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King's Bay Resources Corp.
Summary
| Project: | Lynx Lake | |
|---|---|---|
| Deposit: | Lynx Lake | |
| Location: | Canada | |
| Commodities: | Nickel-Cobalt | |
| Date: | 1/18/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-1-2018: King's Bay Resources Corp. announces an Exploration/Drilling Update report for its Lynx Lake deposit at the Lynx Lake project. Drilling results incl. 115.2m @ 0.058% Ni, 0.013% Co from 47.6m. Vancouver, January 16th, 2018 – King’s Bay Resources | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Nicholas Rodway (Internal) | |
| ABSTRACT: | Vancouver, January 16th, 2018 – King’s Bay Resources Corporation (TSX.V: KBG), (FSE: KGB1), is pleased to announce that it has received the assays back from Phase 1 of the drilling on King’s Bay’s 100% owned Lynx Lake Copper-Cobalt Project in southeastern Labrador. King’s Bay completed two diamond drill holes totaling 501.9 meters of drilling spaced 156.0 meters apart at the Lynx Lake Property. King’s Bay is currently reviewing results and plan to assemble a team specializing in geostatistics and structural analysis to delineate additional drilling targets to identify potential zones of economic mineralization. More work will be conducted in the southern claims at Lynx Lake in the 2018 field season. The drill hole placement and orientation were determined based upon the amalgamation of the previously flown VTEM survey anomalies and the bedrock structure in the West Pit. The previously announced VTEM results identified an anomaly that is anticipated to be ranging in depth from 50-300 meters and estimated to be approximately 400 meters in diameter. Kevin Bottomley states “The results from our 2 preliminary holes at Lynx Lake are encouraging. The fact that we are encountering similar geochemical results in both holes that are over 150 meters apart is significant. Lynx Lake is road accessible from right off the Trans Labrador highway. This will allow King’s Bay to continue to define the area at a relatively low cost.” | |
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