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

To: High Grader who wrote (4799)	6/7/2000 1:16:00 PM
From: Richard Cushnie	Read Replies (1) \| Respond to of 5206

Looks like it will be time to move back into this one in a few months when they hit the 20's again. Kensington to undertake $2-million drilling program Kensington Resources Ltd KRT Shares issued 30,750,685 Jun 6 close $0.42 Wed 7 Jun 2000 News Release Following Kensington Resources' annual technical meeting at Saskatoon on May 31, 2000, an agreement in principal was reached by the joint venture partners to undertake a drilling program this year of up to $2-million. This major commitment would represent one of the most ambitious drilling programs at Fort a la Corne to date. A program of such magnitude serves to emphasize all the joint venture partners' enthusiasm for the Fort a la Corne property. To this end, all joint venture partners have agreed to meet within two weeks to discuss finalization of plans for this year's drilling program. Such a follow-up meeting is unprecedented in the joint venture's history and emphasizes the intent to move the project forward as quickly, decisively and as prudently possible. This announcement is only a brief update on this single item and is intended to assure all shareholders that details of the drilling program and any other significant news will be announced as quickly as possible. The Fort a la Corne diamond project is a joint venture composed of Monopros Ltd., a wholly owned subsidiary of DeBeers (38.5 per cent), Cameco Corporation (12.9 per cent), UEM Inc. (10 per cent) and Kensington Resources Ltd. (38.5 per cent). The Fort a la Corne kimberlite cluster is one of the largest clusters in the world containing 71 kimberlite bodies. To date, 69 of the 71 kimberlite pipes on the site have been tested. Forty-nine kimberlite pipes have been found to be diamond-bearing, with 34 kimberlite pipes containing macrodiamonds larger than one millimetre. Details of upcoming exploration programs will be announced shortly. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com