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Post by Franko10 ™ on Jan 31, 2005 14:08:59 GMT -5
Kensington Resources Ltd.: First Stage of Diamond Recovery Completed for 2002 Minibulk Samples from Kimberlite 140/141
VICTORIA, British Columbia--(BUSINESS WIRE)--Feb. 21, 2003
Kensington Resources Ltd. (the "Company") (TSX VENTURE:KRT) is pleased to announce completion of the heavy mineral separation phase of diamond recovery by De Beers Canada Exploration Inc. Minibulk samples were acquired from the drilling phase of the 2002 advanced exploration/evaluation program on Kimberlite 140/141, which is one of several high-priority bodies identified in the Fort a la Corne Kimberlite Field, located 65 kilometres east of Prince Albert, Saskatchewan. Samples were transported to a processing plant in Grande Prairie for concentration of heavy minerals (including diamonds) using dense media separation (DMS) techniques as they were acquired from drilling during the fourth quarter of 2002.
Evaluation of positive grade and value data from drilling and sampling programs in 2000 and 2001 gave impetus to mount a CAN$ 5.2 million dollar, two-stage drilling program (coring and minibulk sampling) in 2002. This program was focused on improving the understanding of geology, diamond distribution, and diamond values within the combined 140/141 body with a goal of ultimately proving up resource tonnage. Minibulk samples were acquired from three very large diameter, reverse-circulation drillholes (914.4 mm or 36 inch), which were targeted on the central part of the northwest eruptive centre. These drillholes will provide additional stones that will improve confidence levels in diamond valuations for this part of the body. In addition, five favourable locations were chosen from the sparsely-tested southeastern and central portions of the combined 140/141 body for minibulk sampling using large diameter (609 mm or 24 inch) reverse circulation drilling. A total of 1,271.9 tonnes of kimberlite was excavated from the boreholes and then screened onsite for disposal of fines less than 1.5 mm in size.
The Grande Prairie facility houses a DMS plant with 5 tonnes/hour capacity that treated material in the size range of 1.5 mm to 12.5 mm after preparations to remove clayey fines and crushing of greater than 12.5 mm oversize material. Preliminary data indicates separation procedures produced approximately 1.5 tonnes of diamond-bearing heavy mineral concentrate from the eight large diameter drillholes. Half of this material is already at the Group Exploration Macrodiamond Laboratory (GEMDL) located in Johannesburg, South Africa and the remainder will be shipped shortly. Final diamond recovery procedures are expected to start before the end of February at this newly-renovated De Beers facility. Initial diamond stone counts and sieve parcel weights are anticipated by mid-year of 2003.
Heavy mineral and diamond recovery data was received from De Beers Canada Exploration Inc and reviewed for this news release by Brent C. Jellicoe, P.Geo., who is the Qualified Person and Project Manager for the Company. As in previous years, Mr. Jellicoe monitored the DMS operation onsite for a short period of time and will be traveling to the GEMDL facility in Johannesburg to review final diamond recovery procedures.
The Fort a la Corne Diamond Project is a joint venture among Kensington Resources Ltd. (42.25%), De Beers Canada Exploration Inc., a wholly owned subsidiary of De Beers (42.25%), Cameco Corporation (5.5%) and UEM Inc. (carried 10%). 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.
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.
COPYRIGHT 2003 Business Wire
COPYRIGHT 2003 Gale Group
VICTORIA, British Columbia--(BUSINESS WIRE)--Feb. 21, 2003
Kensington Resources Ltd. (the "Company") (TSX VENTURE:KRT) is pleased to announce completion of the heavy mineral separation phase of diamond recovery by De Beers Canada Exploration Inc. Minibulk samples were acquired from the drilling phase of the 2002 advanced exploration/evaluation program on Kimberlite 140/141, which is one of several high-priority bodies identified in the Fort a la Corne Kimberlite Field, located 65 kilometres east of Prince Albert, Saskatchewan. Samples were transported to a processing plant in Grande Prairie for concentration of heavy minerals (including diamonds) using dense media separation (DMS) techniques as they were acquired from drilling during the fourth quarter of 2002.
Evaluation of positive grade and value data from drilling and sampling programs in 2000 and 2001 gave impetus to mount a CAN$ 5.2 million dollar, two-stage drilling program (coring and minibulk sampling) in 2002. This program was focused on improving the understanding of geology, diamond distribution, and diamond values within the combined 140/141 body with a goal of ultimately proving up resource tonnage. Minibulk samples were acquired from three very large diameter, reverse-circulation drillholes (914.4 mm or 36 inch), which were targeted on the central part of the northwest eruptive centre. These drillholes will provide additional stones that will improve confidence levels in diamond valuations for this part of the body. In addition, five favourable locations were chosen from the sparsely-tested southeastern and central portions of the combined 140/141 body for minibulk sampling using large diameter (609 mm or 24 inch) reverse circulation drilling. A total of 1,271.9 tonnes of kimberlite was excavated from the boreholes and then screened onsite for disposal of fines less than 1.5 mm in size.
The Grande Prairie facility houses a DMS plant with 5 tonnes/hour capacity that treated material in the size range of 1.5 mm to 12.5 mm after preparations to remove clayey fines and crushing of greater than 12.5 mm oversize material. Preliminary data indicates separation procedures produced approximately 1.5 tonnes of diamond-bearing heavy mineral concentrate from the eight large diameter drillholes. Half of this material is already at the Group Exploration Macrodiamond Laboratory (GEMDL) located in Johannesburg, South Africa and the remainder will be shipped shortly. Final diamond recovery procedures are expected to start before the end of February at this newly-renovated De Beers facility. Initial diamond stone counts and sieve parcel weights are anticipated by mid-year of 2003.
Heavy mineral and diamond recovery data was received from De Beers Canada Exploration Inc and reviewed for this news release by Brent C. Jellicoe, P.Geo., who is the Qualified Person and Project Manager for the Company. As in previous years, Mr. Jellicoe monitored the DMS operation onsite for a short period of time and will be traveling to the GEMDL facility in Johannesburg to review final diamond recovery procedures.
The Fort a la Corne Diamond Project is a joint venture among Kensington Resources Ltd. (42.25%), De Beers Canada Exploration Inc., a wholly owned subsidiary of De Beers (42.25%), Cameco Corporation (5.5%) and UEM Inc. (carried 10%). 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.
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.
COPYRIGHT 2003 Business Wire
COPYRIGHT 2003 Gale Group
