K9 Gold Joins Newfoundland.Gold Strategic Alliance
K9 Gold Joins Newfoundland.Gold Strategic
Alliance
Vancouver, British Columbia--(Newsfile Corp. - May 26, 2021) -
K9 Gold Corp. (TSXV: KNC) (OTC
Pink: WDFCF) (FSE: 5GP) ("K9" or the "Company")
has joined and is one of the founding member
companies of the Newfoundland.Gold strategic alliance group.
Newfoundland.Gold is a strategic marketing alliance of Newfoundland-focused precious metals
companies collectively committed to bringing awareness to an exciting emerging gold district. The
alliance, known as Newfoundland.Gold, is focused on creating innovative capital attraction initiatives to
promote Newfoundland and the member companies.
Newfoundland.Gold will host its launch event, virtual investor days, June 1 to June 3, 2021, on-line. This
on-line event will include corporate presentations from member companies moderated by industry
thought leaders and will feature keynote speakers daily. Registration for the virtual investor days will
open in May.
Newfoundland is experiencing a modern-day gold rush and is a top-ranked exploration and mining
jurisdiction.
Mining is one of Newfoundland and Labrador's largest and oldest industries and a major contributor to
the economy of the province. Known for its strategic location for international transportation and a strong
fishing industry, Newfoundland's mining history dates back centuries.
The founding member companies
Newfoundland.Gold is a strategic marketing alliance established by leaders in Newfoundland and
Labrador's gold exploration and mining sector. The alliance is open to all companies operating projects
in Newfoundland and Labrador. The founding members are:
New Found Gold Corp.;
Exploits Discovery Corp.;
Labrador Gold Corp.;
K9 Gold Corp.;
Leocor Gold Inc.;
C2C Gold Corp.;
Opawica Explorations Inc.;
Sky Gold Corp.
About Newfoundland.Gold
Newfoundland.Gold is a strategic marketing alliance comprising gold exploration and mining companies
focused on the advancement of the mineral sector in Canada's Newfoundland. Collectively, these
industry leaders are committed to bringing awareness to an exciting and supportive jurisdiction while
generating shareholder value through responsible and innovative exploration and development.
Newfoundland.Gold is a member of a collective marketing alliance, NLMines, focused on bringing
awareness to the collective exploration and mining industry in Canada's Newfoundland and Labrador.
Newfoundland.Gold and NLMInes are open to all exploration and mining companies that have a primary
focus on exploration or mining activities in Newfoundland.
K9 Gold acknowledges the financial support of the Stony Lake project by the Government of
Newfoundland and Labrador, through the Department of Industry, Energy and Technology Junior
Exploration Assistance Program.
About Stony Lake Project
The Stony Lake project lies within the Cape Ray/Valentine Lake structural trend in Central
Newfoundland, lying parallel to that of New Found Gold's Queensway project, along the prolific Dog Bay
Line. The project covers 13,625 ha and 27 kilometers of favorable trend between Sokoman's
Moosehead discovery to the northeast and Marathon's Valentine Lake deposit to the southwest.
At Stony Lake, large areas of significant gold mineralization occur primarily in altered Botwood
sediments and quartz-feldspar porphyry intrusives associated with intense silicification, sericite-chlorite-
carbonate alteration and a strong pyrite-arsenopyrite mineralogical association. These features indicate
epizonal/mesozonal temperatures for the hydrothermal fluids and support the exploration model of
hydrothermal fluids leaking upwards into the Botwood sediments from a deeper igneous intrusive
source. This area is now referred to as the Exploits Subzone gold district which essentially covers the
Silurian-age clastic sediments surrounding the Mount Peyton intrusive.
Prior to the 2020 field season, airborne geophysical coverage, with follow-up ground prospecting and
sampling, has led to the identification of eight area of highly anomalous to high grade gold
mineralization. The gold mineralization is hosted in a variety of environments, including quartz-feldspar
porphyries, reduced sandstones, quartz stockworks and quartz veins.
The property hosts both
widespread low grade mineralization (up to 4.0 g/t Au) within the Botwood Formation and high grade
veins (>4.0 g/t Au) in the basement rocks below the Botwood, similar to the nearby New Found Gold
Queensway project, and the immediately adjacent Sokoman Minerals Moosehead discovery.
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 (note - this area was previously named "Flyers Grid," and since significant portions of the
historic Flyers Grid lie off K9's property, K9 has renamed the area to avoid confusion).
Published information on the Moosehead discovery indicates that the mineralization is spatially related
to reworking of a major basement structure which is likely the main pathway for the mineralizing fluids.
The spatial association of the faulting with mafic intrusives appears to be highly significant.
The
Moosehead mineralization is hosted by N to NW trending and east dipping faults, which appear to be
related to meso-scale anticlinal folding.
These types of mineralizing systems typically have great lateral
and depth extents (measured in kilometers).
Recent (2019) and historic (2001) geophysical work on the Jumper's Pond area strongly suggests the
presence of a large fold structure that plunges to the NE towards Moosehead, as well as several NW-
trending structural features.
The presence of mafic rocks is also indicated for this area.
The major fault
structure related to the Mooseheads discovery can clearly be traced by regional magnetics for 5 - 6 km
onto the Stony Lake property.
These similarities increase K9's confidence in the prospectivity of the
Jumper's Pond area.
About K9 Gold Corp
K9 Gold Corp has assembled a highly-experienced and dynamic team to explore its Stony Lake Project.
The project has been acquired District Copper Corp by an option agreement, whereby K9 can earn up
to a 100% interest in the project (see Company release dated July 30, 2020).
The Company also owns a
100% interest in the Desert Eagle Vanadium project located in the historic Henry Mountains Mining
District in SE Utah.
The area has seen extensive historic vanadium and uranium mining and is close to
Anfield Energy Inc's Shootaring Canyon mill.
To ensure a safe workplace environment that protects the health and safety of employees and
contractors, K9 Gold follows all federally and provincially mandated and recommended guidelines
regarding COVID-19.
Chris M. Healey, P.Geo, a Director of K9 Gold Corp., is the qualified person under NI 43-101
guidelines who is responsible for the technical content of this release, and consents to its release.
Toll Free Number: (833) 434-GOLD (4653)
Kosta Tsoutsis
Director
K9 Gold Corp.
email:
Brian Morrison
Chief Financial Officer and Director
K9 Gold Corp.
email:
The Company is listed on the TSX Venture Exchange.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of
management regarding K9's intention to continue to identify potential transactions and make certain
corporate changes and applications. Forward-looking statements consist of statements that are not
purely historical, including any statements regarding beliefs, plans, expectations or intentions
regarding the future. Such statements are subject to risks and uncertainties that may cause actual
results, performance or developments to differ materially from those contained in the statements. No
assurance can be given that any of the events anticipated by the forward-looking statements will occur
or, if they do occur, what benefits K9 will obtain from them. These forward-looking statements reflect
managements' current views and are based on certain expectations, estimates and assumptions
which may prove to be incorrect. A number of risks and uncertainties could cause actual results to
differ materially from those expressed or implied by the forward-looking statements, including K9's
inability to identify transactions having satisfactory terms or at all and the results of exploration or
review of properties that K9 does acquire. These forward-looking statements are made as of the date
of this news release and K9 assumes no obligation to update these forward-looking statements, or to
update the reasons why actual results differed from those projected in the forward-looking statements,
except in accordance with applicable securities laws.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/85191