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KINGS BAY GOLD CORPORATION ANNOUNCES OPTIONING OF SIX CLAIMS (44 CLAIM UNITS) IN MENARY/CLAXTON TWPS. NEAR THE RAINY RIVER AREA OF ONTARIO.
KINGS BAY GOLD CORPORATION ANNOUNCES OPTIONING OF SIX CLAIMS (44 CLAIM UNITS) IN MENARY/CLAXTON T...
About this update from Lion Rock Resources Inc
[{"type":"text","content":"\nKINGS BAY GOLD CORPORATION ANNOUNCES OPTIONING OF SIX CLAIMS (44 CLAIM UNITS) IN MENARY/CLAXTON TWPS. NEAR THE RAINY RIVER AREA OF ONTARIO.\n\n\n Aug. 26, 2010 (TheNewswire.ca) -- King's Bay Gold Corporation (TSX.V: KBG) announces that they have optioned six unpatented mining claims (44 claim units) in Menary/Claxton Twps. adjoining their Menary claim property in the Rainy River Area of Ontario. The property is deemed as significant in the follow-up of the geological structures and gold mineralization in the area and will be explored in the near future once lines and grids are cut over the claims. The present drilling program on the Menary property has been stopped for a few weeks while the geological mapping and sampling program plays catch-up. We are still awaiting further results from the lab on the drilling before we put out a press release on the analytical findings for the first five holes that have been drilled to date.About King's 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 with Mega Precious Metals Inc. (OOTC:MPRXF) (TSXV:MGP) ); (2) the Raleigh Lake Rare-Earths prospect near Dryden, Ontario, (3) the Fort Frances property (exploring for PGEs and diamonds); (4) the Cameron Lake gold property, next door to the former Nuinsco Cameron Lake deposit;(5) the Brooks Lake/Dash Lake gold property adjacent to the Pipestone Fault near Nestor Falls, Ont; (6) the Berven and Devil Lakes properties located in the La Ronge area of Saskatchewan adjacent to the Bingo deposit.KBG Shares Outstanding: 76,146,903King's Bay Gold CorporationJohn ArchibaldPresident & CEO(204) [email protected] news release includes certain forward-looking statements concerning the future performance of King's Bay Gold Corporation's (TSXV:KBG) business, its operations and its financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. The Company does not intend, and does not assume any obligation, to update these forward-looking stateme...