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Post by Franko10 ™ on Jan 31, 2005 13:28:51 GMT -5
Kensington Resources Ltd. - 2002 Fort a la Corne Joint Venture Meeting Set for July 19, 2002
Kensington Resources Ltd. (the "Company") (TSX Venture: KRT) is pleased to announce that the Fort a la Corne joint venture partners received a draft copy of a report entitled Updated Evaluation Report on Kimberlite #141 as at July 2002 (Incorporating Kimberlite #140) from De Beers Canada Exploration Inc. on Friday, July 12, 2002. This report is now under consideration by the Technical Committee and Board of Directors of the Company. Results and implications will be reported to the public after joint venture concerns are dealt with, and the final version is released.
The 2002 Fort a la Corne Joint Venture Management Meeting will be held on Friday July 19, 2002 in Saskatoon. The aforementioned report will be discussed fully with decisions made for a forward work program directed at further evaluation of prioritized kimberlites during 2002.
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.
ON BEHALF OF THE BOARD OF DIRECTORS OF KENSINGTON RESOURCES LTD.
(signed) "David H. Stone"
David H. Stone
President
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 TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
FORM 20-F FILE #0-24980
LISTED IN STANDARD & POOR'S
COPYRIGHT 2002 Business Wire
COPYRIGHT 2002 Gale Group
Kensington Resources Ltd. (the "Company") (TSX Venture: KRT) is pleased to announce that the Fort a la Corne joint venture partners received a draft copy of a report entitled Updated Evaluation Report on Kimberlite #141 as at July 2002 (Incorporating Kimberlite #140) from De Beers Canada Exploration Inc. on Friday, July 12, 2002. This report is now under consideration by the Technical Committee and Board of Directors of the Company. Results and implications will be reported to the public after joint venture concerns are dealt with, and the final version is released.
The 2002 Fort a la Corne Joint Venture Management Meeting will be held on Friday July 19, 2002 in Saskatoon. The aforementioned report will be discussed fully with decisions made for a forward work program directed at further evaluation of prioritized kimberlites during 2002.
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.
ON BEHALF OF THE BOARD OF DIRECTORS OF KENSINGTON RESOURCES LTD.
(signed) "David H. Stone"
David H. Stone
President
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 TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
FORM 20-F FILE #0-24980
LISTED IN STANDARD & POOR'S
COPYRIGHT 2002 Business Wire
COPYRIGHT 2002 Gale Group
