K9 Gold Corp. (TSXV: KNC) (OTC Pink: WDFCF) (FSE: 5GP) (“K9” or the “Firm”) is happy to report that the Firm has obtained outcomes from an orientation until sampling survey carried out on its Stony Lake mission, central Newfoundland. The target of the survey was to find out whether or not or not this kind of survey will establish targets for additional exploration work. A number of areas of curiosity had been recognized which correlate nicely with earlier exploration work, together with zones outlined by prospecting work and goal areas outlined by varied airborne geophysical surveys. Until sampling has then been demonstrated to be a value efficient method to judge massive areas of the property which have obtained minimal floor protection thus far. This new data might be used to refine plans for the upcoming 2021 discipline season which incorporates drilling.
Overburden Drilling Administration (ODM), of Nepean, ON was contracted to carry-out the orientation until sampling survey. Seventy-six samples (10 to 12 kg every) had been collected of C-horizon basal until (74 websites, with 2 duplicate samples taken) from hand-dug pits, usually
Analytical outcome present that there are seen gold grains in all however seven of the 76 samples collected. This contains fourteen with >10 grains and three with >20 grains. Outcomes of the geochemical evaluation present that 42% (32 out of 76) of the samples returned gold values of >500 ppb. This contains 5 with values >5000 ppb (most 17,900 ppb Au).
The outcomes correlate nicely with earlier work. Particularly, pattern SLET-20-027, with a non-magnetic HMC gold content material of 17,900 ppb within the Rabbit Tracks space, is situated very near a cluster of excessive grade boulders (as much as 6.3 g/t Au). A broad space of elevated gold in tills within the Jumper’s Pond space correlates nicely with an space recognized as a excessive precedence goal for observe up from the lately reported VTEMTM survey (firm Information Launch January 7, 2021).
The 2021 discipline program will now embrace a program of until sampling to cowl areas of the property will little earlier work. Traverses might be established at 1.0 km intervals and samples taken each 250m alongside the traces.
Information Releases from different corporations energetic within the Central Newfoundland Gold Belt proceed to extend the profile of this newly rising gold district. For instance, on November 19, 2020 Sokoman Minerals introduced drill outcomes which included two zones in gap MH-20-115, 47.2 g/t Au over 4.60m and 68.3 g/t Au over 8.10m at their Moosehead mission, instantly adjoining to K9’s Stony Lake property. On December 15, 2020, New Discovered Gold introduced intercepts of 45.3 g/t Au over 13.1m in gap NFGC-20-32 and 25.0 g/t Au over 16.9m in gap NFGC-20-29 at their close by Queensway property.
The Firm is happy to announce the appointment of Chris M. Healey, P.Geo. as a Director of the Firm. Concurrently, Alexander Helmel has resigned as a Director.
Mr. Healey earned a Bachelor of Science diploma in geology from the College of Wales in 1968 and is an expert geologist licensed in Newfoundland, Saskatchewan and British Columbia. Mr. Healey brings over 50 years of expertise within the pure sources business, overlaying all facets, from early stage exploration via improvement to manufacturing. Starting his profession with Worldwide Nickel Firm (now Vale Restricted), he went on to work with Cameco Company – one of many world’s largest uranium producers. Extra lately, Mr. Healey was President & CEO of Titan Uranium Inc., a Tier One TSX.V listed firm, the place his duties included the allowing of a serious mine and mineral restoration facility. As nicely, Mr. Healey has served because the nationwide president for the Geological Society of Canadian Institute of Mining, Metallurgy and Petroleum and has revealed a number of papers on useful resource and reserve evaluations.
K9 CEO Jeff Poloni states “I want to thank Alex for his assist in shifting the corporate ahead and need him continued success. I’m extraordinarily excited to have Chris come on board; his wealth of data and expertise will help K9 within the subsequent part of exploration at Stony Lake.”
About Stony Lake Challenge
The Stony Lake mission lies inside the Cape Ray/Valentine Lake structural development in Central Newfoundland, mendacity parallel to that of New Discovered Gold’s Queensway mission, alongside the prolific Canine Bay Line. The mission covers 13,625 ha and 27 kilometers of favorable development between Sokoman’s Moosehead discovery to the northeast and Marathon’s Valentine Lake deposit to the southwest.
