Kent Exploration Inc.

Published : January 18th, 2013

News Release

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January 18, 2013

  

News release                                                                                                     KEX2013-01

 

Kent Exploration Inc Announces Exploration Permit Granted on Lyell Gold Project in New Zealand

 

Kent Exploration Inc. (the "Company" or "Kent") reports that New Zealand Petroleum & Minerals ("NZPAM") has granted the Company an Exploration Permit over a portion of the Company's Lyell Gold Project that lies within the highly prolific Westcoast Gold Fields of the South Island of New Zealand.

During the 2009 through 2011 work programs at Lyell, the Company essentially confirmed that the area, including the historic Red Queen Mine, the most profitable quartz-vein gold mine in the area, is highly prospective for high-grade gold mineralization. A work program on Lyell is planned from January through March, 2013.

 

The historic Red Queen Mine has excellent potential to host significant gold mineralization.  Historic production records from early mining suggest that the Red Queen Vein (RQV) may possess average grades as high as 42.86 g/t (1.4 opt) gold (Table 1).

 

Table 1

Period

Tonnes of Ore

Ounces of Gold Produced

Average Gold Grade (g/t)

1885-1886

1,585

2,262

44.39

1902-1910

658

842

39.17

Total

2,243

3,104

42.86 (weighted average)

 

While production records for subsequent mining in the 1930s - 1940s are not available, historic assay results from sampling are. These historic assay results, as reported in the Company's news release KEX2012-09, indicate bonanza grades of up to 171.48 g/t Au (5.48 opt Au) are present at the Red Queen Mine.

 

The RQV is relatively extensive where it is exposed by the historic workings, and can been traced over an approximately 300m along strike and 200m down dip. Gold mineralization remains open both up-and down-dip and along strike to the north and south.  The two accessible drives, Payne's, approximately 200 meters in length, and Lower Level, approximately 170 meters in length, were driven parallel to the RQV with cross cuts to the vein.

 

 

The Company advises that all grades reported are historic in nature and as such, are not NI 43-101 compliant. 

  

 

Kent Exploration Inc is a junior exploration company with interests in the Alexander River, Paparoa and Lyell gold projects in the highly prolific Reefton gold field in New Zealand. It holds approximately 10,000,000 common shares of Archean Star Resources Inc, which has recently acquired an interest in the Monitor, high grade, copper-gold project in the Coeur D'Alene Mining District, Idaho, and has a 100% interest in a mining lease on the fully permitted Flagstaff Barite Mine.

This News Release has been prepared on behalf of the Kent Exploration Inc. Board of Directors, which accepts full responsibility for its contents. The contents of this news release has been reviewed and approved by Dr. Clay Conway, Prof. Geol., a Qualified Person as recognized by National Instrument NI-43-101 and a director of the Company.

ON BEHALF OF THE BOARD

"Graeme O'Neill"

Graeme O'Neill, President                                                                 

 

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release

 

 

 

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Kent Exploration Inc | 410-744 West Hastings St. | Vancouver | British Columbia | V6C 1A5 | Canada
Data and Statistics for these countries : Canada | New Zealand | All
Gold and Silver Prices for these countries : Canada | New Zealand | All

Kent Exploration Inc.

EXPLORATION STAGE
CODE : KEX.V
ISIN : CA07278W1095
CUSIP : 490558103
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Kent Expl. is a gold exploration company based in Canada.

Kent Expl. holds various exploration projects in Canada.

Its main exploration properties are ROSEBUD in USA, SILVER HILL, FLAGSTAFF, IVANHOE CREEK and CASAT LAKE in Canada, GNAWEEDA in Australia and LYELL in New Zealand.

Kent Expl. is listed in Canada. Its market capitalisation is CA$ 1.0 millions as of today (US$ 955 625, € 695 408).

Its stock quote reached its lowest recent point on December 24, 2008 at CA$ 0.03, and its highest recent level on January 15, 2010 at CA$ 2.50.

Kent Expl. has 10 121 000 shares outstanding.

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Financings of Kent Exploration Inc.
7/5/2011Closes 1st Tranche of Private Placement for $316,250
4/7/2011Closes 1st Tranche of Private Placement for $421,000
1/16/2008 ANNOUNCES $500,000 PRIVATE PLACEMENT
5/11/2007Private Placement
Project news of Kent Exploration Inc.
12/10/2013EXECUTES OPTION AGREEMENT ON BAYHORSE SILVER MINE
12/10/2013EXECUTES PROPERTY DISPOSAL AGREEMENTCc:
11/7/2013ENTERS INTO LETTER AGREEMENT ON BAYHORSE SILVER MINE
5/28/2013(Flagstaff)notes graphitic occurrences at flagstaff WA project
11/13/2012(Lyell)Applies for NZ Lyell Gold Project Exploration Permit
10/30/2012Reports On Archean Star Acquisition
9/27/2012from Kent Exploration Inc.
9/14/2011Archean Star Resources News Release
7/16/2011Jay Taylor puts a buy recommendation on Kent Exploration
6/14/2011(Lyell)s Lyell Gold Project in New Zealand
6/2/2011(Flagstaff)s Flagstaff Mountain Barite Project
2/9/2009(Reefton Project)Options CanAlaska Reefton Gold Property
7/17/2008(Flagstaff)Mining Permit Application On Flagstaff, Wa, Property
2/6/2008(Flagstaff)Flagstaff, WA Property - Drill Results
1/23/2008(Flagstaff)FLAGSTAFF PROPERTY, WA - PRELIMINARY QEMSCAN ANALYSIS RECEIV...
1/14/2008(Ivanhoe Creek)STAKES ADDITIONAL IVANHOE CREEK PROPERTY
Corporate news of Kent Exploration Inc.
11/22/2013ANNOUNCES NON-BROKERED PRIVATE PLACEMENT, AND COMPLETION OF ...
11/12/2013ANNOUNCES PLAN OF ARRANGEMENT IN CONJUNCTION WITH AGM.
5/13/2013Files Alexander Gold Mine NI-43-101 Report
2/19/2013Clarifies Alexander River Disclosure
1/18/2013News Release
1/7/2013News Release
10/11/2012Announces Record Date for Consolidation
4/18/2012News Release
4/12/2012News Release
3/16/2012Announcement
1/16/2012Video and Cambridge House Invite
1/12/2012Shareholder Update
8/5/2011News Release
4/18/2011News Release
4/13/2011Increases Private Placement to 7.71 Million Units and Closes...
3/24/2011Reports Archean Star Resources (TSX VENTURE:ASP) To Commence...
3/10/2011Commences Alexander River Diamond Drill Program
3/1/2011Archean Star Resources Inc Received Conditional Listing Acce...
11/6/2008Receives First 24 Coal Prospecting Permits
7/29/2008Applies For Additional 37,120 HA Of Coal Disposition Permits
7/15/2008Applies For Additional 43,776 HA Of Coal Disposition Permits
5/14/2008Saskatchewan Coal Permit Applications Made
10/29/2007 Flagstaff Drill Program Commences
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