K9 Gold Corp. Receives $4.2 Million for Drilling Program and Identifies Additional Exploration Targets - Seite 2

Additionally, K9 gold said that the 3D Magnetic Inversion study that was announced this week offers key guidance and when combined with previous ground work (sampling of rocks and tills), these inversions will provide a valuable guide to the next phases of exploration for the company.  In particular, K9 Gold says that four areas have been identified as high priority targets for phased follow-up ground geophysical surveys.  Two of these targets (Jumper's Pond and Moonlight) have been selected for the first phase of Induced Polarization (IP) surveying, for a total of 60-line kilometers.

These latest test results come on the heels of a January 2021 report interpreting the data collected from the airborne geophysical survey that K9 Gold conducted on its Stony Lake Project, where the company announced that it has met its objective to outline linear trends that demonstrate changes in resistivity due to faulting, alteration, sulfide mineralization, and intrusive activity.  K9 Gold says the report shows that the Versatile Time Domain Electromagnetic (VTEM) survey has actually identified a number of linear trends, and the interpretations in the report are offering a trove of valuable information that K9 Gold will use to refine plans for its upcoming 2021 field season, which the company says includes drilling.

K9 Gold’s Chief Executive Officer, Jeff Poloni, explaining the findings in the report, said, “Areas of reduced resistivity can be correlated to a higher conductivity, and these were seen in the northwestern corner where we might find a spherical intrusion of some kind, and along the eastern boundary of the survey where we detect linear anomalies, almost parallel to the trend of the geological layering.  These most likely relate to shear zones, which are commonly more conductive than undisturbed lithologies due to the possible presence of graphite or other more conductive minerals.”

The Stony Lake Project covers more than 13,000 hectares and 27 kilometers of favorable trend between Sokoman Minerals Corp.’s Moosehead high-grade gold discovery to the northeast, Marathon Gold Corp.’s Valentine Lake deposit to the southwest, and New Found Gold Corp. operates its Queensway high-grade gold Project to the northeast of K9 Gold’s property. 

All of the company’s latest news has led the company to state that its 2021 field program will now include a program of till sampling to cover areas of the property where little previous work has been done.  K9 Gold said that traverses will be established at 1.0 km intervals and samples will be taken at every 250 meters along the lines.