Vancouver, British Columbia–(Newsfile Corp. – October 5, 2020) – K9 Gold Corp. (TSXV: KNC) (FSE: 5GP) (OTC Pink: WDFCF) (“K9” or the “Company”) has been informed by Geotech Ltd. of Aurora, Ontario that it has begun mobilizing to conduct the companies EM survey at its Stony Lake project in Central Newfoundland. Geotech will be using its Versatile Time-Domain Electromagnetic (VTEM™ Plus) geophysical system, along with Horizontal Magnetic Gradiometer. This survey will cover the entire property at a 200-metre line spacing and will help to better define, the interpretation of the 2019 airborne magnetometer, radiometrics and VLF-EM survey. That interpretation clearly shows that a significant structural trend crosses onto and continues along the main axis of the Stony Lake East property. The survey will further help to identify resistivity changes related to alteration/intrusive activity/zones of pyrite/gold mineralization, and in turn will define high priority exploration targets in the basement below the Botwood Group.
The Stony Lake East 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.
Prior to the 2020 field season, airborne geophysical coverage, with follow-up ground prospecting and sampling, has led to the identification of eight areas 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.
To ensure a 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, 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.
K9 Gold Corp.
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