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Cours Or & Argent

Kent Exploration Inc.

Publié le 18 avril 2011

News Release

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Mots clés associés :   Canada | Zinc |

 

 

18 April 2011                                                                                                 

  

Kent updates drilling at Alexander River Gold Project applies for exploration permit

 

Kent Exploration Inc. (the "Company" or "Kent") reports that due to encouraging results from its 2010 - 2011 work program that generally supports the potential of the Alexander River Project to host economic gold mineralization, it has applied to Crown Minerals New Zealand for an Exploration Permit over a portion of its current Prospecting Permit in order to conduct in depth exploration activities. The 2,669 ha Alexander River Gold Project is approximately 25 kilometers southeast of Reefton, West Coast, South Island, New Zealand.

 

During the 2010 - 2011work program, the Company's geological consultants, under the direction of Dr. Clay Conway, Ph.D. P.Geol., followed up the work, including an IP survey, conducted by the Company in early 2010 where significant assays, as previously reported from trenching and sampling, 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.

 

The recent work program consisted of detailed geological and structural mapping in conjunction with trenching over mapped soil anomalies and sampling along and parallel to the known mineralized zone. Trench 11-3 tested a soil anomaly approximately 200 meters to the north of the known mineralized zone, where sampling along a 6.4-meter interval identified anomalous gold grading an average of 0.48 g/t Au.

 

Highest assays were returned from samples near old workings and one sample from Mullocky creek, to the northeast along strike from the workings, assayed 3.53 g/t Au. Sample AX001 was taken approximately 50 m northwest of the main Bruno trend in close proximity to trench 11-3. The results are tabulated below.

 

Sample Location

Sample

Width

Gold grade g/t Au

Bruno2

Grab

N/A

15.30

Bruno2

Grab

N/A

12.60

Bruno1

Grab

N/A

8.39

Bruno

Grab

N/A

5.47

Mullocky

Grab

N/A

3.53

AX001

Grab

N/A

2.30

Bruno2

Grab

N/A

1.82

Trench 11-3

Trench

6.4m

0.48

 

 

The up to 3,000 meter minimum impact diamond drill program, that is currently underway, is targeting areas identified by the IP survey that appear to conform in part to the mineralized trend but also identify broad parallel areas.  The diamond drilling is testing the IP anomalies, gold soil anomalies, and zones at depth beneath old workings. Historically gold was produced only from gold veins at approximately 27.68 g/t Au (0.86 ounces/tonne).  Previous and current exploration, including drilling, shows that gold mineralization extends considerably beyond the quartz veins in general association with pyrite and arsenopyrite.  The current diamond drill program is projected to continue until late fall.

 

At the Alexander Gold Project, trenches and adits are located intermittently along a gold-mineralized trend over a strike length of approximately 1.2 km, above or within a series of pre-1943 mine workings. A less explored mineralized zone is estimated to extend north-easterly for an additional 1.3 km.

 

Alexander River Exploration 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 labor 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 quartz veins 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 Company advises that a qualified person has not done sufficient work to classify the historical estimates as a current mineral resource and the Company is not treating the historical estimates as a current mineral resource and the historical estimates should not be relied upon.

 

Frankfurt Exchange

The Company reports it is now trading on the Frankfurt Exchange under the symbol 7KX

 

***********************************************************************

Kent Exploration Inc. is a junior exploration company that has an approximate 35% interest in, and is the controlling shareholder of, Archean Star Resources Inc, ("Archean") which is listed on the TSX Venture Exchange under the symbol ASP.  Archean's wholly owned subsidiary, Archean Star Resources Australia, Pty, Ltd, ("ASRA") has an Option Agreement, subject to a 75% back in right, 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 NI-43-101.

ON BEHALF OF THE BOARD

"Graeme O'Neill"

Graeme O'Neill, President

 

Neither the TSX Venture Exchange, nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), has reviewed, nor do they 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
Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Kent Exploration Inc.

