Kent Exploration Inc.: Flagstaff Mining Permit Received

Kent Exploration Inc. (TSX VENTURE:KEX) announced that it has received Approval from the Spokane office of the United States Bureau of Land Management permitting the Company to conduct Mining Operations to mine up to 100,000 tons of Barite per year from its 100% optioned Flagstaff Barite Property.

The press release is quoted as saying:

The Company has entered into an agreement with Matovich Mining Industries Ltd. (MMIL) to supply approximately 20,000 tons/year of 4.1 specific gravity crude barite from the historic open pit barite deposit. The price to be paid at the mine gate under this agreement is the price of crude barite in the most current USGS commodity pricing report. For reference, the most recent price paid is US$52/ton at the mine gate.

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