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Post by Franko10 ™ on Jan 31, 2005 12:34:00 GMT -5
Kensington Resources Ltd. - Diamond Recovery Underway for Bulk Samples from the Fort a la Corne Diamond Project, Saskatchewan
VICTORIA, British Columbia--(BUSINESS WIRE)--Oct. 24, 2001
Kensington Resources Ltd. (the "Company")(KRT-CDNX; FORM 20-F FILE No. 0-24980) is pleased to announce the completion of ten large diameter (24-inch) drillholes that will contribute significantly to the evaluation of high priority kimberlites at the Fort a la Corne Diamond Project. Nine of ten drillholes provided bulk sample kimberlite from the central part of the 141 kimberlite and one large drillhole minibulk sample was acquired from kimberlite 150. The borehole on body 150 was completed on October 1, 2001 and this signaled the close of a successful 3 month long field program. Concentration of heavy minerals including diamonds from the kimberlite samples was recently completed in the De Beers dense media plant located in Grande Prairie, Alberta.
A combined kimberlite intersection of 1,327.2 metres facilitated excavation of a total of 889.8 tonnes of kimberlite of which 494 tonnes of wet chips greater than 1.5 mm in size were retained for diamond recovery. Of these totals, 120.96 tonnes were excavated from the kimberlite 150 body with 60.37 tonnes of coarser chips saved for processing. Theoretical (excavated) kimberlite masses shown in Table 1 were calculated using continual borehole diameter information from downhole caliper surveys. Some sample information listed was revised from previous news releases.
Table 1: Summary of Minibulk Sampling
---------------------------------------------------------------
Drillhole Kimberlite Theoretical Total Depth
Number Intersection Mass Kimberlite of Hole
(metres) (tonnes) (metres)
---------------------------------------------------------------
141-20 145.5 95.586 255.2
141-21 142.2 93.399 245.0
141-22 119.0 84.129 231.0
141-23 160.8 104.589 267.0
141-24 115.7 76.940 231.0
141-25 101.3 66.681 206.6
141-26 126.1 82.472 236.2
141-27 115.6 76,463 219.5
141-28 135.2 88,589 244.7
150-08 165.9 120,958 262.0
Total: 1,327.2 889.8 2,398.2
---------------------------------------------------------------
Initial processing of 117 samples (each representing approximately 12 metres of kimberlite intersection) was conducted at the De Beers dense media separation facility at Grande Prairie between September 19, 2001 and October 20, 2001. The total headfeed weight of drained kimberlite was 413.134 tonnes for the bulk sample from kimberlite 141 and 57.988 tonnes for the kimberlite 150 minibulk sample. Reduction of material for diamond recovery by concentration of heavy minerals (and diamonds) resulted in a 99.2% decrease in mass. Consequently, only 3,773 kilograms of +1.5mm material shall be shipped to De Beers facilities in South Africa for final diamond recovery and sorting. Ten audit samples and 5 repeat samples were run during processing. Release of initial diamond counts and weights are expected during the latter part of January 2002.
Table 2: Summary of 2001 Program Initial Processing by Dense
Media Separation
---------------------------------------------------------------
Drillholes Number Dense Media Concentrate Concentrate
of Headfeed Weight % of
Samples Mass Headfeed
(tonnes) (kilograms) Mass
---------------------------------------------------------------
141-20 to 28 103 413.134 2,852.08 0.7
150-08 14 57.988 920.90 1.6
Program Total: 117 471.122 3,772.98 0.8
---------------------------------------------------------------
Kensington recognizes the success of this project is due to a concentrated team effort highlighted by exceptional project management and technical expertise by De Beers, geological and technical consultation by Kensington personnel, professional operations by Layne-Christensen Drilling, and first-rate field operations by T&P Enterprises of Choiceland, Saskatchewan. It is the opinion of Kensington management that the Joint Venture partners are well on the way to successfully attaining the program objectives of refining the grade forecasts and valuation of the diamond resource at Fort a la Corne.
