Kirrin Resources Inc

Published : June 27th, 2011

Commences Gravity Survey to Define Drill Targets at Grevet REE Property

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Keywords :   Rare Earth | Uranium |

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Kirrin Resources Inc.
TSX VENTURE: KYM
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June 27, 2011
Kirrin Commences Gravity Survey to Define Drill Targets at Grevet REE Property
CALGARY, ALBERTA--(Marketwire - June 27, 2011) - Kirrin Resources Inc. (TSX VENTURE:KYM) announces the commencement of a geophysical program at its Grevet REE (rare earth element) project in northwestern Quebec. Kirrin has retained Abitibi Geophysics Inc. of Val-d'Or, Quebec, to complete a gravity survey comprising about 3.4 line kilometres at 25-metre station intervals. The gravity survey will cover sections of the project area that may be underlain by a large carbonatite body.

Quebec is host to a number of impressive REE sampling and drilling results, including the Montviel Property operated by GeoMegA Ressources and the Eldor Property operated by Commerce Resources Corp. Kirrin commenced exploration at its Grevet REE property in late April 2010. Sampling results of carbonatite dykes and dykelets have demonstrated the presence of encouraging amounts of rare earth elements and include 14.19% TREO (total rare earth oxide) in a grab sample from a narrow carbonatite dykelet and 1.61% LREO across 2.2 metres from a wider carbonatite dyke. .

Kirrin has designed a three phase program for its 2011 exploration at the Grevet REE property (NR February 3, 2011). The first phase commenced in May with prospecting on priority areas, including the collection of samples and assessment of exploration potential. Contingent on encouraging results, a second phase of follow-up work intended to identify and define drill targets could commence in July. A compilation and interpretation of the results from phases 1 and 2 will determine if a phase three drill program would commence in September-October.

Kirrin is earning a 100% interest in the Grevet REE property by spending $1,850,000 on exploration and making payments of $20,000 over four years. Kirrin recently extended its land interests and may earn a 100% interest in the Grevet Extension property by spending $250,000 on exploration and making payments of $25,000 over four years. The property now consists of 86 claims totalling 2,024 ha.

William Gilmour B.Sc., P.Geo. is the designated Qualified Person for Kirrin who has reviewed the contents of this news release.

Additional information relating to Kirrin is available on Kirrin's web site at www.kirrinresources.com and on SEDAR at www.sedar.com.

Kirrin explores for rare earth elements and uranium. In addition to its exploration activities, Kirrin seeks to enhance its capitalization and the quality of its portfolio through options and corporate development activity. 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.

To receive company news releases via e-mail, please advise lauren@chfir.com and specify "Kirrin News" in the subject line.

Forward-looking information: Except for statements of historical fact, all statements in this news release including, without limitation, future plans and objectives of the Company are forward-looking statements which involve risks and uncertainties. Specifically, this news release contains forward-looking statements concerning the completion of a geophysical program as part of a broader exploration program and the subsequent availability of data and reports and the timing and constituents of these programs. 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 and undue reliance should not be placed on it. The anticipated time frame and constituents of the planned programs assumes the availability of personnel and equipment from third parties and that the Company will continue to allocate sufficient priority to this work relative to its finite cash resources for its overall exploration activity. In each case the risk factors that could cause actual results to vary from results expressed or implied by the forward-looking statements contained in this news release are primarily events beyond Kirrin's control. These forward-looking statements are made as of the date hereof and 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.


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.

CONTACT INFORMATION:

Kirrin Resources Inc.
Derek J Moran
President
27 82 440 3426

or

CHF Investor Relations
Robin Cook
Account Manager
(416) 868-1079
robin@chfir.com

INDUSTRY: Manufacturing and Production - Mining and Metals

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Kirrin Resources Inc

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Kirrin is a exploration company based in Canada.

Kirrin holds various exploration projects in Canada and in South Africa.

Its main exploration properties are BOXEY POINT, GREVET REE and ALEXIS RIVER in Canada and DOORNBULT and LONDON in South Africa.

