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Post by Franko10 ™ on Jan 31, 2005 14:40:37 GMT -5
Kensington Resources Ltd.: Colourless, Clear 0.77 Carat Diamond Found in Slabbed Core
VICTORIA, British Columbia--(BUSINESS WIRE)--Jan. 26, 2004
Kensington Resources Ltd. (TSX VENTURE:KRT) (the "Company") announces the recovery of a high quality diamond weighing 0.77 carats during sample preparation of kimberlite core in the Fort a la Corne Joint Venture warehouse.
The diamond was encountered while HQ core (diameter of 2.5 inches or 63.5 mm) from the upper part of kimberlite body 140/141 was being slabbed by a rock saw utilizing a non-diamond masonry blade. The diamond was not damaged by the blade although the stone halted the cutting process and scored the blade. Both halves of the slabbed core retained a clear impression of the stone.
"It is extremely rare to encounter such a large stone of such quality in drill core," said David H. Stone, President of Kensington. "We feel that this discovery is indicative of the tremendous diamond potential at Fort a la Corne and we look forward to receiving the initial diamond results from the 2003 drilling program by mid-February."
The diamond was weighed and measured by the Saskatchewan Research Council (SRC) in Saskatoon. According to the SRC, the stone measures 5.50 x 4.40 x 4.20 mm in three dimensions and was described as a colourless, clear octahedroid with etched trigons and hillocks.
Further evaluation of this diamond will be conducted by the operator, De Beers Canada Exploration Inc., particularly in assigning a value to the stone and including it in the appropriate size fraction with other stones from 140/141. Photographs of this diamond will be available for viewing on the Company's website at www.kensington-resources.com.
Brent C. Jellicoe, P.Geo., is the Qualified Person for the Company and has reviewed the technical information herein. Mr. Jellicoe closely examined the diamond and the associated core slabs at the warehouse during confirmation of the discovery.
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. 26, 2004
Kensington Resources Ltd. (TSX VENTURE:KRT) (the "Company") announces the recovery of a high quality diamond weighing 0.77 carats during sample preparation of kimberlite core in the Fort a la Corne Joint Venture warehouse.
The diamond was encountered while HQ core (diameter of 2.5 inches or 63.5 mm) from the upper part of kimberlite body 140/141 was being slabbed by a rock saw utilizing a non-diamond masonry blade. The diamond was not damaged by the blade although the stone halted the cutting process and scored the blade. Both halves of the slabbed core retained a clear impression of the stone.
"It is extremely rare to encounter such a large stone of such quality in drill core," said David H. Stone, President of Kensington. "We feel that this discovery is indicative of the tremendous diamond potential at Fort a la Corne and we look forward to receiving the initial diamond results from the 2003 drilling program by mid-February."
The diamond was weighed and measured by the Saskatchewan Research Council (SRC) in Saskatoon. According to the SRC, the stone measures 5.50 x 4.40 x 4.20 mm in three dimensions and was described as a colourless, clear octahedroid with etched trigons and hillocks.
Further evaluation of this diamond will be conducted by the operator, De Beers Canada Exploration Inc., particularly in assigning a value to the stone and including it in the appropriate size fraction with other stones from 140/141. Photographs of this diamond will be available for viewing on the Company's website at www.kensington-resources.com.
Brent C. Jellicoe, P.Geo., is the Qualified Person for the Company and has reviewed the technical information herein. Mr. Jellicoe closely examined the diamond and the associated core slabs at the warehouse during confirmation of the discovery.
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
