Value Microcaps Free-For-All

[kipp440]

Bobwins - KRT.V Kimberlite and Diamonds

I posted Kennsington Resources one time on this board. Since then Shore Gold and Newmont mining got in the act and the stock is up 110% Bob, this is right up your alley! Predicting the quantity and future value of diamonds from core drilling.

Yahoo Finance link: http://finance.yahoo.com/q?s=KRT.V

I jumped on this Canadian stock during my kick to get out of the US dollar and try to own resources in the ground, in foreign currencies.

Take a gander, could be a nice little diversification. Could change a zipcode if it's the mother load!

Kipp


=======================================================================
Re: News Release - Friday, September 23, 2005
2004 Microdiamond Recoveries for Kimberlite 147
=======================================================================

Vancouver, British Columbia - Sept. 23, 2005 - Kensington Resources
Ltd. (TSX VENTURE:KRT) (the "Company") announces that it has received
from the operator, De Beers Canada Inc., microdiamonds results for
eight coreholes targeted on Kimberlite Body 147 during the 2004-2005
program at the Fort a la Corne Diamond Project in Saskatchewan. The
principal objective of the 2004-2005 program on Kimberlite 147 was to
acquire representative kimberlite and diamond information for
construction of a new geological model and to assess the potential for
higher grade zones within the body.

"We are very pleased with the results from Kimberlite Body 147," states
Robert A. McCallum, President and CEO of Kensington Resources Ltd. "A
substantial number of diamonds including three larger stones were
recovered indicating a high stone density and potential enrichment in
this body. De Beers will utilize these results in a grade forecast,
which then will enable us to make decisions on the suitability of
delineation drilling and minibulk sampling for recovery of
macrodiamonds."

The 147 kimberlite occurs in the main cluster of the Fort a la Corne
Kimberlite Province and is located on the eastern side of the
148/147/120/220 volcanic megacluster with the 220 and 148 kimberlites
situated directly to the west and southwest. Eight coreholes
intersected 855.38 m of kimberlite from a total meterage of 1,740.0 m.
The top of the first kimberlite intersection ranged between 96 to
106.28 m depth from surface and the bottom of the last kimberlite unit
ranged from 181.22 and 221.82 m. Kimberlite thicknesses varied between
74.94 and 125.68 m.

A total of 2,432 microdiamonds were recovered from 515.20 kg of
kimberlite core in 63 samples utilizing caustic dissolution methods at
the Saskatchewan Research Council (SRC). Microdiamond recoveries were
audited and individual stone sizes calculated by experts at the De
Beers Kimberley Microdiamond Laboratory (KMDL) in South Africa. Only
microdiamond data from the SRC are reported here. Summaries of diamond
recovery by kimberlite drillhole and by sieve category are shown in
Tables 1 and 2.


Table 1: Summary of 2004 and Historical Kimberlite 147 Microdiamond
Results
--------------------------------------------------------------------
Number Stones
of Sample Carat Average larger
Samples Mass Weight # of Stones/ than 0.5
Drillhole (1) (kg) (carats) Stones 10kg mm(2)
--------------------------------------------------------------------
04-147-006 13 106.40 0.025255 378 35.53 0
--------------------------------------------------------------------
04-147-007 4 32.65 0.004075 67 20.52 0
--------------------------------------------------------------------
04-147-008 7 57.35 0.052650 650 113.34 2
--------------------------------------------------------------------
04-147-009 7 57.20 0.036245 155 27.10 1
--------------------------------------------------------------------
04-147-010 7 57.40 0.030035 311 54.18 0
--------------------------------------------------------------------
04-147-011 7 57.25 0.017215 238 41.57 1
--------------------------------------------------------------------
04-147-012 6 48.90 0.014190 201 41.10 1
--------------------------------------------------------------------
04-147-013 12 98.05 0.025415 432 44.06 1
--------------------------------------------------------------------
Total: 63 515.20 0.205080 2,432 47.21 6
--------------------------------------------------------------------
147
Historical
(3) 3 DH;
10
samples 292 0.1042626 559 21.1 7
--------------------------------------------------------------------


1 equals For the 2004 samples, representative sample intervals ranged
from 3.2 to 24.2 metres of kimberlite intersection; sample weights
ranged from 8.05 to 8.25 kg

