To Shareholders and Investors,
Kent Exploration Inc (the "Company") reports it has entered into an Option Agreement with CanAlaska Uranium Ltd, to acquire 70% of CanAlaska's Reefton, NZ, Gold Project. Historic production from the Reefton gold camp is reported as approximately 10 million ounces of placer gold and 2 million ounces of lode gold. Of the lode gold, approximately 1.4 million ounces was recovered from 2 mines, the Blackwater, which had a reported recovery of 740,000 ounces at 11 gpt and which was closed in 1951 due to a shaft collapse, and the Globe Progress, which had a reported recovery of 416,000 ounces at 12 gpt. Both of these historic mines abut the eastern edge of the Company's optioned property.
The historic Globe Progress mine has since been converted into an open pit mine where Oceana Gold is currently mining approximately 50,000 ounce au per year at a reported grade of 2 gpt. A graphic showing the historic Reefton gold field and the property can be viewed at http://www.kent-exploration.com/reefton.html
The Company also announces a 2.5 million unit private placement which consists of one common share and one common share purchase warrant, exercisable for one year at 11 cents. The entire news release can be viewed at http://www.kent-exploration.com/news/2009/KEX2009-01.pdf
Graeme O'Neill
President
Ph: 604-684-3394, Fax: 888-282-7763
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Kent Exploration Inc.
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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. |