White Knight Resources Ltd.: Early Drilling Results at New Pass Project, Nevada.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-- White Knight White Knight falls off his horse every time it stops. [Br. Lit.: Lewis Carroll Through the Looking-Glass] See : Awkwardness White Knight invents clever objects that never work. [Br. Lit. Resources Ltd. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:WKR WKR Wrecker WKR Watchkeeping Receiver (maritime) ) White Knight Resources Ltd. (the "Company") has been notified that its joint venture partner, Bonaventure Enterprises Inc., has received assay results for 12 of a planned 27 drill holes at the New Pass Project located in Central Nevada, approximately 27 miles (43 km) west of Austin. Bonaventure has an option to earn up to a 60% interest in the property from the Company. Drill holes NP-0502 and 0503 were drilled at the northern end of the previously defined historical resource. NP-0505 and 0508 were drilled along the western edge of the historical resource, 1,200 and 2,700 feet (365 and 825 meters) south of 0503. Drill Hole 0503 intersected 65 feet averaging 0.031 oz/ton gold and 0.09 oz/ton silver. NP-0505 intersected an upper zone of 30 feet at 0.025 oz/ton gold and 0.18 oz/ton silver and a new lower zone of 15 feet at 0.046 oz/ton gold and 1.35 oz/ton silver. NP-0508 intersected 50 feet averaging 0.039 oz/ton gold and 0.42 oz/ton silver. Drill Hole 0502 was drilled to test volcanic rocks rocks which have been produced from the discharges of volcanic matter, as the various kinds of basalt, trachyte, scoria, obsidian, etc., whether compact, scoriaceous, or vitreous. See also: Volcanic that cover part of the deposit previously thought to be un-mineralized. An intercept of 65 feet at 0.015 oz/ton gold and 0.07 oz/ton silver shows the volcanics may add additional tons to the target of an open pittable resource. All of these intercepts are on the margins of the deposit and additional drilling is planned. These results were obtained from ALS Als (äls), Ger. Alsen, island, 121 sq mi (313 sq km), Sønderjylland co., S Denmark, in the Lille Bælt, separated from the mainland by the narrow Alensund. Chemex Laboratory located in Reno, Nevada and Vancouver, B.C. Bonaventure has a Quality Control program in place. After receipt of all drilling results, cross sections will be constructed and a Phase 2 drilling plan designed to further expand the deposit. In 1989, Westmont Gold Inc. estimated an historic indicated resource of 3,371,000 tons grading an average of 0.042 oz/ton using a 0.02 oz/ton cut-off (142,000 ounces of gold). The historical resource estimate was completed prior to implementation of NI 43-101 and has not been re-defined to conform to Verb 1. conform to - satisfy a condition or restriction; "Does this paper meet the requirements for the degree?" fit, meet coordinate - be co-ordinated; "These activities coordinate well" CIM (1) (Computer-Integrated Manufacturing) Integrating office/accounting functions with automated factory systems. Point of sale, billing, machine tool scheduling and supply ordering are part of CIM. approved standards as defined by NI 43-101 (see White Knight news release dated November 26, 2004). This news release was reviewed and the contents have been verified by the Company's Qualified Person, John M. Leask, P.Eng. About White Knight Resources Ltd. White Knight is an exploration company active in finding and exploring mineral prospects. The Company has been exploring Nevada since 1993 and currently controls the second largest land holding in the Cortez Trend. Its property portfolio includes 18 properties (over 60,000 acres), sixteen of which are located in the Cortez Trend. The 2005 exploration season is very active for the Company as the total anticipated drilling exposure during the 2005 field season is expected to be approximately 70,000 feet. On behalf of the Board of Directors, John M. Leask, P.Eng., Chairman of the Board 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. does not accept responsibility for the ad equacy or accuracy of this release. White Knight Resources Ltd. (TSX VENTURE:WKR) |
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