K9 Gold Corp has received results from a 3D Magnetic Inversion study carried out on its Stony Lake project in central Newfoundland, with major IP survey now planned.The company has an option to earn up to a 100% interest in the Stony Lake East Project, which lies within the Cape RayValentine Lake structural trend in Central Newfoundland, lying parallel to that of New Found Gold's Queensway project, along the ...

K9 Gold Corp (TSXV: KNC) (FSE: 5GP) has received results from a 3D Magnetic Inversion study carried out on its Stony Lake project in central Newfoundland, with major IP survey now planned.

The company has an option to earn up to a 100% interest in the Stony Lake East Project, which lies within the Cape Ray/Valentine Lake structural trend in Central Newfoundland, lying parallel to that of New Found Gold's Queensway project, along the prolific Dog Bay Line. The project covers 13,625 hectares and 27 kilometers of favorable trend between Sokoman's Moosehead discovery to the northeast and Marathon's Valentine Lake deposit to the southwest.

For more information, please view the InvestmentPitch Media "video" which provides additional information on the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter "K9 Gold" in the search box.

When integrated with the interpretation of the recent VTEM survey, the inversions have provided a more detailed model of the distribution of potential exploration targets within the project area. Combined with previous ground work consisting of sampling of rocks and tills, these inversions provide a valuable guide to the next phases of exploration.

The inversion study of the airborne magnetic survey data was completed by Campbell & Walker Geophysics, North Vancouver, British Columbia. Due to the size of the block the inversion was carried out in two steps. A coarse inversion was performed, where the full block was inverted into 80 x 80 x 40 metre cells which was used as the reference point for a fine inversion. Four areas have been identified as high priority targets for phased follow-up ground geophysical surveys.

Simcoe Geoscience, of Stouffville, Ontario, has been awarded a contract to carry out a High Resolution Wireless Alpha IP survey over the Jumper's Pond and Moonlight areas, the first two targets. The total survey will include approximately 60 line kilometres, with Simcoe using their Alpha IPTM Wireless Time Domain Distributed Induced Polarization system. Being wireless, this system has the significant advantage of not requiring any line cutting, thereby minimizing the footprint of the survey.

Jeff Poloni, CEO, stated: "With our recent financing we are well funded to carry out our aggressive exploration plan for 2021. The planed IP survey will help to advance our understanding of the underlying structures and to continue to narrow down the source of the numerous gold anomalies property wide at Stony Lake."

Prior to the 2020 field season, airborne geophysical coverage, with follow-up ground prospecting and sampling, has led to the identification of eight areas of highly anomalous to high grade gold mineralization. The gold mineralization is hosted in a variety of environments, including quartz-feldspar porphyries, reduced sandstones, quartz stockworks and quartz veins.

The Central Newfoundland Gold Belt continues to attract investor interest as a newly emerging gold district following significant results such as the hole reported by Sokoman Minerals at its Moosehead project adjacent to K9's Stony Lake property. Sokoman Mineral's hole MH-20-115 reported 2 zones with 47.2 grams per tonne gold over 4.6 metres and 68.3 grams per tonne gold over 8.1 metres. In December, New Found Gold announced intercepts of 45.3 grams per tonne gold over 13.1 metres and a second hole with 25.0 grams per tonne gold over 16.9 metres at their nearby Queensway property.

Management cautions that mineralization on nearby properties may not be indicative of mineralization on its property.

The company also owns a 100% interest in the Desert Eagle Vanadium project located in the historic Henry Mountains Mining District in southeast Utah, close to Anfield Energy's Shootaring Canyon Mill, in an area that has seen extensive historic vanadium and uranium mining.

For more information, please visit the company's website, www.k9goldcorp.com, contact Kosta Tsoutsis, Director, at 604-808-9134 or email kosta@k9goldcorp.com, or contact Brian Morrison, CFO, at 604-312-6910 or email brian@k9goldcorp.com.

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GoldSpot Discoveries Engaged by Red Pine Exploration Inc. to Expand Resource at Wawa Gold Project

GoldSpot Discoveries Engaged by Red Pine Exploration Inc. to Expand Resource at Wawa Gold Project

GoldSpot Discoveries Corp. (TSXV: SPOT) (OTCQX: SPOFF) ("GoldSpot" or the "Company"), a leading technology services company leveraging machine learning to transform the mineral discovery process, is pleased to announce it has been engaged by Red Pine Exploration Inc. (TSXV: RPX) ("Red Pine"), to apply its proprietary machine learning technology and geoscience expertise on its Wawa Gold project, consisting of a claim package of 6,986 hectares and a NI 43-101 compliant resource estimate.

