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Post by Franko10 ™ on Jan 31, 2005 14:48:36 GMT -5
Kensington Resources Ltd.: New Airborne Survey Completed over the Fort a la Corne Project
VICTORIA, British Columbia--(BUSINESS WIRE)--May 25, 2004
Kensington Resources Ltd. (the "Company") (TSX VENTURE:KRT) announces that the work program for 2003/2004 has been expanded to include a new airborne survey over the Fort a la Corne Joint Venture claims. The objective of this survey was to provide sophisticated resistivity coverage over the Fort a la Corne property in order to better understand the shape and size of known kimberlite bodies and to search for new, non-magnetic kimberlites.
"The discovery of several new anomalies earlier this year suggests to us that there are additional non-magnetic kimberlite bodies on the Fort a la Corne property," stated David H. Stone, Director of the Company. "We are pleased to see that the ongoing exploration for new kimberlites is also a priority for the operator."
An extensive GEOTEM airborne survey was completed on May 19, 2004 by Fugro Airborne Surveys over the main trend of the Fort a la Corne field. The survey covered approximately 840 line kilometres oriented in a north-south direction at 300-metre spacing. The results from this survey are expected to be received in June 2004 and the Joint Venture will utilize this information to identify drilling targets for an upcoming 2004 field program.
Technological improvements in geophysical techniques have made new discoveries possible. As announced in the Company's news release of January 21, 2004, six new anomalies with magnetic character indicative of kimberlite bodies were identified from an airborne magnetic survey run over the entire Joint Venture land holdings in Fall 2003. In addition, a very large anomaly was discovered from extensive ground gravity surveys conducted on the 148, 150 and 122 kimberlites. This large anomaly is attached to the east side of Body 150 and if proven to be kimberlite of weak magnetic character, this would make Kimberlite 150 the largest body on the joint venture property.
Results yet to be released from the 2003/2004 work program include diamond results from Kimberlite 150 as well as diamond grade modelling for Kimberlites 148, 140/141, 122 and 150. These results will determine the direction and scope of delineation drilling and minibulk sampling in 2004 and 2005.
Brent C. Jellicoe, P.Geo. is the Qualified Person for the Company and has reviewed the technical information herein. All aspects of quality assurance, quality control and program co-ordination for the Fort a la Corne Joint Venture are managed by De Beers Canada Exploration Inc., the project operator.
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.
(signed)�"David�H.�Stone"
David H. Stone
Director
TRADING SYMBOL: KRT-TSX.V
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)--May 25, 2004
Kensington Resources Ltd. (the "Company") (TSX VENTURE:KRT) announces that the work program for 2003/2004 has been expanded to include a new airborne survey over the Fort a la Corne Joint Venture claims. The objective of this survey was to provide sophisticated resistivity coverage over the Fort a la Corne property in order to better understand the shape and size of known kimberlite bodies and to search for new, non-magnetic kimberlites.
"The discovery of several new anomalies earlier this year suggests to us that there are additional non-magnetic kimberlite bodies on the Fort a la Corne property," stated David H. Stone, Director of the Company. "We are pleased to see that the ongoing exploration for new kimberlites is also a priority for the operator."
An extensive GEOTEM airborne survey was completed on May 19, 2004 by Fugro Airborne Surveys over the main trend of the Fort a la Corne field. The survey covered approximately 840 line kilometres oriented in a north-south direction at 300-metre spacing. The results from this survey are expected to be received in June 2004 and the Joint Venture will utilize this information to identify drilling targets for an upcoming 2004 field program.
Technological improvements in geophysical techniques have made new discoveries possible. As announced in the Company's news release of January 21, 2004, six new anomalies with magnetic character indicative of kimberlite bodies were identified from an airborne magnetic survey run over the entire Joint Venture land holdings in Fall 2003. In addition, a very large anomaly was discovered from extensive ground gravity surveys conducted on the 148, 150 and 122 kimberlites. This large anomaly is attached to the east side of Body 150 and if proven to be kimberlite of weak magnetic character, this would make Kimberlite 150 the largest body on the joint venture property.
Results yet to be released from the 2003/2004 work program include diamond results from Kimberlite 150 as well as diamond grade modelling for Kimberlites 148, 140/141, 122 and 150. These results will determine the direction and scope of delineation drilling and minibulk sampling in 2004 and 2005.
Brent C. Jellicoe, P.Geo. is the Qualified Person for the Company and has reviewed the technical information herein. All aspects of quality assurance, quality control and program co-ordination for the Fort a la Corne Joint Venture are managed by De Beers Canada Exploration Inc., the project operator.
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.
(signed)�"David�H.�Stone"
David H. Stone
Director
TRADING SYMBOL: KRT-TSX.V
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