EXPLORATEUR
CODE : KEX.V
ISIN : CA07278W1095
CUSIP : 490558103
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Kent Expl. est une société d’exploration minière d'or basée au Canada.

Kent Expl. détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont ROSEBUD en USA, SILVER HILL, FLAGSTAFF, IVANHOE CREEK et CASAT LAKE au Canada, GNAWEEDA en Australie et LYELL en Nouvelle-Zelande.

Kent Expl. est cotée au Canada. Sa capitalisation boursière aujourd'hui est 1,0 millions CA$ (955 625 US$, 695 408 €).

La valeur de son action a atteint son plus bas niveau récent le 24 décembre 2008 à 0,03 CA$, et son plus haut niveau récent le 15 janvier 2010 à 2,50 CA$.

Kent Expl. possède 10 121 000 actions en circulation.

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Financements de Kent Exploration Inc.
05/07/2011Closes 1st Tranche of Private Placement for $316,250
07/04/2011Closes 1st Tranche of Private Placement for $421,000
16/01/2008 ANNOUNCES $500,000 PRIVATE PLACEMENT
11/05/2007Private Placement
Projets de Kent Exploration Inc.
10/12/2013EXECUTES OPTION AGREEMENT ON BAYHORSE SILVER MINE
10/12/2013EXECUTES PROPERTY DISPOSAL AGREEMENTCc:
07/11/2013ENTERS INTO LETTER AGREEMENT ON BAYHORSE SILVER MINE
28/05/2013(Flagstaff)notes graphitic occurrences at flagstaff WA project
13/11/2012(Lyell)Applies for NZ Lyell Gold Project Exploration Permit
30/10/2012Reports On Archean Star Acquisition
27/09/2012from Kent Exploration Inc.
14/09/2011Archean Star Resources News Release
16/07/2011Jay Taylor puts a buy recommendation on Kent Exploration
14/06/2011(Lyell)s Lyell Gold Project in New Zealand
02/06/2011(Flagstaff)s Flagstaff Mountain Barite Project
09/02/2009(Reefton Project)Options CanAlaska Reefton Gold Property
17/07/2008(Flagstaff)Mining Permit Application On Flagstaff, Wa, Property
06/02/2008(Flagstaff)Flagstaff, WA Property - Drill Results
23/01/2008(Flagstaff)FLAGSTAFF PROPERTY, WA - PRELIMINARY QEMSCAN ANALYSIS RECEIV...
14/01/2008(Ivanhoe Creek)STAKES ADDITIONAL IVANHOE CREEK PROPERTY
Communiqués de Presse de Kent Exploration Inc.
22/11/2013ANNOUNCES NON-BROKERED PRIVATE PLACEMENT, AND COMPLETION OF ...
12/11/2013ANNOUNCES PLAN OF ARRANGEMENT IN CONJUNCTION WITH AGM.
13/05/2013Files Alexander Gold Mine NI-43-101 Report
19/02/2013Clarifies Alexander River Disclosure
18/01/2013News Release
07/01/2013News Release
11/10/2012Announces Record Date for Consolidation
18/04/2012News Release
12/04/2012News Release
16/03/2012Announcement
16/01/2012Video and Cambridge House Invite
12/01/2012Shareholder Update
05/08/2011News Release
18/04/2011News Release
13/04/2011Increases Private Placement to 7.71 Million Units and Closes...
24/03/2011Reports Archean Star Resources (TSX VENTURE:ASP) To Commence...
10/03/2011Commences Alexander River Diamond Drill Program
01/03/2011Archean Star Resources Inc Received Conditional Listing Acce...
06/11/2008Receives First 24 Coal Prospecting Permits
29/07/2008Applies For Additional 37,120 HA Of Coal Disposition Permits
15/07/2008Applies For Additional 43,776 HA Of Coal Disposition Permits
14/05/2008Saskatchewan Coal Permit Applications Made
29/10/2007 Flagstaff Drill Program Commences
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