Kent Exploration (KEX, TSX-V) got a pleasant surprise yesterday from drill results at its Gnaweeda Gold Project in Western Australia – an 18-metre section grading 11.09 g/t Au at the Bunarra Zone, 18 kilometres south of the more advanced Turnberry Prospect. That is certainly a significant result, and should give Kent a needed boost especially considering the shallowness of the hole – the intersection was from 115 to 133 metres. We see no reason now why Kent can’t quickly complete the financing required for the Archean Star spinoff which will advance the entire Gnaweeda Project.
Only one of the five holes drilled at Turnberry produced an encouraging result but that property holds very strong potential, based on historical work. Geologists undoubtedly learned much more about the structural controls at Turnberry from this first round of drilling which will assist them later on.
Gnaweeda is an exciting project and further exploration should yield potentially very significant results. Kent’s focus now has to be on completing the spinoff before turning its attention to two other valuable assets – the Alexander River Gold Property and the Flagstaff Barite Property.
