CHN 3.60% $1.34 chalice mining limited

building an african gold mining powerhouse, page-2

  1. 2,902 Posts.
    lightbulb Created with Sketch. 1
    24 August 2010
    NEWS RELEASE KEX2010-22
    KENT RECEIVES CHECK ASSAYS OF 110.76 G/T AU AND 120.52 G/T AU IN HOLE BN003 AT BUNARRA PROSPECT, GNAWEEDA GOLD PROJECT.
    Kent Exploration Inc. (the Company or Kent) reports that due to the intersection of bonanza grades in diamond drill hole (DDH) BN003, the intersection pulps were submitted to Genalysis Laboratories, (Genalysis) of Perth, Australia for check assays. BN003 was drilled at the Bunarra Prospect, Gnaweeda Gold Project by Archean Star Resources Australia Pty Ltd, (Archean) a wholly owned subsidiary of the Company, and results reported in the Companys news release KEX2010-14.
    With the exception of the bonanza grade assay reported in KEX2010-14, which increased from 99.1 g/t Au over 1 meter to 110.76 g/t Au and 120.52 g/t Au respectively over the same interval, the balance of the check assay results, as tabulated below, were consistent with those originally reported.
    As a result of the check assays, the average gold grade in the originally reported 18 meter (59 ft) intersection from 115 meters to 133 meters increased from 11.09 g/t Au to 12.34 g/t Au, that includes 4 meters (13 ft) at 39.83 g/t Au, (inclusive of a 1 meter intersection (3.3 ft) at 110.13 g/t Au average), 1 meter (3.3 ft) at 24.91 g/t Au and 3m (10 ft) at 7.47 g/t Au.
    Diamond Drill Hole
    From
    (m)
    To
    (m)
    Interval
    (m)
    Gold (g/t)
    ALS Assay1
    Genalysis
    Assay2
    Genalysis
    Assay3
    Average
    BN003 (TD 154.2m)
    115.0
    133.0
    18.0
    11.09
    12.33
    12.34
    Incl.
    114.0
    119.0
    4.0
    37.76
    39.33
    42.39
    39.83
    That includes.
    115.0
    116.0
    1.0
    99.10
    110.76
    120.52
    110.13
    Incl.
    121.0
    122.0
    1.0
    24.20
    25.61
    24.91
    Incl.
    126.0
    129.0
    3.0
    7.09
    7.85
    7.47
    116-744 W. Hastings Street, Vancouver, BC, V6C 1A5
    Ph: 604-684-3394, Toll free: 1-866-399-6539, Fax: 1-888-282-7763
    http://www.kent-exploration.com
    The Company notes that aside from the above tabulations, anomalous gold was present in substantial areas of the core, including the following intersections.
    Original assays were conducted by ALS Chemex (Australia) using 50g sample weight, fire assay with AA finish and ore grade using 30g sample weight, fire assay with AA finish. Pulps were reassayed by Genalysis using 50g sample weight, fire assay with AA finish and ore grade using 30g sample weight, fire assay with AA finish. Average grades were calculated using the weighted averages over the entire width with no upper or lower cut-offs.
    DDH BN003, which bottomed in mineralization, was drilled at a -55 degree angle, with mineralization dipping steeply towards the drill hole to near-vertical; therefore the true width is expected to be approximately 80-85% of the reported intersections. Mineralization remains open along strike and at depth.
    The 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. Annes, and Bunarra in the south, as well as other known gold-bearing prospects. Eleven additional targets have been identified based upon geophysical data.
    ***********************************************************************
    Kent Exploration Inc is a junior exploration company that has an Option Agreement to earn 100% of Teck Australia Pty, Ltds interest in the 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 permitted barite mine in eastern Washington state, a 100% interest in the mining lease option on the Ivanhoe Creek property, a Midas-style gold/silver target in Nevadas 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
    Diamond Drill Hole
    From
    (m)
    To
    (m)
    Interval
    (m)
    Gold (g/t)
    Average
    Peak
    BN003 (TD 154.2m)
    35.0
    41.0
    6.0
    0.492
    1.34
    47.0
    55.0
    7.0
    0.483
    1.01
    134.0
    154.2
    20.0
    0.286
    Incl.
    143.0
    151.0
    8.0
    0.702
    1.86
    116-744 W. Hastings Street, Vancouver, BC, V6C 1A5
    Ph: 604-684-3394, Toll free: 1-866-399-6539, Fax: 1-888-282-7763
    http://www.kent-exploration.com
    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"
    Graeme ONeill, President
    The TSX Venture Exchange has not reviewed and does
 
watchlist Created with Sketch. Add CHN (ASX) to my watchlist
(20min delay)
Last
$1.34
Change
-0.050(3.60%)
Mkt cap ! $571.8M
Open High Low Value Volume
$1.40 $1.41 $1.33 $2.161M 1.585M

Buyers (Bids)

No. Vol. Price($)
1 18387 $1.34
 

Sellers (Offers)

Price($) Vol. No.
$1.34 3757 2
View Market Depth
Last trade - 16.10pm 28/11/2024 (20 minute delay) ?
CHN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.