Irwin Energy Inc. Starts Exploration Project in Fort a la Corne
Sep 20, 2006 9:56:00 AM
VANCOUVER, BC -- (MARKET WIRE) -- 09/20/06 -- Irwin Energy Inc. (the "Company") (PINKSHEETS: IWNE) is pleased to announce that it has started its exploration efforts on their newly acquired property in the Fort a la Corne area. This acquisition was announced by the Company in a press release issued on August 15, 2006.
The exploration on the Company's property will entail a process-titled Land Maging to determine the geophysics of the property. The procedure will be conducted over the properties at 100-meter intervals so as to outline for the Company's drilling contractor more precise kimberlite targets where sample drilling should be conducted.
The Fort a la Corne area of Saskatchewan hosts one of the most extensive kimberlite fields in the world. Over 70 kimberlites exist in the Fort a la Corne area and over 70 percent of these have been shown to contain diamonds. The deposition and erosional history at Fort a la Corne is such that the crater portions of the volcanic eruptive events have been preserved and not scraped away by glaciation, as is the case with most kimberlites. As a result, the crater portion of the kimberlite has significant geographic extent.
Mr. J. R. Gaetz, President of Irwin Energy Inc., stated, "Shore Gold Inc, one of the major companies in the Canadian diamond industry, has had some real success in their exploration programs. On September 6, 2006 they announced results of 10.26, 6.62, 3.37 and 3.53 carat diamonds in a 340 carat parcel. As their property adjoins our claims at Fort a la Corne, this gives us a good feeling that we may be in the right place at the right time."
Shore Gold was the first company in the Fort a la Corne district to locate a root zone beneath the kimberlite crater when drill hole Star 20 intersected 539 metres of continuous kimberlite. This is the longest intersection of continuous kimberlite from a vertical drill hole ever reported In North America.
About Irwin Energy
Irwin Energy is a junior resource company based in Vancouver, B.C. Irwin Energy engages in the acquisition, exploration and development of resources properties with the intent to prove up oil and gas reserves and mineral deposits. Irwin Energy seeks out low-risk opportunities to develop positive cash flow from proven and probable resource properties where prior exploration has been successful. Irwin Energy plans to grow exclusively through the efficient reinvestment of its internally generated cash flow and through limited external financing, which it plans to utilize to build ancillary businesses.
Contact Info:
Investor Relations
Pavel Doukhine
604 608 2733
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