Kent Receives Alexander River Gold Assays
Wednesday 13 January 2010, 8:22AM
By Kent Exploration Inc
852 views
Kent Exploration Inc. (TSX VENTURE: KEX) reports that through its wholly owned subsidiary, Kent Exploration NZ Ltd (together, the "Company" or "Kent"), it has received assay results from the recently completed first phase trench sampling program on the Company's Alexander River Gold Project, approximately 25 kilometers southeast of Reefton, West Coast, South Island, New Zealand.
Significant assay results include trench "F", 3.2m at 24.6 g/t Au including 1.9m at 40.38 g/t Au, trench "A", 6.4m at 6.87 g/t Au including 3.2m at 12.91 g/t Au, trench "K", 8m at 10.56 g/t Au including 2.9m at 20.2 g/t Au, and trench "M", 12.8m at 4.5 g/t Au including 4.1m at 9.13 g/t Au.
The Company's geological consultants, under the direction of Ms. Nancy Reardon, M.Sc. P.Geol., located and sampled the majority of the historic trenches and adits which were sampled by CRA during a 1988 work program, as well as other trenches not reported to have been sampled by CRA. These trenches and adits are located intermittently along a gold-mineralized trend over a strike length of approximately 1.2 km, above or within a series of pre-1943 mine workings.
The complete trench sample assay results received by Kent are tabulated below:
----------------------------------------------------------------------------
Kent trench Estimated true width Gold grade g/t Au
----------------------------------------------------------------------------
Trench_A 6.4m 6.87
----------------------------------------------------------------------------
incl. 3.2m 12.91
----------------------------------------------------------------------------
Trench_Ab no significant results
----------------------------------------------------------------------------
Trench_Ac no significant results
----------------------------------------------------------------------------
Trench_B 12.0m 1.48
----------------------------------------------------------------------------
incl. 5.0m 2.72
----------------------------------------------------------------------------
Trench_Ba no significant results
----------------------------------------------------------------------------
Trench_C 1.5m 4.06
----------------------------------------------------------------------------
Trench D not located
----------------------------------------------------------------------------
Trench_E 4.9m 3.40
----------------------------------------------------------------------------
Trench_Ea 2.8m 4.25
----------------------------------------------------------------------------
Trench_F 3.2m 24.60
----------------------------------------------------------------------------
incl. 1.9m 40.38
----------------------------------------------------------------------------
Trench_G 7.8m 7.65
----------------------------------------------------------------------------
Trench_H 4.6m 1.34
----------------------------------------------------------------------------
Trench I not located
----------------------------------------------------------------------------
Trench_J 0.3m 6.15
----------------------------------------------------------------------------
Trench_Ja 1.1m 9.71
----------------------------------------------------------------------------
incl. 0.5m 17.50
----------------------------------------------------------------------------
Trench_Jd no significant results
----------------------------------------------------------------------------
Trench_K 8.0m 10.56
----------------------------------------------------------------------------
incl. 2.9m 20.21
----------------------------------------------------------------------------
Trench_L not located
----------------------------------------------------------------------------
Trench_La 1.7m 3.18
----------------------------------------------------------------------------
Trench_Lc 2.3m 6.41
----------------------------------------------------------------------------
Trench_Ld 1.9m 5.53
----------------------------------------------------------------------------
Trench_M 12.8m 4.15
----------------------------------------------------------------------------
incl. 4.1m 9.13
----------------------------------------------------------------------------
Trench_Ma 3.9m 10.19
----------------------------------------------------------------------------
incl. 2.4m 15.68
----------------------------------------------------------------------------
Trench_N 2.6m 9.04
----------------------------------------------------------------------------
incl. 1.0m 16.30
----------------------------------------------------------------------------
Trench_O not located
----------------------------------------------------------------------------
Alexander River Exploration Background
The 2,669-hectare Alexander River gold prospect encompasses the historic Alexander gold mine, which reportedly produced 41,091 ounces of gold from 47,726 tonnes of quartz prior to closing in 1943 due to war induced labor shortages.
In 1988, CRA cleared and sampled historic trenches and adits. The project was later acquired from CRA by Macraes Mining. Based on CRA's data and limited drilling, Macraes Mining identified an auriferous halo of sulphide-hosted mineralization which exists around the early mined reefs with a resource potential of approximately four million tonnes grading more than five grams per tonne gold, for approximately 643,000 ounces of gold, as reported in a report filed with Crown Minerals NZ in 1993. Subsequently, Macraes carried out mapping, rock chip sampling, and a limited amount of drilling from the Level 6 workings. The Macraes report is available for viewing on the Company's website at: http://www.kent-exploration.com/reports/MR3242AlexanderMine1993.pdf
The Company advises that a qualified person has not done sufficient work to classify the historical estimates as a current mineral resource, the Company is not treating the historical estimates as a current mineral resource and the historical estimates should not be relied upon.
Kent Exploration NZ has made an application to the NZ Department of Conservation for a limited, low impact, diamond drill program on the Alexander River property.
The Company is implementing early conversion to IFRS in conjunction with the preparation of the Company's annual audited 2009 financial statements.
The Company will be exhibiting at the Cambridge House "Vancouver Resource Investment Conference" January 17-18, at booth F520 at the Fairmont Hotel Vancouver.
Kent Exploration Inc is a junior exploration company that has an Option Agreement to earn 100% of Teck's interest in Chalice Gold Mines Limited's Gnaweeda Gold Project in West Australia 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 content of this release has been reviewed and approved by Marvin A. Mitchell, P. Eng. A qualified person as defined by National Instrument NI-43-101.
ON BEHALF OF THE BOARD
Graeme O'Neill, President
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
www.kent-exploration.com