GoldSpot works with leading exploration and mining clients across all commodities and deposit types, using cutting-edge technology and geoscientific expertise to mitigate exploration risks and significantly increase the efficiency and success rate of mineral exploration across resources. Recent successes by GoldSpot with both leading producers and explorer/developers have demonstrated the potential to expand resources and make new discoveries using this advanced analytical technology.

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Puma granted to Melius the option to acquire 100% in its Copper Projects in consideration of $3.5M payable by the issuance of an initial 12M Melius shares of which up-to 6M will be distributed to Puma's shareholders in Q1-2022 . The remaining $2.3M is payable in cash or in Melius shares over a period of 3 years. Puma's commitments for the Chester Property was also assumed by Melius ( see PR 2021-07-06 ). As of November 24 th ,2021, the Chester option has been executed and the mining claims have been transferred to Puma.

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Green River Gold Corp. Commences Exploration Drilling at Its High-Grade Quesnel Nickel/Cobalt/Talc Project in British Columbia

Green River Gold Corp. Commences Exploration Drilling at Its High-Grade Quesnel Nickel/Cobalt/Talc Project in British Columbia

Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) (the "Company" or "Green River") is pleased to announce an Initial Phased Exploration Drill Program at its wholly owned Quesnel NickelCobaltTalc Project in British Columbia, Canada.

Further to the news release of October 28, 2021, the Company is pleased to announce that is has begun drilling short holes using a backpack drill with multiple new targets identified. Core samples have been transported to the Company's facility in Quesnel to be logged and sent for assay. The talc showing outcrops at several locations on the Company's claims, making drilling a relatively simple process and allowing for drilling throughout the Winter.

The Company has contracted a drilling company to test a "modified backpack drilling technique". If successful, this technique could result in drilling up to 20 meters deep. The drilling company has arrived in Quesnel and trail cutting to access the drill targets is currently underway. A larger diamond core drill rig capable of reaching depths exceeding 100 meters has been located and will be used for deeper drilling during this Winter's drill program. The larger drill is expected to be mobilized within the next two weeks.

The Quesnel Nickel/Cobalt/Talc Project is adjacent to the Company's Fontaine Gold Project. The two projects border Osisko Development Corp.'s Cariboo Gold Project, which contains 5 million ounces of gold and is expected to go into production late in 2023.

Drilling short holes will determine the grade and quality of the talc exposures, which outcrops at multiple locations in the Project area. The Company will also drill deeper holes to determine the vertical extent of the talc mineralization. Depending on the results of the initial drilling, the Company will undertake additional drilling throughout the Winter to further determine the extent of the talc mineralization.

The area to be targeted with the drilling program is host to talc and nickel mineralization (see the Sovereign nickel showing, Minfile 093A 130). The area covered by these mineral rights was subject to an exploration program targeting the potential for a commercial talc deposit during the 1980's. The exploration resulted in the preparation of a preliminary talc mining plan in 1986.1

The drilling completed on the talc showing in the 1980's consisted of relatively shallow holes. The holes resemble what can be achieved by using the modified backpack drilling technique that the Company will employ this Winter. Follow-up drilling with a larger drill rig will be able to explore potential talc mineralization to depths exceeding 100 meters versus the shallow exploration completed in the past.

Quesnel Nickel/Cobalt/Talc Project Highlights:

There are 3 BC MINFILE occurrences as follows:

  • 093A 013 - Sovereign Creek - developed prospect containing talc and magnesite, and a co-incident nickel sulfide showing.
  • 093A 130 - Sovereign - showings containing talc and nickel sulfides. 093H 061 - R.T. - showing containing nickel, chromium, and cobalt.

Talc is a soft mineral used in a variety of industries. Talc is used in the production of plastics, ceramics, paint, paper, roofing, rubber, and for other industrial uses. The U.S. Geological Survey (USGS) indicates that total sales of talc by U.S. Producers in 2020 was about 430,000 tons valued at about US $100 million. The USGS estimates total mine production worldwide in 2020 was 5,800,000 tons with about 220,000 tons produced in Canada. To the best of the Company's knowledge, there are no talc mines in Western Canada.

