Business
King's Bay Gold Dryden Area Gold Discovery
(via Thenewswire.ca)
About this update from Lion Rock Resources Inc
[{"type":"text","content":"King's Bay Gold Dryden Area Gold Discovery\n\n(via Thenewswire.ca)\nJuly 29 2008 - King's Bay Gold Corporation (TSX.V: KBG) is pleased to report on the progress of their ongoing Phase 1 diamond drilling program at their 100% owned Sakoose Gold Mine Project located in Melgund Township near Dryden, Ontario, Canada.\n\nGold Zone Discovered below Old Mine Workings in Hole #1\n\nMore Gold Identified 50 Metres East of First Hole\n\nNine Other Holes Now Completed\n\nKing's Bay Gold is pleased to report that its Phase 1 drilling has so far discovered a new gold zone approximately forty metres below the old mine workings between 97.75 to 105.75 metres and that additional zones have also been discovered fifty metres away to the east in Hole #3. The Company also reports that another nine holes have now been completed and are now being sent to the lab for assay.\n\nIncluded in the table below are the results from the first three holes:\n\nTrue widths are not known. NSV = No Significant Value.\n\nHole Dip Interval From Interval To Interval Metres Au (g/T) \nSK-01 -50 97.75 99.25 1.50 5.24 \nincl 97.75 98.00 0.25 12.98 \nand 98.00 98.50 0.50 4.24 \nand 98.50 98.75 0.25 5.44 \nand 98.75 99.25 0.50 2.29 \n 102.50 102.75 0.25 3.00 \n 104.00 105.50 1.50 9.53 \nincl 104.00 104.50 0.50 11.88 \nand 104.50 105.00 0.50 6.10 \nand 105.00 105.50 0.50 10.63 \n 105.50 105.75 0.25 4.00 \n \nSK-02 -75 NSV \n \nSK-03 -55 36.75 37.00 0.25 23.29 \n 37.00 37.25 0.25 1.93 \n 38.25 38.50 0.25 1.43 \n 87.50 88.50 1.00 10.01 \n \n \n\nKing's Bay is pleased with the results of the first three holes and with the fact that the new gold zone discovered in Hole # 1 was intersected directly below the mine workings which has now confirmed depth extension and continuation of this mine. The Company is very pleased with the significant alteration being encountered in the holes.\n\nThis Sakoose Gold Mine produced gold from 1897 to 1902 until operations were suspended when the mill burned down in 1902. It is comprised of 6 claims totaling 19 claim units (approximately 760 acres). Access to this property is excellent via a 6 km gravel road leading south from Borups Corners on the Trans Canada Highway. The Canadian Pacific Railway, a natural gas pipeline and a hydro-electric power grid all pass within approximately 6 km of the property.\n\nJohn Archibald, A.P.G.O. - Geologist is...