Kent Reports Archean Star Samples 13.55% Copper and 15.3 g/t Au Gold at Monitor
December 06 2012 - 3:04PM
Marketwired Canada
Kent Exploration Inc. ("Kent" or the "Company") (TSX VENTURE:KEX)(OTCBB:KXPLF)
reports that Archean Star Resources Inc. ("Archean") reports that it has
received High Grade copper and gold assay results from samples taken at the
historic Monitor Mine, located approximately 30 km (17 mi) ESE from the town of
Wallace, Idaho, in the historic and highly prolific Coeur D'Alene Mining
District.
Archean has engaged Dr. G. E. Ray, P. Geol., to conduct a National Instrument
NI-43-101-Compliant Report on the Monitor Property. During a property visit to
the Monitor as part of the NI-43-101 Report preparation, fifteen mineralized
grab samples were taken by Dr. Ray at random locations from the historic (1910)
mine waste dumps. Three samples were taken from the Richmond shaft waste dump,
eight samples from the Monitor shaft waste dump, and five samples from the
Richmond adit portal waste dump.
The most significant sample assay reported was 13.55% Cu, with two samples
assaying over 7% Cu, and two samples containing over 5% Cu. Of the fifteen
samples, only two assayed less than 1% Cu. The highest gold assays reported were
15.45 g/t Au, 9.67 g/t Au and 3.83 g/t Au from three samples taken from near the
Monitor shaft location. Anomalous gold and silver values were also reported in
fourteen of the fifteen samples taken with one sample assaying 57.70 g/t silver.
(Grab samples are selective by nature and are unlikely to represent average
grades of the deposits). The assay results from the sampling program
substantially confirms the presence of high-grade copper and gold mineralization
at the Monitor. The complete assay information from all the samples assayed are
tabulated below.
Subsequent to completing the sampling program, the Company commenced clearing
and making safe the portal to the Monitor adit, that is approximately 1,700 feet
lower in elevation than the Monitor shaft collar at approximately 5,820 feet
elevation. This was done in order to commence an underground mapping and
sampling program of the adit. In a historic book report published by the Montana
Idaho Copper Company called: "To the Monitor Vein", stated that up to the late
1920's approximately 25 men worked on developing the approximately 10 foot wide
and 10 foot high adit. Approximately 3,865 feet in from the adit portal a vein
between 10 to 30 feet wide of copper-bearing siderite was reportedly
intersected.(i)
Historic production records from past underground exploration and development
work at the Monitor Mine reported that 1,562 tons were shipped to the Tacoma
smelter in the early 1900's with average reported smelter returns of 14.92%
copper, (298.3 lb/ton), 23.6 g/t silver (0.76 opt Ag) and a reported average of
7.7 g/t Au (0.24 opt/Au) was produced. (i)
--------------------------------------------------------------------------
Sample Copper Gold Silver
Sample Location Sample Notes (%) (g/t) (g/t)
--------------------------------------------------------------------------
Mon1 Richmond shaft Qtz. carbonate 3.63 0.643 3.37
quartzite with
abundant Cu and Fe
oxides
--------------------------------------------------------------------------
Mon2 Richmond shaft Qtz rich siltstones 0.19 0.015 0.15
with minor Cu
oxides
--------------------------------------------------------------------------
Mon3 Monitor shaft Bedded quartzite 0.06 - 0.02
with minor coatings
of Cu & Fe oxides
--------------------------------------------------------------------------
Mon4 Monitor shaft Bedded quartzite 2.90 0.104 0.37
with minor
carbonate and
abundant Cu-Fe
oxides with
siderite
--------------------------------------------------------------------------
Mon5 Monitor shaft Massive quartzite 8.60 0.113 0.84
with abundant Cu-Fe
oxides
--------------------------------------------------------------------------
Mon6 Monitor shaft Bedded argillite 13.55 0.215 1.29
with minor Cu-Fe
oxides with pyrite
& chalcopyrite
--------------------------------------------------------------------------
Mon7 Monitor shaft Quartz rich 7.30 0.571 1.79
dolomite with
siderite, Cu-Fe
oxides, malachite
and trace
chalcopyrite
--------------------------------------------------------------------------
Mon8 Monitor shaft Bedded qtz- 5.48 15.45 4.25
carbonate metaseds
with Cu oxides,
siderite, quartz
veining and trace
chalcopyrite
--------------------------------------------------------------------------
Mon9 Monitor shaft Composite sample of 1.99 3.83 2.05
fine grained rusty
& Cu oxide stained
quartz rich
material
--------------------------------------------------------------------------
Mon10 Richmond adit Bedded carbonate- 7.14 0.104 3.11
bearing quartzites
with Cu-Fe oxides,
minor pyrite,
chalcopyrite &
siderite
--------------------------------------------------------------------------
Mon11 Richmond adit Massive quartzite 3.77 0.021 3.62
with Cu-Fe oxides
and minor quartz
veining
--------------------------------------------------------------------------
Mon12 Richmond adit Bedded quartzites 2.71 0.011 3.45
with Cu-Fe oxides
--------------------------------------------------------------------------
Mon13 Richmond adit Bedded carbonate- 2.46 0.011 1.89
bearing quartzites
with Cu-Fe oxides
and siderite
--------------------------------------------------------------------------
Mon14 Richmond adit Quartzite with 5.80 0.032 0.29
abundant secondary
Cu-Fe minerals
(including wad) &
siderite
--------------------------------------------------------------------------
Mon15 Monitor shaft Quartzite with 1.76 9.67 57.70
minor pyrite-
chalcopyrite,
abundant Cu-Fe
oxides and abundant
grey qtz veins
--------------------------------------------------------------------------
(i) Archean advises that historic information presented has not been verified.
Kent holds an approximate 18% interest in Archean Star Resources Inc.
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, President
FOR FURTHER INFORMATION PLEASE CONTACT:
Kent Exploration Inc.
Graeme O'Neill
President
604-684-3394 or Toll free: 1-866-399-6539
1-888-282-7763 (FAX)
www.kent-exploration.com
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