Mr. Kevin Bottomley reports
KING'S BAY APPLIES FOR EXPLORATION PERMIT FOR PHASE 2 EXPLORATION ON THE LYNX LAKE PROJECT IN LABRADOR
King's Bay Gold Corp. has submitted an application to the Newfoundland and Labrador government, Department of Natural Resources, for the commencement of phase 2 of the exploration program in southeastern Labrador.
Phase 2 of the Lynx Lake exploration program will involve ground truthing for the recently flown VTEM (versatile time domain electromagnetic) survey, which highlighted an area of low resistivity in the western pit of mineralization. The size of the anomaly is anticipated to be ranging in depth from 50 to 300
metres and estimated to be approximately 400 metres in diameter. The west pit has been historically sampled yielding assays of up to 1.03 per cent copper, 0.56 per cent cobalt, 0.23 per cent vanadium, 0.10 per cent nickel and five grams per tonne silver.
The exploration program will consist of a localized ground electromagnetic survey over the anomaly at 20-metre line spacing. It will also include reconnaissance for bedrock exposure in the underexplored anomalous area that runs south of the west pit.
About Lynx Lake
The Lynx Lake project has returned historical grab samples assaying up to 1.39 per cent Cu, 0.94 per cent Co, 0.21 per cent Ni and 6.5 g/t Ag. Government regional low-resolution residual magnetic surveys and preliminary hand-held electromagnetic unit surveys done by local prospectors have shown strong conductors beneath the overburden, and provide incentive to explore the area further for additional subsurface mineralization. The project is located directly adjacent to a three-phase power line and the Trans-Labrador Highway.
About King's Bay
King's Bay is focused on the exploration of cobalt and other high-tech metals in North America. The company believes in this emerging fast-growth sector and will continue to seek out and evaluate properties that show promise for development.
We seek Safe Harbor.
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