Kent Exploration (TSX-V: KEX) received a Geophysical Report based on aerial surveys conducted on the company’s Gnaweeda Gold Project in the northern Murchison Province of Western Australia. The Gnaweeda Gold Project lies approximately 35km northeast of the town-site of Meekatharra, and extends over 28km of the Gnaweeda Greenstone Belt.
The report has identified eleven additional high priority targets on the property; bringing the total number of targets at Gnaweeda to fourteen. Two of the new targets “appear to extend off the existing Gnaweeda tenements”, so Kent Exploration and Teck Australia have staked two additional claim blocks to cover the extended target zones.
Kent Exploration is currently planning to drill the Turnberry and Bunarra target zones, where the first phase diamond drill program is planned to commence the first week of March 2010. Drilling is also planned for the St. Anne's zone, which is to be drilled in the second phase diamond drill program.
Kent Exploration has an option to earn up to 100% in the Gnaweeda Project by funding A$3 million over four years. Teck Australia also has the right to earn-back 75% of the project by spending 2.5 times Kent Exploration’s exploration expenditure.