At Stony Lake, massive areas of serious gold mineralization happen primarily in altered Botwood sediments and quartz-feldspar porphyry intrusives related to intense silicification, sericite-chlorite-carbonate alteration and a powerful pyrite-arsenopyrite mineralogical affiliation. These options point out epizonal/mesozonal temperatures for the hydrothermal fluids and assist the exploration mannequin of hydrothermal fluids leaking upwards into the Botwood sediments from a deeper igneous intrusive supply. This space is now known as the Exploits Subzone gold district which basically covers the Silurian-age clastic sediments surrounding the Mount Peyton intrusive.
Previous to the 2020 discipline season, airborne geophysical protection, with follow-up floor prospecting and sampling, has led to the identification of eight space of extremely anomalous to excessive grade gold mineralization. The gold mineralization is hosted in a wide range of environments, together with quartz-feldspar porphyries, diminished sandstones, quartz stockworks and quartz veins. The property hosts each widespread low grade mineralization (as much as 4.0 g/t Au) inside the Botwood Formation and excessive grade veins (>4.0 g/t Au) within the basement rocks under the Botwood, much like the close by New Discovered Gold Queensway mission, and the instantly adjoining Sokoman Minerals Moosehead discovery.
On-going interpretive work on the Stony Lake property has yielded a number of direct comparisons with the Sokoman Minerals Corp Moosehead discovery, instantly to the northeast of Stony Lake’s Jumper’s Pond space (word – this space was beforehand named “Flyers Grid,” and since important parts of the historic Flyers Grid lie off K9’s property, K9 has renamed the world to keep away from confusion).
Revealed data on the Moosehead discovery signifies that the mineralization is spatially associated to remodeling of a serious basement construction which is probably going the primary pathway for the mineralizing fluids. The spatial affiliation of the faulting with mafic intrusives seems to be extremely important. The Moosehead mineralization is hosted by N to NW trending and east dipping faults, which look like associated to meso-scale anticlinal folding. Some of these mineralizing programs usually have nice lateral and depth extents (measured in kilometers).
Current (2019) and historic (2001) geophysical work on the Jumper’s Pond space strongly suggests the presence of a giant fold construction that plunges to the NE in direction of Moosehead, in addition to a number of NW-trending structural options. The presence of mafic rocks can also be indicated for this space. The key fault construction associated to the Mooseheads discovery can clearly be traced by regional magnetics for five – 6 km onto the Stony Lake property. These similarities improve K9’s confidence within the prospectivity of the Jumper’s Pond space.
About K9 Gold Corp
K9 Gold Corp has assembled a highly-experienced and dynamic staff to discover its Stony Lake Challenge. The mission has been acquired District Copper Corp by an possibility settlement, whereby K9 can earn as much as a 100% curiosity within the mission (see Firm launch dated July 30, 2020). The Firm additionally owns a 100% curiosity within the Desert Eagle Vanadium mission situated within the historic Henry Mountains Mining District in SE Utah. The world has seen intensive historic vanadium and uranium mining and is near Anfield Vitality Inc’s Shootaring Canyon mill.
To make sure a secure office atmosphere that protects the well being and security of workers and contractors, K9 Gold follows all federally and provincially mandated and beneficial tips concerning COVID-19.
Chris M. Healey, P.Geo, a Director of K9 Gold Corp., is the certified particular person below NI 43-101 tips who’s liable for the technical content material of this launch, and consents to its launch.
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Disclaimer for Ahead-Trying Info
Sure statements on this launch are forward-looking statements, which mirror the expectations of administration concerning K9’s intention to proceed to establish potential transactions and make sure company adjustments and purposes. Ahead-looking statements include statements that aren’t purely historic, together with any statements concerning beliefs, plans, expectations or intentions concerning the long run. Such statements are topic to dangers and uncertainties which will trigger precise outcomes, efficiency or developments to vary materially from these contained within the statements. No assurance could be on condition that any of the occasions anticipated by the forward-looking statements will happen or, in the event that they do happen, what advantages K9 will get hold of from them. These forward-looking statements mirror managements’ present views and are based mostly on sure expectations, estimates and assumptions which can show to be incorrect. Various dangers and uncertainties might trigger precise outcomes to vary materially from these expressed or implied by the forward-looking statements, together with K9’s incapability to establish transactions having passable phrases or in any respect and the outcomes of exploration or evaluate of properties that K9 does purchase. These forward-looking statements are made as of the date of this information launch and K9 assumes no obligation to replace these forward-looking statements, or to replace the explanation why precise outcomes differed from these projected within the forward-looking statements, besides in accordance with relevant securities legal guidelines.
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