DIAMOND EXPLORATION – Fort a la Corne Partners Advance Project

SASKATCHEWAN The Fort a la Corne diamond deposit, which may be the largest in the world, is a step closer to production. Partners KENSINGTON RESOURCES (42.25%), DE BEERS CANADA EXPLORATION (42.25%), CAMECO (5.5%) and UEM (10% carried) met earlier this month in Saskatoon to make plans toward pre-feasibility for the project. They have shifted their strategy away from a geology-driven approach to a project-driven one.

Kensington says that although the major emphasis of the plan focuses on increasing confidence and size of the resource estimate, it also includes tasks specifically related to environmental and geotechnical issues, mining methods, metallurgical and waste management, infrastructure, socio-economic and governmental liaison as well as first order estimates of capital and operating costs. The partners have set a date later in November for their next meeting.

The Fort a la Corne project includes 63 known kimberlite bodies estimated to total 9 billion tonnes. The most interesting is the 140/141 kimberlite, notable for being over 500 million tonnes and yielding diamonds weighing 10.23, 3.61, 3.33, 2.595, 2.57 and 1.82 carats. Visit www.kensington-resources.com for a photo tour of the project and the diamonds found there.