(via Thenewswire.ca)
May 2nd, 2012 - Winnipeg, MB - King's Bay Gold Corporation (TSX.V: KBG) is pleased to announce that it has begun a spring work program of excavator trenching, washing, sampling and assaying at its Menary Gold Project. At the very end of the 2011 trenching program, King's Bay Gold discovered some reddish, sugary looking quartz veins within the granite, that may indicate the edge of a potential stockwork system of veins in the granite of the multiphase Sabaskong Batholith south of the Galbraith A shear zone and north of the Wagg showing. It is the red to pink hematitic, sugary quartz that carries the gold at both the Wagg and Galbraith A areas.
This first round of trenching, washing, sampling and assaying for 2012 will be targeting two areas: 1) the granites between the Galbraith A and Wagg showings over a distance of 900 metres to test the theory of the presence of a larger stockwork system of veins, and 2) the greenstones on the east margin of the Sabaskong Batholith, to test a magnetic high directly east of the Wagg showing.
Qualified Person's Statement
All of the drilling and field work on this project to date has been supervised by the Company's geologist, Mr. Russell Crosby, M.Sc., P.Geo., acting as the Qualified Person (QP) in compliance with National Instrument 43-101. Mr. Crosby has reviewed the technical disclosure in this news release.
About King's Bay Gold
King's Bay Gold Corporation is an active Canadian mineral exploration and development company with mineral exploration projects located in two of Canada's main gold camps - Red Lake, ON and Rainy River, ON.
KBG Shares Outstanding: 97,126,913
King's Bay Gold Corporation
Kyle Picard
President & CEO and Corporate Secretary
(204) 253-4653
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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