King’s Bay Completes 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 Completes VTEM Plus Survey over Lynx Lake Copper-Cobalt
Project, Southern Labrador
Vancouver, April 5 th, 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
Canada is pleased to announce that Geotech Ltd ., of Aurora, Ontario has completed 100% of the
382 line kilometer helicopter-borne Versatile Time Domain Electr omagnetic Geophysical Survey
over King’s Bay’s 100% owned Lynx Lake Copper-Cobalt Project in southeastern Labrador.
Geotech Ltd. has advised King’s Bay that it expect s to have the results ou tlining potential drilling
targets from the survey by early May. Th e helicopter-borne Versatile Time Domain
Electromagnetic System (VTEM) has a penetrat ion depth of over 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 advertised to be able to delineate potential drill hole targets
from the airborne results. In addi tion, it also has excellent resist ivity discrimination to enable the
detection of weak anomalies.
Kevin Bottomley states: “King’s Bay is pleased to announce the completion of our VTEM survey.
We look forward to viewing the geophysical data that we have gathered, and are excited to advance
our project at Lynx Lake, and share that data with our shareholders.”
Lynx Lake Project
The Lynx Lake Copper-Cobalt Property consists of 959 mineral claims encompassing a land area of
approximately 240 square kilometers, located 1 00 kilometers southeast of Happy Valley Goose
Bay, Newfoundland and Labrador. Historic grab sampling on the pr operty has returned samples
assaying up to 1.39% Cu, 0.94% Co, 0.21% Ni and 6.5g/t Ag . Government regional low
resolution residual magnetic surveys and prelim inary handheld electromagnetic surveys done by
local prospectors have shown strong conductors be neath the overburden, and provide incentive to
explore the area further for additional subsurface mineralization. The Projec t is located directly
adjacent to a 3 phase powerline and the Trans-Labrador Highway.
About King’s Bay
King’s Bay is focused on the ex ploration 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
Suite 1450 – 789 West Pender Street, Vancouver, BC, V6C 1H2 | Tel: 604.681.1568 | Fax: 604.681.8240
For Investment Inquiries please contact:
Brad Hoeppner Director
O: 604 681 1568
Forward Looking Statements
Statements in this news release that are not historical are fo rward 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 midApril , 2017 and that we will
be able to delineate weak target areas. Factors which may dela y or prevent these forwardlooking statements from being realized include
misinterpretation of data, limitations of V TEM to discern targets with high accuracy, we may not be able to get equipment or la bor as we need it; we
may not be able to raise sufficient funds to complete our in tended exploration or carry on operations; that weather, logistical problems or hazards may
delay our work or prevent us from exploration; that equipment ma y not work as well as expected; that analysis of data may not b e 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 forwardlooking 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.