Business
Kings Bay Gold Corporation Completes Drilling Program in Rainy River District
Kings Bay Gold Corporation Completes Drilling Program in Rainy River District
About this update from Lion Rock Resources Inc
[{"type":"text","content":"\nKings Bay Gold Corporation Completes Drilling Program in Rainy River District\n\n\n Dec. 3, 2010 (TheNewswire.ca) -- King's Bay Gold Corporation (TSX.V: KBG) is pleased to announce it has now successfully completed the 2010 drilling program on the Menary Property near Nestor Falls. The company drilled over 1900 m. in 16 holes at the Wagg Gold Occurrence and will shortly release results from holes Men 10-07 to Men 10-10. Results from holes 11-16 will be announced when the remaining assays have been received from the lab. The company has also carried out ground Max-Min VLF-EM and a Magnetometer survey over its claims in Menary and Claxton Townships as well as its holdings in the Brooks Lake area (3 claims) along the prolific Pipestone Lake fault. These claim groups are located close to or along strike with the Rainy River district of Kenora where there has been considerable activity and results reported this summer (see ref.: Rainy River Resources (TSXV:RR) (TSX.V-RR) and Bayfield Res. (TSX.V-BYV) drilling that is presently being conducted around the Off Lake and Richardson Twp. Gold Projects). In 2011, King's Bay intends to continue its drill program to test a number of other targets over its nine claims that covers the historical Wagg, Galbraith ‘A', and Galbraith ‘B' Gold Occurrences, under option from William McNerney and Western Troy Capital Corp.The company has also just finished a sampling and reconnaissance program over its 100 % owned Raleigh Lake claim group where over 70 samples were taken and sent in for Rare-Earth analysis at an independent lab in Thunder Bay, Ontario. This area has historical values in rare-earth elements and the results, once received, will determine the company's direction in the New Year for further exploration on this property, located near Ignace, Ontario.All the company's work has been supervised in the field by Mr. Russell Crosby, MSc., P.Geo., our Qualified Person (QP) as defined by the National Instrument 43-101.The Company also wishes to announce that it has accepted the resignations of two of its Directors, Ginette Camire and Catherine Kiang. We thank them for their service to the company and wish them good luck in their future endeavors. The company will replace these Directors immediately and go forward with its planned work programs and new property acquisitions.About Ki...