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KNB Kinbauri Gold Corp Com Npv

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Share Name Share Symbol Market Type
Kinbauri Gold Corp Com Npv TSXV:KNB TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Drilling Extends Area 107 at Kinbauri's El Valle Project Drills 24g Au/t and 2.5% Cu Over 3.5 Metres

11/09/2007 5:33pm

Marketwired Canada


Kinbauri Gold Corp. (TSX VENTURE:KNB) ("Kinbauri") is pleased to announce the
third set of assay results from its on-going 7,000 metre drill program at the El
Valle project in northwestern Spain. Kinbauri continues to be on track toward
defining sufficient resources to allow recommencement of production, given
reasonable conversion to reserves. Definition drilling will commence in October.
Area 107 and Black Skarn North are being targeted for their continuity of gold
and copper mineralization and proximity to the existing mining and milling
infrastructure. Results from the four holes are summarized below:
http://www.ccnmatthews.com/docs/TA0911.pdf .


Drill holes 07KV1020, 07KV1018 and 07KV1017 indicate that Area 107 (hosting high
grade epithermal mineralization) extends a minimum of 150 metres SE of Area 107
as previously defined by Rio Narcea Gold Mines, Ltd. (See Schedule A). In
addition, 07KV1021, drilled 50 meters west of 07KV1020, shows structural
overprinting on skarn mineralization that characterize Area 107 and similar to
that recorded at 07KV1009 (11.10g Au/t and 0.46% Cu over 25.5 metres) and
07KV1020; confirmation of gold/copper contents are awaiting assays. Taken
together with previously reported assays (Kinbauri's releases of July 19th, 2007
and August 22nd, 2007), the present results indicate a total strike length of
over 800 metres for the Area 107 gold-bearing structure.


Drill hole 07KV1019 targeted the westward extension of Black Skarn North
("NBS"). Underground development to be completed in the next quarter will allow
better assessment of how the mineralization encountered in 07KV1019 relates to
that in Black Skarn North (Val 1001: 3.20g Au/t and 0.50% Cu over 46.3 meters;
approximately 30m east of 07KV1019) and Black Skarn West (Val 1033: 3.73g Au/t
and 0.53% Cu over 53.9m; approximately 30m west of 07KV1019).


The on-going underground drill program will be completed by late September. 
Underground development during the next quarter will provide drill platforms to
allow further exploration and definition of Area 107 and the Black Skarn zones.
The drill program were being supervised by Mr. Santiago Gonzalez, 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 Quality Assurance
Program are reported in the press release of July 19th, 2007. The Quality
Assurance Program for RNGM's drill holes are reported in their press release of
January 20th, 2006.


This press release was prepared by Dr. V. N. Rampton, P. Eng in his capacity as
a qualified person. Dr. Rampton will record a "Beyond The Press Release" on the
Company's official Investor Relations Site at
http://www.agoracom.com/ir/kinbauri, where these developments will be discussed
in detail. The recording is expected to be available on or after September 13th,
2007.


About Kinbauri: Kinbauri is a TSXV - Tier 1 mineral exploration company focused
on the development of 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 with a view to recommencement of
operations at the mine and mill complex there. It currently has 43,372,320
common shares issued and outstanding; 67,056,236, fully diluted.


About Kinbauri's Targets at El Valle: The El Valle project was first identified
in 1992 when several areas having significant gold mineralization were
discovered. After the 1996 Feasibility Study by RNGM, additional gold deposits
were discovered, including Area 107, Black Skarn North, Sienna, Charnela,
Charnela South, Caolinas and Area 208. These discoveries indicate that the El
Valle area has excellent potential for discovery of additional gold
mineralization. Some locations may have potential to combine the mining of large
tonnage, low grade deposits concurrently with lower tonnage, high grade
deposits.


Kinbauri is targeting Area 107 and Black Skarn North at El Valle in its on-going
exploration program as these zones have the potential for rapid delineation of
reserves to support a mining operation, due to their proximity to existing mine
workings and continuity of mineralization.  As of March 21, 2007 Ore Reserves
Engineering in a NI 43-101 compliant technical report estimated indicated
resources of 12,000 ounces gold (38,000 tonnes at 9.8g Au/t) and inferred
resources of 342,000 ounces gold (913,000 tonnes at 11.6g Au/t) for Area 107 and
inferred resources of 73,000 ounces gold and 5,000 tonnes copper (445,000 tonnes
at 5.1g Au/t and 1% Cu) for Black Skarn North. Drilling of Area 107 by Kinbauri
has extended high grade mineralization at depth and to the north and south,
whereas drilling of Black Skarn North has focused on extending the continuity of
the mineralization to the east and west.


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.


The map of "Longitudinal section through area 107" is available at the following
address : http://www.ccnmatthews.com/docs/sc0911.pdf .


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