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King’s Bay Gold Corporation – Sakoose Gold Mine Project Update
Kings Bay Gold Corporation Sakoose Gold Mine Project Update
About this update from Lion Rock Resources Inc
[{"type":"text","content":"\nKing’s Bay Gold Corporation – Sakoose Gold Mine Project Update\n\n\n Jun. 26, 2009 (TheNewswire.ca) -- June 26 2009 - King's Bay Gold Corporation (TSXV:KBG) (TSX-V: KBG) is providing a report on the progress of their Phase 1 diamond drilling program at their 100 % owned Sakoose Gold Mine Project located in Melgund Township near Dryden, Ontario. On July 29th, 2008 the company reported in a news release, \"The Company also reports that another nine holes have now been completed and are now being sent to the lab for assay\". Subsequent to this news release, the core from these nine holes were logged but were spilled as a result of an accident. As it was impossible to put the core back into the core boxes in the correct order, it was decided that these samples would not be sent to the lab for assay. To do so, would lead to misleading results.Going forward, the Company plans to review all of the results that it currently has on hand, assess their value and from that point on it will make a decision on whether or not to carry on with the project or drop it. Should the Company decide to carry on, it will most likely carry out further drilling in the vicinity of where the nine holes that were lost had been drilled.About Kings Bay GoldKing's Bay Gold is unique in the industry in that it owns most of the equipment required to carry out the various phases of exploration. The Corporation is a very active Canadian mineral exploration company with mineral projects located in Canada's main gold camp - Red Lake, ON. Strategic properties include - (1) The Headway, a property located in Red Lake, ON (exploring for gold); (2) The Bobjo Mine, a past producing gold mine (exploring for gold and rare earth elements); (3) The Fort Frances property (exploring for PGEs and diamonds); and; (4) the relatively new Phyllis Lake property (exploring for rare earth elements).KBG Shares Outstanding: 45,256,903King's Bay Gold CorporationJohn ArchibaldPresident CEO(204) [email protected] the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe KBG...