May 11, 2011 (TheNewswire.ca) --
King's Bay Gold Corporation (TSX.V: KBG) is pleased to announce that it has mobilized its geologist and drilling contractor to the Menary Property in order to commence the continuation of its diamond drilling of the Wagg Occurence its Menary Township, Ontario property. This program was stopped last November due to the onset of winter conditions after 6,230 feet of coring was completed. That program produced at least four drill holes with a number of gold intersections over an area of approximately 200 metres in width and to a depth of approximately 100 meters vertically.
This year's program intends to carry on with the sectioning of the surface quartz-carbonate vein structures to determine the character of the mineralisation and geological structure that cross-cuts the area around the Wagg Occurrence. The company intends to complete it's the contract started in June 2010 and continue exploring the remainder of the property by geological mapping and sampling.
The company also has plans to carry out further exploration work on its other Ontario properties including the Halkirk-Watten Township property near Fort Frances, the Brooks Lake-Dash Lake property near Sioux Narrows, the Raleigh Lake and the Sturgeon Lake properties near Ignace, Ontario.
Diamond drilling over the Wagg Occurrence has produced some positive results. Results for the better holes from the 16-hole program (Holes MIN-10-01 to MIN-10-16) follow below. True widths are not known at this point in time since geological interpretations are required and a further drill section is needed across the structure in order to characterize the zone.
D.H. MIN 10-01 - from 44.33-50.0 ft. (5.67 ft.) with a grade of 20.70 g/t in Gold
D.H. MIN 10-10 - from 13.2-16.3 ft. (3.1 ft.) with a grade of 1.63 g/t in Gold
from 37.4-49.5 ft. (12.1 ft.) with a grade of 17.15 g/t in Gold
D.H. MIN 10- 11- from 202.0-222.5 ft. (20.5 ft.) with a grade of 12.23 g/t in Gold
D.H. MIN 10-13 - from 7.0-10.5 ft. (3.5 ft.) with a grade of 2.45 g/t in Gold
D.H. MIN 10-16 - from 117.6-119.0 ft. (1.4 ft.) with a grade of 5.61 g/t in Gold
from 146.3-150.3 ft. (4.0 ft.) with a grade of 8.31 g/t in Gold
The above analytical work has been done at an accredited laboratory facility in Thunder Bay using the fire assay method. Half of the drill cores were sent in for analysis and the remaining cores are being stored and archived for future testing or verification.
All the drilling and field work has been supervised by the company's on-site geologist, Mr. Russell Crosby, M.Sc., P.Geo., acting as the Qualified Person (QP) as directed by the National Instrument 43-101 Guidelines.
About King's Bay Gold Corporation (TSXV:KBG)
King's Bay Gold Corporation is a very active Canadian mineral exploration and development company with mineral projects located in two of Canada's main gold camps - the Red Lake, ON and Rainy River, ON gold camps.
KBG Shares Outstanding: 85,036,913
King's Bay Gold Corporation
John Archibald
President & CEO
info@kingsbaygold.com
www.kingsbaygold.com
This news release includes certain forward-looking statements concerning the future performance of King's Bay Gold Corporation's business, its operations and its financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. Forward-looking statements are frequently identified by such words as "may", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. These forward-looking statements represent management's best judgment based on current facts and assumptions that management considers reasonable. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing and as described in more detail in the Company's recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking statements and readers are cautioned against placing undue reliance thereon.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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