Kent Exploration Inc.

Published : November 15th, 2012

APPLIES FOR NZ LYELL GOLD PROJECT EXPLORATION PERMIT.

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   1971 | Barite |
logo

Kent Exploration Applies for NZ Lyell Gold Project Exploration Permit

 

Kent Exploration Inc. (KEX: TSX.V), (the "Company" or "Kent") reports that it has applied for an Exploration Permit over a portion of its already permitted Lyell Gold Project that lies approximately 40 km north-east from the town of Westport in New Zealand's ("NZ") highly prolific West Coast, South Island, gold fields..

 

During the 2009 through 2011 work programs at Lyell, the Company essentially confirmed that the area, including the historic Red Queen Mine, the most profitable quartz gold mine in the area, is highly prospective for high-grade gold mineralization. Intermittent mining of the Red Queen Vein ("RQV") between 1885 and 1910 reportedly produced 3,104 ounces of gold from 2,243 tons of ore, at an average grade of approximately 43 g/t (1.4 opt). Intermittent mining also occurred in the mid 1930s to 1941. Since being closed in 1941, the Red Queen Mine has received only minimal attention from explorers.Historic mines in the area include the Red Queen, Red Chief, Southern Light, Andersons Creek Reef, Nile, Swanston, Swastika, South Pacific, Mokihinui, Lady Agnes and Halcyon Mines.

 

The historic Red Queen Mine has good potential to host significant gold mineralization. Historic production records from early mining suggest that the RQV may possess average grades as high as 42.86 g/t (1.4 opt) gold (Table 1).

 

Table 1

Period

Tonnes of Ore

Ounces of Gold Produced

Average Gold Grade (g/t)

1885-1886

1585

2262

44.39

1902-1910

658

842

39.17

Total

2243

3104

42.86 (weighted average)

 

While production records for subsequent mining in the 1930s - 1940s are not available, assay results from sampling are. All available historic assay results for the RQV to-date are listed in Table 2. These assay results indicate bonanza grades of up to 171.48 g/t Au (5.48 opt Au) are present at the Red Queen Mine. Many of the 50 lb representative samples assayed in 1938, and filed with the now NZ Petroleum and Minerals, reportedly deliberately excluded vein material that was seen to contain visible gold and therefore the true gold grades, may be underestimated.

 

Table 2

Year

Sample ID

Location

Notes

Gold (g/t)

