Next to KBG
Right next to Skyharbour in Redlake
King's Bay samples 2,942.7 gpt Au at Red Lake
2006-12-11 10:30 ET - News Release
Mr. Richard Rivet reports
KING'S BAY GOLD ULTRA HIGH-GRADE GOLD DISCOVERY GRADING UP TO 2,942.7 AND 806.9 GRAMS PER TON, RED LAKE
King's Bay Gold Corp. and Mainstream Minerals Corp. have discovered many new ultrahigh-grade gold veins at the Bobjo mine, Dent and Earngey townships, Red Lake district of Ontario. Surface grab sampling of one vein, with a width of approximately six metres, has just returned ultrahigh-grade gold values of up to 2,942.7 grams per tonne (85.84 ounces per ton) and 806.9 grams per tonne (23.54 ounces per ton) from amongst the samples taken.
The partners have just recently completed a ground stripping program using a bulldozer and a backhoe. As a result, many new gold-bearing quartz veins, shears and stringers were exposed. Of the many new dozens of criss-crossing gold-bearing entities only a dozen or so have been sampled to date. Most flat-lying veins could not be sampled properly so a channel sampling program will be carried out in the not-too-distant future.
Only approximately 80 acres have been stripped to date. However, the partners intend to strip an additional 200 more. Presently, more claims are being staked and a geophysical survey (Mag/VLF) will be carried out over the entire land mass as well as over the ice on both sides of the peninsula.
Other veins and stringers also returned very high-grade gold values including 55.34 grams per tonne (1.61 ounces per ton), 42.65 grams per tonne (1.24 ounces per ton), 42.37 grams per tonne (1.23 ounces per ton), 36.89 grams per tonne (1.07 ounces per ton), 36.23 grams per tonne (1.05 ounces per ton) and so forth.
All grab samples were taken from mineralized quartz vein material, shears and contact material between the veins and mafic volcanics under the help and strict supervision of John Archibald, PGeol, Ron Rivet, exploration co-ordinator for King's Bay, and Gerald Colborne, BSc, MSc, PEng, PGeol, FGAC, MCIM. Mr. Colborne is the qualified person under National Instrument 43-101. All of the samples were analyzed by Accurassay Laboratories of Thunder Bay, Ont., using the standard fire-assay method.
The latest batch of surface grab sample results are as follows:
Gold Gold
opt gpt
0.069 2.370
1.057 36.253
0.049 1.669
85.840 2,942.765
0.014 0.479
0.014 0.492
0.053 1.811
0.391 13.402
0.002 0.069
0.316 10.848
1.236 42.373
0.020 0.693
0.299 10.240
0.457 15.675
1.244 42.655
1.076 36.890
0.611 20.955
0.069 2.351
0.164 5.634
0.024 0.825
0.002 0.079
1.614 55.341
23.540 806.990
0.370 12.676
0.008 0.274
0.291 9.990
0.286 9.805
0.012 0.397
The partners are extremely pleased with these developments, especially with the discovery of these new very high-grade gold-bearing veins that have never been seen or tested before. The area has a history of gold and base-metal production going back as far as 80 years, and the work presently being carried out by Mainstream and King's Bay represents the commencement of the first modern, systematic exploration of this property.
The Bobjo property is located between the former South Bay and Uchi Lake gold mine along the east limb of the Confederation assemblage. It comprises a total of nine patented claims and 17 claim units with a major power transmission line passing through the southern part of the land package. The partners are planning a large and aggressive exploration program to commence in early 2007.
We seek Safe Harbor.