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K9 Gold 2020 Exploration Program Update for Stony Lake
Vancouver, British Columbia--(Newsfile Corp. - November 9, 2020) - K9 Gold Corp. (TSXV: KNC) ...
About this update from Americore Resources Corp
[{"type":"text","content":"K9 Gold 2020 Exploration Program Update for Stony LakeVancouver, British Columbia--(Newsfile Corp. - November 9, 2020) - K9 Gold Corp. (TSXV: KNC) (FSE: 5GP) (OTC Pink: WDFCF) (\"K9\" or the \"Company\") is pleased to update the 2020 exploration program for the Stony Lake Project, Central Newfoundland. The current program consists of till sampling, mapping, orthophotos, LiDAR, and VTEM airborne geophysics. Overburden Drilling Management (ODM) has completed the preliminary phase of till sampling. The program followed up on the compilation of historic exploration work on the property that has identified a large area with highly anomalous gold values in tills collected in 1989 by Teck Explorations Limited. These samples are clustered around the Island Pond - Moccasin Lake area in the central part of the property. Calculated visible gold assays, by ODM, yielded 15 samples with values over 1500 ppb, four of which had values of 11.8, 12.8, 14.1 and 19.5 g/t Au. Analysis of a non-magnetic heavy mineral concentrate 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 first phase of mapping and sampling to follow up on the anomalous 2019 results covering the north east section of the property is complete, with samples shipped for whole rock and geochemical analysis.Leading Edge Geomatics of Lincoln, New Brunswick has completed the 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. On the property, large areas of significant gold mineralization occur 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 features indicate epizonal/mesozonal temperatures for the hydrothermal fluids and support the exploration model of hydrothermal fluids leaking upwards into the Botwood sediments from a deeper igneous intrusive source. Quality Control and data processing is underway.Geotech Ltd of Aurora, Ontario has completed 100% of the planned Versatile Time-Domain Electromagnetic (VTEM™ Plus) survey.About Stony Lake ProjectThe Stony Lake project lies within the Ca...