King’s Bay Commences Exploration Program at Trump Island Copper-Cobalt Project
Suite 1450 – 789 West Pender Street, Vancouver, BC, V6C 1H2 | Tel: 604.681.1568 | Fax: 604.681.8240
King’s Bay Commences Exploration Program at Trump Island
Copper-Cobalt Project
Vancouver, July 26 th, 2017 – King’s Bay Resources Corporation (TSX.V: KBG), (FSE: KGB1) , a mineral
exploration and development company based in Vancouver Canada, is pleased to announce that it has received
exploration permit approval and will commence an exploration program on its 100% owned, Trump Island
Copper-Cobalt Project on the northern coast of Newfoundland.
King’s Bay has assembled a technical field team to immediately investigate the historical geologic data from the
past producing copper-cobalt mine at North Trump Island. Phase 1 of the program will include a localized
geophysical survey, grab sampling in existing mine shaft and reconnaissance of the remainder of the island for
new showings. Pending positive results, Phase 2 of the exploration program will potentially include a drilling
program.
Property Overview
The North Trump Island Property consists of 8 mineral claims encompassing an area of 2 square kilometers and
is located 7 kilometers south of town of Twillingate, Newfoundland and Labrador. The property is accessible by
boat 1.5 kilometers east from the nearest boat launch at Tizzard’s Harbour on NL Hwy 345.
The property’s history dates back to the mid 1860’s when a 20-foot (6.1 m) shaft was sunk on a mineralized zone
of massive chalcopyrite. At the bottom of the shaft, it was reported that the mineralized zone expanded with
depth but, due to limited technology, no further excavation could be safely continued. Follow up grab sampling in
1999 by G. Lewis, an experienced local prospector, revealed mineralization assaying up to 3.80% Cu, 0.30% Co,
2.90 g/t Au and 10.9 g/t Ag near the old Clymo mine shaft. The property has not been drilled to date. The
compilation of the recent 1998-99 field work done by Lewis suggests that a more detailed exploration program
is warranted.
Exploration History
In 1863 Nicholas Clymo, a miner of Cornwall, United Kingdom visited the area and sunk a pit to a depth of 20 feet
(6.1 m) which followed a 3 feet (0.9 m) wide mineralized zone that was said to increase in thickness with depth.
He reported that a shipment of high grade copper-cobalt ore was shipped to Swansea, England as documented in
the Newfoundland Provincial Mineral Rights Database. This shipment was said to be worth “40 pounds per
fathom” (Clymo, 1863). In 1953, J. Kalliokoski of the Newfoundland Geologic Survey headed up a mapping and
prospecting program for Newmont Mining Company in the area but no sample assays were reported. In the
1990s, G. Lewis conducted prospecting and limited rock and soil grab samples and filed a first-year assessment
report in 1999 with the Newfoundland and Labrador Mineral Titles Branch.
Suite 1450 – 789 West Pender Street, Vancouver, BC, V6C 1H2 | Tel: 604.681.1568 | Fax: 604.681.8240
About King’s Bay
King’s Bay is focused on the exploration of cobalt and other high-tech metals in North America. The Company
believes in this emerging fast-growth sector and will continue to seek out and evaluate properties that show
promise for development. King’s Bay Gold Corp is operating as “King’s Bay”.
On Behalf of the Board
Kevin Bottomley CEO, President
For Investment Inquiries please contact:
Brad Hoeppner, Director
O: 604 681 1568
Forward Looking Statements
This news release contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that
could cause actual events or results to differ from those projected in the forward-looking statements. These forward-looking
statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ
materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming
to fruition include that the Company may not raise sufficient funds to carry out our plans, changing costs for mining and processing;
increased capital costs; the timing and content of upcoming work programs; geological interpretations based on current data that may
change with more detailed information; potential process methods and mineral recoveries assumption based on limited test work and
by comparison to what are considered analogous deposits that with further test work may not be comparable; the availability of
labour, equipment and markets for the products produced; and despite the current expected viability of the project, that the minerals
on our property cannot be economically mined, or that the required permits to build and operate the envisaged mine cannot be
obtained. The forward-looking information contained herein is given as of the date hereof and the Company assumes no
responsibility to update or revise such information to reflect new events or circumstances, except as required by law.