Knight Resources Ltd

Published : June 22nd, 2009

Surface Exploration Program Begins at West Raglan

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Keywords :   Market Conditions | Nickel |

 

 

 

 

 

Knight Resources Ltd.

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KNP

 

 

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KRL

 

 

 

 

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June 22, 2009

Knight Resources Ltd.: Surface Exploration Program Begins at West Raglan

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 22, 2009) - Mr. Harvey Keats, Chief Executive Officer of Knight Resources Ltd. (TSX VENTURE:KNP)(FRANKFURT:KRL), reports that Anglo American Exploration (Canada) Ltd. has approved a $3.5 million dollar exploration program for nickel- copper- PGE mineralization on the West Raglan joint venture project in Northern Quebec to be conducted during the summer of 2009. The Company has decided not to fund its share of this program and will dilute from its current 49% interest in the Joint Venture to approximately 45% rather than suffer significant equity dilution as a result of current market conditions. However Knight is committed to the West Raglan Project and the potential for more discoveries.

The program will consist of surface geophysical surveys utilizing conventional EM, Squid EM and magnetic instrumentation in conjunction with geological and geochemical surveys on the extensive occurrences of ultramafic rocks that occur throughout the 710 square kilometre joint venture property. The objective of the program is to develop a pipeline of new drill-ready targets outside of the Frontier mineralized area. This entails 1) evaluating and surveying the ultramafic rocks within the 65 kilometre length of the Raglan trend covered on the West Raglan property and 2) investigating selected areas of ultramafic rocks in the Povungnituk group in the southern parts of the property.

Knight will continue to be actively involved with the program during this period of non-participation. The 2009 program has just begun.

General Information

The West Raglan Project is a joint venture between AAEC and Knight. The West Raglan Project in Northern Quebec covers over 710 square kilometres and includes approximately 65 kilometres of the Raglan Horizon along which extensive ultramafic rocks typically occur and a large area of the Povungnituk Group which also contains abundant ultramafic rocks. AAEC is the operator of the West Raglan Project and is responsible for the sampling, submittal of samples for assay and QA/QC. Robin Adair, VP of Exploration, is the Qualified Person responsible for the technical information in this news release.

ON BEHALF OF THE BOARD OF KNIGHT RESOURCES LTD.

Harvey Keats, CEO


Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

 

CONTACT INFORMATION:

Knight Resources Ltd.
Harvey Keats
CEO
(604) 684-6535
Fax: (604) 602-9311
knight@bed-rock.com
www.knightresources.ca

INDUSTRY: Manufacturing and Production - Mining and Metals

 

 

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Knight Resources Ltd

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Knight Resources is a copper and nickel exploration company based in Canada.

Its main exploration property is WEST RAGLAN in Canada.

Knight Resources is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 19.0 millions as of today (US$ 19.1 millions, € 14.5 millions).

Its stock quote reached its highest recent level on December 31, 2004 at CA$ 1.30, and its lowest recent point on December 24, 2010 at CA$ 0.03.

Knight Resources has 45 250 000 shares outstanding.

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Corporate Presentations of Knight Resources Ltd
8/20/2007Hotsheet for 8/20/2007
Annual reports of Knight Resources Ltd
2007 Annual report
Financings of Knight Resources Ltd
5/19/2010: Balance of Non-Brokered Private Placement Closes
3/26/2010$600,000 Private Placement
12/7/2009 Private Placement Update
12/4/2007Final Closing of $4 Million Private Placement
6/6/2007$2.6 Million Private Placement Closes
5/16/2007Private Placement Increased to $2.6 Million
4/11/2007$1.2 Million Private Placement
Project news of Knight Resources Ltd
6/22/2009(West Raglan)Surface Exploration Program Begins at West Raglan
11/25/2008(West Raglan)3.21% Nickel, 1.32% Copper Over 28.28 Metres Intersected at ...
3/3/2008(West Raglan)Reports Remaining Results From West Raglan; Expanded 2008 Pr...
8/8/2007(West Raglan)New Discovery at West Raglan-Seahawk
8/8/2007(West Raglan)New Discovery at West Raglan-Seahawk: 3.50 Metres of 3.22%
7/25/2007(West Raglan)28.65 Metres of 1.06% Nickel and 5.90 Metres of 2.98
6/15/2007(West Raglan)Exploration Program Underway at West Raglan
4/10/2007(West Raglan)8,000 metre drill program on West Raglan Project
Corporate news of Knight Resources Ltd
4/27/2010 $567,621 Financing
11/6/2009MULTIPLE NEW DRILL TARGETS DEFINED ON RESULTS OF 2009 FIELD ...
6/19/2008: 2008 Exploration Program Underway at West Raglan
6/19/2008Hotsheet for 6/19/2008
3/6/2008Hotsheet for 3/5/2008
1/21/2008Corporate Update
12/21/2007Hotsheet for 12/20/2007
12/20/2007West Raglan: 2.72% Nickel Over 7.30 Metres Intersected in
11/8/2007Hotsheet for 11/7/2007
10/24/2007 Additional Assays From West Raglan Pending
10/3/2007: Net-Textured and Disseminated Sulphides Intersected at Wes...
8/3/2007David Gower Joins Knight's Board of Directors
3/24/2007Corporate Update
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