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Post by Franko10 ™ on Jan 31, 2005 14:38:03 GMT -5
Kensington Resources Ltd.: Diamond Recovery Underway at Saskatchewan Research Council
VICTORIA, British Colombia--(BUSINESS WIRE)--Jan. 23, 2004
Kensington Resources Ltd. (TSX VENTURE:KRT) (the "Company") announces that the Saskatchewan Research Council (SRC) of Saskatoon, Saskatchewan was selected by the Fort a la Corne Joint Venture for diamond recovery from the Fall 2003 core drilling samples as they could guarantee a short a turnaround time given the aggressive project timetable. Diamond recovery utilizing caustic dissolution methods is currently underway.
"The SRC provides timely, cost-effective and professional diamond recovery services," said David H. Stone, President of Kensington. "The close proximity of the lab to the Joint Venture core storage facility ensures that diamond recovery will proceed quickly." The SRC has a long history of involvement with the Fort a la Corne Diamond Project including microdiamond recoveries during the mid 1990's and full macrodiamond recovery from minibulk samples as early as 1990 and 1991.
Two of the four kimberlites drilled in 2003 have been submitted to the SRC for diamond recovery. To date, a total of 1,326 kilograms of kimberlite have been sampled from kimberlites 148 and 140/141. Petrographic logging and sampling of approximately 700 more kilograms of core from kimberlites 122 and 150 will continue through the next month followed by diamond recovery at the SRC.
All diamonds recovered will be sent to the De Beers microdiamond facility in South Africa for weighing and shape classification. This allows for consistency in reporting diamond results regardless of the laboratory utilized. Following normal practices, some samples will also be audited. Initial diamond recovery results for the first kimberlite body are anticipated by mid-February.
Brent C. Jellicoe, P.Geo., is the Qualified Person for the Company and will make several visits to the SRC to monitor diamond recovery procedures over the coming months.
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 Colombia--(BUSINESS WIRE)--Jan. 23, 2004
Kensington Resources Ltd. (TSX VENTURE:KRT) (the "Company") announces that the Saskatchewan Research Council (SRC) of Saskatoon, Saskatchewan was selected by the Fort a la Corne Joint Venture for diamond recovery from the Fall 2003 core drilling samples as they could guarantee a short a turnaround time given the aggressive project timetable. Diamond recovery utilizing caustic dissolution methods is currently underway.
"The SRC provides timely, cost-effective and professional diamond recovery services," said David H. Stone, President of Kensington. "The close proximity of the lab to the Joint Venture core storage facility ensures that diamond recovery will proceed quickly." The SRC has a long history of involvement with the Fort a la Corne Diamond Project including microdiamond recoveries during the mid 1990's and full macrodiamond recovery from minibulk samples as early as 1990 and 1991.
Two of the four kimberlites drilled in 2003 have been submitted to the SRC for diamond recovery. To date, a total of 1,326 kilograms of kimberlite have been sampled from kimberlites 148 and 140/141. Petrographic logging and sampling of approximately 700 more kilograms of core from kimberlites 122 and 150 will continue through the next month followed by diamond recovery at the SRC.
All diamonds recovered will be sent to the De Beers microdiamond facility in South Africa for weighing and shape classification. This allows for consistency in reporting diamond results regardless of the laboratory utilized. Following normal practices, some samples will also be audited. Initial diamond recovery results for the first kimberlite body are anticipated by mid-February.
Brent C. Jellicoe, P.Geo., is the Qualified Person for the Company and will make several visits to the SRC to monitor diamond recovery procedures over the coming months.
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
