Kent Exploration (TSX.V - KEX) Mobilizes Field Team and Diamond Drill in New Zealand - Video Posted on InvestmentPitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, February 10, 2011 - Kent Exploration Inc. (TSX.V -
KEX) reports that its wholly owned subsidiary, Kent Exploration NZ Limited , has
mobilized a field team and diamond drill to the company's Alexander River Gold
Project, approximately 25 kilometers southeast of Reefton, West Coast, South
Island, New Zealand in order to commence its planned, minimum impact, diamond
drill program.
Investmentpitch.com, a multimedia technology company providing a combined
solution for creating, hosting and distributing video content for public
companies, has prepared a video, including maps, summarizing this report, which
can be viewed at this link. In this link is not enabled, please visit
www.investmentpitch.com and enter "Kent" in the search bar.
The minimum 4 hole diamond drill program, under the direction of Dr. Clay
Conway, Ph.D. P.Geol., is planned to identify geology and structures to assist
in determining the potential for the property to host economic gold
mineralization.
During the company's 2010 surface sampling program, significant gold assay
included:
Trench "F", 3.2m at 24.6 g/t Au including 1.9m at 40.38 g/t Au,
Trench "A", 6.4m at 6.87 g/t Au including 3.2m at 12.91 g/t Au,
Trench "K", 8m at 10.56 g/t Au including 2.9m at 20.2 g/t Au,
and Trench "M", 12.8m at 4.5 g/t Au including 4.1m at 9.13 g/t Au.
Alexander River Background
The 2,669-hectare Alexander River gold prospect encompasses the historic
Alexander gold mine, which reportedly produced 41,091 ounces of gold from
47,726 tonnes of quartz prior to closing in 1943 due to war induced labour
shortages.
In 1988, CRA cleared and sampled historic trenches and adits. The project was
later acquired from CRA by Macraes Mining. Based on CRA's data and limited
drilling, Macraes Mining identified an auriferous halo of sulphide-hosted
mineralization which exists around the early mined reefs with a resource
potential of approximately four million tonnes grading more than five grams per
tonne gold, for approximately 643,000 ounces of gold, as reported in a report
filed with Crown Minerals NZ in 1993. Subsequently, Macraes carried out mapping,
rock chip sampling, and a limited amount of drilling from the Level 6 workings.
The Macraes report is available for viewing on the Company's website at:
http://www.kent-exploration.com/reports/MR3242AlexanderMine1993.pdf
The Company advises that a qualified person has not done sufficient work to
classify the historical estimates as a current mineral resource. The Company is
not treating the historical estimates as a current mineral resource and the
historical estimates should not be relied upon. The Company has retained Dr.
Gerry Ray, Ph.D. P.Geol, to prepare an independent, NI 43-101 Compliant
Geological Report on the Alexander River property.
Kent Exploration NZ Limited has received approval from the NZ Department of
Conservation for the limited, minimum impact, diamond drill program on the
Alexander River property.
Kent Exploration Inc is a junior exploration company that has an approximately
35% interest in, and is the controlling shareholder of, Archean Star Resources
Inc, which has an Option Agreement to earn 100% of Teck's interest in Chalice
Gold Mines Limited's Gnaweeda Gold Project in West Australia. The Company has
also acquired the Alexander River, Paparoa and Lyell gold projects in the highly
prolific Reefton gold field in New Zealand.
The Company has an option to earn a 100% interest in the Silver Hills property,
a silver/ lead/ zinc prospect in south-eastern British Columbia, The Company has
a 100% interest in Coal Prospecting Permits covering approximately 92,000 ha in
east-central Saskatchewan, a 100% interest in a mining lease option on the
Flagstaff Mountain property, a fully permitted mine which is approved to produce
up to 100,000 tons of barite per year, a gold/silver/zinc/barite prospect in
eastern Washington state, a 100% interest in the mining lease option on the
Ivanhoe Creek property, a Midas-style gold/silver target in Nevada's Carlin
Trend, and 50% of a 100% interest in the Ivanhoe Creek placer claims covering a
bentonite deposit.
This News Release has been prepared on behalf of the Kent Exploration Inc. Board
of Directors, which accepts full responsibility for its contents. The content of
this release has been reviewed and approved by Marvin A. Mitchell, P. Eng., a
qualified person as defined by National Instrument 43-101.
CONTACT:
Kent Exploration Inc.
Graeme O'Neill, President
604-684-3394 or Toll free: 1-866-399-6539
www.kent-exploration.com
Investmentpitch.com
Barry Morgan, CFO
bmorgan(at)investmentpitch.com
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: InvestmentPitch via Thomson Reuters ONE
[HUG#1487947]
Unternehmensinformation / Kurzprofil:
Datum: 11.02.2011 - 00:54 Uhr
Sprache: Deutsch
News-ID 51347
Anzahl Zeichen: 5752
contact information:
Kategorie:
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