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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 (5000)	11/7/2000 2:49:09 PM
From: gian piero ciambella	Read Replies (1) \| Respond to of 5206

News Release: Kensington completes more Fort a la Corne drill holes KRT shares issued 30,977,019 2000-11-06 close $0.45 Tuesday Nov 7 2000 News Release Also Cameco Corporation (CCO) Mr. David Stone reports Kensington Resources and its partners, De Beers, Cameco Corp. and UEM Inc., have successfully completed two more drill holes in this year's ambitious $2.26-million joint venture drilling program at the Fort a la Corne diamond project in Saskatchewan. The last two holes of five were completed on kimberlite body 141 to end this year's drilling program. All joint venture partners are pleased with the excellent progress in the program. Kimberlite body 141 was chosen for significant mini-bulk sampling in 2000 because of its immense size and its potential for stones in the larger sieve classes. It encompasses an area of 106.8 hectares (264 acres) and is estimated to contain 395 million tonnes of kimberlite (as determined by geophysical modelling within margins based on a less than 30-metre thickness cutoff). Two very large diameter reverse circulation drill holes (610 millimetres -- approximately 24 inches) intersected significant thicknesses of kimberlite in body 141. A total of 520.8 metres were drilled with a combined kimberlite intersection of 306.8 metres. One drill hole penetrated through the body while the second drill hole was terminated within hard, altered, bedded kimberlite underlying the thicker, main part of the body. The calculated mass of kimberlite excavated by drilling for body 141 is 228.2 tonnes, of which 130.3 tonnes of wet kimberlite chips, with a minimum diameter of 1.0 mm, were retained for diamond recovery. All retained kimberlite was collected in mini-bulk samples covering 12-metre intervals. For the entire program, a total of 1,253.6 metres were drilled with a combined intersection of 710.53 metres of kimberlite. The total excavated kimberlite was 517.9 tonnes, of which 300.04 tonnes of greater than 1.0 mm chips were retained for processing. Preliminary totals for all five drill holes are shown in Table 1. Table 1: Summary of Fort a la Corne 2000 drilling program Theoretical Thickness of Kimberlite Kimberlite Excavated Drill hole Intersected (tonnes) ---------- ------------ ----------- 122-09 155.10 113.06 122-10 145.54 106.09 122-11 100.55 73.30 122 401.19 292.45 141-04 168.14 122.57 141-05 141.20 102.93 141 309.34 225.5 Program Totals: 710.53 517.95 Total Number Kimberlite of 12 m Retained Mini-bulk Drill hole (tonnes) Samples ---------- ---------- --------- 122-09 63.896 14 122-10 57.944 13 122-11 46.412 9 122 168.252 36 141-04 69.373 15 141-05 62.415 13 141 131.788 28 Program Totals: 300.04 64 Mini-bulk samples from the entire program were transported to a dense media separation plant operated by De Beers in Grande Prairie, Alta. Sample splits weighing 20 kilograms and covering the same 12-metre intervals will be made up from oversize kimberlite chips in the Grande Prairie plant during processing. These sample splits will be air freighted to De Beers facilities in South Africa for recovery of diamonds by caustic dissolution procedures. Additional eight-kilogram splits from drill holes 122-10 and 141-04 will be sent to Lakefield Research in Lakefield, Ont., for corroboratory recovery of diamonds. Representative grab samples (two to three kilograms) of kimberlite from each 12-metre interval will soon be submitted for granulometric and density analyses at the Saskatchewan Research Council in Saskatoon. Small representative samples of kimberlite chips taken throughout each drill hole are being logged for lithology and indications of the internal architecture of the body. The joint venture wishes to thank the drilling contractor, Layne-Christensen Canada Ltd.; the camp contractor, Allcamp Catering Ltd.; and the heavy equipment operator, T&P Wood Processors; for their diligence and professional conduct throughout the program. The Fort a la Corne diamond project is a joint venture among DeBeers Canada Exploration Inc. (formerly Monopros Ltd.), a wholly owned subsidiary of De Beers (38 per cent); Cameco Corporation (14 per cent); UEM Inc. (10 per cent); and Kensington Resources Ltd. (38 per cent). The Fort a la Corne kimberlite cluster is one of the largest clusters in the world containing 71 kimberlite bodies. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing) P.S. Average Joe...hope your writing diarrhea is cured!