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Financings of Kirrin Resources Inc
12/7/2011Postpones Private Placement
12/1/2010Closes $0.7 Million Private Placement
3/16/2010Closes Fully Subscribed $200,000 Private Placement
2/3/2010Announces $200,000 Private Placement
12/23/2009Closes Fully Subscribed Flow-Through Offering
12/10/2009Closes First Tranche of Flow-Through Offering
11/19/2009Announces $800,000 Flow-Through Offering
11/13/2009Completes $206,000 Private Placement
12/31/2008Suspends Private Placement
Nominations of Kirrin Resources Inc
4/4/2013Directors Resign
5/16/2012Announces Change in Independent Directors
Financials of Kirrin Resources Inc
8/26/2011Progresses Uranium and Rare Earth Elements Exploration and F...
5/30/2011Reports Q1 2011 Results
9/2/2009Second Quarter 2009 Results and Highlights
5/28/2009First Quarter 2009 Results and Highlights
11/26/2008' Third Quarter 2008 Results and Activity Update
8/19/2008Second Quarter 2008 Results and Highlights
5/29/2008First Quarter 2008 Results and Highlights
Project news of Kirrin Resources Inc
10/12/2011REE Results from Kirrin's Grevet Property Include 20% TREO
10/3/2011and Ucore Agree Revised Terms at Bottom Brook REE Project
9/20/2011Stakes New Property in SE Athabasca Basin
9/12/2011(Alexis River)Radium Analyses Identify Drill Sites at Kirrin's Alexis Rive...
5/24/2011Announces Completion of Airborne Geophysics Survey at Key La...
2/24/2011Announces Lost Pond Drill Results; 2011 Exploration in Weste...
7/8/2010(Grevet Ree)Update on Grevet REE Project in Quebec; Increased Focus on N...
9/24/2009(Lost Pond)Announces 2009 Exploration Plans for Lost Pond REE and Urani...
9/17/2009(Boxey)Awarded $100,000 Grant by N&L for Boxey Point Project
9/14/2009(Boxey)Announces 2009 Exploration Plans for Boxey Point Uranium Pro...
12/10/2008(Boxey)Reports Sampling Results From Boxey Point Uranium Property i...
8/6/2008(Alexis River)Completes Fieldwork at Alexis River Uranium Property in Labr...
4/23/2008(Alexis River)Releases Lake Sediment Sampling Results From Alexis River Ur...
Corporate news of Kirrin Resources Inc
8/29/2012Reports Q2 2012 Results
5/29/2012Reports Q1 2012 Results
4/30/2012Reports 2011 Results and Provides Corporate Update
11/25/2011Q3 2011 Report
8/11/2011Airborne Survey Shows 13 High Priority Targets at Key Lake S...
6/27/2011(Grevet Ree)Commences Gravity Survey to Define Drill Targets at Grevet R...
6/21/2011(Grevet Ree)Doubles Grevet REE Project; Adds Gold and VMS Prospects
5/4/2011Provides Update From AGM: REE and Uranium Programs Underway;...
4/5/2011Reports 2010 Results
8/17/2010Reports Key Lake SW Airborne Survey Results Define 78=2E2 Ki...
5/10/2010Reports Continued Rare Earth Element and Uranium Portfolio E...
4/5/2010Reports 2009 Results
2/8/2010Announces Results Up to 10=2E04% TREO From Its Recently Comp...
11/21/2009Clarifies November 19, 2009 Release
9/9/2009Announces $800,000 Offering
6/17/2009Enters Option Agreement With Kodiak for Otish Basin Uranium ...
6/15/2009Rising Uranium price attracts investment in Canadian juniors...
5/27/2009hanges Name to Kirrin Resources Inc=2E and Consolidates Shar...
12/5/2008Announces $1 Million Offering
11/24/2008Reports Up to 0=2E754% U3O8 Intersection in Drill Core at Al...
11/3/2008Strategy Update
9/16/2008Agrees to Enter Option Agreement With Ucore for Newfoundland...
7/3/2008Closes Sale of Diamond Interests
6/11/2008Announces 2008 Exploration Plans for Newfoundland and Labrad...
5/13/2008Announces Disposal of Diamond Interests
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