Post by
viajo on Apr 24, 2006 2:28pm
White Knight boosts 2006 Nevada exploration b
White Knight boosts 2006 Nevada exploration budget
White Knight Resources Ltd (C:WKR)
Shares Issued 59,289,972
Last Close 4/21/2006 $2.43
Monday April 24 2006 - News Release
Mr. John Leask reports
WHITE KNIGHT DOUBLES DRILL BUDGET FOR 2006
White Knight Resources Ltd. plans to spend $4.3-million (U.S.) on exploration in Nevada during the 2006 field season. The company's joint venture partners have exploration obligations on White Knight properties totalling an additional $2.0-million (U.S.) in 2006.
The company anticipates that it will finance a drill-intensive exploration program in 2006 comprising approximately 65,000 feet on six projects which include Cottonwood, Gold Bar Horst, Slaven Canyon, Gold Pick, Hunter and Benmark.
Drilling with a truck-mounted RC (reverse circulation) rig is scheduled to commence in early May on the Gold Bar Horst project. A second drill rig (Schramm track rig) is being custom built for the company with an expected delivery date in late May.
"These are very exciting times in the gold business and, with the initiation of this year's drill campaign, the company is poised to capitalize on the building momentum within Nevada's gold industry," comments John M. Leask, chairman.
© 2006 Canjex Publishing Ltd.