K9 Gold Corp. Yielding High Quality Gold Samples at Stony Lake Project as CEO Discusses Company’s Promising Exploration - Seite 2

SMMG: For the average investor who isn’t familiar with exploration in the mining industry, can you explain what is the significance of where the Stony Lake Project is situated geographically?

Jeff Poloni: “The property covers a 27-kilometer long portion of the Cape Ray Valentine Lake structural zone, the host to several advanced-stage gold projects. Included are both Marathon’s Valentine Lake and Sokoman’s Moosehead project. The importance of faults in this zone is that it allows gold-bearing hydrothermal fluids to leak upwards from a deeper intrusive source.”

SMMG: And for investors who aren’t versed in the industry’s language, what does “of favorable trend” and “significant structural trend” mean?

Jeff Poloni: “Since many mineral deposits are related to major structures, such as faults and shear zones, geologists always look for geological settings that are similar to known districts hosting major mines. Such areas are often referred to as both ‘a favorable trend’ and a ‘significant structural trend.’  In reality, the two terms are pretty much fully interchangeable.”

SMMG: What did the company learn from the 2019 airborne magnetometer, radiometrics, and VLF-EM survey it had done, and how will K9 Gold Corp. capitalize on that information now?

Jeff Poloni: “The 2019 airborne survey provided the data to allow an interpretation of the structural patterns (first and second-order faults) underlying the upper sedimentary rocks. This has given us more specific targets for this next phase of exploration. This is of particular significance since we have found gold mineralization both in the intrusive rocks and within the overlying sediments.”

SMMG: Additionally, you have announced the mobilization for a VTEM survey has begun. What do you hope to learn from this survey?

Jeff Poloni: “The VTEM survey will give us even more definition of mineralized structures. Along with the LiDAR, Imagery and mapping it will allow us to correlate gold mineralization and structure.”

SMMG: K9 Gold Corp. announced that it is well funded, having raised gross proceeds of $3.5 million in 2 separate private placements, so what have you earmarked these funds for?

Jeff Poloni: “Yes, we are well-funded having raised $2.5 million in one private placement, and an additional $1 million in another private placement, which was led by Palisades Goldcorp, a major backer in the area. 

“These funds will be used for this first phase of exploration, which consists of till sampling, mapping, orthophotos, LiDAR, and VTEM airborne geophysics. It will also fund an initial drill program at our Stony Lake Project.”