Kent Exploration Inc.
is a mineral exploration company, building a portfolio of properties highly prospective for gold and silver, base metals and coal mineralization in the western United States. western Canada, New Zealand and Australia.
Main Objective:
The Company’s main objective is the acquisition of, and financing of exploration and production on highly prospective mineral properties in areas of low political risk with security of tenure, close to support facilites and with ready, all-weather access.
Each of the Company’s properties meet this criteria.
PRECIOUS METALS
Australia
On 29 May 2009, the Company jointly executed with Teck Australia Pty Ltd, an agreement whereby Kent can option 100% of Teck's 70% interest in Chalice Gold's Gnaweeda Gold Project in Western Australia. Teck reports that, since 2006, it has conducted limited RC drilling (<300m deep) that returned significant gold intersections at depths ranging from 17m to 280m, including 4m at 17.7gt, which includes a 1m intersection of 59.27g/t, 5m at 13.49gt, 5m at 11.64g/t, 3m at 11.87g/t, 3m at 4.85g/t and 3m at 4.39g/t. Newcrest and Australian Gold Resources identified extensive gold and arsenic anomalies in historic intersections on the property in an area along a 15km strike and up to 750m wide.
New Zealand
The Company has a acquired an option from CanAlaska Uranium Ltd to earn a 70% interest in CanAlaska's 100% owned, approximately 14,000 ha Reefton Gold Project. Historic reports indicate approximately 10 million ounces of placer gold and 2 million ounces of lode gold have been recovered from this district. Oceana Gold currently has an approximately 50,000 ounce/year gold mine operating on the northern edge of the Reefton Gold Project.
Washington & BC
High grade Gold and/or Silver mineralization has been identified on two of the Company's 100% optioned properties. The Company intends to follow up the historic high grade gold intersections on the Flagstaff property in north-eastern Washington, where a historic intercept graded approximately 1.3 oz/ton Au over 60 feet *, with a diamond drill program. On the Silver Hill high grade Silver/Lead/Zinc property in south-eastern British Columbia, where a recent sample assayed 5.732 kg/Ag, the Company plans to upgrade the existing access road and follow up the 2008 geological assessment program. Work on both properties is planned for early spring 2009.
Nevada
The Company has a 50% interest in the Ivanhoe Creek property, a precious metals prospect approximately 3 miles north of Great Basin Gold's, reported 2 million gold equivalent ounce, Hollister Development, which has recently commenced production at a proposed 160,000 gold equivalent ounces per year.
ENERGY
Coal Prospecting Permits have been received from Saskatchewan Energy Resources on approximately 92,000 square/km of land (355 sq/miles) in east central Saskatchewan. The application area, which has good road and/or rail access, is in close proximity to the Adamas coal discovery and northwest of the Goldsource discovery in the Narrow Hills-Pasquia region of east-central Saskatchewan.
BASE METALS
Zinc mineralization has been identified on the Company's Flagstaff, WA, property and on the Silver Hill, BC, property, where historic MinFile records indicate that approximately 70,000 ounces of silver, 350,000 lbs of lead and 35,000 lbs of zinc were recovered from shipments of approximately 2,450 tons of ore. *
The Company acquired 1,300 hecates of claims in north-east Saskatchewan that are highly prospective for silver/lead/zinc mineralization. The claims abut, and are on strike from, the Golden Arch "George Lake" silver/lead/zinc deposit.
INDUSTRIAL MINERALS = PROSPECTIVE CASH FLOW
A "MinePlan Approval" has been received from the Spokane, WA offices of the BLM for the Company to mine barite ore from the Company's Flagstaff, WA, property, which has a reported historic 1,300,000 ton barite deposit * with a specific gravity of 4.2. Barite of this grade is used for oil and gas well drilling. The Company has entered into an agreement with Matovitch Mining Industries Ltd (MMIL) whereby the Company will supply MMIL with approximately 20,000 tons/year 4.1 SG barite. (for reference, the current price to be paid under the agreement is US$40/ton) The deposit has been stripped and benched ready for mining and work is projected to commence 2009. The annual US demand for barite is reported by the USGS as being approximately 3,300,000 tons of which approximately 2,700,000 tons is imported. (Gold and Silver was discovered on the property during the historic barite operations.)
During a 2007 diamond drilling program on the Company's 50% optioned Ivanhoe Creek property, a historic bentonite deposit of an unknown size, but reported to be approximately 2,000,000 tons, was discovered*. Bentonite is used for oil, gas and diamond drilling, as well as an absorbent, with an annual demand of approximately 4,200,000 tons. Drill permitting is in place and a drill program to delineate the deposit is planned for the spring of 2009.
Private Placement Increased - Repriced
Saskatchewan Coal Drill Permits Submitted
1,000,000 Unit Private Placement
High Grade NZ Gold Property Optioned and Private Placement
More...
*HISTORIC DATA NOT NI-43-101-COMPLIANT AND SHOULD NOT BE RELIED UPON