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Post by Franko10 ™ on Jan 31, 2005 14:41:42 GMT -5
Kensington Resources Ltd.: Microdiamond Treatment Ongoing
VICTORIA, BRITISH COLUMBIA--(BUSINESS WIRE)--Feb. 6, 2004
Kensington Resources Ltd. (the "Company") (TSX VENTURE:KRT) announces that microdiamond treatment of core samples from the Fort a la Corne Diamond Project in Saskatchewan is ongoing.
As previously reported, samples from all four of the kimberlites drilled in 2003 were submitted to the Saskatchewan Research Council (SRC) for diamond recovery. 1,326 kilograms of sample from kimberlites 148 and 140/141 have been received by the SRC. In addition to this, 409 kg of kimberlite from body 122 and 421 kg from body 150 now give a total of 2156 kg of sample undergoing diamond recovery from the 2003 drillholes. The SRC continues to provide the Joint Venture with priority turnaround times for these very large caustic dissolution samples.
Diamond recoveries from the prospective kimberlite of body 148, dominated by medium to coarse-grained olivine and visible indicator minerals including red and purple garnets, are expected to be delivered to the Joint Venture by the SRC within the week.
Following standard De Beers practice, ten kimberlite samples collectively weighing 82.46 kg were collected from a 55 metre interval of hole 140-12 located on the southern part of Kimberlite 140/141 during the 4th Quarter of 2003 for a due diligence audit of the SRC diamond recovery process. A total of 127 diamonds were recovered, of which 6 stones were larger than a 0.212 square sieve. The larger stones ranged in size from 0.36 x 0.34 x 0.3 mm up to 2.14 x 1.78 x 1.7 mm. These diamond recoveries will be included in the 140/141 diamond dataset for grade forecasting.
Recovered diamonds and caustic residues were then sent to the De Beers' Kimberley Microdiamond Laboratory (KMDL) for audit purposes. Evaluation of the stone recovery efficiencies and comparative results has confirmed the Joint Venture's confidence in the diamond recoveries as reported by the SRC.
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"
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)--Feb. 6, 2004
Kensington Resources Ltd. (the "Company") (TSX VENTURE:KRT) announces that microdiamond treatment of core samples from the Fort a la Corne Diamond Project in Saskatchewan is ongoing.
As previously reported, samples from all four of the kimberlites drilled in 2003 were submitted to the Saskatchewan Research Council (SRC) for diamond recovery. 1,326 kilograms of sample from kimberlites 148 and 140/141 have been received by the SRC. In addition to this, 409 kg of kimberlite from body 122 and 421 kg from body 150 now give a total of 2156 kg of sample undergoing diamond recovery from the 2003 drillholes. The SRC continues to provide the Joint Venture with priority turnaround times for these very large caustic dissolution samples.
Diamond recoveries from the prospective kimberlite of body 148, dominated by medium to coarse-grained olivine and visible indicator minerals including red and purple garnets, are expected to be delivered to the Joint Venture by the SRC within the week.
Following standard De Beers practice, ten kimberlite samples collectively weighing 82.46 kg were collected from a 55 metre interval of hole 140-12 located on the southern part of Kimberlite 140/141 during the 4th Quarter of 2003 for a due diligence audit of the SRC diamond recovery process. A total of 127 diamonds were recovered, of which 6 stones were larger than a 0.212 square sieve. The larger stones ranged in size from 0.36 x 0.34 x 0.3 mm up to 2.14 x 1.78 x 1.7 mm. These diamond recoveries will be included in the 140/141 diamond dataset for grade forecasting.
Recovered diamonds and caustic residues were then sent to the De Beers' Kimberley Microdiamond Laboratory (KMDL) for audit purposes. Evaluation of the stone recovery efficiencies and comparative results has confirmed the Joint Venture's confidence in the diamond recoveries as reported by the SRC.
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"
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
