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Kent Exploration Inc. (the
"Company" or "Kent") (TSX VENTURE:KEX - News) reports that its wholly
owned subsidiary, Archean Star Resources Australia
Pty Ltd ("Archean") has commenced a 2nd
phase diamond drill program on the Bunarra Prospect
at the Gnaweeda Gold Project, Meekatharra,
Western Australia which it holds under option from Teck
Australia Pty Ltd. ("Teck").
The first segment of the 2nd phase
diamond drill program, under the direction of Dr. Clay Conway, P.Geol.,
is intended to follow up on the high grade gold intersection at the Bunarra Prospect, where mineralization remains open along
strike and down dip. Archean has identified
mineralization to depths of over 200 meters, (660 ft) with the most
significant intersection being drill hole BN003, a 18 meter (59 ft)
intersection averaging 11.71 g/t Au that includes 4 meters (13 ft) at 37.76
g/t Au, (inclusive of a 1 meter intersection (3.3 ft) averaging 110.1 g/t
Au), 1 meter (3.3 ft) at 24.2 g/t Au and 3m (10 ft) at 7.09 g/t Au.
The 17,000 ha (42,000 acre) Gnaweeda Gold Project consists of several gold prospects,
including Turnberry in the north, which has an
identified gold-bearing zone approximately 2.5 km (1.65 miles) along strike
and 750 meters (0.46 miles) in width, St. Anne's, and Bunarra
in the south, as well as other known gold-bearing prospects. Eleven
additional targets have been identified based upon geophysical data. The
property lies approximately 640 km (400 miles) northeast of Perth and 35 km
(22 miles) northeast of Meekatharra, and comprises
a package of two exploration licenses over a strike length of 28 km (17.5
miles) of the Gnaweeda Greenstone Belt.
Kent Exploration Inc is a junior
exploration company that has an Option Agreement to earn 100% of Teck Australia Pty Ltd.'s
interest in Chalice Gold Mines Limited's Gnaweeda
Gold Project in West Australia, subject to a 75% back-in right to Teck and has 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, and has a 100% interest in the Courtney Lake
property, a silver/lead/zinc prospect in north-east Saskatchewan. 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 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 contents of this release have been
reviewed and approved by Marvin A. Mitchell, a Qualified Person and defined
by National Instrument NI-43-10.
ON BEHALF OF THE BOARD
Graeme O'Neill, President
Forward Looking Statements
Certain statements herein constitute
forward-looking statements within the meaning of applicable securities
legislation. Forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause actual results, performance or
achievements of Kent to be materially different from any future results,
performance or achievements expressed or implied by such forward- looking
statements or information.
Although management believes that the
assumptions made and the expectations represented by such statements or
information are reasonable, there can be no assurance that a forward-looking
statement will prove to be accurate. Forward-looking statements by their
nature are based on assumptions and involve known and unknown risks,
uncertainties and other factors which may cause our actual results,
performance or achievements to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements. There can be no assurance that forward-looking
statements will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking
statements or information. All forward-looking statements made herein are
qualified by this cautionary statement.
The TSX Venture Exchange has not
reviewed and does not accept responsibility for the adequacy or accuracy of
this news release.
Contact:
Graeme O'Neill
Kent Exploration Inc.
President
604-684-3394 or Toll free: 1-866-399-6539
1-888-282-7763 (FAX)
www.kent-exploration.com |