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Market: TSX-V
Sector: Gold Mining
Epic: KEX
News: Latest news
Web Site: Kent Exploration
Other Articles: 09-03-201022-02-201010-02-2010 
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Thursday July 29, 09:30Specialist Energy Group Lays Out a Compelling Blueprint for Growth

After a difficult start to life as a stock market listed company, the company now stands at the threshold of a much brighter future. Legacy issues have been dealt with and the turnaround programme initiated by CEO Ewan Lloyd-Baker is gaining traction.

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Wednesday July 28, 11:30Silver Lake Resources boosts high grade gold resource by 70% to 2.5m ounces

Silver Lake Resources has added over 1 million ounces of gold to its resource inventory during the year after mining 66,700 ounces and expects further encouraging results at its  Mount Monger and Murchison projects.

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Thursday July 15, 02:10Henan Yuguang Lead & Gold investment in Kimberley Metals receives all clear from FIRB

Kimberley Metals (ASX: KBL) has reported that on 12 July the Australian Government Foreign Investment Review Board (FIRB) had no objections to Henan Yuguang Lead & Gold Co. Ltd's [...]

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Kent Exploration

Kent Exploration

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 and New Zealand. 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.

The company has earned 50% of a 100% interest in the mining lease option on the Ivanhoe Creek property, a 50% of a 100% interest in the Ivanhoe Creek placer claims covering a bentonite deposit in Nevada's Carlin Trend, and has a 100% option on the Silver Hills property, a silver/lead/zinc prospect in south-eastern British Columbia. The Company has also received 24 coal prospecting permits covering 184 square kilometers in east-central Saskatchewan in close proximity to the "Adamas" coal discovery, and has a 100% interest in the Courtney Lake property, a silver/lead/zinc prospect in north-east Saskatchewan.

CLICK HERE FOR FULL ANLAYSIS OF KENT EXPLORATION
Tuesday, March 09, 2010

Kent Exploration: building a diversified exploration junior

by Perry Siu company news image

Kent Exploration Inc. ("Kent" or the "Company") is a Canada-based mineral exploration company. The Company is engaged in 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 facilitates and with ready, all-weather access. Kent is 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.

Gold To Become The Next Global Currency?

Gold spot prices recently surged past US$1,200 an ounce before backing off towards the $1,100 support level, which is still an inflated price considered by most. As an indicator of investors’ anxiety, gold is generally disliked by the public.

Nonetheless, it is not the actual price of gold but its indication of the great loss of purchasing power of the U.S. currency that is of significance. Many people think of the recent rally in gold price a speculative bubble, forgetting that there is limited supply and it cannot be created by the printing press. Gold production peaked in the early 2000s. Supply was then further depressed when gold producers (led by Barrick) closed out their hedges, effectively adding to the number of long positions on gold. Demand-wise, more investors are turning to gold exposures such as the SPDR Gold ETF Trust, prompting SPDR to increase their physical gold holdings to a total tonnage of 1,133.63 tonnes (as of 31 December 2009).

Investors speculate that the U.S. dollar will stabilize as interest rates rise, which would in turn put downward pressure gold prices. However, this speculation is quite questionable: with bank credit in secular decline, interest rates cannot possibly rise without pulling the economy back into recession. Moreover, any surge in interest rates will further push up gold prices as speculators reverse their huge carry trade positions. Recall that back in the 1970s, gold soared 42 times from $35 to $850 in the midst of rising interest rates.

Meanwhile, people are ignoring gold’s traditional function of storage of value and a “safe haven” against financial catastrophe. Incidentally, central banks are losing confidence in the greenback as they reduce their foreign reserve in the U.S. dollar. Without confidence in a reserve currency, we might even see gold become our next global trade currency!




Experienced Management with Exploration Personnel and Mining Expertise

Kent Exploration Inc. (TSX-V:KEX), a gold and silver exploration company, has a management team that uses experienced exploration industry personnel to identify properties that are highly prospective for mineralization in areas of low political risk, close to support facilities, and with ready all-weather access. The Company has now acquired seven properties that meet these criteria and has received coal prospecting permits on five properties in Saskatchewan.


