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K9 Gold Reports on Trenching; Mobilizes Drill to Stony Lake Project, NL
Vancouver, British Columbia--(Newsfile Corp. - June 16, 2021) - K9 Gold Corp. (TSXV: KNC) (FS...
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[{"type":"text","content":"K9 Gold Reports on Trenching; Mobilizes Drill to Stony Lake Project, NLVancouver, British Columbia--(Newsfile Corp. - June 16, 2021) - K9 Gold Corp. (TSXV: KNC) (FSE: 5GP) (\"K9\" or the \"Company\") is pleased to report that trenching over recently discovered showings has identified multiple significant mineralized structures. These structures are known to be a controlling factor in the localization of mineralization in this geological environment, so this is a significant enhancement to the property.The first phase of trenching at the newly exposed Deliverance and Moonlight veins structures has been completed.At the Deliverance zone, in the centre of the property approximately 15 km SW of Jumper's Pond, a 10m wide zone of moderate to intense oxidation was uncovered. Within the 10m zone, there is one major vein system with several parallel minor veins. Where exposed, the main vein varies from 0.10m to 0.25m wide, with crustiform/ginguro to sheeted quartz veining. The vein exhibits intense FeO oxidation and clay alteration, with 5-10% pyrite. The main vein trends at 128° and dips at -68° SW. A series of chip samples was taken across a 5.4m zone on the top of the outcrop, perpendicular to the main vein, as well as one 4.0m composite sample collected along the strike of the vein. The samples are being analyzed at Eastern Analytical in Springdale, NL, using the ICP-OES method after a four acid digestion, with fire assays for Au.Figure 1To view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/3395/87729_a193d2a684c4994a_001full.jpgAt the Moonlight trench, approximately 3 km SE of the Deliverance trench, a series of quartz veins were exposed over an approximately 30m wide zone. Detailed sampling has not been completed yet on this trench due to seasonal restrictions for caribou-calving season.Additional trenching is now planned for both of these highly prospective zones. Drill target selection will be based on the results of the recently completed IP survey, with initial drill holes to be located in the Jumper's Pond area. This area is immediately to the south of the northern boundary of the property, and is directly adjacent to Sokoman's Moosehead discovery. The drilling contractor for the upcoming drill program on its Stony Lake project has mobilized to central Newfoundland. Two loads of ...