K9 Gold Corp.
K9 CEO Jeff Poloni states, “We are excited to have received drill permits for our Stony Lake project.
Priority targets for the drill program are based on compilations of previous airborne geophysical surveys, mapping and geochemical surveys as well as the current IP survey.
For example, on February 23, 2021 Sokoman Minerals announced drill results which included hole MH-20-141 with 64.0 g/t Au over 4.20m including 223.63 g/t Au over 1.20m at their Moosehead project, immediately adjacent to K9’s Stony Lake property.
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.
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.
The property hosts both widespread low grade mineralization 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.
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.
Recent 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 project has been acquired District Copper Corp by an option agreement, whereby K9 can earn up to a 100% interest in the project .
Chris M.
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.