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K9 Gold Provides Update on Stony Lake NL Drill Program; Discovers New Mineralized Zone at Jumper's Pond
Vancouver, British Columbia--(Newsfile Corp. - October 5, 2021) - K9 Gold Corp. (TSXV: KNC) (...
About this update from Americore Resources Corp
[{"type":"text","content":"K9 Gold Provides Update on Stony Lake NL Drill Program; Discovers New Mineralized Zone at Jumper's PondVancouver, British Columbia--(Newsfile Corp. - October 5, 2021) - K9 Gold Corp. (TSXV: KNC) (OTC Pink: WDFCF) (FSE: 5GP) (\"K9\" or the \"Company\") is pleased to report that drilling has intersected a broad zone of low grade gold mineralization at its Stony Lake gold project in central Newfoundland. Full results have now been received from the first three holes, as well as partial results form hole JP21-012. Diamond drill hole JP21-012 intersected 1.03 g/t Au over a core width of 7.9 meters, along with over 8000 ppm As, in a zone of intense quartz veining and shearing. This hole was drilled on the Jumper's Pond target located immediately south of the Sokoman's Moosehead gold project. Jeff Poloni, CEO of K9 Gold, commented, \"Our 2021 program focussed on using a combination of mapping, sampling and airborne and ground geophysical surveys to locate auriferous leakage halos from buried hydrothermal centres in outcrop on which to focus our maiden drilling program. The program successfully located a number of mineralized re-activated structural zones within the Botwood Sediments. While these results are extremely encouraging, we eagerly await the balance of the analytical results from the phase 1 drilling and continue the compilation of results to vector toward the hydrothermal center.\" Approval has been received from the NL Government Mineral Lands Division for an additional 25 drillholes (5000 m) in the Jumper's Pond area.To date, drilling has been mainly in the Jumper's Pond area, and has been targeted to intersect several large, interpreted shear zones, cutting through the Lawrenceton volcanic assemblage into the overlying Botwood sediments, and associated with the presence of arsenopyrite. Interpretations of the airborne geophysical surveys and the recent IP survey indicate the presence of several significant cross cutting shear zones in this area, all extending for strike lengths of at least 2 km. Three holes have been drilled adjacent to the Deliverance trench and two on the Moonlight prospect.Most of the Jumper's Pond holes have intersected significant shearing in both the Wigwam Fm. sandstones and the Lawrenceton Fm. volcanics. Several gabbroic dykes have also been noted. These shear zones, which can be up to 20 m wide, e...