PAYSON, AZ, Feb. 1 /CNW/ - Kansai Mining Corporation (TSX Venture
Exchange: KAN) (the "Company") - is pleased to announce that effective
January 31, 2008, the Company continued its incorporation from the laws of the
Yukon Territory to the laws of British Columbia under the Business
Corporations Act (British Columbia) and the adoption of new articles.
Shareholders of the Company approved the continuance at the annual general
meeting held on March 31, 2006.
The CUSIP/ISIN numbers for the common shares of the Company will remain
the same and the Company's shares will continue to be traded on the TSX
Venture Exchange under the symbol "KAN". The continuation will not materially
affect the rights of shareholders and does not alter shareholdings of any
Kansai Mining Corporation is a mining and exploration company with gold
interests in Kenya and diamonds in Venezuela trading on the TSX Venture
On the Migori Gold project in Kenya the Company's technical report filed
on SEDAR in 2006 established 4 main zones of gold mineralization containing,
as presently explored, 33 million tonnes @ 1.10 g/t Au for 1.172 million
ounces as indicated resources from the drilling of more than 50,000 metres in
about 600 angled drilled holes. Additional drilling has been completed since
2006 with the most recent drilling activity in late 2007 for which additional
results are pending.
On the Natal Diamond project in Venezuela Kansai has conducted some
drilling and bulk sampling, and needs to do more of the latter. "We have got
500-600 ct from about 15,000 t of material taken. However, we need to take out
more than 1,000 ct and up to 5,000 ct before we know what that diamond
population means," says Mr. Walsham. The company already has a pilot
production plant with a 50-70 t/h scrubber, a 10 t/h dense-media separation
(DMS) plant and an X-ray recovery unit. For now, the next stage is more
exploration and the Belmudez zone, in particular, needs two long, ramped
trenches, which Kansai has applied for permission to cut.
This release has been compiled by Mr. Bruce Walsham as CEO of Kansai who
is a qualified person in terms of National Instrument 43-101.
The TSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of this news release.
President and Chief Executive Officer
For further information:
For further information: 273 N. Coyote Way, P.O. Box 9, Payson, Arizona,
85547-0009, TEL. (928) 474-9151, FAX (928) 474-8354, Web Site:
www.kansaimining.com, E-MAIL: firstname.lastname@example.org; UK REPRESENTATIVE OFFICE,
Carrswood, Fortescue Road, Salcombe, Devon, TQS SAP, England, Tel *44 1548 843
844, Fax *44 1548 842 378, E Mail: email@example.com