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King's Bay Gold set to commence a 10,000 metre drill program at the Sakoose Gold Mine
King's Bay Gold Corporation
About this update from Lion Rock Resources Inc
[{"type":"text","content":"King's Bay Gold set to commence a 10,000 metre drill program at the Sakoose Gold Mine\n\n\nKing's Bay Gold Corporation\n\nwww.kingsbaygold.com\n\n(204) 253-4653\n\nTSX.V: KBG\n\nKing's Bay Gold set to commence a 10,000 metre drill program at the Sakoose Gold Mine\n\nMay 07, 2008\n\nKing's Bay Gold Corporation (TSX.V: KBG) is pleased to announce that a 10,000 metre diamond drill program is set to commence within the next five days at its 100% owned Sakoose Gold Mine Project located in Melgund Township, near Dryden, Ontario.\n\nThe Sakoose Gold Mine produced gold between 1897 and 1902, until a fire destroyed the mill and operations were consequently suspended. During those five years, Sakoose was only mined to a depth of approximately 60 metres. Furthermore, since then, the property has only seen limited exploration, and all the drill holes to date have been shallow.\n\nThe property comprises 6 claims totaling 19 claim units (approximately 760 acres), with excellent access 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\nKing's Bay is excited by this imminent start to its Phase 1 diamond drilling program at Sakoose, and looks forward to broader and deeper exploration of the old gold mine using new technologies. John Archibald, P. Geologist is the Qualified Person under National Instrument 43-101.\n\nBobjo Mine, Red Lake\n\nThe Company is also presently conducting a 15,000 metre Phase 2 drilling program using three diamond drills at its Bobjo Mine Project in Red Lake, Ontario, a joint venture of King's Bay Gold (TSX.V-KBG) and Mainstream Minerals (TSX.V-MJO). This project continues to be the site of new discoveries, which already include high-grade gold, strategic rare metals and rare earth elements. Additional assay results are expected very shortly, and will be released upon receipt and verification.\n\nThe Company is pleased with the progress and potential of these two properties, both of which were host to past producing gold mines and where most of the zones are open in all directions. The Company feels that by aggressively exploring these two past producers there is an excellent chance of significant exploration success this year. Updates and results w...