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Post by Franko10 ™ on Jan 31, 2005 12:21:48 GMT -5
Kensington Completes Three Large Diameter Drillholes on Kimberlite 122
VANCOUVER, B.C.--(BUSINESS WIRE)--Oct. 4, 2000
Kensington Resources Ltd. (CDNX:KRT.)(OTCBB:KNSRF)(the "Company") and its partners are pleased to announce the successful completion of three drill holes in this year's ambitious $2.26 million joint venture drilling program at the Fort la Corne Diamond Project in Saskatchewan.
Three holes were completed on kimberlite body 122 and drilling has now commenced on kimberlite body 141 where it has entered kimberlite in the first of two remaining drillholes in this year's program. All Joint Venture partners are pleased with the excellent progress to date.
Kimberlite body 122 was chosen for significant minibulk sampling in 2000 because of its immense size and its potential for additional recovery of commercial size stones. It encompasses an area of 108 hectares (267 acres) and is estimated to contain 540 million tonnes of kimberlite (as determined by geophysical modeling within margins based on a less than 30-metre thickness cutoff).
Three very large diameter reverse circulation drillholes (610 mm - approx. 24") intersected significant thicknesses of kimberlite in body 122. A total of 732.7 metres was drilled with a combined kimberlite intersection of 402.5 metres. Two drillholes penetrated through the body while the third drillhole was halted within hard, altered kimberlite that lines the bottom portion of the body. The calculated mass of kimberlite excavated by drilling thus far is 295.3 tonnes, of which 168.2 tonnes of wet kimberlite chips, with a minimum diameter of 1.0 mm, were retained for further processing at the dense media separation plant operated by DeBeers in Grande Prairie, Alberta. All retained kimberlite was collected in samples covering 12 metre intervals
A summary table of relevant information for the three drillholes completed to date is shown below:
Total Total
Thickness of Kimberlite Kimberlite
Kimberlite Excavated Retained Number of 12 m
Drillhole Intersected (tonnes) (tonnes) Minibulk Samples
---------------------------------------------------------------
122-009 155.1 113.6 63.9 14
122-010 145.5 106.6 57.9 13
122-011 101.9 75.1 46.4 9
Totals: 402.5 295.3 168.2 36
Highly prospective, coarser grained macrocrystic kimberlite was encountered in all three drillholes. Target 122-10 was particularly interesting in that a thicker than expected macrocrystic kimberlite was intersected.
A Special Technical Meeting of the Joint Venture partners took place in Victoria, British Columbia on September 24 and 25, 2000 with David Stone and Brent Jellicoe of Kensington and representatives from DeBeers. Among the subjects discussed were previous results and informal forward-looking discussions for the project. Based upon that meeting, the Company expects to release further information concerning previous results from Fort la Corne drilling and exploration programs.
The Fort a la Corne Diamond Project is a joint venture among DeBeers Canada Exploration Inc. (formerly Monopros Ltd.), 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 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 not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
COPYRIGHT 2000 Business Wire
COPYRIGHT 2000 Gale Group
VANCOUVER, B.C.--(BUSINESS WIRE)--Oct. 4, 2000
Kensington Resources Ltd. (CDNX:KRT.)(OTCBB:KNSRF)(the "Company") and its partners are pleased to announce the successful completion of three drill holes in this year's ambitious $2.26 million joint venture drilling program at the Fort la Corne Diamond Project in Saskatchewan.
Three holes were completed on kimberlite body 122 and drilling has now commenced on kimberlite body 141 where it has entered kimberlite in the first of two remaining drillholes in this year's program. All Joint Venture partners are pleased with the excellent progress to date.
Kimberlite body 122 was chosen for significant minibulk sampling in 2000 because of its immense size and its potential for additional recovery of commercial size stones. It encompasses an area of 108 hectares (267 acres) and is estimated to contain 540 million tonnes of kimberlite (as determined by geophysical modeling within margins based on a less than 30-metre thickness cutoff).
Three very large diameter reverse circulation drillholes (610 mm - approx. 24") intersected significant thicknesses of kimberlite in body 122. A total of 732.7 metres was drilled with a combined kimberlite intersection of 402.5 metres. Two drillholes penetrated through the body while the third drillhole was halted within hard, altered kimberlite that lines the bottom portion of the body. The calculated mass of kimberlite excavated by drilling thus far is 295.3 tonnes, of which 168.2 tonnes of wet kimberlite chips, with a minimum diameter of 1.0 mm, were retained for further processing at the dense media separation plant operated by DeBeers in Grande Prairie, Alberta. All retained kimberlite was collected in samples covering 12 metre intervals
A summary table of relevant information for the three drillholes completed to date is shown below:
Total Total
Thickness of Kimberlite Kimberlite
Kimberlite Excavated Retained Number of 12 m
Drillhole Intersected (tonnes) (tonnes) Minibulk Samples
---------------------------------------------------------------
122-009 155.1 113.6 63.9 14
122-010 145.5 106.6 57.9 13
122-011 101.9 75.1 46.4 9
Totals: 402.5 295.3 168.2 36
Highly prospective, coarser grained macrocrystic kimberlite was encountered in all three drillholes. Target 122-10 was particularly interesting in that a thicker than expected macrocrystic kimberlite was intersected.
A Special Technical Meeting of the Joint Venture partners took place in Victoria, British Columbia on September 24 and 25, 2000 with David Stone and Brent Jellicoe of Kensington and representatives from DeBeers. Among the subjects discussed were previous results and informal forward-looking discussions for the project. Based upon that meeting, the Company expects to release further information concerning previous results from Fort la Corne drilling and exploration programs.
The Fort a la Corne Diamond Project is a joint venture among DeBeers Canada Exploration Inc. (formerly Monopros Ltd.), 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 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 not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
COPYRIGHT 2000 Business Wire
COPYRIGHT 2000 Gale Group
