VANCOUVER, BRITISH COLUMBIA--(Marketwire - October 03, 2007) - Mr. Harvey Keats, Chief Executive Officer of Knight Resources Ltd. (TSX VENTURE: KNP)(FRANKFURT: KRL), reports the receipt of the third set of assay results from the West Raglan Project comprising six diamond drill holes completed early in the 2007 program. Net-textured and disseminated sulphides, indicating potential mineralized trends, were intersected in five of the six exploratory holes reported. Assays from additional holes will be released as they become available.
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Core
DDH length ETT % % g/t g/t
(Depth) Area Unit (metres)(metres) Ni Cu Pt Pd % S Comment
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WR-07-128 FS D 2.30 2.19 0.53 0.12 0.04 0.14 8.61 Basal
Contact
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WR-07-129A Cen B 1.35 0.95 0.73 0.26 0.20 0.61 2.66 Internal
minerali-
zation
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B 4.95 3.47 0.59 0.17 0.13 0.54 1.86 Basal
Contact
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C 9.16 6.41 0.50 0.27 0.14 0.50 2.39 Internal
minerali-
zation
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WR-07-132 Cen C 1.57 1.34 0.59 0.28 0.13 0.49 1.97 Internal
minerali-
zation
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C 0.93 0.79 3.14 0.40 0.31 1.54 10.00 Basal
Contact
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D 4.77 4.77 0.90 0.47 0.14 0.51 14.34 Basal
Contact
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WR-07-133 BT Gabbro 0.8 ? 1.08 0.59 0.14 0.61 35.00 Gabbro
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WR-07-135 FC D 14.3 12.87 0.45 0.11 0.06 0.22 1.32 Near
Basal
Contact
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D 1.7 1.53 0.80 0.63 0.21 0.79 16.12 Near
Basal
Contact
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FS equals Frontier South, FC equals Frontier Central, BT equals BT Area,
Cen equals Century, ETT equals Estimated True Thickness
New drilling in the Greater Frontier Area confirms the presence of at least five vertically dipping ultramafic units ("A" through "E") that straddle the Raglan Horizon. Stratigraphically, the uppermost ultramafic unit is designated ultramafic unit "A" and the lowermost ultramafic unit is designated unit "E". During the course of drilling units "C" and "D", that are exposed at surface and that host known mineralization, three additional ultramafic units were discovered at shallow depths. Mineralization has been identified in units "B", "C" and "D" and occurs as both individual sulphide lenses along embayment structures at the base of the units and as sulphide concentrations within their interiors. The well mineralized units "C" and "D" have a strike length in excess of 4 kilometres with much of their extent yet to be investigated by drilling. Ultramafic units "A", "B" and "E" remain to be investigated.
These results demonstrate the continued prospectivity of the "C" and "D" units and demonstrate the first mineralization encountered in the "B" unit. Nickel tenors are similar to those observed at Xstrata's Raglan deposits. The program for 2007 was completed on September 27. Two rigs have been winterized and will remain on site. Fuel and supplies have been mobilized to Salluit in preparation of an expanded 2008 program.
The Greater Frontier Area is comprised of multiple ultramafic units ("A" through "E" identified to date) that occur over a 6 kilometre strike length along the "Raglan Horizon" (see www.knightresources.ca). A summary of 2007 assay results to date are given in Table 1.
The West Raglan Project is a joint venture between Anglo American Exploration (Canada) Ltd. ("AAEC") (51%) and Knight (49%). The West Raglan Project, Quebec covers over 720 sq. km and includes approximately 65 kilometres of the "Raglan Horizon" along which extensive ultramafic rocks typically occur. The Raglan Horizon hosts the mineralized lenses at West Raglan and Xstrata's Raglan deposits to the east.
AAEC is the operator of the West Raglan Project and is responsible for the sampling, submittal of samples for assay and QA/QC. Samples were cut on site and standards and blanks were added to each sample batch under supervision of AAEC staff. The samples were shipped in secure containers to ALS Chemex in Vancouver. Assaying of samples reported in this news release was carried out and certified by ALS Chemex, of Vancouver, BC (nickel, copper, cobalt and sulphur (Total) by sodium peroxide fusion followed by ICP-AES) (Pb-FA for platinum, palladium and gold). Sample preparation was done by ALS Chemex of Vancouver, British Columbia. Robin Adair, VP of Exploration, is the Qualified Person responsible for the technical information in this news release.
ON BEHALF OF THE BOARD OF KNIGHT RESOURCES LTD.
Harvey Keats, CEO
To view Table 1: 2007 Summary of Assay Results, please click on the following link: http://www.ccnmatthews.com/docs/KNP1003.pdf
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contacts:
Knight Resources Ltd.
Harvey Keats
CEO
(604) 684-6535
(604) 602-9311 (FAX)
Email: knight@bed-rock.com
Website: www.knightresources.ca
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