Kent Exploration Inc.
TSX VENTURE : KEX

Kent Exploration Inc.

August 22, 2011 09:00 ET

Kent Updates Flagstaff Barite Mining Operations

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 22, 2011) - Kent Exploration Inc. (the "Company" or "Kent") (TSX VENTURE:KEX) reports that operations have commenced at its fully permitted Barite Mine at Flagstaff Mountain, Northport, Steven's County, WA.

To date, initial processing of the approximately 30,000 tons of barite stockpiled during mining conducted by CE Minerals during their approximately four years of operations, that ceased in 1984 due to market conditions, has been completed. Two benches have been cleared ready for blasting, and blasting of bench #5 was conducted this morning. Secondary processing and upgrading of the barite to a specific gravity (SG) of 4.1 for delivery at the mine gate to Albar Industrial Minerals, ("Albar") of Northport, WA, is now underway. The Company has an Agreement with Albar to provide a minimum 20,000 tons per annum of 4.1 specific gravity ("SG) barite at the mine gate. The current price for delivery at the mine gate is approximately US$52/ton.

The Company is permitted to mine up to 100,000 tons of barite per annum. Additional to this, the Company has received expressions of interest to purchase up to 10,000 tons of waste rock this year from the property for use in local construction operations.

CE Minerals, the prior mine operator, conducted approximately 19,000 + feet of rotary air blast drill holes during delineation of the barite deposit and estimated in their published reports that there was a historic resource of approximately 1,950,000 tons containing approximately 67% of 4.2 SG barite (CE Minerals 1982), for approximately 1,300,000 tons of contained barite, of which they reportedly mined approximately 85,000 tons. The Company obtained substantially all of the historic mine data, including a layered physical model of the deposit, survey maps, drill hole data, assays, doctoral theses etc, prior to performing approximately 1,300 feet of HQ diamond drill holes through the barite that substantially confirmed the reported historic grade and extent of the barite deposit.

The Company advises that the mine was permitted based upon the historic data in the Company's possession and prior BLM approval as an operating mine, a feasibility study has not been conducted and there is no certainty the proposed operations will be economically viable. Additionally, a qualified person has not done sufficient work to classify the historical estimate as a current mineral resource and the issuer is not treating the historic mineral resource as a current mineral resource and the historical estimate should not be relied upon.

Operations at the mine are conducted on behalf of the Company by North Columbia Enterprises of Northport, WA, a company experienced in this type of operation, and quality control is conducted by Mr. Ronald Singh, P. Eng, formerly of Mountain Minerals and geologist J Roger Olsen, M.Sc., both of whom have been involved in barite mining and processing operations for approximately 20 years.

President and CEO Graeme O'Neill, says, "We are very pleased that the Company has reached the significant milestone of having a permitted mine, and any positive cash flow will assist us in funding ongoing exploration on our New Zealand gold projects, the Silver Hill project in British Columbia, and in reducing share dilution. In the short time the Company has been trading, we have now established an operating mine and provided a 25% share dividend to our shareholders, through the spin-off and listing of Archean Star Resources Inc., now trading on the TSX Venture Exchange under the symbol ASP."

Kent Exploration Inc. is a junior exploration company that has acquired the Alexander River, Paparoa and Lyell gold projects in the highly prolific Reefton gold field in New Zealand and has an approximate 35% interest in, and is the controlling shareholder of, Archean Star Resources Inc, ("Archean") which is listed on the TSX Venture Exchange under the symbol ASP. Archean's wholly owned subsidiary, Archean Star Resources Australia, Pty, Ltd, ("ASRA") has an Option Agreement, subject to a 75% back in right, to earn 100% of Teck's interest in Chalice Gold Mines Limited's Gnaweeda Gold Project in West Australia.

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, 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 barite-gold-silver-zinc- property in eastern Washington state, having a fully permitted mine which is approved to produce up to 100,000 tons of barite per year, and 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 content of this release has been reviewed and approved by Dr. Clay Conway, Ph.D. P.Geol, a Qualified Person as defined by National Instrument NI-43-101.

ON BEHALF OF THE BOARD

Graeme O'Neill, President

Forward-Looking Statement:

Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Kent Exploration Inc. Actual results may differ materially from those currently anticipated in such statements.

Neither the TSX Venture Exchange, nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), has reviewed, nor do they 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