EQS-News

Kings Bay Acquires 100% Interest in Three Additional Cobalt Properties in Quebec - Seite 2

Broadback River Cobalt Property

The Broadback River Project is located only 24 kilometers northwest of the Nuinsco Discovery zone and consists of 9 mineral claims encompassing 1035 acres. The property can be easily accessed by the James Bay Road north from Matagami and then by woods roads to the property approximately 75 kilometers inland.

In 1985 a magnetic and electromagnetics survey was flown by the Quebec Ministry of Natural Resources that uncovered several large conductors. In 1999-2000 Falconbridge Ltd. took 152 samples

and uncovered semi massive sulphide assaying 0.7% Ni, 0.3 Cu, and .09% Co but only drill tested the northwestern portion of the property. All southeastern conductors remain untested.

Regional Geology- The area is Archean in age and dominated by intrusive gabbro which cuts felsic and mafic volcanics and iron formation of the Frotet-Evans Belt.

Roberge Cobalt Property

The Roberge Project is located 2.1 kilometers southeast of Chesterville, Quebec and consists of 3 mineral claims encompassing 443 acres. The property is easily assessable by a paved road which runs through the property. Soil sampling on the property revealed several anomalous sediment samples assaying up to 1.06% cobalt. The work was done by the Quebec Government through a regional soil sampling program and can be found in open report DV 84-16.

Exploration Program


King's Bay has begun assessment report translation (French to English) and data compilation along with the initiation of constructing an exploration plan consisting of sampling, localized mapping and channel sampling which will be completed this spring to reconfirm historical results.

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.

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."