K9 Gold to Resume Drilling at Stony Lake
K9 Gold to Resume Drilling at Stony Lake
Vancouver, British Columbia--(Newsfile Corp. - June 2, 2022) -
K9 Gold Corp. (TSXV: KNC) (FSE:
5GP) (OTCQB: WDFCF) ("K9" or the "Company")
is pleased to announce plans for the upcoming
2022 exploration field season.
The main emphasis of the program will be a diamond drill program with a
minimum of 4000 meters.
The program will focus on the Jumper's Pond area, following up on the highly
successful 2021 program.
That program intersected multiple wide, well-mineralized zones, including
65.10 m averaging 0.78 g/t Au in hole JP21-022.
The Company will host an Investors' Call on Wednesday June 8, 2022, at 10:00 am Pacific time (1:00
pm Eastern) to discuss the plans for the 2022 exploration program.
Please use the following link to join
the call:
Join Zoom Meeting
https://us05web.zoom.us/j/89054265885?pwd=WExyQUpkelRQcVd5a0FHaFQwbkRkdz09
The previously announced program of additional sampling, to fill-in open-ended intervals of gold
mineralization from the 2021 drilling, has been completed, with 86 additional samples being submitted
for analysis.
Crews are now preparing to mobilize to central Newfoundland for the drill program.
In
addition, ground follow-up is planned to further investigate multiple highly anomalous soil samples
encountered in the summer of 2021.
About Stony Lake Project
The Stony Lake property lies within the Exploits Subzone Gold Belt of 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 Sokomon's Moosehead discovery immediately to the northeast and Marathon's Valentine Lake
deposit to the southwest.
Excellent infrastructure exists on the project lands and in the surrounding area.
At Stony Lake, ground prospecting and sampling has led to the identification of seven broad areas of
highly anomalous to low grade (up to 4.0 g/t Au) to high grade (>4.0 g/t Au) gold mineralization.
Following up on the prospecting work, systematic exploration with property-wide airborne geophysical
and extensive soil sampling, plus two large grids of IP ground geophysical survey, has led to the
interpretation of about 100 anomalies, at least ten of which are rated as high priority drill targets.
The
2021 drilling program has added to the potential of the project with multiple very wide intersections of
substantial gold mineralization.
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 from 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-Uranium 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.
Chris M. Healey, P. Geo, Chief Geologist and 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:
Telephone: 604 808-9134
Brian Morrison
Chief Financial Officer and Director
K9 Gold Corp.
email:
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, 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/126307