Kent Exploration (TSXV:KEX) Summarizes the Activities of 2011 and Lays Out the Exploration Plans for 2012 - Video Summary Posted on www.InvestmentPitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, January 13, 2012 - Kent Exploration's (TSXV:KEX)
President, Graeme O'Neill, issues a report, summarizing the company's activities
during 2011 and laying out the exploration plans for 2012.
InvestmentPitch.com has produced a "video news alert" which provides a brief
summary of this report. If this link is not enabled, please visit
www.InvestmentPitch.com and enter "Kent" in the search box.
Australia
One of the bigger events during 2011, was the spin off of the company's
Australian gold project into Archean Star, which was listed separately on the
TSX Venture Exchange under the symbol ASP. Kent retained approximately 10
million shares or 22% of Archean.
Archean Star is currently conducting a diamond drill program at the Gnaweeda
Gold Project in the Meekatharra Gold Field, located in the highly prolific
Murchison Gold Belt in Western Australia. The Murchison Gold Belt has produced
in excess of 18 million ounces of gold, and there are currently several
significant programs underway in the area, by companies listed on the Australian
Stock Exchange.
New Zealand
Kent continues to focus on its 3 gold projects, all located in the highly
prolific gold fields of New Zealand. Historically, more than 2 million ounces of
hard rock gold along with more than 8 million ounces of placer gold have been
mined along the West Coast of the South Island.
The recent diamond drill program succeeded in establishing the presence of 2
parallel gold bearing zones at the company's 26 square kilometre Alexander River
project, in an area that showed historical production of 41,000 ounces of gold
from 49,000 tons of ore. This works out to roughly 0.83 ounces of gold per
tonne. The company recently received an exploration permit covering about 30% of
this property, and plans to recommence exploration in early 2012.
To the west of their Alexander River project, on their 178 square kilometre
Paparoa Gold prospect, approximately 250,000 ounces of alluvial gold were
reportedly historically produced from the Moonlight Creek watershed in the
centre of the project. This included 2 of the largest gold nuggets ever
recovered in New Zealand, the largest being 87.5 ounces, which would be worth
approximately $140,000 at today's price. The company plans to extend its current
prospecting program at Paparoa during 2012, to further identify additional
hardrock sources of the alluvial gold.
The company's third, and largest property, is the 261 square kilometre Lyell
Gold project, which lies approximately 40 kilometres northeast of Westport. This
area, considered to be the northern extension of the Reefton Gold Field, is
substantially under explored, despite the presence of numerous small historic
gold mines in the area.
Flagstaff Barite Project
The Company has expended considerable effort in getting its Flagstaff Barite
Project into production this past year in order to produce cash flow to fund the
Company's ongoing gold exploration programs. While some cash flow has been
produced, it is insufficient to fund the Company's ongoing operations, so
additional funding will be required going forward to complete this program.
During the year the Company cleaned up the mine-site and re-established the road
accesses to the historic open pit, separated the historic approximately 35,000
ton stockpile into high grade and waste, and drilled and blasted and stockpiled
an additional approximately 14,000 tons of ore. The Company screened the barite
ore into two stockpiles, one of approximately 15,000 tons of crushed fines for
upgrading and one of approximately 20,000 tons of 3/4 inch minus for further
crushing and upgrading. The Company was unable to complete the upgrading before
weather conditions deteriorated on the mountain, so has erected a storage
facility in the town of Northport, WA, in order to complete upgrading and
processing the raw material to a specific gravity of 4.1 during the winter
months.
To read the full shareholder's report, and for a more information on Kent's many
projects visit their website www.kent-exploration.com, phone 604-684-3394 or
email company(at)kent-exploration.com.
InvestmentPitch.com is a multimedia company that provides a combined solution
for creating and hosting financial video content, and distributing it across
multiple platforms to investors and financial professionals. InvestmentPitch.com
specializes in producing short three minute videos based on news releases and
research reports.
CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
604-684-5524
bmorgan(at)investmentpitch.com
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Source: InvestmentPitch via Thomson Reuters ONE
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Unternehmensinformation / Kurzprofil:
Datum: 13.01.2012 - 23:16 Uhr
Sprache: Deutsch
News-ID 104133
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