K9 Gold to conduct LiDAR and Imagery Study at Stony Lake; Compilation of Historic work reveals Highly Anomalous till samples
#2310 -1177 W. Hastings St.
Vancouver, BC V6E 2K3 Canada
P. 604 662 8184
www.k9goldcorp.com
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K9 Gold to conduct LiDAR and Imagery Study at Stony Lake;
Compilation of Historic work reveals Highly Anomalous till samples
October 8, 2020 – K9 Gold Corp. (KNC: TSX-V) (5GP:G R: FSE) (“K9” or the “Company”) has
commissioned Leading Edge Geomatics of Lincoln, New Brunswick to conduct a LiDAR and Imagery survey
over the Stony Lake Project. The survey will assist with ground mapping to extrapolate geomorphology
and both regional and local geologic structures. This will allow the Company to develop a more focussed
approach to mapping, sampling and prospecting programs.
In addition, the Company is pleased to report that on-going compilation of historic exploration work o n
the property has identified a large area with highly anomalous gold values in tills collected in 1989 by Teck
Explorations Limited. These are clustered around the Island Pond – Moccasin Lake area in the central part
of the property. Calculated visible gold assays, by Overburden Drilling Management, yielded 15 samples
with values over 1500 ppb, four of which had values of 11787, 12754, 14092 and 19502 ppb au. Analysis
of non-magnetic heavy mineral concentrates by Chemex Labs yielded 16 samples with values >1000 ppb
au. Four of these samples were reported as >10,000 ppb au, which was the upper detection limit.
The Stony Lake East project lies within the Cape Ra y/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 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.
#2310 -1177 W. Hastings St.
Vancouver, BC V6E 2K3 Canada
P. 604 662 8184
www.k9goldcorp.com
www.k9goldcorp.com
Jeff Poloni, CEO and a Director of the Company comm ents, “With this survey, along with last year’s
airborne magnetometer/VLF/radiometrics survey and the soon-to-be completed airborne VTEM survey,
we will have developed a solid data base upon which we can build a successful exploration program.”
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
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,
#2310 -1177 W. Hastings St.
Vancouver, BC V6E 2K3 Canada
P. 604 662 8184
www.k9goldcorp.com
www.k9goldcorp.com
or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance
with applicable securities laws.