RE: News is outR : Knight Resources Ltd.
TSX VENTURE SYMBOL: KNP
FRANKFURT SYMBOL: KRL
September 23, 2003
Knight Resources Ltd.: High Grade Platinum and Palladium Assays Received
VANCOUVER, BRITISH COLUMBIA--Harvey Keats, President of Knight Resources Ltd.,
is pleased to announce that platinum, palladium and gold assay results have
been received for West Raglan Project holes WR-08, WR-12 and WR-13. The new
assays are listed below together with the previously reported nickel, copper
and cobalt assays.
/T/
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Core
Hole Length Nickel Copper Cobalt Platinum Palladium Gold
Number(metres) % % % (grams/tonne)(grams/tonne) (ppb)
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WR-8 14.75 3.04 1.13 0.08 0.90 3.02 138.00
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Incl. 5.00 3.23 1.51 0.07 1.43 5.00 244.00
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WR-12 15.50 1.20 0.84 0.04 0.28 1.03 71.65
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Incl. 8.50 1.60 1.13 0.05 0.36 1.30 94.00
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WR-13 7.62 2.54 1.41 0.09 0.39 1.60 14.00
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/T/
The new platinum, palladium and gold assays, together with the previously
reported nickel, copper and cobalt assays, further confirm that the
mineralization encountered at the West Raglan Project has strong similarities
to ore bodies currently being mined by Falconbridge at their Raglan operations.
The Company is earning a 49% interest in the West Raglan Project from Anglo
American Exploration (Canada) Limited ('AAEC'). The 72,000 hectare project,
located in northern Quebec, covers over 70 km of the interpreted western
extension of the Raglan Horizon, which hosts the deposits at Falconbridge's
Raglan Mine. Resources, reserves and mined to date at Raglan are estimated at
28 million tonnes averaging 2.8% nickel and 0.8% copper with significant
platinum group elements and cobalt.
AAEC is the operator of the West Raglan Project and is responsible for the
sampling and submittal of samples for assay. The assaying was carried out and
certified by ACME Labs and ALS Chemex, both of Vancouver, BC. ACME Labs
performed all primary assays. A check assay was performed on quarter core of a
1.0 metre interval of WR-08 by ALS Chemex. At ACME Labs the interval assayed
3.23% nickel, 0.91% copper, 0.08% cobalt, 0.96 g/t platinum, 2.80 g/t palladium
and 118 ppb gold. At ALS Chemex the interval assayed 3.97% nickel, 1.00%
copper, 0.09% cobalt, 1.16 g/t platinum, 3.84 g/t palladium and 250 ppb gold.
Further check assaying will be done in due course. The AAEC Qualified Person is
Richard Dufresne and the Company's Qualified Person is Kerry Sparkes. Mr.
Sparkes is the Qualified Person responsible for this news release.
ON BEHALF OF THE BOARD OF KNIGHT RESOURCES LTD.
Harvey Keats, President