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K9 Gold Corp.’s Stony Lake Project Ideally Positioned for Success in Central Newfoundland’s “Gold Belt” - Seite 2

Nachrichtenquelle: globenewswire
30.11.2020, 15:00  |  567   |   |   

Last week, K9 Gold reported that on-going interpretive work on the Stony Lake property has yielded several direct comparisons with the Sokoman Minerals Corp. Moosehead discovery, immediately to the northeast of Stony Lake's Jumper's Pond area.  And, according to the company, the similarities increase K9 Gold's confidence in the prospectivity of the Jumper's Pond area.

The company’s latest news comes on the heels of an announcement that Overburden Drilling Management has completed the preliminary phase of till sampling at Stony Lake. The program followed up on an on-going compilation of historic exploration work on the property that has identified a large area with highly anomalous gold values in tills collected in 1989 by Teck Explorations Limited.  The company said that these samples are clustered around the Island Pond - Moccasin Lake area in the central part of the property.

Jeff Poloni stated that calculated visible gold assays, by Overburden Drilling, yielded 15 samples with values over 1500 parts per billion, four of which had values of approximately 11.8, 12.8, 14.1, and 19.5 grams per tonne gold.  

Further, analysis of a non-magnetic heavy mineral concentrate by Chemex Labs, yielded 16 samples with values greater than 1,000 parts per billion gold.  And four of these samples were reported as greater than 10,000 parts per billion gold, which was the upper detection limit.  

K9 Gold reports that the first phase of mapping and sampling to follow up on the anomalous 2019 results covering the northeast section of the property is complete, with samples shipped for whole rock and geochemical analysis.

Poloni is confident in both his company’s future and the future of gold in the region.  “I believe the long-term outlook for gold will have investment moving into the sector.”  And moving in they are.  Investors are dedicating money to exploration in the region to quench their suspicions and to support a myriad of promising projects, including the $3.5 million that K9 Gold has secured in the last few months to further the first phase of exploration at Stony Lake and fund an initial drill program. 

To learn more about K9 Gold Corp., visit https://www.k9goldcorp.com or call toll free (833) 434-GOLD

About K9 Gold Corp.

K9 Gold Corp. is a mineral exploration company headquartered in Vancouver, British Columbia, Canada, and currently exploring for gold in Central Newfoundland.

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K9 Gold Corp.’s Stony Lake Project Ideally Positioned for Success in Central Newfoundland’s “Gold Belt” - Seite 2 NEW YORK, NY, Nov. 30, 2020 (GLOBE NEWSWIRE) - K9 Gold Corp.’s (OTC Pink: WDFCF) (TSXV: KNC) (FSE: 5GP) Stony Lake Project is perfectly situated among extremely good company in an area that has become a gold-mining hotbed and affectionately …

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