Post by Franko10 ™ on Jan 31, 2005 12:28:12 GMT -5
Kensington Resources Ltd. - Minibulk Sampling From 24" Drillholes Starts At Fort La Corne Diamond Project
VICTORIA, British Columbia--(BUSINESS WIRE)--Aug. 22, 2001
FORM 20-F FILE NO. 0-24980
Kensington Resources Ltd. (the "Company") is pleased to announce the successful completion of three large diameter reverse circulation, airlift-assist (LDDH) drillholes that were utilized to provide minibulk samples from kimberlite body 141. A total of ten large diameter boreholes are planned for the second phase of drilling in the Fort la Corne Joint Venture Diamond Exploration Program. Phase one of the 2001 program saw completion of sixteen coreholes (2,413 metres of kimberlite intersected) targeted on high priority kimberlites including 140, 141 and 150.
The three completed large diameter drillholes produced 159.4 tonnes of wet chips greater than 1.5 mm in size from a calculated theoretical mass of approximately 300 tonnes of excavated kimberlite. The actual mass of kimberlite excavated for the minibulk sample will vary from the theoretical mass due to irregularities in the borehole diameter and density variations in the kimberlite. Shipping of kimberlite to the De Beers preparation facility in Grand Prairie has been initiated and will continue through the duration of the program. Processing of kimberlite for diamond recovery is expected to start during the first half of September.
Table 1: Interim Summary of Minibulk Sampling
--------------------------------------------------------------
Drillhole Kimberlite Theoretical Total Depth
Number Intersection Mass Kimberlite of Hole
(metres) (tonnes) (metres)
--------------------------------------------------------------
141-20 145.7 106.4 255.2
--------------------------------------------------------------
141-21 142.2 103.9 245.0
--------------------------------------------------------------
141-22 121.5 88.8 231.0
--------------------------------------------------------------
Four drillholes were selected by the Joint Venture for multi-parameter downhole geophysical surveys including Natural Gamma-Ray Spectrometry, Magnetic Susceptibility, Density and Sonic. These continuous logs will be compared with petrographic descriptions to highlight different types of kimberlite and layering within the 141/140 body. The surveys were conducted by geophysics experts under a Targeted Geoscience Initiative that includes the Geological Survey of Canada, Saskatchewan Energy and Mines, and the Fort la Corne Joint Venture.
The Fort la Corne Diamond Project is a joint venture among De Beers Canada Exploration Inc., a wholly owned subsidiary of De Beers (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 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) "David H. Stone"
David H. Stone
President
TRADING SYMBOL: KRT-CDNX
For further information, please contact William Callahan, Manager of Investor Relations at (250) 361-1KRT or by e-mail at bill@kensington-resources.com
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
VICTORIA, British Columbia--(BUSINESS WIRE)--Aug. 22, 2001
FORM 20-F FILE NO. 0-24980
Kensington Resources Ltd. (the "Company") is pleased to announce the successful completion of three large diameter reverse circulation, airlift-assist (LDDH) drillholes that were utilized to provide minibulk samples from kimberlite body 141. A total of ten large diameter boreholes are planned for the second phase of drilling in the Fort la Corne Joint Venture Diamond Exploration Program. Phase one of the 2001 program saw completion of sixteen coreholes (2,413 metres of kimberlite intersected) targeted on high priority kimberlites including 140, 141 and 150.
The three completed large diameter drillholes produced 159.4 tonnes of wet chips greater than 1.5 mm in size from a calculated theoretical mass of approximately 300 tonnes of excavated kimberlite. The actual mass of kimberlite excavated for the minibulk sample will vary from the theoretical mass due to irregularities in the borehole diameter and density variations in the kimberlite. Shipping of kimberlite to the De Beers preparation facility in Grand Prairie has been initiated and will continue through the duration of the program. Processing of kimberlite for diamond recovery is expected to start during the first half of September.
Table 1: Interim Summary of Minibulk Sampling
--------------------------------------------------------------
Drillhole Kimberlite Theoretical Total Depth
Number Intersection Mass Kimberlite of Hole
(metres) (tonnes) (metres)
--------------------------------------------------------------
141-20 145.7 106.4 255.2
--------------------------------------------------------------
141-21 142.2 103.9 245.0
--------------------------------------------------------------
141-22 121.5 88.8 231.0
--------------------------------------------------------------
Four drillholes were selected by the Joint Venture for multi-parameter downhole geophysical surveys including Natural Gamma-Ray Spectrometry, Magnetic Susceptibility, Density and Sonic. These continuous logs will be compared with petrographic descriptions to highlight different types of kimberlite and layering within the 141/140 body. The surveys were conducted by geophysics experts under a Targeted Geoscience Initiative that includes the Geological Survey of Canada, Saskatchewan Energy and Mines, and the Fort la Corne Joint Venture.
The Fort la Corne Diamond Project is a joint venture among De Beers Canada Exploration Inc., a wholly owned subsidiary of De Beers (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 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) "David H. Stone"
David H. Stone
President
TRADING SYMBOL: KRT-CDNX
For further information, please contact William Callahan, Manager of Investor Relations at (250) 361-1KRT or by e-mail at bill@kensington-resources.com
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