King’s Bay Receives Preliminary Geophysical Maps From VTEM Plus Survey over Lynx Lake Copper-Cobalt Project, Southern Labrador
Suite 1450 – 789 West Pender Street, Vancouver, BC, V6C 1H2 | Tel: 604.681.1568 | Fax: 604.681.8240
King’s Bay Receives Preliminary Geophysical Maps From VTEM Plus Survey
over Lynx Lake Copper-Cobalt Project, Southern Labrador
Vancouver, April 21 st , 2017 – King’s Bay Gold Corporation (TSX.V: KBG), (FSE: KGB 1) , operating as “King’s
Bay” , a mining exploration and development company based in Vancouver Canada is pleased to announce that through
preliminary assessment, several electromagnetic ano malies have been located across the 382 line kilometer area of
interest, using Geotech’s, helicopter-borne Versati le Time Domain Electromagnetic (VTEM) Geophysical S urvey over
King’s Bay’s 100% owned Lynx Lake Copper-Cobalt Pro ject in southeastern Labrador.
Geotech has provided King’s Bay with preliminary ge ophysical maps outlining the VTEM data. From the in formation
provided, King’s Bay was able to identify several p otential geophysical anomalies, one of which is located in the CA Pit
that yielded historic assays of up to 1.39% Cu, 0.94% Co, 0.21% Ni and 6.5g/t Ag. Geotech Ltd. has advised King’s
Bay that it expects to have the full report prepared by the end of April. Deliverables include magnetic, electromagnetic,
and chargeability components. Once the final data is received, it will allow King’s Bay’s technical te am to continue to
develop and interpret these anomalies.
The helicopter-borne Versatile Time Domain Electromagnetic System (VTEM) has a penetration depth of ov er 800 m,
with a low Base Frequency (30Hz) for penetration through conductive overburden cover, coupled with a 2 -3 meters
High Spatial Resolution. This system is able to del ineate potential drill hole targets from the airbor ne results. In
addition, it also has excellent resistivity discrimination to enable the detection of weak anomalies.
Lynx Lake Project
The Lynx Lake Copper-Cobalt Property consists of 95 9 mineral claims encompassing a land area of approx imately 240
square kilometers, located 100 kilometers southeast of Happy Valley Goose Bay, Newfoundland and Labrad or.
Government regional low resolution residual magnetic surveys and preliminary handheld electromagnetic surveys done
by local prospectors have shown strong conductors b eneath the overburden, and provide incentive to explore the area
further for additional subsurface mineralization. A 3 phase powerline that is under construction from Muskrat Falls and
the Trans-Labrador Highway cross the northern part of the Property.
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”.
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
For Investment Inquiries please contact:
Brad Hoeppner Director
O: 604 681 1568
Forward Looking Statements
Suite 1450 – 789 West Pender Street, Vancouver, BC, V6C 1H2 | Tel: 604.681.1568 | Fax: 604.681.8240
Statements in this news release that are not historical are forward looking statements. Forward looking statements in this news release include: that we
will be able to identify targets suitable for further geological investigation, that VTEM surveys will be completed by mid April, 2017 and that we will
be able to delineate weak target areas. Factors which may delay or prevent these forward looking statements from being realized include
misinterpretation of data, limitations of VTEM to discern targets with high accuracy, we may not be able to get equipment or labor as we need it ; we
may not be able to raise sufficient funds to complete our intended exploration or carry on operations ; that weather, logistical problems or hazards may
delay our work or prevent us from exploration ; that equipment may not work as well as expected ; that analysis of data may not be possible accurately
and at depth ; and that despite encouraging data there may be no commercially exploitable mineralization on our properties. Except as required by law,
the Company assumes no obligation to update forward looking information should circumstances or management’s estimates or opinions change.
Neither the 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.