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

To: Chad Barrett who wrote (2394)	7/31/1998 9:49:00 AM
From: BUDDY MOYNIHAN	Read Replies (2) \| Respond to of 5206

hello chad: i do not know as much as we both would like about the '98 drill program chad but i'll give a few observations anyway. first stone has said several times that drilling will start by the beginning to mid-september. i have no knowledge that would contradict this (i also haven't spoken to stone on the phone in about 4 weeks now). second, since the bill is only $400+k this tells me cameco isn't leaving the jv and that 30 tonnes of kimberlite will be taken from 3 pipes (the three best pipes according to art decarle). drilling will probably take 10 days give or take a couple then our wait. it shouldn't be as bad this time as debeers now has a facility in canada (so i hear. i haven't visited it). will they be doing a bulk sampling that is meaningful? well, yes but we need to understand the sampling. art decarle told me that as the amount of sample approaches 70 tonnes the closer the actual grades approach luc rombouts' extrapolated projections (3+ economic pipes). pipe 220 seems to have the inside trek to be the best of the best. with this next round of drilling it should have had close to 70 tonnes of kimberlite analyzed. this would be meaningful. will they take out 300 tonnes? no but the amount taken should answer many questions. this plus cameco (now 40% owners) staying in provides some opportunity in this next drill phase. i'm glad to see we both didn't decide to hold our respective breadths waiting. i hope i've helped. i'll try to get facts to back up the assumptions. enjoy the weekend all, buddy.

To: Chad Barrett who wrote (2394)	7/31/1998 11:09:00 AM
From: average joe	Read Replies (1) \| Respond to of 5206

Most kimberlites contain no diamond, some contain small micro-diamond. There is no relationship in the genesis of the micro and macro stones. Indicator minerals can be abundant and not mean you will find micro or macro diamond. Micro diamonds have no known indicators and always appear as gem quality. There is one past producing mine that had no micro diamond, only macro stones. The origins of micros, indicators and macros while all different have one thing in common, kimberlite gas will bring them to surface and if the conditions are right not destroy them on the ascent. Welcome to the micro-diamond fields of Fort a'la Corne! over and out - aj