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King’s Bay Gold Intersects Wide Zones of Uranium, Rare Earths, Rare Metals, Sulfur and Iron at the Phyllis Lake Project, Ignace, Ontario
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About this update from Lion Rock Resources Inc
[{"type":"text","content":"King’s Bay Gold Intersects Wide Zones of Uranium, Rare Earths, Rare Metals, Sulfur and Iron at the Phyllis Lake Project, Ignace, Ontario\n\n(via Thenewswire.ca)\nNovember 26 2008 - King's Bay Gold Corp. (TSX.V: KBG) and Mainstream Minerals Corp. (TSX.V: MJO) are pleased to announce the successful completion of their Phase 1 drilling program on their joint-ventured Phyllis Lake Project located in Grummitt and Cathcart Townships near the Town of Ignace, Ontario.\n\nThe results from this program confirms the presence of wide zones of uranium, rare earths, rare metals and other minerals, notably sulfur and iron, at or near surface in East Zone Number 1. All of these minerals have significant economic value and given that these wide zones are at or near surface, they are amenable to open pit mining.\n\nBoth companies are also cooperating to stake more land in the immediate area which could triple the size of this project from the current 64 claim units (2,560 acres). The property is easily accessible via the TransCanada Highway and has a location advantage of being intersected by a railroad.\n\nThe results from the completed Phase 1 program are as follows:\n\nHole # 1\n\nFrom 2.0 to 11.0 metres\n\n9.0 metres grading 0.0204 % Uranium, 470.55 g/t Chromium, 27.40 g/t Gallium, 16.52 g/t Lithium, 18.22 g/t Scandium, 50.66 g/t Vanadium, 26.00 g/t Tellurium, 8.35 g/t Tantalum, 18.09 g/t Strontium, 5.50 g/t Zirconium, 7.23 g/t Cadmium, 1.021 % Calcium, 0.415 % Magnesium, 0.0654 % Manganese, 0.0343 % Titanium, 0.0222 % Copper, 0.0165 % Phosphorous, 15.03 % Sulfur and 28.80 % Iron.\n\nFrom 18.0 to 29.5 metres\n\n11.5 metres grading 0.0080 % Uranium, 606.66 g/t Chromium, 10.37 g/t Gallium, 18.58 g/t Lithium, 11.04 g/t Rubidium, 10.19 g/t Scandium, 21.79 g/t Vanadium, 8.58 g/t Tellurium, 3.33 g/t Tantalum, 5.91 g/t Strontium, 6.87 g/t Zirconium, 4.08 g/t Thorium, 8.45 g/t Cerium, 1.75 g/t Cadmium, 1.16 g/t Yttrium, 0.562 % Magnesium, 0.0603 % Manganese, 0.0513 % Titanium, 0.0245 % Phosphorous, 7.27% Sulfur and 15.32 % Iron.\n\nHole # 2\n\nFrom 1.48 to 16.5 metres\n\n15.02 metres grading 0.0285 % Uranium, 395.71 g/t Chromium, 30.22 g/t Gallium, 10.35 g/t Lithium, 20.39 g/t Scandium, 13.00 g/t Vanadium, 29.25 g/t Tellurium, 9.16 g/t Tantalum, 15.17 g/t Strontium, 5.23 g/t Zirconium, 9.51 g/t Cadmium, 1.091 % Calcium, 0.450 % Magnesium, 0.0585...