The Fort a 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 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) "David H. Stone"
David H. Stone
President
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)--Oct. 24, 2001
Kensington Resources Ltd. (the "Company")(KRT-CDNX; FORM 20-F FILE No. 0-24980) is pleased to announce the completion of ten large diameter (24-inch) drillholes that will contribute significantly to the evaluation of high priority kimberlites at the Fort a la Corne Diamond Project. Nine of ten drillholes provided bulk sample kimberlite from the central part of the 141 kimberlite and one large drillhole minibulk sample was acquired from kimberlite 150. The borehole on body 150 was completed on October 1, 2001 and this signaled the close of a successful 3 month long field program. Concentration of heavy minerals including diamonds from the kimberlite samples was recently completed in the De Beers dense media plant located in Grande Prairie, Alberta.
A combined kimberlite intersection of 1,327.2 metres facilitated excavation of a total of 889.8 tonnes of kimberlite of which 494 tonnes of wet chips greater than 1.5 mm in size were retained for diamond recovery. Of these totals, 120.96 tonnes were excavated from the kimberlite 150 body with 60.37 tonnes of coarser chips saved for processing. Theoretical (excavated) kimberlite masses shown in Table 1 were calculated using continual borehole diameter information from downhole caliper surveys. Some sample information listed was revised from previous news releases.
Table 1: Summary of Minibulk Sampling
---------------------------------------------------------------
Drillhole Kimberlite Theoretical Total Depth
Number Intersection Mass Kimberlite of Hole
(metres) (tonnes) (metres)
---------------------------------------------------------------
141-20 145.5 95.586 255.2
141-21 142.2 93.399 245.0
141-22 119.0 84.129 231.0
141-23 160.8 104.589 267.0
141-24 115.7 76.940 231.0
141-25 101.3 66.681 206.6
141-26 126.1 82.472 236.2
141-27 115.6 76,463 219.5
141-28 135.2 88,589 244.7
150-08 165.9 120,958 262.0
Total: 1,327.2 889.8 2,398.2
---------------------------------------------------------------
Initial processing of 117 samples (each representing approximately 12 metres of kimberlite intersection) was conducted at the De Beers dense media separation facility at Grande Prairie between September 19, 2001 and October 20, 2001. The total headfeed weight of drained kimberlite was 413.134 tonnes for the bulk sample from kimberlite 141 and 57.988 tonnes for the kimberlite 150 minibulk sample. Reduction of material for diamond recovery by concentration of heavy minerals (and diamonds) resulted in a 99.2% decrease in mass. Consequently, only 3,773 kilograms of +1.5mm material shall be shipped to De Beers facilities in South Africa for final diamond recovery and sorting. Ten audit samples and 5 repeat samples were run during processing. Release of initial diamond counts and weights are expected during the latter part of January 2002.
Table 2: Summary of 2001 Program Initial Processing by Dense
Media Separation
---------------------------------------------------------------
Drillholes Number Dense Media Concentrate Concentrate
of Headfeed Weight % of
Samples Mass Headfeed
(tonnes) (kilograms) Mass
---------------------------------------------------------------
141-20 to 28 103 413.134 2,852.08 0.7
150-08 14 57.988 920.90 1.6
Program Total: 117 471.122 3,772.98 0.8
---------------------------------------------------------------
Kensington recognizes the success of this project is due to a concentrated team effort highlighted by exceptional project management and technical expertise by De Beers, geological and technical consultation by Kensington personnel, professional operations by Layne-Christensen Drilling, and first-rate field operations by T&P Enterprises of Choiceland, Saskatchewan. It is the opinion of Kensington management that the Joint Venture partners are well on the way to successfully attaining the program objectives of refining the grade forecasts and valuation of the diamond resource at Fort a la Corne.
The Fort a 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 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) "David H. Stone"
David H. Stone
President
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
