Category: Uncategorized
- Published: 29 November -0001
News Release: Phase 1 Drilling Program Completed-Prospective Kimberlites Intersected
Kensington Resources Ltd. (the 'Company') announces the successful completion of the Phase 1 drilling program. Microdiamond recovery and geology results of Phase 1 are expected to facilitate decisions concerning large diameter drilling and bulk sampling during the spring and summer of 2004. The 2003 evaluation program has a budget of CDN $3.0 million targeted on four separate, high priority kimberlite bodies.
Drilling concluded on November 13, 2003 with a total of 48 HQ (63.5 mm or 2.5 inches) coreholes and one NQ (47.6 mm or 1.875 inches) corehole. Significant intersections of prospective kimberlite were encountered in each of the kimberlite bodies drilled and sufficient coverage of the bodies from this program and previous drilling will permit construction of geological models. The table shown below summarizes the drilling program.
Summary of 2003 Core Drilling at Fort a la Corne
Summary of 2003 Core Drilling at Fort a la Corne
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Range of
Kimber-
lite
Inter-
Main Total sections
Kimber- # of Kimber- Kimber- Per Total
lite Core- Till lite lite Corehole Meterage
Body holes (m) (m) (m) (m) (m)
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140/141 10 1,021.82 837.88 875.78 25.2 - 146.3 2,218.00
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150 12 1,269.22 763.66 832.76 31.6 - 119.9 2,264.00
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148 16(i) 1,460.82 1,323.96 1,333.16 36.6 - 180.7 3,073.00
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122 11 1,234.09 890.72 900.34 28.9 - 158.1 2,274.00
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Total: 49 4,985.95 3,816.22 3,942.04 9,829.00
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(i) equals one hole lost at 67 metre in overburden due to drilling
problems
Drillhole placement on Kimberlite 140/141 was targeted to maximize intersection of kimberlite phases including the 'speckled beds'and the 'breccia beds'. A significantly higher-grade zone of kimberlite was discovered in last year's program. Geological interpretation and modeling of deposit tonnages for this body are a priority for the operator.
An initial allocation of 12 drillholes was spread broadly across Kimberlite 148. This was later complemented by an additional 4 holes targeted on the north-central portion of the body where highly prospective, medium- to coarse-grained, macrocrystic kimberlite was identified. Prospective core intersections range up to 150 m in thickness and occur over an area of at least 800x400 m in size. Seven of the drillholes intersected greater than 100 m of kimberlite, with an additional two between 90-100 m.
A broad pattern of drilling across Kimberlite 150 produced an additional two 100+ m intersections. Kimberlite thicknesses show a significant deeper-going zone located in the west central part of the body. Prospective medium-grained, macrocrystic kimberlite types were common in this area.
Drillholes targeted on Kimberlite 122 were placed over a broad grid to provide better representivity over the body for both an understanding of the geology and for microdiamond sampling. Three drillholes encountered intervals of greater than 100 m of kimberlite and prospective medium- to coarse-grained, macrocrystic kimberlite phases were intersected in 8 of the drillholes.
The Company wishes to thank the operator, De Beers Canada Exploration Inc., Boart-Longyear for drilling services and T&P Enterprises for camp and heavy equipment services.
Brent C. Jellicoe, P.Geo., is the Qualified Person for the Company and has reviewed the data herein.
Using the expertise of proven management and world-class, experienced technical advisors, Kensington Resources Ltd. is actively involved in confirming the economic potential of this deposit and moving the project forward to a development decision as rapidly as possible. The Fort a la Corne Diamond Project is a joint venture among Kensington Resources Ltd. (42.25%), De Beers Canada Exploration Inc., a wholly owned subsidiary of De Beers (42.25%), Cameco Corporation (5.5%) and UEM Inc. (carried 10%). The 71+ kimberlite bodies of the Fort a la Corne Field form one of the largest diamondiferous clusters in the world.
ON BEHALF OF THE BOARD OF DIRECTORS OF KENSINGTON RESOURCES LTD. David H. Stone, President
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words 'believes,''expects,''anticipates'or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. Such factors include, among others, the risk factors contained in the Company's documents filed from time to time with the B.C. Securities Commission and the U.S. Securities and Exchange Commission.
FORM 20-F FILE #0-24980 LISTED IN STANDARD &POOR'S
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
SOURCE: Kensington Resources Ltd.
Kensington Resources Ltd.David H. Stone, 800-514-7859 or 250-361-1KRTFax: 250-361-3410Email: This email address is being protected from spambots. You need JavaScript enabled to view it.: www.kensington-resources.comorInvestor Relations:Robert A. Young &AssociatesRobert A. Young, 877-626-2121 or 604-682-5123Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
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