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

To: gian piero ciambella who wrote (3170)	1/11/1999 2:26:00 PM
From: Cookie Monster	Read Replies (1) \| Respond to of 5206

Gian Piero.....KRT/MVP Comapare The fact is that almsot anyone with a shot at finding diamonds is paired up/JV with De Beers/Monoprose. This is simply because they have a monopoly and they want to control every possible discovery....so the do JVs with everyone. I like MVP and I think they have excellent potential. I like KRT better because if you go back far enough...the work they have already done on this property has produced excellent results. It is just a matter of continuing the drill program that was abandoned two years ago....in a bad decision making move. If they can prove that the results of two years ago can be matched with more great results....the market will drive KRT much much higher, most likely to levels such as those of MVP and ACA. ciao, CM

To: gian piero ciambella who wrote (3170)	1/11/1999 2:34:00 PM
From: Cookie Monster	Respond to of 5206

Here is a research report I found on stockhouse.... Thanks to the original author for a great review. Everyone should notice the size of KRT's partners on this project. No little players here....all big boys. FORT A LA CORNE REVIEW: by Murray Tildesley If De Beers can do it in Botswana, it can be done in Saskatchewan! Kensington Resources owns a 30% share of a joint venture diamond project in Fort a la Corne, Saskatchewan. Exploration has been underway since 1989 and 176 drill holes have been completed at a cost of $20 million to date. The other partners are Uranerz 10%, Cameco 30%, and Monopros (owned by De Beers) 30%. On a comparative basis for example, Kensington's Fort a la Corne property will be an open pit mine with grades and values similar or better, in my opinion, than projects currently in development in Botswana. The property has 71 kimberlites and of the 69 kimberlite bodies tested to date 40 range in size from 20ha (1ha=2.47 acres) to 135ha. The roads and infrastructure are already in place. Botswana has three developed diamond mines that account for two thirds its U.S. $2.9 billion in export revenue. The three operating mines there are Jwaneng Mine (11,165,889 carats), Orapa Mine and the small Letlhakane Mine (both together produced a total of 6,541,173 carats). These three mines are owned by Debswana Diamond Company (pty) Limited, Debswana is in turn owned ½ by De Beers and ½ by the Botswana Government. Debswana has received a positive feasibility study on the B/K9 kimberlite, a small 10ha pipe about 10km east of the Orapa Mine. The estimated grades and values are somewhat lower than the Fort a la Corne project. De Beers wisely applied for a mining license to put the property into production. This ensured that a secure position was attained in the area. Although largely covered by wind-blown sand Botswana remains highly prospective for economic diamond deposits. De Beers has completed underground bulk sampling and large diameter drilling programs on two of the Gope kimberlite pipes in central Botswana held in partnership with Falconbridge Mines. The project is now in full feasibility. At Gope, the entire estimated project grade is less than the Fort a la Corne site, furthermore, the kimberlites are under 90-110 meters of Kalahari (sandy overburden)in one of the most remote areas of the country. Gope Kimberlite #25 is about 10ha and Gobe #136 is 3-4ha, much smaller in area than those found at Kensington's Fort a la Corne project. These mines will also be open pit. Obviously, the Fort a la Corne project compares more than favourably with this operation. Fort a la Corne is a major project that has been under-estimated and over-looked by the market place. After a feasibility study I estimate KRT will be in the $20-30 range. In short, the Fort a la Corne project must be considered a world class diamond project. Written by: Murray Tildesley, Victoria, BC Publisher (former financial analyst, Bank of Montreal, Head Office), shareholder Wednesday, July 14, 1998