King’s Bay Identifies VTEM Target at Lynx Lake Copp er-Cobalt Project, Southeastern Labrador
Suite 1450 – 789 West Pender Street, Vancouver, BC, V6C 1H2 | Tel: 604.681.1568 | Fax: 604.681.8240
King’s Bay Identifies VTEM Target at Lynx Lake Copp er-Cobalt
Project, Southeastern Labrador
Vancouver, June 15 th , 2017 – King’s Bay Gold Corporation (TSX.V: KBG), (FSE: KGB 1) , operating as “King’s
Bay” , a mining exploration and development company base d in Vancouver Canada, is pleased to announce that after an
in depth analysis of Geotech Ltd.’s VTEM geophysica l survey, a high priority electromagnetic target has been located at
King’s Bay’s 100% owned Lynx Lake Copper-Cobalt Pro ject in southeastern Labrador.
After the data compilation and analysis of Geotech Ltd.’s. helicopter-borne Versatile Time Domain Elec tromagnetic
System (VTEM), King’s Bay’s technical team has identified a shallow anomaly of low resistivity in what is known as the
“west pit” which is directly adjacent to the Trans- Labrador Highway. The size of the anomaly is anticipated to be ranging
in depth from 50-300 meters and estimated to be app roximately 400 meters in diameter. The “west pit” has been
historically sampled yielding assays of up to 1.03% Copper, 0.56% Cobalt, 0.23% Vanadium, 0.10% N ickel and
5.0g/t Silver .
Exploration Program
King’s Bay plans to assemble a technical field team immediately to investigate the VTEM anomaly. This summer’s
program will be completed by executing a more local, higher resolution ground geophysical survey followed by potential
stripping of overburden to the south of the pit so bedrock can be exposed. In addition to this, a reco nnaissance team will
begin to investigate the southeastern portion of th e property to follow up on the anomalous historical soil samples.
Detailed mapping and sampling in the two pits will aid in understanding of mineralization controls.
Kevin Bottomley states “The positive identification of an anomaly in the west pit will allow King’s Bay to initiate a
highly focused exploration program at Lynx Lake wit h a relatively low cost. This is exactly what we w ere hoping for
when we initiated the VTEM program with Geotech”.
About VTEM
The helicopter-borne Versatile Time Domain Electrom agnetic 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 advertised to be able to delineate potential drill hole targets fro m the airborne results.
In addition, it also has excellent resistivity discrimination to enable the detection of weak anomalie s.
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. Historic
grab sampling on the property 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 magneti c surveys and preliminary handheld electromagnetic surveys done
by local prospectors have shown strong conductors b eneath the overburden, and provide incentive to exp lore the area
further for additional subsurface mineralization. T he Project is located directly adjacent to a 3 phas e powerline and the
Trans-Labrador Highway.
Suite 1450 – 789 West Pender Street, Vancouver, BC, V6C 1H2 | Tel: 604.681.1568 | Fax: 604.681.8240
NI 43 ‐‐ ‐‐101 Disclosur e 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.
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.