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Gold/Mining/Energy : Kensington Resources Ltd. (V.KRT) * Diamond in the rough!
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To: tom eland who wrote (4184)8/3/1999 3:27:00 AM
From: average joe  Read Replies (1) of 5206
 
Saskatchewan Diamond Time Line

1948 Johnny Johnson claims to have found diamond near
Cumberland House.

1956 Imperial Oil intersects ultra-mafic type rock in FALC
while drilling a magnetic low they believed was the magnetic
expression a salt dome would make between iron ore plutons.

1961 ex-inmate of the Prince Albert penitentiary starts
claims rush north of P.A.

June 19, 1987 Jacques Letendre records first claims for
kimberlite on map sheet 73G (West of Prince Albert).

August 11, 1988 Uranerz first field investigation of targets
on map sheet 73H (East of Prince Albert), prior to staking
claims they bump into suspicious SA crew doing the same thing.

January 8, 1991 the first published pictures of diamonds in the
Saskatoon Star Phoenix discovered in parntership with Cameco
on the Uranerz operated lands.

Uranerz/Cameco decide they don't have the expertise to continue
alone and enlist the assistance of Monopros a supposedly reluctant
partner who brings money and expertise to the JV.

Years of disappointing and embarrasing results and Uranerz and
Cameco do a further divestiture along with Monopros to Kensington.
A Yukon company that trades on the VSE. Uranerz and Cameco go
the next step and allow their interest to be diluted further prior
to Uranerz selling out their entire holdings to Cameco.

October 1991 Dr. Ralph Cheesman concludes to IPSCO that:
"In view of the regional potential,(kimberlite)it would be justified to maintain ML 5084, meanwhile negotiating or acquiring ownership or interest in a more extensive area to the west and southwest".

December 1, 1995 Saskatchewan River Valley cluster that adjoins
main FALC forest field on the south-east end staked out.

The power balance of FALC rests with KRT, ownership or control
of that pawn means control of site #220. A Yukon company with
a shareholders list that can never be seen or accessed is the
perfect vehicle. A 100 year supply of diamond ore rests at that
one site, don't expect to see news for at least half that many years.

average joe
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