Kensington Resources Ltd. Announces Progress on 2005 Drilling Program.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Kensington Resources Ltd. (the "Company") (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:KRT KRT Knight Ridder/Tribune KRT Keratin KRT Knights of the Round Table (Diablo gaming guild) KRT Khartoum, Sudan - Civil (Airport Code) KRT Kleene's Recursion Theorem ) announces an update on drilling of high interest targets in the south Fort a la Corne cluster. A total of 38 HQ coreholes (diameter of 2.5 inches or 63.5 mm) with intersections totaling 2,920.9 metres have been completed on eight kimberlite kimberlite: see diamond. kimberlite or blue ground Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix. bodies including the western part of the Star Kimberlite. A minimum of 130 HQ coreholes are planned during the 2005 program which is budgeted at CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. $25.6 million. Drilling on the western portion of the Star Kimberlite was one of the top priority targets in the 2005 drill program. "We are pleased to confirm evidence of thick intervals of Early Joli Fou kimberlite in three of the coreholes," says Robert McCallum, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Kensington Resources Ltd. "We expect that a substantial amount of Star Kimberlite exists on Joint Venture land. The Early Joli Fou provided successful grade and value results for Shore Gold, and we want to determine whether the Joint Venture portion offers the same potential economic opportunities." Fifteen coreholes have been planned for the Star Kimberlite to investigate the westward extent of prospective Early Joli Fou high-grade kimberlite that extends onto the Joint Venture boundary. Eight coreholes have been completed with a combined total intersection intersection /in·ter·sec·tion/ (-sek´shun) a site at which one structure crosses another. intersection a site at which one structure crosses another. of 394.9 metres of kimberlite from 1,679.0 metres of drilling. Individual intersections of kimberlite range from 8.8 to 118.95 metres. The identification of Early Joli Fou kimberlite was based on comparison of core to detailed kimberlite descriptions available in public domain assessment reports (Saskatchewan Industry and Resources) and to data from Shore Gold Inc. technical reports on SEDAR SEDAR System for Electronic Document Analysis and Retrieval SEDAR Southeast Data, Assessment, and Review . Drilling continues on the property with three Boart-Longyear LF-70 core rigs operating on 24 hour schedules. Table One shows a summary of drilling results to date for all of the kimberlite bodies investigated this year.
Table One: Fort a la Corne Joint Venture Core Drilling
Summary to June 11, 2005
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Number Number Number Total Thickest
of of of Total Kimber- Kimber-
Kimber- Core- Core- Core- Drilled lite lite
lite holes holes in holes Interval Interval Interval
Body Planned Progress Completed (m) (m) (m)
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Star 15 0 8 1,679.0 394.9 118.95
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134 5 0 5 1,134.0 474.4 145.1
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145 11 0 10 2,283.0 974.9 176.5
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219 12 1 10 2,219.6 812.9 208.1
-------------------------------------------------------------------
133 6 1 1 228.0 36.9 36.9
-------------------------------------------------------------------
119 6 1 2 432.0 73.9 44.6
-------------------------------------------------------------------
140 1 0 1 249.0 148.5
-------------------------------------------------------------------
150 1 0 1 249.0 4.5
-------------------------------------------------------------------
Total: 57 3 38 8,473.6 2,920.9
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Other conceptual studies that are included in the Advanced Exploration and Evaluation (AE&E) Plan are progressing under the joint management of De Beers Canada Inc. and their alliance partner, AMEC AMEC African Methodist Episcopal Church AMEC Agent Mediated Electronic Commerce AMEC Arctic Military Environmental Cooperation AMEC Advanced Micro-Fabrication Equipment Inc AMEC Association of Media Evaluation Companies . "Kensington Resources Ltd. leads several of these initiatives, particularly in the development of mining, waste management and infrastructure concepts and development of government liaison strategies," states Robert A. McCallum. "It should be noted that including traditional pre-feasibility steps at this stage of our program demonstrates the Joint Venture's desire to reach a production decision as soon as possible in response to the world diamond supply shortfall Shortfall The amount by which the capital required to fulfill a financial obligation exceeds available capital. Notes: Shortfall risk is often combated with an efficient hedging strategy created by a fund, group, institution, or individual. ." The first phase of the AE&E Plan will mainly consist of geological ge·ol·o·gy n. pl. ge·ol·o·gies 1. The scientific study of the origin, history, and structure of the earth. 2. The structure of a specific region of the earth's crust. 3. A book on geology. drilling and microdiamond analysis to determine the internal geology geology, science of the earth's history, composition, and structure, and the associated processes. It draws upon chemistry, biology, physics, astronomy, and mathematics (notably statistics) for support of its formulations. and grades of the targeted kimberlites. For additional information concerning the 2005 drilling results, please see our website at www.kensington-resources.com. Brent Brent, outer borough (1991 pop. 226,100) of Greater London, SE England. The area is a rail and industrial center. Its manufactures include automobile parts, clocks and watches, and electrical equipment. C. Jellicoe, P.Geo. is the Qualified Person for the Company and has reviewed the technical information herein. Kensington Resources Ltd. is an exploration and mine development company currently focused on the high potential Fort a la Corne Diamond Project in Saskatchewan. The management team includes strong technical expertise and is committed to reaching a diamond producer status for the realization of shareholder value. The Fort a la Corne Diamond Project is a Joint Venture among Kensington Resources Ltd. (42.245%), De Beers Canada Inc. (42.245%), Cameco Corporation (5.51%) and UEM UEM Universidade Estadual de Maringa (State University of Maringa, Brazil) UEM Universidade Eduardo Mondlane (Maputo, Mozambique) UEM Unione Economica e Monetaria Inc. (carried 10%). After fifteen years of exploration at Fort a la Corne, the Joint Venture partners have entered into an accelerated results-driven advanced exploration and evaluation phase targeted on reaching a pre-feasibility decision in 2008. The Fort a la Corne Diamond Project includes 63 identified kimberlite bodies within the largest diamondiferous kimberlite cluster in the world. Robert A. McCallum, President & CEO Kensington Resources Ltd. FORM 20-F FILE #0-24980 LISTED IN STANDARD & POOR'S The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. Kensington Resources Ltd. (TSX VENTURE:KRT) |
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