KEX ...well I'm thoroughly confused now.
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Kent corrects Flagstaff drill results
Kent Exploration Inc (C:KEX)
Shares Issued 18,547,782
Last Close 2/6/2008 $0.19
Thursday February 07 2008 - News Release
Mr. Graeme O'Neill reports
KENT EXPLORATION INC.-FLAGSTAFF, WA PROPERTY: DRILL RESULTS UPGRADE
Kent Exploration Inc. is correcting the assay results that have been received on two of six holes from its fall 2007 diamond drill program, as described in Stockwatch on Feb. 5, 2008.
Assay results were quoted as barite (BaSO4) instead of barium oxide (BaO).
The ME-XRF06 assay procedure performed by ALS Chemex converts the barite contained in the core to barium oxide (BaO) during the assay and was reported as BaO. To calculate the barite content, the BaO must be multiplied by a factor of 1.52211.
As reported, DDH FLAG07-01 was drilled between CE Minerals' drill holes CE53 and CE54, and intersected 84 feet from 41 feet to 125 feet, grading an average of 51.15 per cent BaO, which is 77.9 per cent barite.
FLAG07-03 was drilled in the approximate location of CE Minerals' drill hole CE53, and intersected 14.5 feet of barite from 35.5 feet to 50 feet grading 51.42 per cent BaO (78.3 per cent barite), 49 feet from 57 feet to 105 feet grading 54.66 per cent BaO (83.2 per cent barite), seven feet from 108 feet to 115 feet grading 56.53 per cent BaO (86.0 per cent barite), and 19 feet from 116 feet to 135 feet grading 62.89 per cent BaO (95.7 per cent barite).
Barite is used as a drill mud additive for oil and gas well drilling. According to the U.S. Geological Survey, 2006 consumption of barite in the United States was approximately 3.2 million tons. U.S. domestic production in 2006 accounted for 540,000 tons at an average price of $39 (U.S.) fob mine, with the balance of approximately 2.7 million tons being imported. The entire USGS report can be viewed on the company's website.
This news release has been prepared on behalf of the Kent Exploration board of directors, which accepts full responsibility for its contents. The contents of this release have been reviewed and approved by Marvin A. Mitchell, PEng, a qualified person as defined by National Instrument 43-101.
© 2008 Canjex Publishing Ltd |
