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K9 Gold Confidently Awaits Analytical Results from Drilling Program on Property in Newfoundland’s Gold Mining Hotbed

NEW YORK, NY, Dec. 08, 2021 (GLOBE NEWSWIRE) -- K9 Gold Corp. (OTC Pink: WDFCF) (TSXV: KNC) (FSE: 5GP) continues to learn a great deal from its inaugural drilling season on the company’s vast Stony Lake Project, which is nestled comfortably within the suddenly popular Exploits Subzone Gold Belt in Central Newfoundland. But it’s what the company hasn’t learned yet that could be the most exciting piece of the early puzzle K9 Gold is developing from its recently ended 2021 drilling program.  It’s often said that the waiting is the hardest part, so, what K9 Gold is expecting could prove to be well worth the wait.  The problem is that testing laboratories throughout Canada are overwhelmed with work from mining companies, both big and small, awaiting analytical results, and much of that work is coming from companies mining in the Exploits Subzone Gold Belt. 

Waiting patiently in line for analytical data are K9 Gold’s executives who, like their shareholders, are beaming with excitement for those results to be received by the company.  Data could confirm what the discovery of several necessary key factors during drilling are suggesting—and that is the potential for higher grade zones of gold mineralization.  These results are crucial to the company’s next steps and will allow K9 Gold’s team to further plan its drilling operations which are expected to commence after the Christmas break.

Chris M. Healey, P.Geo, who is the Chief Geologist for K9 Gold, said of the delay, “Like every other company working in Newfoundland, we are quite frustrated with delays in getting analytical results.  This speaks volumes about the excitement generated in the Exploits Subzone Gold Belt and the sheer volume of drill core samples being submitted, which have inundated laboratories across Canada.  When you hear that one company is shipping samples to Australia for analysis, you know that this is an unprecedented situation.  

“Drill results to date have allowed us to concentrate on a highly prospective zone in the Jumper’s Pond area.  And that is exactly where most of our pending analytical results are from.”

In its Phase 1 drilling program, the company completed 6,865 meters of diamond drilling on a total of 24 drill holes—18 of which were drilled in the Jumper’s Pond area on the Stony Lake property.  The goal was to test potential mineralized targets in the Lawrenceton volcanics below the Botwood sediments.  K9 Gold has stated that multiple wide zones of shearing, brecciation with quartz veining exhibiting a pyrite-arsenopyrite-stibnite mineral association have been intersected in the volcanics below the Botwood sediments.

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Nachrichtenquelle: globenewswire
08.12.2021, 14:50  |  108   |   |   

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K9 Gold Confidently Awaits Analytical Results from Drilling Program on Property in Newfoundland’s Gold Mining Hotbed NEW YORK, NY, Dec. 08, 2021 (GLOBE NEWSWIRE) - K9 Gold Corp. (OTC Pink: WDFCF) (TSXV: KNC) (FSE: 5GP) continues to learn a great deal from its inaugural drilling season on the company’s vast Stony Lake Project, which is nestled comfortably within …

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