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

To: maxed who wrote (3388)	2/16/1999 11:53:00 AM
From: Ducks	Respond to of 5206

It outlines their drilling plan. It's not bad. Makes them look real (whether they are or not)

To: maxed who wrote (3388)	2/16/1999 12:14:00 PM
From: Lerfold Harvey	Respond to of 5206

<Picture> Kensington Resources Ltd KRT VSE<Picture>Add to PortfolioFebruary 16, 1999 Outline of 1999 Exploration Program at the Fort a la Corne Diamond Joint Venture Project, Saskatchewan KENSINGTON RESOURCES LTD ("KRT-V;KNSRF-L") CAMECO CORP ("CCO-TM;CCJ-DNQX;CMECF-L") - Outline of 1999 Exploration Program at the Fort a la Corne - Diamond Joint Venture Project, Saskatchewan David H. Stone, President of Kensington Resources Ltd. (the "Company") is pleased to announce an outline of the 1999 approved exploration program and the successful completion of drilling four holes at the Port a la Corne Diamond Project in Saskatchewan. The Fort a la Corne Diamond Project is a joint venture among Monopros Limited ("Monopros") (30%), Cameco Corporation ("Cameco") (30%), UEM Inc. ("UEM") (10%) and the Company (30%). The primary objective of the 1999 drilling program focused on further bulk testing kimberlite bodies 147 and 220 that yielded favourable results from previous testing and required additional evaluations. These and a few other bodies have the greatest economic potential on the basis of the data compiled to date. Kimberlite bodies 147 and 220 are considered to contain in excess of 490 and 80 million tonnes of kimberlite, respectively. The Fort a la Corne kimberlite cluster is one of the largest clusters in the world containing 71 kimberlite bodies. To date, 34 of the 69 kimberlite bodies tested by drilling contain macrodiamonds. The 1999 program consists of four reverse circulation airblast large (11 3/4") diameter holes that were recently drilled to collect samples from kimberlite bodies 147 and 220 which join with other bodies to form a mega-cluster. Two drill holes were targeted on kimberlite 220 and another two were completed on kimberlite body 147. Approximately 64 tonnes of kimberlite material was retained from a theoretical mass of 87 tonnes from these four drill holes. Concentrating of the minibulk samples will begin shortly at the Monopros facility in Canada. Grab samples collected over both one-and six-metre intervals will be retained for petrographic examination, potential microdiamond recoveries, geochemical studies and for the permanent archive collection. Composite grab samples from the 1999 program will be submitted to the DeBeers laboratory facility in South Africa for microdiamond recoveries. One composite grab sample from drillhole 147-01, which was drilled in 1991, may also be processed for the recovery of microdiamonds. Stones recovered from these microdiamond samples will augment the database and enable determination of more reliable grade forecasts for commercial size diamonds in kimberlite bodies 147 and 220. To maintain consistency of results, macrodiamonds recovered from the 1999 minibulk samples will be evaluated by both DeBeers and Dr. Luc Rombouts of Terraconsult bvba. Several modifications were made to the drilling system equipment and procedures to enhance the recovery of diamonds and reduce the stone breakage during the 1999 drilling operation. Planning of modifications to the minibulk processing plant equipment and procedures which will increase the diamond recovery efficiency is still in progress. The approved 1999 program was budgeted at a total of CDN $681,294. Cameco elected not to contribute funds to the 1999 program so all costs are carried equally by Monopros, the operator, and the Company. The Company's portion of the joint venture obligation is CDN $340,647, CDN $232,000 of which has been paid to the operator. TEL: (604) 681-0377 David H. Stone, President FAX: (604) 521-5981 Kensington Resources Ltd. EMAIL: info@kensington-resources.com INET : www.kensington-resources.com ______________________________________ (c) Corporate Dissemination Services Inc. All rights reserved. Tel:(604) 689-1101 Fax:(604) 689-1106 RapidFAX (tm) - To get the NEWS as it happens, call (604) 689-3041. This Report Updated by Canstock at 8:19:23 Pacific Time ------------------------------------------------------------------------ <Picture> \| Search \| \| Market Review \| \| Charts \| \| Quotes \| \| News \| \| News Archive \| \| Portfolio \| \| Interest Rates \| \| Download Data \| \| Insider Reports \| \| Pay per View \| \| Mutual Funds \| \| Main Stock Market Page\| \| Contact Us \| \| Help \| ------------------------------------------------------------------------ © 1995-98 Canadian Stock Market Reporter

To: maxed who wrote (3388)	2/16/1999 12:17:00 PM
From: Bob Walsh	Read Replies (1) \| Respond to of 5206

Here is the release: Kensington's Fort a la Corne project outline Kensington Resources Ltd KRT Shares issued 23,966,435 1999-02-15 close $0.25 Tuesday Feb 16 1999 Mr. David Stone reports An outline of the 1999 approved exploration program and the successful completion of drilling four holes at the Fort a la Corne diamond project in Saskatchewan. The Fort a la Corne diamond project is a joint venture among Monopros Limited (30 per cent), Cameco Corporation (30 per cent), UEM Inc. (10 per cent) and the company (30 per cent). The primary objective of the 1999 drilling program focused on further bulk testing kimberlite bodies 147 and 220 that yielded favourable results from previous testing and required additional evaluations. These and a few other bodies have the greatest economic potential on the basis of the data compiled to date. Kimberlite bodies 147 and 220 are considered to contain in excess of 490 million tonnes and 80 million tonnes of kimberlite, respectively. The Fort a la Corne kimberlite cluster is one of the largest clusters in the world containing 71 kimberlite bodies. To date, 34 of the 69 kimberlite bodies tested by drilling contain macrodiamonds. The 1999 program consists of four reverse circulation air-blast large (11-3/4 inch) diameter holes that were recently drilled to collect samples from kimberlite bodies 147 and 220 which join with other bodies to form a megacluster. Two drill holes were targeted on kimberlite 220 and another two were completed on kimberlite body 147. Approximately 64 tonnes of kimberlite material was retained from a theoretical mass of 87 tonnes from these four drill holes. Concentrating of the minibulk samples will begin shortly at the Monopros facility in Canada. Grab samples collected over both one- and six-metre intervals will be retained for petrographic examination, potential microdiamond recoveries, geochemical studies and for the permanent archive collection. Composite grab samples from the 1999 program will be submitted to the DeBeers laboratory facility in South Africa for microdiamond recoveries. One composite grab sample from drill hole 147-01, which was drilled in 1991, may also be processed for the recovery of microdiamonds. Stones recovered from these microdiamond samples will augment the data base and enable determination of more reliable grade forecasts for commercial size diamonds in kimberlite bodies 147 and 220. To maintain consistency of results, macrodiamond recovered from the 1999 minibulk samples will be evaluated by both DeBeers and Dr. Luc Rombouts of Terraconsult bvba. Several modifications were made to the drilling system equipment and procedures to enhance the recovery of diamonds and reduce the stone breakage during the 1999 drilling operation. Planning of modifications to the minibulk processing plant equipment and procedures which will increase the diamond recovery efficiency is still in progress. The approved 1999 program was budgeted at $681,294 (Canadian). Cameco elected not to contribute finances to the 1999 program so all costs are carried equally by Monopros, the operator, and the company. The company's portion of the joint venture obligation is $340,647 (Canadian), $232,000 (Canadian) of which has been paid to the operator.