada.
The Boxey Point program will commence forthwith. It follows-up the results of fieldwork completed during 2008 and will comprise:
Reg A. Olson, Ph.D., P. Geol. is the designated Qualified Person for Kirrin on the Boxey Point project.
Additional information relating to Kirrin is available on Kirrin's web site at www.kirrinresources.com and on SEDAR at www.sedar.com.
Kirrin is engaged in uranium exploration in Newfoundland & Labrador and Quebec and in the expansion of its portfolio through acquisition, merger, strategic partnership or joint venture. 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.
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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.
Forward-looking information: Except for statements of historical fact, all statements in this news release, without limitation, regarding new projects, acquisitions, future plans and objectives are forward-looking statements which involve risks and uncertainties. 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. Risks include delays in obtaining or failure to obtain regulatory approval. 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.
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