Graeme O'Neill, CEO, President and Director, has been with Kent since its inception in 2004 and has been involved as a principal in startup and established businesses prior to entering the mineral exploration field. His 12 years of experience as a municipal inspector gives him experience in and an understanding of the regulatory environment.

John Cerenzia, a director of Kent, has tremendous amount of experience with a number of publicly listed small capitalization companies and junior resource companies on the TSX-V, including Simberi Gold Corporation, Helix Ventures Inc., YSV Ventures Inc., Wycliffe Resources, and Aquarius Investment Group.

Michael England, also a director, started his career with broker investment dealers in the public markets in the early 1980's. Later he became involved with public companies and holds or has held various corporate directorships, and for the 15 years hence, he has contributed to several mineral and resource property acquisitions and financings.

Marvin Mitchell, Director, a registered professional engineer in the Province of British Columbia, has over 35 years experience as a geologist. Since 1985 he has been the principal of Mitchell Geological Services Inc. and an independent geological consultant on behalf of large and small mining companies working on properties in the United States, Asia, South America, and Africa. Mr. Mitchell currently sits also on the board of directors of various Exchange listed resource companies including Challenger Development Corp., Cloudbreak Resources Ltd., Jantar Resources Ltd., and Snowfield Development Ltd.

Archean Star: Kent’s Stake in Gnaweeda

Archean Star Resource Inc. (“Archean Star”) is a wholly owned subsidiary has been formed by Kent to focus on projects in Australia and New Zealand. Archean Star will also be led by Mr. O’Neill as President and CEO, Mr. England and Mr. Mitchell as directors.

In November 2009, through Archean Star, the Company has entered into an Option Agreement with Teck Australia Pty Ltd (“Teck”) to earn its 100% interest in the Gnaweeda Gold Project, who currently has earned a 70% interest in the Project from Chalice Gold Mines Ltd (“Chalice”), Australian-listed (ASX:CHN) public mining company. Meanwhile, Kent is preparing the spin-off of Archean Star by publicly listing it on the TSX-V, which is planned to submit to its shareholders for approval April 30, 2010 at its Annual General and Special Meeting.

The Gnaweeda Gold Project lies approximately 640km northeast of Perth and 35km northeast of the town-site of Meekatharra, and comprises a package of two exploration licenses over a strike length of 28km of the Gnaweeda Greenstone Belt. Since 2006, Teck has conducted limited Reverse Circulation drilling (<300m deep) that returned significant gold intersections at depths ranging from 17m to 280m, including: 4m at 17.7g/t Au, (including a 1m intersection of 59.27g/t Au), 5m at 13.49g/t Au, 5m at 11.64g/t Au, 3m at 11.87g/t Au, 3m at 4.85g/t Au and 3m at 4.39g/t Au.

To earn the 100% interest in the Gnaweeda Project, Kent is required to fund AUD$3 million in exploration expenditures over 4 years, with a AUD$200,000 first phase exploration program (of which approximately AUD$150,000 has been expended to date) to be completed by 31 March 2010. Once the Company has earned its interest in the Project, Teck has the right to earn-back 75% of the Company’s interest by spending 2.5 times the Company’s exploration expenditures.

Previous Progress at Gnaweeda

On 18 January 2010, Kent received a Geophysical Report from Dr. Duncan Cowan, Ph.D., on the Enhancement and Interpretation of Airborne Geophysical Data from aerial surveys conducted on Gnaweeda, identifying 11 additional high priority targets. Together with the Turnberry and Bunarra target zones, where the first phase 1,500 meter diamond drill program is planned to commence the first week of March 2010, and the St. Anne’s zone, which is to be drilled in the second phase diamond drill program, there are now a total of 14 targets at Gnaweeda.

Following up on the recommendations in the NI-43-101 report recently completed in August 2009 on the Gnaweeda property by Gerald Ray and Nancy Reardon, Kent planned a 7-hole first phase diamond drill program which commenced on March 3, 2010. The program consists of up to 1,100 meters on the Turnberry prospect and 400 meters on the Bunarra prospect.

On 23 December 2009, Teck exercised its second option with Chalice, and  Chalice opted for the 70/30 joint venture with Chalice rather than  convert its 30% participating interest to a NSR royalty, whereby Teck would hold 100% of the property.

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