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Post by Franko10 ™ on Jan 31, 2005 15:12:43 GMT -5
Kensington Resources Ltd.: Joint Venture Management Team Restructured to Facilitate Advancing the Fort a La Corne Project
VICTORIA, British Columbia -- Kensington Resources Ltd. (the "Company") (TSX VENTURE:KRT) announces that the Joint Venture management team has been restructured and will focus on identifying new goals and reviewing the strategy for advancing the Fort a la Corne Diamond Project in Saskatchewan. De Beers, as the operator, has welcomed the request from Kensington to become more involved in the planning process. The first meeting of the restructured team is scheduled for October 2004 and Kensington will be sending three representatives to contribute to a proposal which will be presented to the De Beers board in early 2005.
Richard Molyneux, the President and CEO of De Beers Canada Corporation, stated, "This restructuring is indicative of the co-operative relationship between the partners and demonstrates our joint commitment to progressing the Fort a la Corne Project as efficiently as possible."
Robert A. McCallum, President of Kensington, stated, "The team will be examining ways to accelerate a development decision on the Fort a la Corne Project and we are pleased to be able to contribute our experience and knowledge to the project to reach this goal."
The Company's representatives on this team will be Robert McCallum, P.Eng., Brent C. Jellicoe, P.Geo., and Raj Anand, P.Eng. Mr. Anand, the principal of RKA Engineering Consultants Inc., has a Master's degree in Civil Engineering from the University of Alberta and over 25 years' experience in mine permitting, design planning and construction.
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
TRADING SYMBOL: KRT-TSX.V
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 that the Joint Venture management team has been restructured and will focus on identifying new goals and reviewing the strategy for advancing the Fort a la Corne Diamond Project in Saskatchewan. De Beers, as the operator, has welcomed the request from Kensington to become more involved in the planning process. The first meeting of the restructured team is scheduled for October 2004 and Kensington will be sending three representatives to contribute to a proposal which will be presented to the De Beers board in early 2005.
Richard Molyneux, the President and CEO of De Beers Canada Corporation, stated, "This restructuring is indicative of the co-operative relationship between the partners and demonstrates our joint commitment to progressing the Fort a la Corne Project as efficiently as possible."
Robert A. McCallum, President of Kensington, stated, "The team will be examining ways to accelerate a development decision on the Fort a la Corne Project and we are pleased to be able to contribute our experience and knowledge to the project to reach this goal."
The Company's representatives on this team will be Robert McCallum, P.Eng., Brent C. Jellicoe, P.Geo., and Raj Anand, P.Eng. Mr. Anand, the principal of RKA Engineering Consultants Inc., has a Master's degree in Civil Engineering from the University of Alberta and over 25 years' experience in mine permitting, design planning and construction.
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
TRADING SYMBOL: KRT-TSX.V
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
