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Post by Franko10 ™ on Jan 31, 2005 12:27:22 GMT -5
Kensington Directors In Europe For Diamond Valuations & Meetings
VICTORIA, British Columbia--(BUSINESS WIRE)--July 12, 2001
Kensington Resources Ltd. (the "Company") is pleased to report that David Stone (President) and William Zimmerman (Director) have arrived in Antwerp, Belgium to oversee the valuation of stones recovered from the 2000 drilling program.
The Company's diamond valuator, WWW International Diamond Consultants Ltd. ("WWW"), provides consulting and valuation services to diamond prospecting and producing companies as well as foreign governments at the highest level. Their official advisory services have included a number of mining and prospecting companies and the Canadian Federal government. WWW is the minority partner with Aboriginal Diamond Group (ADG) which together formed Diamonds International Canada (DICAN) Ltd. to win the tender in July 1998 to become the first Canadian Government diamond valuators. The Company anticipates the independent valuation of the 2000 stones will enhance the Fort a la Corne database and provide additional information for the revenue modeling results previously released by De Beers.
Mssrs. Stone and Zimmerman will also be meeting with members of the diamond industry and investment communities in Antwerp, Brussels and London, England. The Company is optimistic this trip will open many new avenues in the both the diamond market and the European financial communities.
The Company also wishes to report that the 2001 drilling program at Fort a la Corne is progressing well.
The Fort a la Corne Diamond Project is a joint venture among De Beers Canada Exploration Inc., a wholly owned subsidiary of DeBeers (42.25%), Cameco Corporation (CCO-TM;CCJ-DNQX;CMECF-L) (5.5%), UEM Inc. (carried 10%), and Kensington Resources Ltd. (KRT-CDNX;KNSRF-L) (42.25%). The 71 kimberlite bodies of the Fort a la Corne field form one of the largest diamondiferous clusters in the world. The 2001 program is funded by Kensington, De Beers, and Cameco.
ON BEHALF OF THE BOARD OF DIRECTORS OF
KENSINGTON RESOURCES LTD.
(signed) "Murray Tildesley"
Murray Tildesley
Director
TRADING SYMBOL: KRT-CDNX
KENSINGTON RESOURCES LTD.
Tel: (250) 361-1KRT (361-1578) Fax: (250) 361-3410
Website: www.kensington-resources.com
E-Mail: info@kensington-resources.com
Sedar Profile No: 00003024
FORM 20-F FILE #0-24980
For further information, please contact William Callahan, Manager of Investor Relations at (250) 361-1KRT or by e-mail at bill@kensington-resources.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipates" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. Such factors include, among others, the risk factors contained in the Company's documents filed from time to time with the B.C. Securities Commission and the U.S. Securities and Exchange Commission.
The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
COPYRIGHT 2001 Business Wire
COPYRIGHT 2002 Gale Group
VICTORIA, British Columbia--(BUSINESS WIRE)--July 12, 2001
Kensington Resources Ltd. (the "Company") is pleased to report that David Stone (President) and William Zimmerman (Director) have arrived in Antwerp, Belgium to oversee the valuation of stones recovered from the 2000 drilling program.
The Company's diamond valuator, WWW International Diamond Consultants Ltd. ("WWW"), provides consulting and valuation services to diamond prospecting and producing companies as well as foreign governments at the highest level. Their official advisory services have included a number of mining and prospecting companies and the Canadian Federal government. WWW is the minority partner with Aboriginal Diamond Group (ADG) which together formed Diamonds International Canada (DICAN) Ltd. to win the tender in July 1998 to become the first Canadian Government diamond valuators. The Company anticipates the independent valuation of the 2000 stones will enhance the Fort a la Corne database and provide additional information for the revenue modeling results previously released by De Beers.
Mssrs. Stone and Zimmerman will also be meeting with members of the diamond industry and investment communities in Antwerp, Brussels and London, England. The Company is optimistic this trip will open many new avenues in the both the diamond market and the European financial communities.
The Company also wishes to report that the 2001 drilling program at Fort a la Corne is progressing well.
The Fort a la Corne Diamond Project is a joint venture among De Beers Canada Exploration Inc., a wholly owned subsidiary of DeBeers (42.25%), Cameco Corporation (CCO-TM;CCJ-DNQX;CMECF-L) (5.5%), UEM Inc. (carried 10%), and Kensington Resources Ltd. (KRT-CDNX;KNSRF-L) (42.25%). The 71 kimberlite bodies of the Fort a la Corne field form one of the largest diamondiferous clusters in the world. The 2001 program is funded by Kensington, De Beers, and Cameco.
ON BEHALF OF THE BOARD OF DIRECTORS OF
KENSINGTON RESOURCES LTD.
(signed) "Murray Tildesley"
Murray Tildesley
Director
TRADING SYMBOL: KRT-CDNX
KENSINGTON RESOURCES LTD.
Tel: (250) 361-1KRT (361-1578) Fax: (250) 361-3410
Website: www.kensington-resources.com
E-Mail: info@kensington-resources.com
Sedar Profile No: 00003024
FORM 20-F FILE #0-24980
For further information, please contact William Callahan, Manager of Investor Relations at (250) 361-1KRT or by e-mail at bill@kensington-resources.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipates" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. Such factors include, among others, the risk factors contained in the Company's documents filed from time to time with the B.C. Securities Commission and the U.S. Securities and Exchange Commission.
The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
COPYRIGHT 2001 Business Wire
COPYRIGHT 2002 Gale Group
