WINNIPEG, MANITOBA --- Dec. 11, 2006) - King's Bay Gold Corp. KBG/TSXV and Mainstream Minerals Corp. are pleased to announce the discovery of many new ultra high-grade gold veins at the Bobjo Mine, Dent and Earngey Townships, Red Lake District of Ontario. Surface grab sampling of one vein, with a width of approximately 6 metres, has just returned ultra high-grade gold values of up to 2,942.7 g/t (85.84 oz/t) and 806.9 g/t (23.54 oz/t) from amongst the samples taken.
The partners have just recently completed a ground stripping program using a bulldozer and a backhoe. As a result, many new gold bearing quartz veins, shears and stringers were exposed. Of the many new dozens of criss-crossing gold bearing entities only a dozen or so have been sampled to date. Most flat lying veins could not be sampled properly so a channel sampling program will be carried out in the not too distant future.
Only approximately 80 acres have been stripped to date. However the partners intend to strip an additional 200 more. Presently, more claims are being staked and a geophysical survey (Mag/VLF) will be carried out over the entire land mass as well as over the ice on both sides of the peninsula.
Other veins and stringers also returned very high-grade gold values including 55.34 g/t (1.61 oz/t), 42.65 g/t (1.24 oz/t), 42.37 g/t (1.23 oz/t), 36.89 g/t (1.07 oz/t), 36.23 g/t (1.05 oz/t), etc.
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