Knight Resources Ltd.: West Raglan Exploration Budget Increased by $500,000 Tuesday September 7, 9:08 am ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 7, 2004) - Mr. Harvey Keats, President of Knight Resources Ltd., provides an update on the ongoing drill program on the West Raglan Project. The 2004 program began in mid-June and drilling started in mid-July. To date approximately 40 holes comprising 5,000 metres have been completed. ADVERTISEMENT Drilling has focused on two principal objectives: 1) following up on the Frontier area, the site of last year's discovery; and, 2) testing new regional targets generated by detailed mapping, prospecting and geophysics. Results will be released in batches and will include assays for nickel, copper, cobalt, platinum group elements and sulphur.
The 2004 program budget has been increased by $500,000 to approximately $5,000,000 in order to carry out additional diamond drilling. Weather permitting, the 2004 program is expected to continue until the end of September.
ON BEHALF OF THE BOARD OF KNIGHT RESOURCES LTD.
"Harvey Keats"
President
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performanc e and that actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, Investors should review the Company's registration statement on Form 20-F filing with the United States Securities Commission and its home jurisdiction filings that are available at www.sedar.com.
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