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Knight Resources Ltd

Publié le 08 août 2007

New Discovery at West Raglan-Seahawk: 3.50 Metres of 3.22%

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Mots clés associés :   Canada | Cobalt | Copper | Nickel | Palladium |

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Knight Resources Ltd.
TSX VENTURE:KNP
FRANKFURT:KRL
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August 8, 2007
Knight Resources Ltd./New Discovery at West Raglan-Seahawk: 3.50 Metres of 3.22% Nickel and 1.93% Copper, Including 1.05 Metres of 8.60% Nickel and 3.41% Copper
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 8, 2007) - Mr. Harvey Keats, Chief Executive Officer of Knight Resources Ltd. (TSX VENTURE:KNP)(FRANKFURT:KRL), reports the results of the second set of assays from drilling completed at West Raglan during the 2007 season. Disseminated, net textured and massive sulphides intersected in diamond drill hole WR-07-130 occur in ultramafic rock and average 3.22% nickel, 1.93% copper, 0.99 g/t platinum and 3.35 g/t palladium over 3.50 metres from 152.0 to 155.50 metres, including 8.60% nickel, 3.41% copper, 2.53 g/t platinum and 9.10 g/t palladium from 152.95 to 154.00 metres.

This new mineralization occurs at the base of an ultramafic unit interpreted to be the same unit that, to the west, hosts mineralization at Century (750 metres west), Frontier South (545 metres west) as well as the new mineralization encountered in WR-07-128 (588 metres west - News release July 25, 2007). In the area of drill hole WR-07-130, a separate ultramafic unit that occurs stratigraphically below and to the south of this new discovery hosts nickel mineralization identified in 2004 as the Seahawk zone. The ultramafic units that host this new mineralization and the Seahawk zone are part of the Greater Frontier Area which is characterized by a swarming of mineralized ultramafic intrusions that occur over a 6 kilometre strike length along the "Raglan Horizon" (see www.knightresources.ca)

Drilling is planned to follow up the discoveries in WR-07-128 and WR-07-130 during the 2007 program.

Two rigs are currently operating on the West Raglan Project as part of an 8,000 metre diamond drill program. Additional assays from the 2007 program are expected in the coming weeks. Samples from additional holes are in the laboratory and assays will be released as they become available.

The West Raglan Project is a joint venture between Anglo American Exploration (Canada) Ltd. ("AAEC") (51%) and Knight (49%). The West Raglan Project, Quebec covers over 720 sq. km and includes approximately 65 kilometres of the "Raglan Horizon" along which extensive ultramafic rocks typically occur. The geological setting is identical to the belt hosting Xstrata Nickel's Raglan deposits where Xstrata announced exceptional exploration results on August 7, 2007.

AAEC is the operator of the West Raglan Project and is responsible for the sampling, submittal of samples for assay and QA/QC. Assaying of samples reported in this news release was carried out and certified by ALS Chemex, of Vancouver, BC (nickel, copper, cobalt and sulphur (Total) by sodium peroxide fusion followed by ICP-AES) (Pb-FA for platinum, palladium and gold). Sample preparation was done by ALS Chemex of Vancouver, British Columbia. Robin Adair, VP of Exploration, is the Qualified Person responsible for the technical information in this news release.


---------------------------------------------------------------------------
            UTM                             Core
       Location     Angle/                Length
Hole     NAD 83     Direc-                Length             Pt    Pd
Number  Zone 18      tion    From     To (metres) Ni%  Cu% (g/t) (g/t)   S%
---------------------------------------------------------------------------
WR-07-  443925E,      -60  152.00 155.50    3.50 3.22 1.93 0.99  3.35 11.83
130    6802950N   degrees/  
                      180
                  degrees
-------         -----------------------------------------------------------
inclu-                     152.95 154.00    1.05 8.60 3.41 2.53  9.10 30.20
ding              
---------------------------------------------------------------------------
(i)True thickness is unknown but is interpreted to be greater than 85% of
    the core length
 
ON BEHALF OF THE BOARD OF KNIGHT RESOURCES LTD.

Harvey Keats, CEO


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
CEO
(604) 684-6535
Fax: (604) 602-9311
Email: knight@bed-rock.com
Website: www.knightresources.ca

INDUSTRY: Manufacturing and Production - Mining and Metals

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Knight Resources Ltd

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Knight Resources est une société d’exploration minière de cuivre et de nickel basée au Canada.

Son principal projet en exploration est WEST RAGLAN au Canada.

Knight Resources est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 19,0 millions CA$ (19,1 millions US$, 14,5 millions €).

La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2004 à 1,30 CA$, et son plus bas niveau récent le 24 décembre 2010 à 0,03 CA$.

Knight Resources possède 45 250 000 actions en circulation.

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Présentations des Compagnies de Knight Resources Ltd
20/08/2007Hotsheet for 8/20/2007
Rapports annuels de Knight Resources Ltd
2007 Annual report
Financements de Knight Resources Ltd
19/05/2010: Balance of Non-Brokered Private Placement Closes
26/03/2010$600,000 Private Placement
07/12/2009 Private Placement Update
04/12/2007Final Closing of $4 Million Private Placement
06/06/2007$2.6 Million Private Placement Closes
16/05/2007Private Placement Increased to $2.6 Million
11/04/2007$1.2 Million Private Placement
Projets de Knight Resources Ltd
22/06/2009(West Raglan)Surface Exploration Program Begins at West Raglan
25/11/2008(West Raglan)3.21% Nickel, 1.32% Copper Over 28.28 Metres Intersected at ...
03/03/2008(West Raglan)Reports Remaining Results From West Raglan; Expanded 2008 Pr...
08/08/2007(West Raglan)New Discovery at West Raglan-Seahawk
08/08/2007(West Raglan)New Discovery at West Raglan-Seahawk: 3.50 Metres of 3.22%
25/07/2007(West Raglan)28.65 Metres of 1.06% Nickel and 5.90 Metres of 2.98
15/06/2007(West Raglan)Exploration Program Underway at West Raglan
10/04/2007(West Raglan)8,000 metre drill program on West Raglan Project
Communiqués de Presse de Knight Resources Ltd
27/04/2010 $567,621 Financing
06/11/2009MULTIPLE NEW DRILL TARGETS DEFINED ON RESULTS OF 2009 FIELD ...
19/06/2008: 2008 Exploration Program Underway at West Raglan
19/06/2008Hotsheet for 6/19/2008
06/03/2008Hotsheet for 3/5/2008
21/01/2008Corporate Update
21/12/2007Hotsheet for 12/20/2007
20/12/2007West Raglan: 2.72% Nickel Over 7.30 Metres Intersected in
08/11/2007Hotsheet for 11/7/2007
24/10/2007 Additional Assays From West Raglan Pending
03/10/2007: Net-Textured and Disseminated Sulphides Intersected at Wes...
03/08/2007David Gower Joins Knight's Board of Directors
24/03/2007Corporate Update
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