In addition to acquiring more knowledge of the talc occurrences on the Property, the Company intends to drill using the larger rig to gain more knowledge of the potential for nickel and cobalt in the same general area as the talc. The Company will be concentrating on known and potential new nickel and cobalt targets with the plan to continue drilling with larger RC/DD rigs in 2022.

The recently completed UAV-MAG survey results over the Quesnel Nickel/Cobalt/Talc Project area indicates the presence of highly magnetic rocks co-incident with the interpreted surface exposure and down-dip projection of a favorable ultramafic rock assemblage. This is similar to the aeromagnetic response in the area of nickel-alloy mineralization found throughout the BC Decar District.

Kyle Townsend, Mine Manager for Green River Gold Corp., says, "I am very excited for the trial run of the modified backpack drilling technique. If successful, this technique will greatly lower our exploration costs while producing valuable results quickly. The first target we chose is twinning drill hole 86-1, drilled by Trifco Minerals in 1986. The existing records indicate favorable conditions for this drilling method. Our intent is to delineate the talc mineralization indicated by Trifco Minerals. This round of drilling is an exciting step towards obtaining the important data we need."

Perry Little, Green River Gold's President and CEO stated, "We are very pleased with the progress made within a few short weeks. We are excited to expand our exploration program at the Quesnel Nickel/Cobalt/Talc Project. In addition to finding out more about the potential for a commercial talc deposit, the focus will be on nickel and cobalt. Preliminary metallurgical work completed in 1971 has suggested the presence of nickel sulfide or nickel alloy minerals. One focus in the initial phase of exploration is to prioritize the multiple Nickel/Cobalt targets within the project area for a follow-up RC/DD drill program and to expand the areas of mineralization in 2022."

Regional Exploration Plan:

Additionally, there will be some upcoming exploration plans for the Fontaine Lode Gold Project, which is contiguous to the Quesnel Nickel/Cobalt/Talc Project and also contiguous to Osisko Development Corp.'s Cariboo Gold Project. Green River is also awaiting assay results from the recent grab sampling program completed at both the Quesnel Nickel/Cobalt/Talc Project and the Kymar Silver Project.

Qualified Person:

Stephen P. Kocsis is the qualified person as defined by National Instrument 43-101 and he has reviewed and approved the technical information in this news release.

About Green River Gold Corp.

Green River Gold Corp. is a Canadian mineral exploration company focused on its wholly owned, high-grade Fontaine Gold Project, Quesnel Nickel/Cobalt Project and Kymar Silver Project which are located in renowned mining districts in British Columbia. The properties straddle an 18km length of the Barkerville and Quesnel Terranes and are contiguous to Osisko Development Corp.'s mineral claim group containing a proposed mine location at its Cariboo Gold Project.

The Kymar Silver Project is located in southeast BC, approximately 28 kilometers west of the town of Invermere in the Golden Mining Division. The property is made up of two mineral tenures, totaling 1,440 hectares, along the southeast flank of Mount Catherine.

For more information contact:

Green River Gold Corp.
Mr. Perry Little - President and Chief Executive Officer

Additional information about Green River Gold Corp. can be found by reviewing its profile on SEDAR at www.sedar.com.

Forward Looking Information: This release contains forward-looking information within the meaning of applicable Canadian securities legislation. Expressions such as "anticipates", "expects", "believes", "estimates", "could", "intends", "may", "plans", "predicts", "projects", "will", "would" and other similar expressions, or the negative of these terms, are generally indicative of forward-looking information. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed or implied by such forward-looking information. In addition, the forward-looking information contained in this release is based upon what management believes to be reasonable assumption. Readers are cautioned not to place undue reliance on forward-looking information as it is inherently uncertain, and no assurance can be given that the expectations reflected in such information will prove to be correct. The forward-looking information in this release is made as of the date hereof and, except as required under applicable securities legislation, the Company assumes no obligation to update or revise such information to reflect new events or circumstances.

The securities of the Company have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This release is issued for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.

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GoldSpot is a technology company focused on developing artificial intelligence technologies for the mining and exploration sector. GoldSpot is working with some of the leading exploration and mining names in the industry, applying their cutting-edge algorithms to significantly increase the efficiency and success rate of mineral exploration.

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