Kensington Resources Ltd. (V.KRT) * Diamond in the rough! Message Board

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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 (4780)	5/31/2000 11:29:00 AM
From: Jay	Read Replies (1) of 5206

This was posted on www.stockhouse.com's forum for KRT. I do not take credit for this. Posted By Subject Post Time (EST) Post ID halcro (ID#: 41654) update on re-sorting 5/31/00 10:02 1566461 ® Previous Message Next Message ¯ from minesite.com STARTLING DISCLOSURES ON MACRODIAMOND TAILINGS CONTENT EXPECTED FROM KENSINGTON RESOURCES. New life has opened up for Kensington Resources, a Canadian listed company involved in a joint venture with Monopros, the De Beers subsidiary, on the Fort a la Corne diamond project in Saskatchewan. This project involves one of the largest clusters in the world as it consists of no less than 71 kimberlite bodies. Last year Kensington was fighting a losing battle to maintain its interest in the venture as the drilling programme continued , but little of note was found. Then last September came the extraordinary announcement that the diamond recoveries from bulk samples from the Fort a la Corne project had been understated. The actual announcement by Monopros read follows: +The most significant factor arising from the 1999 work was the unusually large number of diamonds recovered from the x-ray tailing material from the Sortex recovery plant. Monopros is taking steps to re-examine the entire 1997 tailings collection in view of these results. In addition investigations are underway to fully assess the treatment history of all pre-1999 macrodiamond recovery samples.+ In fact the joint venture partners agreed to re-sort all the Sortex tailings back to 1990 when Cameco Corporation (now left with a 14 per cent interest) and Uranus owned the project. The initial results of this work are due to be announced at any moment and they look like being very exciting. How Monopros will excuse its lax analysis will be a side issue, but fascinating for all that. Apparently the stones are lacking in luminescence so do not show up well under x-ray ? that is one excuse ? but a basic operation using grease tables and hand sorting would have solved the problem. It seems certain that the re-sort programme will provide an improved database as well as enhancing the macrodiamond grades on all relevant kimberlite pipes with some of those sampled at the beginning of the decade expected to come out tops. As a result a choice can be made of the kimberlite pipes with the best economic potential as drilling targets later this year. Kensington will be able to maintain its position in the project as it has just raised C$553,079. When this was announced it started to dawn on investors that there was still life in the old dog and even a couple of teeth and the share price has risen from 23 cents to 44 cents in the last week. The fact that Brent Jellicoe has jumped ship from Monopros to join Kensington is another strong clue that things are swinging Kensington?s way and there is still time to get aboard. Nor should Shore Gold be overlooked. Minews has commented on this company a few times and it is bang next door to the Kensington/ Monopros project and is being courted by Kennecott. 31 May 2000

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