Lion Rock Resources Inc. press release
Kings Bay Gold / Mainstream Minerals Rare Earth Elements and Gold Drill Results, Bobjo Mine Project, Red Lake, Ontario
TSXV - TSX Venture Exchange · Lithium · Gold · Tin · Tantalum · Rubidium · Copper · Canada
Jun. 8, 2009 (TheNewswire.ca) --
June 8 2009 - King's Bay Gold Corporation (TSXV:KBG) (TSX.V: KBG) and Mainstream Minerals (OOTC:MSMCF) (TSXV:MJO) Corporation (TSX.V: MJO) are pleased to announce that they have received the final rare earth elements and gold drill results from their Phase 2 program at their Bobjo Mine Project, located in Earngey and Agnew Townships, Red Lake, Ontario.
Phase 2 included 5 holes, Holes #28 to #32 inclusive, in the vicinity of the high-grade gold discovery area, two holes in the rare earth elements discovery area and 10 exploratory holes 2 kilometres south at the bottom end of the property.
Hole #11-B was drilled approximately 100 metres east of the companies' high-grade gold discovery along a fault with a strike length of approximately 10 kilometres and included the discovery of significant zones of rare earth elements, iron, magnesium, manganese and others.
Hole #11-B
Dip -45 Degrees
From 40.25 to 43.50 metres:
3.25 metres grading 22.66 g/t Sc (Scandium), 16.83 g/t Rb (Rubidium), 25.33 g/t Nd (Neodymium), 37.83 g/t Ce (Cerium), 5.16 g/t Hf (Hafnium), 17.83 g/t Y (Yttrium), 11.83 g/t Li (Lithium), 80.33 g/t Cr (Chromium), 18.33 g/t La (Lanthanum), 72.00 g/t Sr (Strontium), 1.15 g/t Tb (Terbium), 2.28 g/t Th (Thorium), 3.81 g/t Yb (Ytterbium), 1.75 g/t Eu (Europium), 5.85 g/t Sm (Samarium), 57.16 g/t V (Vanadium), 1.215 % Mg (Magnesium), 4.383 % Ca (Calcium) and 9.733 % Fe (Iron).
From 59.25 to 65.75 metres:
6.50 metres grading 26.09 g/t Sc (Scandium), 17.81g/t N (Neodymium), 19.00 g/t Ce (Cerium), 3.01 g/t Hf (Hafnium), 17.33 g/t Y (Yttrium), 18.41 g/t li (Lithium), 47.72 g/t Cr (Chromium), 10.01 g/t La (Lanthanum), 82.75 g/t Sr (Strontium), 4.40 g/t Yb (Ytterbium), 2.42 g/t Eu (Europium), 4.42 g/t Sm (Samarium), 113.83 g/t V (Vanadium), 2.035 % Mg (Magnesium), 0.402 % Mn (Manganese), 5.617 % Ca (Calcium) and 17.201 % Fe (Iron).
From 139.75 to 151.25 metres:
11.50 metres grading 28.56 g/t Sc ( Scandium), 19.69 g/t Nd ( Neodymium), 24.91 g/t Ce (Cerium), 4.01 g/t Hf (Hafnium), 12.15 g/t Y (Yttrium), 9.69 g/t Li (Lithium), 41.01 g/t Cr (Chromium), 11.73 g/t La (Lanthanum), 41.46 g/t Sr ( Strontium), 4.10 g/t Yb (Ytterbium), 1.80 g/t Eu (Europium), 5.34 g/t Sm (Samarium), 98.30 g/t V (Vanadium), 136.57 g/t Tl (Thallium), 1.472 % Mg (Magnesium), 0.282 % Mn (Manganese), 6.015 % C (Calcium) and 13.617 % Fe (Iron).
From 156.25 to 160.25 metres:
4.0 metres grading 32.88 g/t Sc (Scandium), 21.44 g/t Nd (Neodymium), 24.44 g/t Ce (Cerium), 4.02 g/t Hf (Hafnium), 9.00 g/t Y (Yttrium), 7.50 g/t Li (Lithium), 51.33 g/t Cr (Chromium), 11.44 g/t La (Lanthanum), 45.00 g/t Sr (Strontium), 4.51 g/t Yb (Ytterbium), 1.75 g/t Eu (Europium), 4.83 g/t Sm (Samarium), 72.10 g/t V (Vanadium), 110.40 g/t Tl (Thallium), 1.644 % Mg (Magnesium), 0.288 % Mn (Manganese), 6.250 % Ca (Calcium) and 11.301 % Fe (Iron).
From 167.0 to 171.25 metres:
4.25 metres grading 24.33 g/t Sc (Scandium), 17.33 g/t Nd (Neodymium), 20.44 g/t Ce (Cerium), 3.33 g/t Hf (Hafnium), 8.01 g/t Y (Yttrium), 17.00 g/t Li (Lithium), 132.11 g/t Cr (Chromium), 10.33 g/t La (Lanthanum), 40.11 g/t Sr (Strontium), 3.35 g/t Yb (Ytterbium), 1.21 g/t Eu (Europium), 4.01 g/t Sm (Samarium), 85.00 g/t V (Vanadium), 131.77 g/t Tl (Thallium), 2.094 % Mg (Magnesium), 0.155 % Mn (Manganese), 3.894 % Ca (Calcium) and 11.488 % Fe (Iron).
