Kensington is expected to release their diamond drilling results next week. Rumours abound that they are better than first thought. The following updates on KRT are from Investors Guru, in case anyone isn't aware of this great source of information.
KENSINGTON RESOURCES LTD (V KRT) May 4, 1996
KRT touched its 1996 highs at $3.10 Friday and closed at $3.03. We expect a gap on Monday as rumours are
being
mentioned about their diamond results on 8 holes drilled recently. We prefer not to make investment decisions
on rumours,
no matter how enticing, and continue to hold the stock for the long term.
April 27, 1996
Stock made new year highs this week at $2.95 as the word is getting out about their potential diamond
discovery. Also, KRT
released news regarding a potential Voisey Bay type base metal property in Northern sask. where additional
claims have been
staked. We expect news on their recent drilling of 8 holes with diamond results. Read our comments at
Previous
Newsletters.
April 20, 1996
SPECIAL REPORT
Kensington Resources Ltd. V.KRT Friday close $1.67 +.09 on 159,050
We have been reading KRT's press releases and tracking its trading for 6 months with great interest. We knew
that diamond
stocks would run again this spring and feel KRT is next. We have seen V.MPV Mountain Province and
V.WEM War Eagle
double in the past few months. M.DIR Diadem Res. traded from under $2 to over $7 on their recently
announced diamond
find in California. If you compare the number of kimberlite pipes KRT has already identified with its joint
venture partners to
these other companies you will understand our great excitement for the stock short, near and long term.
We noticed 2 weeks ago a cross of over 4 million shares. This was a key technical signal for us that the stock
is about to
move. KRT usually trades about 50,000 shares per day. Friday's trading was a second signal that the stock
was under
accumulation. The third signal will be when the stock breaks its year high of $2. KRT's all time high is $4
which occurred
two years ago. We don't like to set targets but feel that KRT will easily break that price over the next few
months as they
continue to earn their interest in the Sask. Fort a la Corne project as the drilling project has stepped into high
gear. As a
bonus KRT has a 50% interest in potential Voisey Bay type nickel-copper-cobalt properties in Northern Sask.
NEWS RELEASES - IN SUMMARY
March 21, 1996
Lorne B. Anderson, CFO & Treasurer of Glamis Gold, is appointed to the Board of Directors. Drilling
program on Fort a la
Corne diamond project is proceeding on schedule, the first 4 holes have all intersected kimberlite and will be
followed up.
March 8, 1996
KRT has been upgraded to the VSE Senior Board and reclassified as a Resource Company.
February 20, 1996
KRT announces commencement of its comprehensive 1996 exploration program on the Fort a la Corne
diamond project in
Sask. KRT is earning a 25% interest in a joint venture with Uranerz Expl., Cameco Corp. and Monopros
Ltd., a wholly
owned subsidiary of De Beers Holdings.
Exploration findings to date.... i.e. number of macrodiamond bearing kimberlites found, highest grade holes
from various
sample processing and analyses, largest stone recovered and highest average diamond value recovered.
January 15, 1996
Fort a la Corne project diamond results from the 1995 large diameter drilling program. Summary of diamond
grades, scoping
study, exploration program.
December 21, 1995
C.M. Oliver & Company Ltd. is retained for a private placement to be used for further exploration on the Fort
a la Corne
diamond property and the Clearwater Nickel property in Saskatchewan.
Kensington Resources - Investment Package Preview
Diamond Recoveries Described as "WORLD CLASS"
Diamond counts from the 1995 drilling program confirm that the Fort a la Corne kimberlite cluster could be the
next great
diamond province in Canada.
Fort a la Corne - "The Sleeping Giant"
Cluster of 71 kimberlites is one of the largest ever found in the world. Kimberlite is the host material for
diamonds. The
province of Sask. has a unique geological environment for the occurrence of diamondiferous kimberlites.
Protected by thick
sedimentary layers left by an inland sea, Sask. kimberlite bodies have escaped erosion. Unlike most
kimberlites in Southern
Africa and the Northwest Territories, Fort a la Corne kimberlite bodies are almost intact with the full kimberlite
volcano still
remaining.
Fort a la Corne joint venture properties cover an area of 280 square kilometers. Among the 71 kimberlites in
this project,
bodies up to 1.6 kilometers in diameter have been identified.
Approx. 130 of the 2000 kimberlite pipes known worldwide are macrodiamond bearing. 23 of these are
within the Fort a la
Corne joint venture properties. 34 of the 45 pipes drill tested to date are diamondiferous.
The largest diamondiferous kimberlite contains an estimated ONE BILLION tonnes. Several contain at least
500 MILLION
tonnes. One of the Fort a la Corne kimberlites drilled is more than 20 times the size of any known Northwest
Territories
kimberlite.
CLEARWATER PROJECT
50 - 50 joint venture with Uranerz Expl. & Mining encompassing a 520 square kilometer area in northern
Sask. Geological
characteristics indicate that a Voisey Bay model of nickel-copper-cobalt mineralization is likely to be found in
the area.
The winter exploration program consists of a 2900 line-kilometer airborne electromagnetic survey followed by
ground
geophysics and drilling, if merited. |
