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Kings Bay Gold Corporation announces the optioning of the Raleigh Lake Group of Claims
Kings Bay Gold Corporation announces the optioning of the Raleigh Lake Group of Claims
About this update from Lion Rock Resources Inc
[{"type":"text","content":"\nKings Bay Gold Corporation announces the optioning of the Raleigh Lake Group of Claims\n\n\n Oct. 28, 2009 (TheNewswire.ca) -- King's Bay Gold Corporation (TSX.V: KBG) is pleased to announce that it has optioned three un-patented mining claims located in the Raleigh Lake Area in the Kenora Mining District of Ontario. These claims consist of 29 un-patented units located south-west of the Town of Ignace, Ontario.The northern extension of the claim group is attached to the southernmost part of Consolidated Abaddon Resources Inc.'s southern boundary. A short while back that company released some very high grade assays for Lithium (Li) and Rubidium (Rb). These results were also obtained from some 5 Diamond Drill Holes put down in 2001 by a company called Avalon Ventures Inc. in a swarm of pegmatite dykes in its search for Tantalum (Ta).A Geo-Chem Survey is presently being carried out on some parts of the King's Bay property in an area where bits of pegmatite fragments were observed at several locations of the project by prospecting crews from King's Bay. Depending on the results of this survey it is likely that an Airborne Magnetic Survey could also be carried out over parts of or over the entire property. We expect to explore the property thoroughly over the next few months.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 with Mega Precious Metals Inc. (OOTC:MPRXF) (TSXV:MGP) ); (2) The Bobjo Mine, a past producing gold mine (exploring for gold and rare earths elements with Mainstream Minerals Corporation (OOTC:MSMCF) (TSXV:MJO) ); and (3) The Fort Frances property (exploring for PGEs and diamonds).KBG Shares Outstanding: 52,756,903King'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, s...