King's Bay Gold to Commence Exploration Program at Rowan Mine, Red Lake.WINNIPEG, Manitoba -- King's Bay Gold Corp. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:KBG KBG Kentucky Bluegrass KBG King's Bay Gold Corporation (stock symbol) KBG Katherman, Briggs & Greenberg, LLP KBG Kick Butts Generation (Delaware anti-tobacco youth movement) ) is pleased to announce that a minimum $1,250,000 exploration program including an aggressive diamond drill program is scheduled to commence in the next 10 days on Goldcorp Inc's (TSX:G) 117 claim Rowan rowan ash tree which guards against fairies and witches. [Br. Folklore: Briggs, 344] See : Protection Lake gold project located in the prolific Red Lake mining camp, Red Lake, Ontario Red Lake is a municipality and census subdivision 535 km north-west of Thunder Bay, Ontario, Canada. The municipality consists of 6 small towns ( Balmertown, Cochenour, Madsen, McKenzie Island, Red Lake and Staratt-Olsen) and has a local population of approximately 8,500 people. . The Property is host to many gold showings and the Rowan Gold Mine which has a shaft shaft (shaft) a long slender part, such as the diaphysis of a long bone. shaft n. 1. An elongated rodlike structure, such as the midsection of a long bone. 2. with three levels of development, that is reported to host an estimated resource of 160,000 tonnes grading 14.0 grams per ton gold (Resource estimated prior to NI 43-101 standards and considered an historical estimate). Source: Chevron Minerals Ltd Report, Fumerton (1990). Verified by Mr. Gerald L. Colborne, B.Sc., M.Sc., P.Eng., P.Geol., F.G.A.C., M.C.I.M. There are many gold intersections exceeding 1.0 ounce per ton gold up to 16.85 ounces per ton gold. It is indicated that the system remains open at depth and along strike. This suggests that the prospect of outlining additional resources is good. King's Bay can earn a 50% interest in the Goldcorp Rowan Lake gold project by incurring expenditures of $3,500,000 on or before December 31, 2008 in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with the following schedule: a) $1,250,000 on or before December 31, 2006, b) $1,250,000 on or before December 31, 2007 and c) $1,000,000 on or before December 31, 2008. (See December 12, 2005 news release) Geologist John Archibald (qualified person under NI 43-101), Mr. Gerald L. Colborne, B.Sc., M.Sc., P.Eng., P.Geol., F.G.A.C., M.C.I.M and exploration manager Ron Rivet will be supervising drill hole planning, implementation and quality control programs with Goldcorp overseeing. "I would like to thank our shareholders for supporting and believing in our growing company. Special thanks to those who participated in our most recent private placements, where Wellington West Capital Inc. acted as lead agent. We look forward to the commencement of this exploration program and working closely with Goldcorp on this high potential Rowan Lake gold project" states Richard Rivet, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of King's Bay Gold. About King's Bay Gold King's Bay is unique in the industry in that it owns most of the equipment required to carry out the various phases of exploration. This includes diamond drills, bulldozers and other exploration equipment, which gives King's Bay the ability to quickly adjust work programs as exploration results are realized and company strategies change. This very active Canadian mineral exploration company is debt free, well financed and has assembled a very impressive portfolio of precious metal prospects, including strategic locations in the Red Lake and Pickle pickle, general term for fruits or vegetables preserved in vinegar or brine, usually with spices or sugar or both. Vegetables commonly pickled include the beet, cabbage, cauliflower, cucumber, olive, onion, pepper, and tomato. Lake gold camps. Outstanding Shares: 30,141,000 Working Capital: $3,000,000.00 On behalf of the Board: Richard Rivet, President & CEO Some of the statements contained in this release are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , such as estimates and statements that describe KBG's future plans, objectives or goals, including words to the effect that KBG or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. does not accept responsibility for the ad equacy or accuracy of this release. King's Bay Gold Corporation (TSX VENTURE:KBG) |
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