Highlights
Drilling consisted of 24 drill holes (6865m) of a 10,000 m planned and permitted program testing potential mineralized targets in the Lawrenceton Volcanics below the
Multiple wide zones of shearing, brecciation with quartz veining exhibiting a pyrite-arsenopyrite-stibnite mineral association have been intersected in the volcanics below the
Channel sampling of B horizon soil material at Moonlight returned an average of 809 ppb (0.81 g/t) Au over a width of 15.0 meters.
An extensive soil sampling program collected 3177 samples on 5 grids; multiple new target areas, showing multi-element anomalies which include Au, As and Sb.
51.5 line kilometres of Induced Polarization survey on two grids (Jumper's Pond and Moonlight).
5.5 g/t Au over 4.0m in the Deliverance trench.
Continuation of the 2020 mapping, prospecting and sampling program.
Drilling planned to resume after a winter break.
Completion of full exploration commitment under the Purchase Option Agreement with
The drill cores from the Jumper's Pond drilling indicate significant post sedimentation re-activation and late stage introduction of significant concentrations of sulphides and low grade gold mineralization in sheared Lawrenceton volcanics immediately south of Sokomon's Moosehead gold deposit. Our exploration efforts have located suitable structural hosts exhibiting several factors that suggest potential for higher grade zones of gold mineralization along the shear zones.'
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Email: kosta@k9goldcorp.com
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Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding K9's intention to continue to identify potential transactions and make certain corporate changes and applications. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance, or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits K9 will obtain from them. These forward-looking statements reflect managements' current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause actual results to differ materially from those expressed or implied by the forward-looking statements, including K9's inability to identify transactions having satisfactory terms or at all and the results of exploration or review of properties that K9 does acquire. These forward-looking statements are made as of the date of this news release and K9 assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws.
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