K9 Gold Receives approval for Trenching Program
#2310 -1177 W. Hastings St.
Vancouver, BC V6E 2K3 Canada
P. 604 662 8184
www.k9goldcorp.com
K9 Gold Receives approval for Trenching Program
December 10, 2020 – K9 Gold Corp. (KNC: TSX-V) (5GP :GR: FSE) (“K9” or the “Company”) is pleased to
announce approval has been granted by the Newfoundl and Department of Natural Resources, Mineral
Lands Division. This will allow the company to com plete trenches in two high priority target areas, t he
Jumper’s Pond and Rabbit Track areas, in the northe rn part of the property. In both areas, multiple ro ck
and float samples have assayed >1.0 g/t Au. The tr enching program will assist in identifying the trend of
the bedrock anomalies, which will then be used to develop a diamond drilling program.
Subsequent to the field work completed in November the company is reviewing the application for an
additional 4 high priority areas for trenching, as a key element in a planned aggressive 2021 explorat ion
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 tre nd 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-carb onate
alteration and a strong pyrite-arsenopyrite mineral ogical association. These features indicate
epizonal/mesozonal temperatures for the hydrotherma l 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 geophysica l 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 e nvironments, 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 proper ty has yielded several direct comparisons with the
Sokoman Minerals Corp Moosehead discovery, immediat ely to the northeast of Stony Lake’s Jumper’s
Pond area (note - this area was previously named “F lyers Grid,” and since significant portions of the
historic Flyers Grid lie off K9’s property, K9 has renamed the area to avoid confusion).
#2310 -1177 W. Hastings St.
Vancouver, BC V6E 2K3 Canada
P. 604 662 8184
www.k9goldcorp.com
Published information on the Moosehead discovery in dicates that the mineralization is spatially relate d
to reworking of a major basement structure which is likely the main pathway for the mineralizing fluid s.
The spatial association of the faulting with mafic intrusives appears to be highly significant. The
Moosehead mineralization is hosted by N to NW trend ing and east dipping faults, which appear to be
related to meso-scale anticlinal folding. These ty pes of mineralizing systems typically have great la teral
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 mafi c rocks is also indicated for this area. The major fault
structure related to the Mooseheads discovery can c learly be traced by regional magnetics for 5 – 6 km
onto the Stony Lake property. These similarities i ncrease 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 locat ed 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 protect s the health and safety of employees and
contractors, K9 Gold follows all federally and prov incially mandated and recommended guidelines
regarding Covid 19.
Chris M. Healey, P.Geo, Consulting Geologist, 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: [email protected]
Telephone: 604 808-9134
Brian Morrison
Chief Financial Officer and Director
K9 Gold Corp.
email: [email protected]
telephone: 604 312-6910
#2310 -1177 W. Hastings St.
Vancouver, BC V6E 2K3 Canada
P. 604 662 8184
www.k9goldcorp.com
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.