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K9 Gold Receives Results from Orientation Till Survey on Stony Lake Project, Newfoundland; New Director Appointed
Vancouver, British Columbia--(Newsfile Corp. - February 25, 2021) - K9 Gold Corp. ( TSXV: KN...
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[{"type":"text","content":"K9 Gold Receives Results from Orientation Till Survey on Stony Lake Project, Newfoundland; New Director AppointedVancouver, British Columbia--(Newsfile Corp. - February 25, 2021) - K9 Gold Corp. (TSXV: KNC) (OTC Pink: WDFCF) (FSE: 5GP) (\"K9\" or the \"Company\") is pleased to report that the Company has received results from an orientation till sampling survey carried out on its Stony Lake project, central Newfoundland. The objective of the survey was to determine whether or not this type of survey will identify targets for further exploration work. Several areas of interest were identified which correlate well with previous exploration work, including zones defined by prospecting work and target areas defined by various airborne geophysical surveys. Till sampling has then been demonstrated to be a cost effective technique to evaluate large areas of the property which have received minimal ground coverage to date. This new information will be used to refine plans for the upcoming 2021 field season which includes drilling.Overburden Drilling Management (ODM), of Nepean, ON was contracted to carry-out the orientation till sampling survey. Seventy-six samples (10 to 12 kg each) were collected of C-horizon basal till (74 sites, with 2 duplicate samples taken) from hand-dug pits, typically <1 metre deep. The samples were shipped by a commercial trucking service from Grand Falls-Windsor to ODM's Nepean laboratory facility. All samples were then processed by ODM to determine gold grain contents. Geochemical analysis was performed on the non-magnetic Heavy Mineral Concentrate (HMC) at Actlabs, Ancaster ON, using both Aqua Regia - ICP and INAA (Instrumental Neutron Activation Analysis).Analytical result show that there are visible gold grains in all but seven of the 76 samples collected. This includes fourteen with >10 grains and three with >20 grains. Results of the geochemical analysis show that 42% (32 out of 76) of the samples returned gold values of >500 ppb. This includes five with values >5000 ppb (maximum 17,900 ppb Au). The results correlate well with previous work. In particular, sample SLET-20-027, with a non-magnetic HMC gold content of 17,900 ppb in the Rabbit Tracks area, is located very close to a cluster of high grade boulders (up to 6.3 g/t Au). A broad area of elevated gold in tills in the Jump...