King´s Bay Resources Corp.
King’s Bay Completes Drilling at Lynx Lake Copper- Cobalt Property in Labrador
EQS Group-News: King’s Bay Resources Corp. / Key word(s): Drilling Result/Interim Report King’s Bay Completes Drilling at Lynx Lake Copper- Cobalt Property in Labrador Vancouver, November 27th, 2017 – King’s Bay Resources Corporation (TSX.V: KBG), (FSE: KGB1), is pleased to announce that it has completed Phase 1 of the drilling program announced October 26, 2017, and has sampled four broad mineralized zones totaling 290 meters on King’s Bay’s 100% owned Lynx Lake Copper-Cobalt Project in southeastern Labrador. King’s Bay completed two diamond drill holes totaling 501.9 meters at the Lynx Lake Property. Both drill holes intersected intervals of net textured gabbro for a total of 164.3 meters and a mineralized biotite gabbro for a total of 14.9 meters. Additional highlights of drill program can also be found on our website at https://kingsbayres.com/photo-gallery/lynx-lake-drill-cores/: – LL-17-01 entered a highly magnetic net textured gabbro from 45.6 to 162.8 meters in length containing 2 main phases of mineralization. (See picture in attached PDF) – LL-17-01 entered a biotite gabbro from 236.0 to 250.9 meters consisting of disseminated mineralization throughout. (See picture in attached PDF) – LL-17-02 intersected a weakly magnetic amphibolitic unit from 10.0 to 57.1 meters with lenses of net textured mineralization throughout. (See picture in attached PDF) – LL-17-02 intersected a highly magnetic gabbro from 57.1 to 167.9 meters with chloritized lenses of disseminated mineralization throughout. (See picture in attached PDF) Samples of NQ core have been prepared and shipped to Eastern Analytical Labs in Newfoundland. Assay results are expected by early January. The drill hole placement and orientation were determined based upon the amalgamation of the previously flown VTEM survey anomalies and the bedrock structure in the West Pit. The previously announced VTEM results identified an anomaly that is anticipated to be ranging in depth from 50-300 meters and estimated to be approximately 400 meters in diameter. Kevin Bottomley states “Completing Phase 1 drilling at Lynx Lake is a major milestone for the company. We are encouraged by the lengths of the mineralized zones and are eagerly awaiting the assay results” The Company has implemented a quality assurance and quality control (QA/QC) program to ensure and validate the accuracy and precision of the assay results. QA/QC protocols include the insertion of blanks, duplicates, and certified reference materials (standards) every 10-20 samples. Drill core was sampled utilizing two techniques. For non-mineralized zones, 3m composite samples were collected. For mineralized zones and intervals of interest, 1-2m saw-cut samples were collected and sent for assay. Samples have been submitted for assay to Eastern Analytical in Springdale, Newfoundland & Labrador, for base and precious metal analysis using Inductively Coupled Plasma (ICP) and Ore Grade Assay (Multi-Acid Digestion). About King’s Bay 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 For Investment Inquiries please contact: Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release. Additional features: Document: http://n.eqs.com/c/fncls.ssp?u=BDRWKODEAO Document title: PDF with Pictures
End of Corporate News |
Language: | English |
Company: | King’s Bay Resources Corp. |
Suite 1450, 789 West Pender Street | |
BC V6C 1H Vancouver | |
Canada | |
Phone: | +1 604 681 1568 |
E-mail: | info@KingsBayRes.com |
Internet: | www.KingsBayRes.com |
ISIN: | CA49579X1050 |
Valor: | A2DWBR |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Stuttgart, Tradegate Exchange; Canadian Venture Exchange, Toronto |
End of News | EQS Group News Service |