VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 4, 2010) - Kent Exploration Inc. (TSX VENTURE:KEX) (the "Company") announces that it has received Approval from the Spokane office of the United States Bureau of Land Management ("BLM) permitting the Company to conduct Mining Operations to mine up to 100,000 tons of Barite per year from its 100% optioned Flagstaff Barite Property.
Barite is used, among other things, as a weighting additive in drilling fluids for oil and gas well drilling operations.
The Flagstaff property is located approximately 10 road miles west of Northport Washington, which is approximately 15 miles south of Rossland, BC. In 1981, CE Minerals outlined a historic resource of over 1.3 million tons of 4.2 Specific Gravity ("SG") barite while drill defining an on surface, open pittable, barite deposit.
The historic ore deposit, which is accessible by a US Forest Service road, is an irregular pod approximately 1,300 feet long, up to 170 feet wide and up to 150 feet in depth. The deposit has been stripped and benched and the Company estimates there is approximately 30,000 to 40,000 tons of ore stockpiled on the site ready for crushing and/or upgrading. The highest grades generally occur in the center of the deposit and the Company substantially confirmed the historic information and grades when it conducted diamond drill operations on the barite deposit during 2008. The drill program results can be viewed in the Company's news release KEX2008-08, which can be viewed on the Company's website at; http://www.kent-exploration.com/news/2008/KEX2008-08.pdf.
The Company has entered into an agreement with Matovich Mining Industries Ltd. (MMIL) to supply approximately 20,000 tons/year of 4.1 specific gravity crude barite from the historic open pit barite deposit. The price to be paid at the mine gate under this agreement is the price of crude barite in the most current USGS commodity pricing report. For reference, the most recent price paid is US$52/ton at the mine gate.
Operations on the property are intended to commence during the week of August 8, 2010.
Kent Exploration Inc. is a junior exploration company that has entered into an Option Agreement with Teck Australia Pty Ltd (Teck) to acquire 100% of Teck's interest in the Gnaweeda Gold Project in Western Australia and has acquired the Alexander River, Lyell and Paparoa Gold Projects in New Zealand.
The Company has 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, 50% of a 100% interest in the Ivanhoe Creek placer claims covering a bentonite deposit, 100% interest in the Courtney Lake property, a silver/lead/zinc prospect in north-east Saskatchewan, an option to earn a 100% interest in the Silver Hills property, a silver/lead/zinc prospect in south-eastern British Columbia, and a 100% interest in Coal Prospecting Permits covering approximately 92,000 ha in east-central Saskatchewan.
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 Marvin A. Mitchell, P. Eng. A qualified person as defined by National Instrument NI-43-101.
ON BEHALF OF THE BOARD
Graeme O'Neill, President
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.