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Post by Franko10 ™ on Jan 31, 2005 12:23:23 GMT -5
Debeers To Deliver Diamond Results By Mid-February
VANCOUVER, B.C.--(BUSINESS WIRE)--Jan. 24, 2001
Kensington Resources Ltd. (CDNX:KRT.) is pleased to announce that it has received confirmation from DeBeers Canada Exploration Inc. that the 2000 Drill Program macrodiamond recovery results are nearing completion and should be available soon.
This work is being done at the De Beers facilities in Johannesburg, South Africa. Based upon that confirmation, Kensington believes that these results could be made available as early as the middle of February. It is the hope of all Joint Venture partners that these results prove to be a major step forward in the development of the Fort a la Corne property. As previously reported, MPH Consulting South Africa (Pty) Ltd., continues to remain on site to independently audit all diamond recovery procedures of the Fort a la Corne joint venture concentrates.
Based on preliminary figures to December 31, 2000, Kensington's interest in the Fort a la Corne joint venture has increased to 42.11%, DeBeers' interest has increased to 42.11%, Cameco's interest has decreased to 5.77% and UEM Inc.'s interest remains at 10%.
The Fort a la Corne Diamond Project is a joint venture among DeBeers Canada Exploration Inc., a wholly owned subsidiary of DeBeers (DBRSY-Q), Cameco Corporation (CCO-TM;CCJ-DNQX;CMECF-L), UEM Inc. and Kensington Resources Ltd. (KRT-CDNX;KNSRF-L). 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.
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 2001 Business Wire
COPYRIGHT 2001 Gale Group
VANCOUVER, B.C.--(BUSINESS WIRE)--Jan. 24, 2001
Kensington Resources Ltd. (CDNX:KRT.) is pleased to announce that it has received confirmation from DeBeers Canada Exploration Inc. that the 2000 Drill Program macrodiamond recovery results are nearing completion and should be available soon.
This work is being done at the De Beers facilities in Johannesburg, South Africa. Based upon that confirmation, Kensington believes that these results could be made available as early as the middle of February. It is the hope of all Joint Venture partners that these results prove to be a major step forward in the development of the Fort a la Corne property. As previously reported, MPH Consulting South Africa (Pty) Ltd., continues to remain on site to independently audit all diamond recovery procedures of the Fort a la Corne joint venture concentrates.
Based on preliminary figures to December 31, 2000, Kensington's interest in the Fort a la Corne joint venture has increased to 42.11%, DeBeers' interest has increased to 42.11%, Cameco's interest has decreased to 5.77% and UEM Inc.'s interest remains at 10%.
The Fort a la Corne Diamond Project is a joint venture among DeBeers Canada Exploration Inc., a wholly owned subsidiary of DeBeers (DBRSY-Q), Cameco Corporation (CCO-TM;CCJ-DNQX;CMECF-L), UEM Inc. and Kensington Resources Ltd. (KRT-CDNX;KNSRF-L). 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.
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 2001 Business Wire
COPYRIGHT 2001 Gale Group
