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Kentor Gold: Substantial Investor Boosts Stake Following Jervois Drilling Results

Kentor Gold (ASX: KGL) has earned a vote of confidence from substantial shareholder KMP Investments, which today increased its stake in the company.

KMP spent $2 million to acquire a further 2 million shares in Kentor, taking its total holding to 14.67%.

Earlier today Kentor revealed high grade near surface copper intercepts at the Jervois Copper Silver Gold Project in the Northern Territory.

Kentor is fast tracking the Feasibility Study at Jervois following the positive results from last month's Scoping Study.

The study found that Jervois would be a robust project producing strong financial returns and examined annual processing rates of 1.5 million tonnes per annum (Mtpa), 2 Mtpa and 2.5 Mtpa.

The current drilling program at Jervois is expected to be completed in July 2012.

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