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Post by Franko10 ™ on Jan 31, 2005 12:15:42 GMT -5
Kensington Resources Ltd. — Preliminary Statement Regarding Annual Technical Meeting
VANCOUVER, B.C.--(BUSINESS WIRE)--June 7, 2000
Kensington Resources Ltd. (the "Company") (CDNX:KRT.) is pleased to report, following its Annual Technical Meeting at Saskatoon on May 31, 2000, that an agreement in principal has been reached by the Joint Venture partners to undertake a drilling program this year of up to $2,000,000 (Two Million Dollars).
This major commitment would represent one of the most ambitious drilling programs at Fort a la Corne to date. A program of such magnitude serves to emphasize all the Joint Venture partners' enthusiasm for the Forte a la Corne property.
To this end, all Joint Venture partners have agreed to meet within two weeks to discuss finalization of plans for this years Drilling Program. Such a follow-up meeting is unprecedented in the Joint Venture's history and emphasizes the intent to move the project forward as quickly, decisively and as prudently possible.
This announcement is only a brief update on this single item and is intended to assure all shareholders that details of the drilling program and any other significant news will be announced as quickly as possible.
The Fort a la Corne Diamond Project is a joint venture composed of Monopros Limited, a wholly owned subsidiary of DeBeers (DBRSY-Q) (38.5%), Cameco Corporation (CCO-TM; CCJ-DNQX; CMECF-L) (12.9%), UEM Inc. (10%) and Kensington Resources Ltd. (KRT-CDNX;KNSRF-L) (38.5%). The Fort a la Corne kimberlite cluster is one of the largest clusters in the world containing 71 kimberlite bodies. To date, 69 of the 71 kimberlite pipes on the site have been tested. Forty-nine kimberlite pipes have been found to be diamond-bearing, with 34 kimberlite pipes containing macrodiamonds larger than one millimetre. Details of upcoming exploration programs will be announced shortly.
ON BEHALF OF THE BOARD OF DIRECTORS OF KENSINGTON RESOURCES LTD.
(signed) "David H. Stone"
David H. Stone President
TRADING SYMBOL: KRT-CDNX. www.kensington-resources.com
The Canadian Venture Exchange has neither approved nor disapproved of the information contained herein.
COPYRIGHT 2000 Business Wire
COPYRIGHT 2000 Gale Group
VANCOUVER, B.C.--(BUSINESS WIRE)--June 7, 2000
Kensington Resources Ltd. (the "Company") (CDNX:KRT.) is pleased to report, following its Annual Technical Meeting at Saskatoon on May 31, 2000, that an agreement in principal has been reached by the Joint Venture partners to undertake a drilling program this year of up to $2,000,000 (Two Million Dollars).
This major commitment would represent one of the most ambitious drilling programs at Fort a la Corne to date. A program of such magnitude serves to emphasize all the Joint Venture partners' enthusiasm for the Forte a la Corne property.
To this end, all Joint Venture partners have agreed to meet within two weeks to discuss finalization of plans for this years Drilling Program. Such a follow-up meeting is unprecedented in the Joint Venture's history and emphasizes the intent to move the project forward as quickly, decisively and as prudently possible.
This announcement is only a brief update on this single item and is intended to assure all shareholders that details of the drilling program and any other significant news will be announced as quickly as possible.
The Fort a la Corne Diamond Project is a joint venture composed of Monopros Limited, a wholly owned subsidiary of DeBeers (DBRSY-Q) (38.5%), Cameco Corporation (CCO-TM; CCJ-DNQX; CMECF-L) (12.9%), UEM Inc. (10%) and Kensington Resources Ltd. (KRT-CDNX;KNSRF-L) (38.5%). The Fort a la Corne kimberlite cluster is one of the largest clusters in the world containing 71 kimberlite bodies. To date, 69 of the 71 kimberlite pipes on the site have been tested. Forty-nine kimberlite pipes have been found to be diamond-bearing, with 34 kimberlite pipes containing macrodiamonds larger than one millimetre. Details of upcoming exploration programs will be announced shortly.
ON BEHALF OF THE BOARD OF DIRECTORS OF KENSINGTON RESOURCES LTD.
(signed) "David H. Stone"
David H. Stone President
TRADING SYMBOL: KRT-CDNX. www.kensington-resources.com
The Canadian Venture Exchange has neither approved nor disapproved of the information contained herein.
COPYRIGHT 2000 Business Wire
COPYRIGHT 2000 Gale Group
