Business
Kings Bay Gold Corporation Commences Drilling Program in Rainy River District
Kings Bay Gold Corporation Commences Drilling Program in Rainy River District
About this update from Lion Rock Resources Inc
[{"type":"text","content":"\nKings Bay Gold Corporation Commences Drilling Program in Rainy River District\n\n\n Jun. 21, 2010 (TheNewswire.ca) -- King's Bay Gold Corporation (TSX.V: KBG) is pleased to announce that it has commenced a drilling program on its 100% owned Menary claim group located approximately fifty kilometers northwest of Fort Frances, Rainy River District, Ontario.The property is adjacent to and along strike to the Rainy River Resources (TSXV:RR) (TSX.V-RR) drilling that is presently being conducted on its Off Lake and Richardson Twp. Gold Projects. King's Bay intends to drill several of the past gold showings as well as carry out linecutting/gridding, geological mapping and ground geophysics over its four claims that covers the historical Wagg Gold Occurrence, the Galbraith ‘A', and the Galbraith ‘B' Gold Occurrences.Recent surface sampling of several of the vein systems has just returned significant values in gold (preliminary analysis results- FAI313 at SGS Labs. Toronto). These samples are now being analyzed for their precise gold content using the fire assay method with a gravimetric finish.King's Bay Gold Corp. is a mineral exploration company focused on exploring for gold, base metals and rare-earth elements in the northwest part of Ontario and in the La Ronge area of Saskatchewan. It has three active gold projects in the Kenora District (the Menary, the Cameron Lake and the Brooks Lake/Helena Lake properties) as well as maintaining a presence in the Red Lake Area with its Headway Project that is presently being drilled by Mega Precious Metals (OOTC:MPRXF) (TSXV:MGP) Corp. The acquisition of the four new claims in the Raleigh Lake Area near Ignace, Ontario, for rare earth elements brings its land package up to eleven claims for a total of 114 claim units for approximately 1,824 hectares of land surrounding the former Avalon Ventures / Cons. Abaddon Res. rare earth discovery. It has also recently picked up a 50% interest in the Berven Lake and Devil Lake gold properties that ties on to the Bingo Deposit in the La Ronge volcanic belt in northern Saskatchewan.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 Canad...