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K9 Completes Phase I Drilling and Locates New Gold Target at Stony Lake Project
Vancouver, British Columbia--(Newsfile Corp. - December 2, 2021) - K9 Gold Corp. (TSXV: KNC)&...
About this update from Americore Resources Corp
[{"type":"text","content":"K9 Completes Phase I Drilling and Locates New Gold Target at Stony Lake ProjectVancouver, British Columbia--(Newsfile Corp. - December 2, 2021) - K9 Gold Corp. (TSXV: KNC) (OTC Pink: WDFCF) (FSE: 5GP) (\"K9\" or the \"Company\") is pleased to provide its shareholders with an update on drilling and exploration activities including recent trenching results from the Moonlight Prospect located on K9's highly prospective Stony Lake project in the Exploits Subzone Gold Belt in central Newfoundland. A total of 6865 metres of diamond drilling has been completed in 24 drill holes.Highlights:Phase I drilling consisted of 24 drill holes (6865m) testing potential mineralized targets in the Lawrenceton Volcanics below the Botwood sediments.Multiple wide zones of shearing, brecciation with quartz veining exhibiting a pyrite-arsenopyrite-stibnite mineral association have been intersected in the volcanics below the Botwood sediments. It is anticipated that drilling will recommence after the Christmas break.Channel sampling of B horizon soil material at Moonlight returned an average of 809 ppb (0.81 g/t) Au over a width of 15.0 meters. Jeff Poloni, CEO of K9 Gold commented, \"Our phase I drilling program was predicated on testing the down dip extensions of interpreted leakage halos exposed in outcrops of Botwood sediments characterized by silicification and a gold-sulphide mineral association. The drill cores from the Jumpers Pond drilling indicate significant post sedimentation re-activation and late stage introduction of significant concentrations of sulphides and low grade gold mineralization in sheared Lawrenceton volcanics immediately south of Sokomon's Moosehead gold deposit. Our exploration efforts have located the correct structural host exhibiting several factors that suggest potential for higher grade zones of gold mineralization along the shear zone. The delay in receipt of analytical results for the drilling is hampering our ability to assess the significance of the mineralized shear zone in the volcanics. The recent discovery of a new zone of consistent highly anomalous gold concentration in soils at Moonlight highlights the potential of the project to host additional zones of gold mineralization and a priority drill target in this portion of the property.\"Update on 2021 Drill ProgramThe 2021 drill program has now been co...