1938

-

Payne's Drive, 64ft along x-cut

Grab sample

171.48

1938

-

Payne's Drive, 64ft along x-cut

50lbs rep. sample

18.14

1938

-

Payne's Drive, 64ft along x-cut

50lbs rep. sample

5.51

1938

-

Payne's Drive, S-Drive - 37ft

Grab sample

10.17

1938

-

Payne's Drive, S-Drive - 40ft

Grab sample

2.01

1938

25ft-1

Payne's Drive, S-Drive - 25ft

50lbs rep. sample

17.39

1938

25ft-2

Payne's Drive, S-Drive - 25ft

50lbs rep. sample

18.15

1938

25ft-3

Payne's Drive, S-Drive - 25ft

50lbs rep. sample

17.54

1938

30ft-1

Payne's Drive, S-Drive - 30ft

50lbs rep. sample

4.98

1938

30ft-2

Payne's Drive, S-Drive - 30ft

50lbs rep. sample

5.53

1938

30ft-3

Payne's Drive, S-Drive - 30ft

50lbs rep. sample

5.13

1938

35ft-1

Payne's Drive, S-Drive - 35ft

50lbs rep. sample

2.01

1938

35ft-2

Payne's Drive, S-Drive - 35ft

50lbs rep. sample

2.53

1938

45ft-1

Payne's Drive, S-Drive - 45ft

50lbs rep. sample

10.17

1938

71ft-1

Payne's Drive, S-Drive - 71ft

50lbs rep. sample

1.33

1938

77ft-1

Payne's Drive, S-Drive - 77ft

50lbs rep. sample

79.88

1938

84ft-1

Payne's Drive, S-Drive - 84ft

50lbs rep. sample

84.39

1938

90ft-1

Payne's Drive, S-Drive - 90ft

50lbs rep. sample

3.02

1938

107ft-1

Payne's Drive, S-Drive - 107ft

50lbs rep. sample

53.57

1938

110ft-1

Payne's Drive, S-Drive - 110ft

50lbs rep. sample

11.31

1938

117ft-1

Payne's Drive, S-Drive - 117ft

50lbs rep. sample

3.84

1939

-

Lower Level Drive, x-cut B RQV

Grab sample

65.84

1939

-

Lower Level Drive, x-cut B RQV

Grab sample

91.44

1971

M2

Lower Level Drive, x-cut B RQV

Grab sample

74.96

2009

RXHR00002

Lower Level Drive, x-cut B RQV

Grab sample

69.40

2010

RXHR00020

Lower Level Drive, x-cut B RQV

Repeat: RXHR00002

28.90

2010

RXHR00011

Lower Level Drive, x-cut C RQV

Grab sample

2.94

2011

57223

15m into x-cut A RQV

1m chip

6.87

2011

57234

Lower Level Drive - 170m. RQV

1m chip

0.56

 

The RQV is relatively extensive where it is exposed by the historic workings, and can been traced over approximately 200m along dip and 300m along strike. The RQV is structurally very simple; being planar, trending sub-parallel to the host-rock bedding/foliation (striking approximately north-south and dipping 70-80� west), and featuring only minor amounts of offset along cross-cutting faults. Gold mineralization remains open both up-and down-dip and along strike to the north and south. The two accessible drives, Paynes and Lower Level, were driven approximately 5 - 10 m beside and parallel to the Red Queen vein and have been characterized as production drives.

 

Characteristics of the Red Queen Mine indicate an orogenic, Blackwater-type style of gold mineralization. (Blackwater, south of the town of Reefton and central to the Reefton Gold Field, was mined down to approximately 2,800 ft and reportedly produced approximately 730,000 ounces of gold before it was shut down after a shaft collapse. Historic reports indicate an approximately 300,000 ounce gold resource was identified at the time of the shut down).

The Company advises that the grades reported prior to 2009 are historic in nature, are not NI 43-101 compliant and should not be relied upon. A qualified person has not done sufficient work to classify historical estimates as a current mineral resource and the Company is not treating the historical estimates as a current mineral resource and any historical estimates should not be relied upon.

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

Kent Exploration Inc. is a junior exploration company with a 100% interest in all its major projects, and is planning on building shareholder value through establishing cash flow from its Flagstaff Mountain, WA, barite mine, and then from its now wholly owned bentonite property in Nevada. Any positive cash flow is intended to reduce dilution and fund exploration on its three major gold prospects (Alexander River, Paparoa and Lyell), in the highly prolific West Coast South Island gold fields of New Zealand. Additional shareholder value has been established through its approximately 18% interest in Archean Star Resources Inc, ("Archean") which is listed on the TSX Venture Exchange under the symbol ASP.

The Company has an experienced management and technical team with extensive exploration expertise and offers investors the potential for a major gold discovery on its New Zealand gold projects.

 



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 news release has been reviewed and approved by Dr. Clay Conway, P. Geol., a Qualified Person as recognized by National Instrument NI-43-101 and a director of the Company.

  

  

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.


This email was sent to .com by alan@archeanstar.com |  
Update Profile/Email Address | Instant removal with � | Privacy Policy.
Archean Star Resources Inc. | 410-744 West Hastings St. | Vancouver | British Columbia | V6C 1A5 | Canada
Data and Statistics for these countries : Canada | New Zealand | All
Gold and Silver Prices for these countries : Canada | New Zealand | All

Kent Exploration Inc.

EXPLORATION STAGE
CODE : KEX.V
ISIN : CA07278W1095
CUSIP : 490558103
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Kent Expl. is a gold exploration company based in Canada.

Kent Expl. holds various exploration projects in Canada.

Its main exploration properties are ROSEBUD in USA, SILVER HILL, FLAGSTAFF, IVANHOE CREEK and CASAT LAKE in Canada, GNAWEEDA in Australia and LYELL in New Zealand.

