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Gold/Mining/Energy : Canadian Diamond Play Cafi
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To: Famularo who wrote (29)7/15/2002 7:34:49 PM
From: Famularo  Read Replies (1) of 16207
 
Kensington Resources Ltd - News Release
Kensington's Fort a la Corne JV meeting set for July 19
Kensington Resources Ltd KRT
Shares issued 41,537,631 Jul 15 2002 close $ 1.02
Monday July 15 2002 News Release
Also Cameco Corp (CCO) News Release


Mr. David Stone reports
2002 FORT A LA CORNE JOINT VENTURE MEETING SET FOR JULY 19, 2002
The Fort a la Corne joint venture partners received a draft copy of a report entitled Updated Evaluation Report on Kimberlite No. 141 as at July, 2002 (incorporating kimberlite No. 140) from De Beers Canada Exploration Inc. on Friday, July 12, 2002. This report is now under consideration by the technical committee and board of directors of Kensington Resources. Results and implications will be reported to the public after joint venture concerns are dealt with, and the final version is released.
The 2002 Fort a la Corne joint venture management meeting will be held on Friday July 19, 2002, in Saskatoon. The aforementioned report will be discussed fully with decisions made for a forward work program directed at further evaluation of prioritized kimberlites during 2002.
The Fort a la Corne diamond project is a joint venture among De Beers Canada Exploration Inc., a wholly owned subsidiary of De Beers (42.25 per cent), Cameco (5.5 per cent), UEM Inc. (carried 10 per cent) and Kensington Resources (42.25 per cent). The 71+ kimberlite bodies of the Fort a la Corne field form one of the largest diamondiferous clusters in the world.
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