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King's Bay Resources Corp
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Shares Issued 45,726,423
Close 2017-10-25 C$ 0.10
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King's Bay receives OK, begins drilling at Lynx Lake

2017-10-26 09:26 ET - News Release

Mr. Kevin Bottomley reports


King's Bay Resources Corp. has received drilling approval and has initiated a drilling program at King's Bay's 100-per-cent-owned Lynx Lake copper-cobalt project in southeastern Labrador.

King's Bay has begun drill access preparation and expects to have a drilling crew mobilized immediately, following trail completion. The drill program will consist of a minimum of two diamond drill holes totalling 500 metres. The drill hole placement and orientation have been determined based upon the amalgamation of the previously flown VTEM (versatile time-domain electromagnetic) survey anomalies and the bedrock structure in the west pit. The previously announced VTEM results identified an anomaly that is anticipated to be ranging in depth from 50 metres to 300 metres and estimated to be approximately 400 metres in diameter.

Kevin Bottomley, president and chief executive officer of King's Bay, stated: "The upcoming drilling program on Lynx Lake copper-cobalt property in Labrador is the pinnacle of the hard work from our entire geological and technical teams. We are committed to advancing the Lynx Lake property in Labrador as well as our Trump Island property in Newfoundland."

Lynx Lake project

The Lynx Lake copper-cobalt property consists of 959 mineral claims encompassing a land area of approximately 240 square kilometres, located 100 kilometres southeast of Happy Valley Goose Bay, Newfoundland and Labrador. A VTEM survey was flown by Geotech Ltd. and identified an area in the west pit of high conductivity and low resistivity. 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 5.0 grams per tonne silver. The Lynx Lake project has also returned historical grab samples assaying up to 1.39 per cent copper, 0.94 per cent cobalt, 0.21 per cent nickel and 6.5 grams per tonne silver. The project is located directly adjacent to a three-phase power line and the Trans-Labrador Highway.

About King's Bay Resources Corp.

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.

National Instrument 43-101 disclosure

Edward Lyons, PGeo, supervised the preparation of the technical information in this news release and is a qualified person as defined by NI 43-101.

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