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Gold/Mining/Energy : Kensington Resources Ltd. (V.KRT) * Diamond in the rough! -- Ignore unavailable to you. Want to Upgrade?

To: average joe who wrote (4071)	6/29/1999 9:50:00 AM
From: maxed	Read Replies (2) \| Respond to of 5206

Shore Announces Appointment of New President SASKATOON, June 29 /CNW/ - The Chairman of Shore Gold Inc., Mr. Kenneth F. MacNeill, is pleased to announce the appointment of Jonathan Challis as President and Director of the Corporation. Mr. Challis, a Mining Engineer by background brings considerable experience in the Diamond Industry to the Company. He has been involved in diamond exploration programs in Southern Africa, Australia, Russia, China and North America, and is currently a director of DiamondWorks Ltd., a Toronto listed diamond producer. Mr. Challis said that in his view, the 100% owned Fort a la Corne diamond project of Shore was one of the most prospective properties he has seen, given the excellent results achieved to date and was confident that the planned drill program for 1999 would add significantly to the potential of the diamondiferous kimberlites already discovered. In addition to the diamond project, Shore also has a highly prospective portfolio of other exploration projects including the Virgin River property (100% Shore) where anomalous copper/nickel/cobalt values have been found and the Munro Lake (51% Shore) property where a surface sampling program has produced gold values of up to 0.41 oz/ton, and 1.62% copper. Exploration programs are being planned for both these properties. Shore Gold Inc. also announces that it is in the process of raising approximately C$750,000 by way of a private placement to cover the costs of the planned 1999 drill program at Fort a la Corne. It is anticipated that this will be completed within 60 days. Shore Gold Inc. is a Canadian based corporation engaged in the acquisition, exploration and development of mineral properties. The majority of Shore's mineral properties are located in Saskatchewan. The Common Shares of Shore Gold Inc. trade on The Alberta Stock Exchange under the symbol SGF. The Alberta Stock Exchange has neither approved nor disapproved the information contained herein.