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Up to 40.52 g/t Gold returned in grab samples taken from a newly discovered 150 metre long Shear Zone at the Menary Gold Project
(via Thenewswire.ca) Winnipeg, Manitoba - October 26th, 2011 King's Bay Gold Corporation ...
About this update from Lion Rock Resources Inc
[{"type":"text","content":"\nUp to 40.52 g/t Gold returned in grab samples taken from a newly discovered 150 metre long Shear Zone at the Menary Gold Project\n\n(via Thenewswire.ca)\n\n \nWinnipeg, Manitoba - October 26th, 2011\n\n\n \nKing's Bay Gold Corporation (TSX.V: KBG) is pleased to report that it has increased its land position at its Menary Project by staking 6 mining claims totaling 44 units covering an additional 1,760 acres to the north and northeast of the Company's existing land package. These new claims were staked after discovering a new gold bearing shear zone at the Galbraith \"A\" occurrence. They cover the remaining available geological contact between the Sabaskong granitic batholith and the open ground over the adjacent greenstones.\n\n\n \nA total of 34 grab samples were taken at various points along this newly discovered shear system with a width of up to 4 metres and a length of over 150 metres long on surface. The assay results obtained from wall rock and quartz vein grab samples ranged from a low of <0.005 g/t Au to a high of up to 40.52 g/t Au. The most significant gold values, in grams per tonne, are as follows: 1.26, 1.98, 4.17, 4.71, 6.37, 11.14, 22.24, and 40.52. These grab samples are selective by nature and are unlikely to represent average grades for the deposit.\n\n\n \nIn the new shear zone the fine-grained, sugary texture of the quartz and the intermittent hematitic red staining are similar to that which occurs in the quartz veins on surface at the Wagg gold occurrence approximately 1 km south of the Galbraith \"A\" occurrence.\n\n\n \nWashing, mapping, channel sampling and drilling have been commissioned on this new zone, as well as excavator stripping of additional quartz showings nearby. Assays from channel sampling and drilling to be undertaken will be released once they have been received and reviewed by the company's on-site geologist, Mr. Russell Crosby, M.Sc., P.Geo., who is acting as the Qualified Person (QP) for this project in compliance with National Instrument 43-101.\n\n\n \nJames Rogers, King's Bay Gold's Chairman, stated \"This discovery of another vein system with mineralization and alteration that look identical to the Wagg showing is very exciting. I am optimistic that King's Bay Gold's systematic approach to field exploration may uncover new economic opportunities for discovery\".\n\n\n \nTailin...