Knight Resources Ltd

Published : April 10th, 2007

8,000 metre drill program on West Raglan Project

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Keywords :   Canada | Copper | Nickel |
 
  PRESS RELEASE
 
 
Knight Resources Ltd.
TSX VENTURE:KNPStock QuoteStock Chart
FRANKFURT:KRL
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April 9, 2007
 
Knight Resources Ltd.: Corporate Update
 
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 9, 2007) - Harvey Keats, Chief Executive Officer of Knight Resources Ltd. (TSX VENTURE:KNP)(FRANKFURT:KRL), reports that the Company will be undertaking an 8,000 metre drill program on its West Raglan Project, located in northern Quebec. The drill program will be focused on the Greater Frontier Area where the mineralization discovered to date and the geological setting are similar to Xstrata Nickel's Raglan Mine, located approximately 100 km to the east. Drilling is expected to commence in mid-June. The program is designed to investigate the continuation of previously encountered nickel mineralization that occurs in 6 zones over a 4.5 kilometre strike length. The total cost of the program is expected to be approximately $4,500,000.

The 2006 Program resulted in a breakthrough in the understanding of the complex geological picture in the Greater Frontier Area. The Greater Frontier Area is characterized by a swarming of ultramafic intrusions along the Raglan Horizon. Three Dimensional Magnetic inversion analyses suggest a much greater volume of ultramafic rocks in the Greater Frontier Area than was previously interpreted.

Discrete mineralized lenses in restricted troughs at the base of steeply dipping ultramafic units have been outlined near surface at Century, Frontier South and Frontier Central. Limited drilling down-dip from known zones and in ultramafic units in the footwall of known zones has intersected mineralization and points to the potential for additional mineralized troughs at the base of ultramafic units. A table of West Raglan Project drilling highlights from 2003 to 2006, including the Company's discovery hole WR-03-08 which intersected 14.75 metres of 3.04% nickel and 1.13% copper and the best hole WR-03-16 which intersected 5.12 metres of 4.16% nickel and 1.64% copper, including a 0.67 metre intersection of 11.83% nickel and 2.03% copper, can be viewed on the Company's web site at www.knightresources.ca/Brochure/2007/KNP%20Brochure%20April%202007.pdf.

The objective of the 2007 Program will be to discover new lenses down-dip and along strike at the base of numerous mapped and interpreted ultramafic units throughout the Greater Frontier Area.

The 2007 field program will be carried out by Anglo American Exploration (Canada) Ltd. (AAEC), the operator of the West Raglan Project. The West Raglan Project is funded 51% by AAEC and 49% by Knight. The West Raglan project covers over 720 sq. km and includes approximately 65 kilometres of the Raglan Horizon along which extensive ultramafic rocks typically occur. Numerous early stage nickel targets occur along this horizon over the West Raglan Project with the best results to date encountered in the Greater Frontier Area.

ON BEHALF OF THE BOARD OF KNIGHT RESOURCES LTD.

Harvey Keats, Chief Executive Officer


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
 
  CONTACT INFORMATION
 
Knight Resources Ltd.
Harvey Keats
Chief Executive Officer
(604) 684-6535 or Toll Free: 1-877-KNIGHT5
Fax: (604) 602-9311
Email: knight@bed-rock.com
Website: www.knightresources.ca

INDUSTRY: Manufacturing and Production - Mining and Metals

Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Knight Resources Ltd

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CODE : KNP.V
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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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