Kinbauri Intersects More High Grade Gold At El Valle in NW Spain
16 September 2008 - 10:00PM
Marketwired Canada
Kinbauri Gold Corp. ("Kinbauri") (TSX VENTURE:KNB)(FRANKFURT:3KG.DE) has
completed its successful in-fill drilling program at El Valle (two holes that
were initiated during the in-fill program will be completed during the 2nd half
of 2008). The results received to date will form the basis for a new 43-101
compliant technical report and Scoping Study, both of which are presently
underway.
Six of the 11 holes reported in this release are in Area 107 zone and are
highlighted by the following intercepts:
- 8.6 g Au/t, 45.5 g Ag/t and 2% Cu over 14.25 m in 08KV1160,
- 26.6 g Au/t, 9.9 g Ag/t and 0.5% Cu over 7.4 m as well as 41.9 g Au/t, 0.2 g
Ag/t and 0.3% Cu over 3.5 m in 08KV1161.
The remaining five holes complete the in-fill drilling of the Black Skarn North
zone.
Recent drill results
Assays for the latest 11 in-fill holes are summarized as follows:
HOLE (DDH)(1) From To Interval % Au Ag Cu Zone/Section
(m) (m) (m) (2) (g/t) (g/t) (%) (3)
--------------------------------------------------------------------------
08KV1166 80.20 81.55 1.35 34 15.75 86.30 1.98 BSN/12.5
less
than
08KV1166 86.10 87.70 1.60 " 2.55 0.32 0.01
--------------------------------------------------------------------------
08KV1165 255.85 259.00 3.15 89 2.18 4.00 0.05 A107/9.5
--------------------------------------------------------------------------
08KV1164 62.25 65.45 3.20 80 2.54 6.76 0.13 BSN/1025
08KV1164 67.20 72.80 5.60 " 3.73 7.24 0.19
--------------------------------------------------------------------------
08KV1163 118.40 127.50 9.10 23 1.00 9.50 0.96 BSN/12.5
08KV1163 133.40 135.60 2.20 " 2.53 13.22 0.36
08KV1163 140.00 142.50 2.50 " 6.11 65.50 2.61
08KV1163 207.00 219.60 12.60 " 3.83 33.18 1.46
--------------------------------------------------------------------------
08KV1161 191.00 209.10 18.10 97 13.74 5.22 0.37 A107/9.5
including 201.70 209.10 7.40 " 26.59 9.92 0.51
08KV1161 224.30 238.40 14.10 " 11.76 0.20 0.09
including 234.90 238.40 3.50 " 41.85 0.24 0.29
08KV1161 243.60 245.10 1.50 " 1.47 0.49 0.25
--------------------------------------------------------------------------
08KV1160 64.95 88.40 23.45 67 5.81 30.29 1.36 A107/9.5
including 70.40 84.65 14.25 " 8.60 45.46 2.02
--------------------------------------------------------------------------
08KV1158 No Au intercepts greater than 2g/t BSN/11.5
--------------------------------------------------------------------------
08KV1155 48.00 50.40 2.40 72 2.33 22.83 1.19 BSN/10
including 49.30 50.40 1.10 " 2.88 30.20 1.85
08KV1155 58.30 68.10 9.80 " 1.05 8.12 0.58
08KV1155 80.05 81.50 1.45 " 0.77 11.30 0.58
08KV1155 82.90 84.30 1.40 " 2.06 13.00 0.66
--------------------------------------------------------------------------
08KV1151 174.45 176.25 1.80 88 2.15 1.60 0.17 A 107/8.5
08KV1151 193.20 196.10 2.90 " 7.51 6.98 0.04
including 194.70 196.10 1.40 " 12.65 7.60 0.06
--------------------------------------------------------------------------
08KV1150 61.35 63.20 1.85 67 3.60 19.60 0.80 A 107/1175
--------------------------------------------------------------------------
08KV1146 298.60 303.45 4.85 99 2.81 4.07 0.75 A 107/10
including 301.45 303.45 2.00 " 4.08 6.40 1.09
--------------------------------------------------------------------------
(1) See Schedules A and B for Location. (2) Percentage estimate of True
Thicknesses. (3) BSN - Black Skarn North, A107 -Area 107;
The underground drill program at El Valle and Carles is being supervised by Mr.
Santiago Gonzalez-Nistal, Kinbauri Espana's senior geologist, with quality
control being provided by Dr. C. F. Gleeson, P. Eng., Kinbauri's Vice-President
of Exploration: both are qualified persons as defined by N.I. 43-101. Details
of Kinbauri's Assay and Quality Assurance Programs are reported in a press
release of February 27th, 2008.
This press release was prepared by Drs V. N. Rampton, P. Eng and C. F. Gleeson,
P. Eng. in their capacity as qualified persons.
Schedules are available at the following address:
http://media3.marketwire.com/docs/KNB-0916.pdf
About Kinbauri
Kinbauri is a TSXV - Tier 1 Mineral Exploration Company focused on the
development of mineral properties, primarily precious metal prospects in
northwestern Spain, Nevada and Canada. Its immediate focus is to expand and
upgrade resources to reserves at the El Valle property in Asturias, Spain in
order to start operations at the mine and existing mill complex there in 2010.
It currently has 48,752,695 common shares issued and outstanding.
THIS PRESS RELEASE WAS PREPARED BY KINBAURI GOLD CORP. THE TSX VENTURE EXCHANGE
DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This press release contains certain forward-looking statements, which are based
on the opinions and estimates of management at the date the statements are made,
and are subject to a variety of risks and uncertainties and other factors that
could cause actual events or results to differ materially from those projected.
Kinbauri undertakes no obligation to update forward-looking statements if
circumstances or management's estimates or opinions should change. The reader is
cautioned not to place undue reliance on forward-looking statements.
OR VISIT:
Kinbauri Gold's Hub at http://www.agoracom.com/IR/kinbauri where investors can
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