Highlights from the 6 holes drilled to date that intersected rare earth elements, rare metals and other minerals included a high from Hole #23 of:
54.25 metres grading 30.57 g/t Sc (Scandium), 5.01 g/t Rb (Rubidium), 15.31 g/t Nd (Neodymium), 26.23 g/t Ce (Cerium), 12.10 g/t Li (Lithium), 5.01 g/t Sm (Samarium), 11.01 g/t Y (Yttrium), 12.03 g/t Ba (Barium), 15.30 g/t B (Boron), 3.72 g/t Hf (Hafnium), 3.90 g/t Yb (Ytterbium), 1.00 g/t Th (Thorium), 1.23 g/t Tb (Terbium),10.51 g/t La (Lanthanum), 2.00 g/t Eu (Europium), 110.18 g/t Cr (Chromium), 109.00 g/t V (Vanadium), 55.11 g/t Sr (Strontium); 0.022 % Zn (Zinc), 0.053 % P (Phosphorus), 0.101 % Ti (Titanium), 0.117 % Mn (Manganese), 1.101 % Mg (Magnesium), 5.210 % Ca (Calcium), and 13.270 % Fe (Iron).
True Widths are Not Known
Detailed results from the 6 drill holes that intersected rare earth elements, rare metals and other minerals to date on this project can be seen at:
http://www.mainstreamminerals.com/site/properties/bobjo/resultsreebobjo.pdf
Included below are all the gold results from this Phase 2
True Widths are Not Known
Hole Dip Interval From Interval To Interval Metres Au g/t BJ08-28 -75 87.40 87.90 0.50 3.081 117.00 117.25 0.25 1.430 125.25 126.25 1.00 27.433 142.25 142.50 0.25 1.455 313.25 313.75 0.50 8.229
BJ08-29 -45 13.50 14.00 0.50 0.699 58.50 58.75 0.25 0.904
BJ08-30 -45 50.75 51.25 0.50 1.318 79.75 80.00 0.25 5.943 84.75 85.00 0.25 2.853
BJ08-31 -45 13.75 14.25 0.50 2.126 14.75 15.25 0.50 7.017 18.75 19.00 0.25 1.074
BJ08-32 -45 2.50 5.00 2.50 1.703 including 4.50 5.00 0.50 4.030 6.75 7.25 0.50 1.770 8.25 9.25 1.00 1.463 9.75 10.25 0.50 4.294 13.25 13.75 0.50 1.058 18.25 18.75 0.50 3.469
Highlights from the 32 holes drilled by the partners to date at the high-grade gold discovery area included:
53.61 g/t Au over 2.45 metres32.95 g/t Au over 1.10 metres27.43 g/t Au over 1.00 metres19.61 g/t Au over 2.00 metres18.18 g/t Au over 0.50 metres14.55 g/t Au over 1.00 metres12.80 g/t Au over 0.50 metres12.01 g/t Au over 0.50 metres8.70 g/t Au over 1.10 metres9.45 g/t Au over 1.00 metres8.45 g/t Au over 3.40 metres6.84 g/t Au over 1.00 metres6.25 g/t Au over 1.50 metres5.77 g/t Au over 3.00 metresDetailed gold results of all thirty two holes drilled by the partners to date can be seen at:
http://www.mainstreamminerals.com/site/properties/bobjo/resultsaubobjo.pdf
The partners drilled 10 exploratory holes 2 kilometres south of the main discovery area at the bottom end of the property. All ten holes intersected wide zones of anomalous Platinum values. This area will need to be investigated further.
The Bobjo Mine Project is located between the former South Bay Zinc / Copper Mine and Uchi Lake Gold Mine. It is noted that an existing power line passes through the southern part of the property. The joint venture is 50 % Kings Bay Gold (TSX.V: KBG) and 50 % Mainstream Minerals (TSX.V: MJO) with Mainstream Minerals being the Operator of the project.
Andrew Gracie, Ph.D, P. Eng, P.Geo is the Qualified Person under National Instrument 43-101. All of the samples herein were analyzed by Acurassay Labs using the Neutron Activation Method and Acqua Regia Digestion with an ICPAES finish and standard fire assay for gold. True widths are not known.
The partners are pleased with the progress made to date at this project and with the fact that drilling has so far intersected gold in twenty seven out of thirty two holes from surface to a depth of 312 metres so far, which included high-grade gold in many intersections. All zones are open at depth and in all directions. The rare earth elements, rare metals, and other minerals were a surprise on this gold project and will definitely need some follow up drilling.
Most of the veins tested so far ran in an east-west direction. The area just north of the high-grade gold discovery is also host to many other quartz veins that have not been tested as of yet, including a 2 metre wide quartz vein than is running in a north-south direction. Grab samples from this vein yielded results as high as 115.00 g/t Au.
The partners are planning an aggressive Phase 3 exploration program for this exciting project in the near future and are planning to commence a financing very shortly.
About Kings Bay Gold
King's Bay Gold is unique in the industry in that it owns most of the equipment required to carry out the various phases of exploration. The Corporation is a very active Canadian mineral exploration company with mineral projects located in Canada's main gold camp - Red Lake, ON. Strategic properties include - (1) The Headway, a property located directly adjacent to Canada's richest gold mine in Red Lake, ON; (2) The Bobjo Mine, a past producing gold mine, located between two past producing mines (South Bay and Uchi Lake); (3) The Fort Frances Property (PGEs and diamonds), located on the same ultra-mafic structure and on strike of a new diamond discovery, and; (4) the relatively new Phyllis Lake rare earth elements discovery project.
KBG Shares Outstanding: 45,256,903
King's Bay Gold Corporation John ArchibaldPresident CEO (204) 253-4653
info@kingsbaygold.comwww.kingsbaygold.com
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