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Post by Franko10 ™ on Jan 31, 2005 14:36:13 GMT -5
Kensington Resources Ltd.: Several More Kimberlite Bodies Indicated at Fort a la Corne
VICTORIA, British Columbia--(BUSINESS WIRE)--Jan. 21, 2004
Kensington Resources Ltd. (the "Company") is pleased to announce strong indications of several new kimberlite bodies in the Fort a la Corne Kimberlite Field based on information from recent geophysical surveys.
Six new anomalies with magnetic character indicative of kimberlite bodies in the Fort a la Corne area were identified. Triaxial gradient data was obtained for all of the Joint Venture land area from the airborne Goldak Tri-Max System run on 150 metre lines and a 40 metre cell size. The anomalies are located across the length of the known kimberlite trend and in-house specialists at De Beers are modeling the size of these features. The high resolution of this survey will also permit re-definition of many of the historical kimberlite outlines.
Also, the 2003 exploration program included extensive ground gravity surveys over kimberlite 122, a large area embracing kimberlites 148, 150, and the area around kimberlite 140/141, which was partially surveyed in 2002. The 150 survey shows a large gravity anomaly encompassing, and extending east of kimberlite 150 and covering an area approximately twice the size of the known 150 kimberlite body, or about 200 hectares.
New anomalies highlighted by both gradiometer and gravity surveys will require core drilling to confirm the presence of substantial thicknesses of kimberlite worthy of further investigation.
Brent C. Jellicoe, P.Geo., is the Qualified Person for the Company and has reviewed the technical information herein.
Using the expertise of proven management and world-class, experienced technical advisors, Kensington Resources Ltd. is actively involved in confirming the economic potential of this deposit and moving the project forward to a development decision as rapidly as possible. 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.
FORM 20-F FILE #0-24980
LISTED IN STANDARD & POOR'S
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
COPYRIGHT 2004 Business Wire
COPYRIGHT 2004 Gale Group
VICTORIA, British Columbia--(BUSINESS WIRE)--Jan. 21, 2004
Kensington Resources Ltd. (the "Company") is pleased to announce strong indications of several new kimberlite bodies in the Fort a la Corne Kimberlite Field based on information from recent geophysical surveys.
Six new anomalies with magnetic character indicative of kimberlite bodies in the Fort a la Corne area were identified. Triaxial gradient data was obtained for all of the Joint Venture land area from the airborne Goldak Tri-Max System run on 150 metre lines and a 40 metre cell size. The anomalies are located across the length of the known kimberlite trend and in-house specialists at De Beers are modeling the size of these features. The high resolution of this survey will also permit re-definition of many of the historical kimberlite outlines.
Also, the 2003 exploration program included extensive ground gravity surveys over kimberlite 122, a large area embracing kimberlites 148, 150, and the area around kimberlite 140/141, which was partially surveyed in 2002. The 150 survey shows a large gravity anomaly encompassing, and extending east of kimberlite 150 and covering an area approximately twice the size of the known 150 kimberlite body, or about 200 hectares.
New anomalies highlighted by both gradiometer and gravity surveys will require core drilling to confirm the presence of substantial thicknesses of kimberlite worthy of further investigation.
Brent C. Jellicoe, P.Geo., is the Qualified Person for the Company and has reviewed the technical information herein.
Using the expertise of proven management and world-class, experienced technical advisors, Kensington Resources Ltd. is actively involved in confirming the economic potential of this deposit and moving the project forward to a development decision as rapidly as possible. 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.
FORM 20-F FILE #0-24980
LISTED IN STANDARD & POOR'S
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
COPYRIGHT 2004 Business Wire
COPYRIGHT 2004 Gale Group
