Owner
Post by Franko10 ™ on Jan 31, 2005 15:39:38 GMT -5
Fort à la Corne Diamond Project
2004 Project Summary
Kensington Resources Ltd. is one of the leading companies in Saskatchewan diamond exploration. Since 1995, we have been focused on the Fort à la Corne Project, a joint venture among Kensington Resources Ltd. (42.25%), De Beers Canada Exploration Inc. (42.25%), Cameco Corporation (5.5%) and UEM Inc. (10% carried). Land holdings currently held under the Fort à la Corne joint venture agreement comprise 121 claims covering 22,544 hectares or approximately 57,000 acres. Over $30 million has been spent to date by project partners.
The 63 known kimberlite bodies within the Fort à la Corne Project total some 9 billion tonnes, making it the largest diamond-bearing kimberlite field in the world. While the Fort à la Corne kimberlites do not contain the same spectacular grades as the projects in Northern Canada, it has the advantage of a very favourable location in close proximity to cities, services and existing infrastructure. The climate is reasonable all year round and there is a high level of government and public support for Saskatchewan's well established mining industry.
2004/2005 Program
During the second quarter of Fiscal 2004, the Company announced details of the forward work program for 2004/2005 presented at the Joint Venture meeting. Subsequent to the period end, the forward work program budget was substantially increased, from $6.0 million to $7.6 million, to cover the scope of the aggressive exploration and evaluation activities that were agreed upon at the Joint Venture meeting. Drilling is scheduled to commence in August and a second phase of drilling may be implemented as early as the second quarter of 2005.
The operator recommended a major shift in strategy for this year's program. Instead of assessing the average grades of individual bodies, the new approach is focused on defining the higher grade units within proximally-located priority kimberlite bodies. Considering these higher grade units in combination as a single resource will permit significant economy of scale to be achieved for a large scale mining operation.
A total of eight large diameter (36-inch or 914 mm) minibulk sampling holes will be distributed over bodies 140/141 and 122 designed to increase confidence levels in grade and revenue estimates. Additional HQ coreholes may be required as pilot holes for these large diameter drillholes. An HQ core (63.5 mm diameter) drilling program will be targeted on three of the next most prospective kimberlite bodies in the southern portion of the claims and designed specifically to test for higher-grade zones. Initial planning has resulted in placement of eight coreholes on each of the bodies. In addition, the JV will conduct an NQ (47 mm diameter) core drilling program to test newly-defined kimberlite targets in the southern claim area that were defined by airborne magnetic and electromagnetic surveys. This part of the program includes testing the large gravity anomaly located adjacent to the east side of Kimberlite 150.
Core drilled from Kimberlite 148 was dominated by medium and coarse-grained olivine and visible indicator minerals including red and purple garnets. (2003)
Cross-sectional View of Kimberlite 140/141
This figure illustrates the complexity in arrangement of different kimberlite nits present in the 140/141 body. The cross-section is oriented northwest o southeast and bisects the central part of the body where major kimberlite phases from the east, south and northeast meet and overlap. This model as constructed by workers from the Geological Survey of Canada and the Saskatchewan Geological Survey and their interpretation in this area includes five individual eruptive vents roughly aligned along a line that parallels the trend of the main kimberlite field. Both the breccias and coarse olivine kimberlites remain prospective targets for evaluation of diamond content. (2004)
2004 Project Summary
Kensington Resources Ltd. is one of the leading companies in Saskatchewan diamond exploration. Since 1995, we have been focused on the Fort à la Corne Project, a joint venture among Kensington Resources Ltd. (42.25%), De Beers Canada Exploration Inc. (42.25%), Cameco Corporation (5.5%) and UEM Inc. (10% carried). Land holdings currently held under the Fort à la Corne joint venture agreement comprise 121 claims covering 22,544 hectares or approximately 57,000 acres. Over $30 million has been spent to date by project partners.
The 63 known kimberlite bodies within the Fort à la Corne Project total some 9 billion tonnes, making it the largest diamond-bearing kimberlite field in the world. While the Fort à la Corne kimberlites do not contain the same spectacular grades as the projects in Northern Canada, it has the advantage of a very favourable location in close proximity to cities, services and existing infrastructure. The climate is reasonable all year round and there is a high level of government and public support for Saskatchewan's well established mining industry.
2004/2005 Program
During the second quarter of Fiscal 2004, the Company announced details of the forward work program for 2004/2005 presented at the Joint Venture meeting. Subsequent to the period end, the forward work program budget was substantially increased, from $6.0 million to $7.6 million, to cover the scope of the aggressive exploration and evaluation activities that were agreed upon at the Joint Venture meeting. Drilling is scheduled to commence in August and a second phase of drilling may be implemented as early as the second quarter of 2005.
The operator recommended a major shift in strategy for this year's program. Instead of assessing the average grades of individual bodies, the new approach is focused on defining the higher grade units within proximally-located priority kimberlite bodies. Considering these higher grade units in combination as a single resource will permit significant economy of scale to be achieved for a large scale mining operation.
A total of eight large diameter (36-inch or 914 mm) minibulk sampling holes will be distributed over bodies 140/141 and 122 designed to increase confidence levels in grade and revenue estimates. Additional HQ coreholes may be required as pilot holes for these large diameter drillholes. An HQ core (63.5 mm diameter) drilling program will be targeted on three of the next most prospective kimberlite bodies in the southern portion of the claims and designed specifically to test for higher-grade zones. Initial planning has resulted in placement of eight coreholes on each of the bodies. In addition, the JV will conduct an NQ (47 mm diameter) core drilling program to test newly-defined kimberlite targets in the southern claim area that were defined by airborne magnetic and electromagnetic surveys. This part of the program includes testing the large gravity anomaly located adjacent to the east side of Kimberlite 150.
Core drilled from Kimberlite 148 was dominated by medium and coarse-grained olivine and visible indicator minerals including red and purple garnets. (2003)
Cross-sectional View of Kimberlite 140/141
This figure illustrates the complexity in arrangement of different kimberlite nits present in the 140/141 body. The cross-section is oriented northwest o southeast and bisects the central part of the body where major kimberlite phases from the east, south and northeast meet and overlap. This model as constructed by workers from the Geological Survey of Canada and the Saskatchewan Geological Survey and their interpretation in this area includes five individual eruptive vents roughly aligned along a line that parallels the trend of the main kimberlite field. Both the breccias and coarse olivine kimberlites remain prospective targets for evaluation of diamond content. (2004)