2 equals Stones with at least one axis greater than 0.5 mm in length

3 equals Due to the wide variance in sample mass per historical
drillhole, the average stones/10 kg for the historical results was
weighted by the mass of individual samples (a simple average of
drillhole values was calculated at 21.4 stones/10 kg)

Microdiamond recoveries in 2004 were significantly higher than
historical recoveries which are shown at the bottom of Table 1. At
47.21 stones/10kg, the average stone density of the 2004 recoveries is
more than double that of the historical recoveries and is actually
much higher if the 128 microdiamonds measuring less than 0.075 mm are
not included in the historical tally. In comparison, fewer stones
larger than 0.5 mm were recovered per kilogram of sample during the
2004 program. Microdiamonds recovered from the 2004 program will be
combined with all suitable historical diamond results and submitted to
Mineral Resource Management (MRM) of De Beers for grade forecasts of
commercial-sized diamonds based on statistical and graphical treatment
of the data.


Table 2: Kimberlite 147 Microdiamond Recoveries by Drillhole and
Sieve Category

-------------------------------------------------------------------
+0.075 +0.106 +0.150 +0.212 +0.300 +0.425 +0.850 +1.000
mm mm mm mm mm mm mm mm
Drillhole Sieve Sieve Sieve Sieve Sieve Sieve Sieve Sieve
-------------------------------------------------------------------
04-147-006 130 118 67 48 15 0 0 0
-------------------------------------------------------------------
04-147-007 26 17 14 9 1 0 0 0
-------------------------------------------------------------------
04-147-008 195 229 123 64 34 5 0 0
-------------------------------------------------------------------
04-147-009 51 58 22 12 8 3 0 1
-------------------------------------------------------------------
04-147-010 93 112 58 28 11 9 0 0
-------------------------------------------------------------------
04-147-011 92 74 34 27 8 2 1 0
-------------------------------------------------------------------
04-147-012 80 66 28 20 5 1 1 0
-------------------------------------------------------------------
04-147-013 168 156 64 29 11 4 0 0
-------------------------------------------------------------------
Total: 835 830 410 237 93 24 2 1
-------------------------------------------------------------------


For additional information and maps concerning the 2004 drilling
results from Kimberlite 147, please see the Company's website at
www.kensington-resources.com.

Brent C. Jellicoe, P.Geo. is the Qualified Person for the Company and
has reviewed the technical information herein. Microdiamond recovery
was performed by Saskatchewan Research Council of Saskatoon. All
aspects of quality assurance, quality control and sample chain of
custody for the Fort a la Corne Joint Venture are managed by De Beers
Canada Inc., the project operator.

Kensington Resources Ltd. is an exploration and mine development
company currently focused on the high potential Fort a la Corne Diamond
Project in Saskatchewan. The management team includes strong technical
expertise and is committed to reaching a diamond producer status for
the realization of shareholder value. The Fort a la Corne Diamond
Project is a joint venture among Kensington Resources Ltd. (42.245%),
De Beers Canada Inc. (42.245%), Cameco Corporation (5.51%) and UEM
Inc. (carried 10%). After fifteen years of exploration at Fort a la
Corne, the joint venture partners have entered into an accelerated
results-driven advanced exploration and evaluation phase targeted on
reaching a pre-feasibility decision in 2008. The Fort a la Corne
Diamond Project includes 63 identified kimberlite bodies within the
largest diamondiferous kimberlite cluster in the world.

FORM 20-F FILE #0-24980

LISTED IN STANDARD & POOR'S

- 30 -

FOR FURTHER INFORMATION PLEASE CONTACT:
Kensington Resources Ltd.
Robert A. McCallum
President & CEO
1-800-514-7859 or [phone]
Fax: [phone]
[e-mail]
OR
Kensington Resources Ltd.
Mel Gardner
Manager Investor Relations
1-800-710-6083
[e-mail]
www.kensington-resources.com

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

Supplemental Info

Associated File:
http://www.kensington-resources.com/i/pdf/2005-09-23_NRSupplemental147.pdf
151 KB in size, approx. 29 seconds to download at 56.6Kbps

=======================================================================
Copyright (c) 2005 KENSINGTON RESOURCES LTD. (KRT) All rights
reserved. For more information visit our website at
http://www.kensington-resources.com/ or send
mailto:[e-mail]
Message sent on Sun Sep 25, 2005 at 5:45:52 PM Pacific Time
=======================================================================