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Kings Bay Gold Corporation Discloses Drilling Results in Rainy River District
Kings Bay Gold Corporation Discloses Drilling Results in Rainy River District
About this update from Lion Rock Resources Inc
[{"type":"text","content":"\nKings Bay Gold Corporation Discloses Drilling Results in Rainy River District\n\n\n Dec. 6, 2010 (TheNewswire.ca) -- King's Bay Gold Corporation (TSX.V: KBG) is pleased to announce high-grade gold intersections within a 12.1 foot (3.6 metre) interval that averaged 0.539 opt (18.47 g/t) in drill hole MIN-10-10. The analytical results have now been received for holes MIN-10-07 to MIN-10-10 of 16 holes completed which covers the Wagg Gold Occurrence on the Menary Twp. The property is located roughly fifteen kilometers northeast of the Richardson Twp. Project owned by Rainy River Resources (TSXV:RR) and within 12 kilometres of the new discovery by Bayfield Ventures Corp. (TSXV:BYV) (TSX-V: BYV). The property is also adjacent to and along strike to the Rainy River Resources (TSX.V-RR) drilling that is presently being conducted on its Off Lake Gold Project.King's Bay began its drill project in June of this year. Results for holes MIN-10-01 to MIN010-06 were previously announced in September 21, 2010. King's Bay has now completed over 1900 metres at the Wagg Gold Occurrence located on the west central portion of the property. Work included linecutting/gridding, geological mapping, ground Mag, VLF-EM and diamond drilling over the southern part of the property. More claims have been staked on the northwest and northeastern sectors to cover additional geological structures that appear to tie on to the Galbraith ‘A' and ‘B' Gold Occurrences.Diamond drilling over the Wagg Occurrence has produced some impressive results where the quartz vein systems to intercepted in the drilling. Holes MIN-10-07 to MIN-10-10 all encountered elevated gold values, the most significant of which are summarized in the following table. Results for holes MIN-10-11 to MIN-10-16 will be released as soon as the intervening analytical results are received and the complete profile of these holes is determined.\n\n-----------------------------------------------------------\n|DDH # |From (ft)|To (ft)|Length (ft)|Au (opt)|Au (g/t)|\n|---------------------------------------------------------|\n|MIN-10-10|13.2 |14.2 |1.0 |0.047 |1.614 |\n|---------------------------------------------------------|\n|MIN-10-10|14.2 |15.5 |1.3 |0.008 |0.291 |\n|---------------------------------------------------------|\n|MIN-10-10|15.5 |16.3 |0.8 |0.112 |3.835 |\n|-------------...