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Post by Franko10 ™ on Jan 31, 2005 12:20:37 GMT -5
Kensington Drilling Two High Priority Kimberlite Bodies
VANCOUVER, B.C.--(BUSINESS WIRE)--Aug. 16, 2000
Kensington Resources Ltd. (CDNX:KRT.) ("the Company") is pleased to announce that the $2.26 Million Joint Venture 2000 Drilling Program at the Fort a la Corne Property will commence one week behind schedule, on August 21, 2000 to accommodate drill component refitting.
The Company wishes to note the method by which these kimberlites were chosen and to highlight their exceptional physical size compared to many other Canadian kimberlites. Because of this and other factors the Joint Venture partners are anticipating a final recovery of a much greater number of diamonds, in greater individual carat size, with this program, as compared to other Fort a la Corne programs.
Planning for the drilling program includes 4 to 5 very large diameter reverse circulation drillholes (24 inch), the number being dependent on thickness of kimberlite intersections and costs for overburden drilling. Up to 610 tonnes of kimberlite will be sampled with some 400 tonnes (65%) of material greater than 1 mm in size retained for processing at the dense media separation plant operated by Monopros Limited in Grande Prairie, Alberta. This sample tonnage is expected from a total drilling meterage of 1,430 metres composed of 530 metres of overburden and 900 metres of kimberlite. The intent of this ambitious program is to obtain 40-50 carats of diamond from two kimberlites for stone valuation and to enable initial revenue modeling.
Drilling locations were selected on two of the higher priority kimberlite bodies, recently highlighted in a new evaluation of the entire Joint Venture holdings at Fort a la Corne by De Beers diamond specialists. Kimberlite bodies 122 and 141 were chosen for significant minibulk sampling in 2000, because of their large size and greater potential for recovery of commercial-size stones. All drillholes are positioned to intersect kimberlite intervals near the middle of the bodies to maximise sample recovery. Consequently, areas of potentially reworked kimberlite near the body margins will not be tested in this program.
Body 122 covers an estimated area of 108 hectares (267 acres) and embodies a mass determined by geophysical modeling of 540 million tonnes of kimberlite within margins based on a less than 30 metre thickness cutoff. Stone size modeling of historical results indicates a coarse size frequency distribution for this body. This modeling suggests body 122 is one of the highest priorities of the Fort a la Corne Kimberlites
Body 141 has an estimated area of 106.8 hectares and volume of 395 million tonnes - based on less than 30-metre thickness cutoff (excludes tapered edge of kimberlite). Microdiamond analysis affirmed a high potential for the recovery of commercial-sized stones from this body.
The Fort a la Corne Diamond Project is a joint venture among Monopros Limited, a wholly owned subsidiary of DeBeers (DBRSY-Q) (38%), Cameco Corporation (CCO-TM;CCJ-DNQX;CMECF-L) (14%), UEM Inc. (10%) and Kensington Resources Ltd., (KRT-CDNX;KNSRF-L) (38%). The Fort a la Corne kimberlite cluster is one of the largest clusters in the world containing 71 kimberlite bodies.
ON BEHALF OF THE BOARD OF DIRECTORS OF KENSINGTON RESOURCES LTD.
(signed) "David H. Stone"
David H. Stone President
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)--Aug. 16, 2000
Kensington Resources Ltd. (CDNX:KRT.) ("the Company") is pleased to announce that the $2.26 Million Joint Venture 2000 Drilling Program at the Fort a la Corne Property will commence one week behind schedule, on August 21, 2000 to accommodate drill component refitting.
The Company wishes to note the method by which these kimberlites were chosen and to highlight their exceptional physical size compared to many other Canadian kimberlites. Because of this and other factors the Joint Venture partners are anticipating a final recovery of a much greater number of diamonds, in greater individual carat size, with this program, as compared to other Fort a la Corne programs.
Planning for the drilling program includes 4 to 5 very large diameter reverse circulation drillholes (24 inch), the number being dependent on thickness of kimberlite intersections and costs for overburden drilling. Up to 610 tonnes of kimberlite will be sampled with some 400 tonnes (65%) of material greater than 1 mm in size retained for processing at the dense media separation plant operated by Monopros Limited in Grande Prairie, Alberta. This sample tonnage is expected from a total drilling meterage of 1,430 metres composed of 530 metres of overburden and 900 metres of kimberlite. The intent of this ambitious program is to obtain 40-50 carats of diamond from two kimberlites for stone valuation and to enable initial revenue modeling.
Drilling locations were selected on two of the higher priority kimberlite bodies, recently highlighted in a new evaluation of the entire Joint Venture holdings at Fort a la Corne by De Beers diamond specialists. Kimberlite bodies 122 and 141 were chosen for significant minibulk sampling in 2000, because of their large size and greater potential for recovery of commercial-size stones. All drillholes are positioned to intersect kimberlite intervals near the middle of the bodies to maximise sample recovery. Consequently, areas of potentially reworked kimberlite near the body margins will not be tested in this program.
Body 122 covers an estimated area of 108 hectares (267 acres) and embodies a mass determined by geophysical modeling of 540 million tonnes of kimberlite within margins based on a less than 30 metre thickness cutoff. Stone size modeling of historical results indicates a coarse size frequency distribution for this body. This modeling suggests body 122 is one of the highest priorities of the Fort a la Corne Kimberlites
Body 141 has an estimated area of 106.8 hectares and volume of 395 million tonnes - based on less than 30-metre thickness cutoff (excludes tapered edge of kimberlite). Microdiamond analysis affirmed a high potential for the recovery of commercial-sized stones from this body.
The Fort a la Corne Diamond Project is a joint venture among Monopros Limited, a wholly owned subsidiary of DeBeers (DBRSY-Q) (38%), Cameco Corporation (CCO-TM;CCJ-DNQX;CMECF-L) (14%), UEM Inc. (10%) and Kensington Resources Ltd., (KRT-CDNX;KNSRF-L) (38%). The Fort a la Corne kimberlite cluster is one of the largest clusters in the world containing 71 kimberlite bodies.
ON BEHALF OF THE BOARD OF DIRECTORS OF KENSINGTON RESOURCES LTD.
(signed) "David H. Stone"
David H. Stone President
The Canadian Venture Exchange has neither approved nor disapproved of the information contained herein.
COPYRIGHT 2000 Business Wire
COPYRIGHT 2000 Gale Group
