Advancing a cobalt-rich portfolio of discovery-ready exploration projects in Canada

ZURICH, SWITZERLAND / ACCESSWIRE / February 6, 2017 / The new year started with a strong newsflow for King’s Bay Gold Corp. (TSX.V: KBG) and its market valuation has appreciated by about 125%, currently at $7 million CAD with 41 million shares issued last trading at $0.18 on the TSX.V. After raising about a million dollars, the company officially closed the acquisition of the Lynx-Lake Property and increased its land package by a factor of 12 to a total of 240 km2 in order “to adequately cover the geological structures and geophysical signatures of interest” (i.e. King’s Bay sees extensive potential for multiple deposits in the area).

The permit for an airborne electro-magnetic study has been received recently. This important geophysics survey is expected to start once weather conditions permit, with the goal of identifying specific targets for a subsequent drill program to discover a potentially cobalt-rich deposit beneath shallow overburden. A VLF survey by previous owners has indicated strong conductors in the subsurface in several areas of the property.

Today, King`s Bay announced the 100% acquisition of 3 additional properties, this time in Québec, all of which provide excellent exploration potential for cobalt, nickel and copper to follow-up on promising historic results from surface sampling and regional geophysics.

The company is now planning exploration programs at these 3 newly added properties, consisting of grab and channel sampling, mapping and prospecting, to confirm historic results and potentially identify new targets. Within a short time, King’s Bay’s management has executed on its ambitious plan of assembling a diverse portfolio of compelling exploration projects in safe jurisdictions focused on cobalt and high-tech metals, in order to find viable sources of supply for this emerging fast-growth sector which is still much dependent on foreign resources. King’s Bay will continue to seek out and evaluate properties showing prospect for development, and acquire accordingly for immediate exploration by King’s Bay and/or joint venture partners. Kevin Bottomley, President & CEO of King’s Bay commented today:

“The price for cobalt continues to rise and thus we feel having a greater portfolio of cobalt bearing projects provides the best value for our shareholders. Quebec has a strong history of successful mining ventures and King’s Bay is pleased to build on the exploration work that was
done by Falconbridge Ltd. in early 2000.”

The full report can be accessed with
the following links:

English (PDF): http://rockstone-research.com/images/PDF/KingsBay3en.pdf

English (web version): http://rockstone-research.com/index.php/en/research-reports/2429-Advancing-a-cobalt-rich-portfolio-of-discovery-ready-exploration-projects-in-Canada

German (PDF): http://rockstone-research.com/images/PDF/KingsBay3de.pdf

Disclaimer:
Please read the full disclaimer within the full research report as a PDF as
fundamental risks and conflicts of interest exist.

SOURCE: Rockstone Research

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