Kent Expl. is listed in Canada. Its market capitalisation is CA$ 1.0 millions as of today (US$ 955 625, € 695 408).

Its stock quote reached its lowest recent point on December 24, 2008 at CA$ 0.03, and its highest recent level on January 15, 2010 at CA$ 2.50.

Kent Expl. has 10 121 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Kent Exploration Inc.
7/5/2011Closes 1st Tranche of Private Placement for $316,250
4/7/2011Closes 1st Tranche of Private Placement for $421,000
1/16/2008 ANNOUNCES $500,000 PRIVATE PLACEMENT
5/11/2007Private Placement
Project news of Kent Exploration Inc.
12/10/2013EXECUTES OPTION AGREEMENT ON BAYHORSE SILVER MINE
12/10/2013EXECUTES PROPERTY DISPOSAL AGREEMENTCc:
11/7/2013ENTERS INTO LETTER AGREEMENT ON BAYHORSE SILVER MINE
5/28/2013(Flagstaff)notes graphitic occurrences at flagstaff WA project
11/13/2012(Lyell)Applies for NZ Lyell Gold Project Exploration Permit
10/30/2012Reports On Archean Star Acquisition
9/27/2012from Kent Exploration Inc.
9/14/2011Archean Star Resources News Release
7/16/2011Jay Taylor puts a buy recommendation on Kent Exploration
6/14/2011(Lyell)s Lyell Gold Project in New Zealand
6/2/2011(Flagstaff)s Flagstaff Mountain Barite Project
2/9/2009(Reefton Project)Options CanAlaska Reefton Gold Property
7/17/2008(Flagstaff)Mining Permit Application On Flagstaff, Wa, Property
2/6/2008(Flagstaff)Flagstaff, WA Property - Drill Results
1/23/2008(Flagstaff)FLAGSTAFF PROPERTY, WA - PRELIMINARY QEMSCAN ANALYSIS RECEIV...
1/14/2008(Ivanhoe Creek)STAKES ADDITIONAL IVANHOE CREEK PROPERTY
Corporate news of Kent Exploration Inc.
11/22/2013ANNOUNCES NON-BROKERED PRIVATE PLACEMENT, AND COMPLETION OF ...
11/12/2013ANNOUNCES PLAN OF ARRANGEMENT IN CONJUNCTION WITH AGM.
5/13/2013Files Alexander Gold Mine NI-43-101 Report
2/19/2013Clarifies Alexander River Disclosure
1/18/2013News Release
1/7/2013News Release
10/11/2012Announces Record Date for Consolidation
4/18/2012News Release
4/12/2012News Release
3/16/2012Announcement
1/16/2012Video and Cambridge House Invite
1/12/2012Shareholder Update
8/5/2011News Release
4/18/2011News Release
4/13/2011Increases Private Placement to 7.71 Million Units and Closes...
3/24/2011Reports Archean Star Resources (TSX VENTURE:ASP) To Commence...
3/10/2011Commences Alexander River Diamond Drill Program
3/1/2011Archean Star Resources Inc Received Conditional Listing Acce...
11/6/2008Receives First 24 Coal Prospecting Permits
7/29/2008Applies For Additional 37,120 HA Of Coal Disposition Permits
7/15/2008Applies For Additional 43,776 HA Of Coal Disposition Permits
5/14/2008Saskatchewan Coal Permit Applications Made
10/29/2007 Flagstaff Drill Program Commences
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (KEX.V)
0.100+0.00%
TSX-V
CA$ 0.100
12/13 15:31 -
0%
Prev close Open
0.100 0.100
Low High
0.100 0.100
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.100 -%
Volume 1 month var.
11,500 -%
24hGold TrendPower© : 27
Produces
Develops
Explores for Gold - Lead - Silver
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 11/24/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.87+2.34%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.04+1.38%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.54-2.53%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.52+6.78%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 16.05+2.62%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+2.13%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19-7.32%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.90+1.60%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 51.43-0.46%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+0.00%Trend Power :