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Post by Franko10 ™ on Jan 31, 2005 14:51:16 GMT -5
Kensington Resources Ltd.: William E. Stanley Appointed to the Board of Directors
VICTORIA, British Columbia -- Kensington Resources Ltd. (the "Company") (TSX Venture:KRT) announces the appointment of William E. Stanley to the Board of Directors, effective immediately.
W. E. (Bill) Stanley is a retired partner with Coopers & Lybrand Consulting (PricewaterhouseCoopers) and a former Director of the firm's Canadian and International mining practices. Over the past 35 years, his consulting career has incorporated both international mining assignments and a variety of projects for most of the major mining companies in Canada. Currently, he is an Adjunct Professor at the University of British Columbia's Department of Mining and Mineral Process Engineering and he is on the Board of Directors of Miramar Mining Corporation. He is a former Director of Westmin Resources Limited, Gibraltar Mines Limited, Teck Corporation and Luscar Limited and a past President of the Canadian Institute of Mining, Metallurgy & Petroleum (CIM). Mr. Stanley is a graduate of the Provincial Institute of Mining, Haileybury, Northern Ontario and holds a B.Sc. in Mine Engineering from Michigan Technological University.
Robert A. McCallum, President of Kensington stated, "Part of the Company's current corporate mandate is to strengthen its board of directors. Mr. Stanley brings with him a wealth of technical knowledge and experience at a senior level and we are pleased to have someone of his caliber joining our board."
"I was attracted by the immense scale and potential of the Fort a la Corne Project," stated Mr. Stanley. "I look forward to working with the other directors of Kensington and its management in the interest of the Company's shareholders," said Mr. Stanley.
The Company also reports the granting of 150,000 stock options to Mr. Stanley, exercisable at a price of $0.77 per share for a five-year period pursuant to the Company's Stock Option Plan.
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.
Robert A. McCallum, President
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 -- Kensington Resources Ltd. (the "Company") (TSX Venture:KRT) announces the appointment of William E. Stanley to the Board of Directors, effective immediately.
W. E. (Bill) Stanley is a retired partner with Coopers & Lybrand Consulting (PricewaterhouseCoopers) and a former Director of the firm's Canadian and International mining practices. Over the past 35 years, his consulting career has incorporated both international mining assignments and a variety of projects for most of the major mining companies in Canada. Currently, he is an Adjunct Professor at the University of British Columbia's Department of Mining and Mineral Process Engineering and he is on the Board of Directors of Miramar Mining Corporation. He is a former Director of Westmin Resources Limited, Gibraltar Mines Limited, Teck Corporation and Luscar Limited and a past President of the Canadian Institute of Mining, Metallurgy & Petroleum (CIM). Mr. Stanley is a graduate of the Provincial Institute of Mining, Haileybury, Northern Ontario and holds a B.Sc. in Mine Engineering from Michigan Technological University.
Robert A. McCallum, President of Kensington stated, "Part of the Company's current corporate mandate is to strengthen its board of directors. Mr. Stanley brings with him a wealth of technical knowledge and experience at a senior level and we are pleased to have someone of his caliber joining our board."
"I was attracted by the immense scale and potential of the Fort a la Corne Project," stated Mr. Stanley. "I look forward to working with the other directors of Kensington and its management in the interest of the Company's shareholders," said Mr. Stanley.
The Company also reports the granting of 150,000 stock options to Mr. Stanley, exercisable at a price of $0.77 per share for a five-year period pursuant to the Company's Stock Option Plan.
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.
Robert A. McCallum, President
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
