King’s Bay Substantially Increases Lynx Lake Cu-Co Land Package in Labrador
– Momentum Public Relations –
Press Release: January 17, 2017
King’s Bay Gold Corporation (TSX.V: KBG), (FSE: KGB1), operating as “King’s Bay”, a mining exploration and development company based in Vancouver, is pleased to announce that, as a result of preliminary data compilation, the company has decided to increase the Lynx Lake Copper/Cobalt property in Labrador area from its original size of 20 square kilometers to approximately 240 square kilometers.
King’s Bay believes that, in order to adequately cover the geological structures and geophysical signatures of interest, the property must be extended to the south west.
The upcoming airborne electromagnetic survey will be strategically placed within the new land area in order to explain some of the surface electromagnetic anomalies that have been discovered during surficial reconnaissance.
Kevin Bottomley states “The increase in our land holdings by over 10 times shows a strong commitment to better understanding what type of mineralized system we may be dealing with in a more regional sense”.
King’s Bay has filed a NI 43-101 technical report on the Lynx Lake Copper/Cobalt property on SEDAR. To download the full report, please click the link below.
The Lynx Lake Project has returned historical grab samples assaying up to 1.39{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu, 0.94{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Co, 0.21{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Ni and 6.5g/t Ag. Government regional low resolution residual magnetic surveys and preliminary handheld electromagnetic surveys done by local prospectors have shown strong conductors beneath the overburden, and provide incentive to explore the area further for additional subsurface mineralization. The Project is located directly adjacent to a 3 phase powerline and the Trans-Labrador Highway.
NI 43‐101 Disclosure
Edward Lyons, P. Geo. supervised the preparation of the technical information in this news release and is a qualified person as defined by National Instrument 43‐101.
On Behalf of the Board,
Kevin Bottomley
CEO, President