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K9 Gold Receives Interpretation of VTEM Survey on Stony Lake Project, Newfoundland; New High Priority Targets Identified
Vancouver, British Columbia--(Newsfile Corp. - January 7, 2021) -  K9 Gold Corp. (TSXV: ...
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[{"type":"text","content":"K9 Gold Receives Interpretation of VTEM Survey on Stony Lake Project, Newfoundland; New High Priority Targets IdentifiedVancouver, British Columbia--(Newsfile Corp. - January 7, 2021) -  K9 Gold Corp. (TSXV: KNC) (OTC Pink: WDFCF) (FSE: 5GP) (\"K9\" or the \"Company\") is pleased to report that the Company has received a report interpreting the data from the airborne geophysical survey carried out on its Stony Lake project, Newfoundland. The objective of the VTEM (Versatile Time Domain Electromagnetic) survey was to outline linear trends that demonstrate changes in resistivity due to faulting, alteration, sulphide mineralization and intrusive activity. This objective has been met, and a number of linear trends have been identified. The interpretation shows two highly significant areas of interest that are coincident with various anomalies from earlier work, and will improve our understanding of the geological setting of these areas. The two areas are the Jumper's Pond zone and Island Pond. Additionally, there are numerous indications of potential narrow vertical conductive zones in the basement rocks beneath the Botwood sediments. This new information will be used to refine plans for the upcoming 2021 field season which includes drilling.The interpretation of the VTEM data was contracted out to Campbell & Walker Geophysics Ltd, of North Vancouver BC. The main interpretive tool used was resistivity depth imaging (RDI) which converts the EM profile decay data into an equivalent resistivity versus depth cross section, by deconvolving the measured time domain EM data. RDIs provide reasonable indications of conductor relative depth and vertical extent, as well as accurate 1D layered-earth apparent conductivity /resistivity structure across flight lines.It is apparent that resistivity low (or conductivity high) zones can be mapped at all depths (to at least 600 m below surface), with locally stacked anomalies which correlate well with interpretations from the 2019 airborne magnetic survey. These stacked anomalies also correlate well with areas of known gold anomalies in lake sediments, till samples, rock samples from outcrop and boulders. In the Jumper's Pond area, which is contiguous to Sokoman's Moosehead property, there is a highly conductive zone that is interpreted to be in the basement rocks, beneath the Botwood sedimen...