Kent Exploration Inc.
TSX VENTURE : KEX

Kent Exploration Inc.

December 20, 2010 13:00 ET

Kent Exploration Inc.: Gnaweeda Gold Project Diamond Drill Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 20, 2010) - Kent Exploration Inc. (the "Company" or "Kent") (TSX VENTURE:KEX) reports that its wholly owned subsidiary, Archean Star Resources Australia Pty Ltd ("Archean") has completed the first holes in its current diamond drill program on the Gnaweeda Gold Project in West Australia with the second hole ongoing. The Company has permitted sixteen diamond drill holes for a total of approximately 2,500 meters at the Bunarra and St. Anne's prospects.

The first segment of this program is currently underway at the Bunarra Prospect, where the first two holes BN004 and BN005 were planned to determine the plunge of the mineralized zone that was intersected in diamond drill hole BN003, drilled during the March 2010 diamond drill program, as announced in the Company's news releases, KEX2010-14 and KEX2010-22.

BN004 was completed to a depth of 155 meters and was drilled directly downdip from historic hole BBP2 that intersected 7 meters at 1.9 g/t Au (including 1 meter at 10 g/t Au). BN004 intersected approximately 8.6 meters of mineralization, consisting of quartz-tourmaline, pyrite and arseno-pyrite, at a depth of approximately 90 meters down hole. The second hole, BN005, which intersected the same mineralized zone at approximately 120 meters down hole and is currently at a depth of 230 meters, has been temporarily stopped for weather reasons and the Australian Christmas Holiday break. Drilling on BN005 will recommence after the Christmas break. The mineralized zone remains open along strike and at depth.

On completion of core logging and splitting, the split core is to be submitted to ALS Chemex Laboratory in Perth, WA for gold assay.

Archean has identified mineralization to depths of over 200 meters, (660 ft) at Bunarra, with the most significant intersection being drill hole BN003, a 18 meter (59 ft) intersection of 11.74 g/t Au that includes 4 meters (13 ft) at 37.76 g/t Au, (inclusive of a 1 meter intersection (3.3 ft) averaging 110.1 g/t Au), 1 meter (3.3 ft) at 24.2 g/t Au and 3m (10 ft) at 7.09 g/t Au. According to the recent petrographic study, the reported gold is associated with the pyrite/arsenopyrite.

Upon completion of the Bunarra segment of phase 2 drilling, Archean plans to commence drilling six holes at the St. Anne's prospect, which is located approximately 5 km south of the Turnberry prospect. The Company has updated its NI 43-101-Report on the Gnaweeda Gold Project that incorporated the results and conclusions from the March 2010 diamond drill program.

The 17,000 ha (42,000 acre) 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. Anne's, and Bunarra in the south, as well as other known gold-bearing prospects, Chiddle Well and the Far East zone. The property lies approximately 640 km (400 miles) northeast of Perth and 35 km (22 miles) northeast of Meekatharra, and comprises a package of two exploration licenses over a strike length of 28 km (17.5 miles) of the Gnaweeda Greenstone Belt.

The Company has granted 475,000 incentive stock options exercisable at $0.18 cents for a period of five years to directors, officers and consultants. On November 30, 2010, 425,000 previously granted stock options expired.

The Company has closed the $0.15 cent Subscriptions for the Archean Star Resources Inc. subsidiary financing and is proceeding to effect the previously approved Plan of Arrangement whereby Archean Star Resources Inc. will become a separately listed company.

Kent Exploration Inc is a junior exploration company that has an Option Agreement to earn 100% of Teck Australia Pty Ltd.'s interest in Chalice Gold Mines Limited's Gnaweeda Gold Project in West Australia, subject to a 75% back-in right to Teck, 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 gold/silver/zinc/barite prospect in eastern Washington state, a 100% interest in the mining lease option on the Ivanhoe Creek property, a Midas-style gold/silver target in Nevada's 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 and approved by Marvin A. Mitchell, a Qualified Person as defined by National Instrument NI-43-10.

ON BEHALF OF THE BOARD

Graeme O'Neill, President

Forward Looking Statements

Certain statements herein constitute forward-looking statements within the meaning of applicable securities legislation. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of Kent to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information.

Although management believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that a forward-looking statement will prove to be accurate. Forward-looking statements by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements or information. All forward-looking statements made herein are qualified by this cautionary statement.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • 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