InvestmentPitch Media Video Discusses K9 Gold's Upcoming LiDAR and Imagery Survey at its Stony Lake Gold Project in Central Newfoundland - Video Available on Investmentpitch.com | INN

K9 Gold Corp (TSXV: KNC) (FSE: 5GP) is preparing for a LiDAR and Imagery survey at its Stony Lake 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 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 additionalinformation on the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter "K9 Gold" in the search box.

The company commissioned Leading Edge Geomatics of Lincoln, New Brunswick to conduct the LiDAR and Imagery survey. Airborne LiDAR surveys are a rapid, highly accurate and efficient method of capturing 3D data of large areas. The survey will assist with ground mapping to extrapolate geomorphology and both regional and local geologic structures, allowing the company to develop a more focussed approach to mapping, sampling and prospecting programs.

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

The property hosts both widespread low grade mineralization up to 4.0 grams per tonne gold within the Botwood Formation and high grade veins greater than 4.0 grams per tonne gold in the basement rocks below the Botwood, similar to the nearby New Found Gold Queensway project, and the immediately adjacent Sokoman Minerals Moosehead discovery.

K9 Gold reported that on-going compilation of historic exploration work on the property has identified a large area with highly anomalous gold values in tills collected in 1989 by Teck Explorations Limited. These are clustered around the Island Pond - Moccasin Lake area in the central part of the property, where calculated visible gold assays, by Overburden Drilling Management, yielded 15 samples with values over 1500 parts per billion, four of which had values between 11,000 and 19,500 parts per billion gold. Analysis of non-magnetic heavy mineral concentrates by Chemex Labs yielded 16 samples with values greater than 1000 ppb gold, with four samples greater than 10,000 ppb gold, which was the upper detection limit.

At Stony Lake, large areas of significant gold mineralization occur primarily in altered Botwood sediments and quartz-feldspar porphyry intrusives associated with intense silicification, sericite-chlorite-carbonate alteration and a strong pyrite-arsenopyrite mineralogical association. This area is referred to as the Exploits Subzone gold district which essentially covers the Silurian-age clastic sediments surrounding the Mount Peyton intrusive.

Jeff Poloni, CEO and Director, stated: "With this survey, along with last year's airborne magnetometer/VLF/radiometrics survey and the soon-to-be completed airborne VTEM survey, we will have developed a solid data base upon which we can build a successful exploration program."

The company is well funded, having raised gross proceeds of $2.5 million in a private placement in August.

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.

About InvestmentPitch Media

InvestmentPitch Media leverages the power of video, which together with its extensive distribution, positions a company's story ahead of the 1,000's of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.

CONTACT:
InvestmentPitch Media
Barry Morgan, CFO
bmorgan@investmentpitch.com

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/65606

News Provided by Newsfile via QuoteMedia

K9 Gold TSXV:KNC Gold Investing

"fed" written in gold font, american flag, gold coins

The Fed Left Rates Unchanged — What Happened to the Gold Price?

The US Federal Reserve left interest rates unchanged at 5.25 to 5.5 percent at its latest meeting.

The central bank was widely expected to stay the course at this month's gathering, but market watchers believe there's still one more 25 basis point hike left in this cycle — an update to the dot plot, which shows where each Fed official thinks the federal funds rate is headed, shows that the median projection is 5.6 percent by the end of 2023.

Looking forward to 2024, two cuts of a quarter point each are anticipated. That's less than the four decreases insiders were forecasting three months ago, which Andrew Patterson, senior economist at Vanguard, believes is a "telling" change.

Keep reading...Show less

will rhind, gold bars

Will Rhind: Gold in Good Position Ahead of Fed; Still Positive on Platinum

The US Federal Reserve's latest meeting will wrap up on Wednesday (September 20), and gold investors are watching closely to see whether the central bank hikes interest rates again or leaves them unchanged at 5.25 to 5.5 percent.

Speaking to the Investing News Network, Will Rhind, CEO of GraniteShares, said he thinks an increase is unlikely.

"I only see the probability of a rate hike happening if clearly there's some data to suggest that inflation's on the up again, or something that provides some catalyst for them to raise interest rates," he said during an interview. "I do think that by and large we're at the top of the cycle, and we are kind of on the way down, albeit not immediately."

Keep reading...Show less

gold ore

Gold Grain Morphology: A Valuable Method of Gold Exploration (Updated 2023)

The high value of gold means that a deposit of very small concentration can be economically mined — a fact that is great news for gold miners, but complicated for gold explorers.

Gold is often found in ores composed of rock with very small particles. When it comes to extraction, ore with grades of gold as little as 0.5 parts per million (ppm) can be economically mined. Because ore grades of 30 ppm are usually needed before gold is visible to the naked eye, gold in most mines is invisible.

Not only can viewing individual grains of gold provide a challenge, but the nature of prospecting means that finding these grains of gold through conventional sampling can prove nearly impossible.

Keep reading...Show less

Kestrel Gold - Samples up to 2.051 g/t Au at King Solomon's Dome, Follow-up Drilling Planned

Kestrel Gold Inc. ("Kestrel" or the "Corporation", TSX-V:KGC) is pleased to announce preliminary results from the 2023 prospecting program on it's 100% owned King Solomon Dome property ("KSD"). The property is located in the Yukon portion of the Tintina Gold Belt, 35 minutes by road south of Dawson City, within the famous Klondike placer gold district. Creeks draining KSD have produced significant amounts of placer gold and Kestrel is evaluating the property's potential to host economic bedrock sources for this gold

The target at KSD is an orogenic-style north-south trending quartz vein system located over an approximate 1.0 kilometre east-west by 2.2 kilometre north-south area. The 2023 program focused on the Dominion Creek drainage basin which drains the southern portion of the property. Prospecting of new road cuts and active placer pits in this area identified numerous areas of sheared, quartz veined, pyritic and carbonate altered bedrock or rubblecrop, sampling of which returned values ranging from

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Falcon Gold (TSXV:FG)

Falcon Announces Warrant Repricing and Extension

FALCON GOLD CORP. (FG: TSX-V), (3FA: GR), (FGLDF: OTCQB); (the "Company") announces that the Company intends to reprice and extend the expiry date of a total of 2,058,500 share purchase warrants exercisable at $0.25 per common share expiring on October 9, 2023 (the "Warrants"). The Warrants were issued pursuant to a private placement which closed on October 9, 2021. The Company proposes to reprice the Warrants to $0.10 per share and extend the expiry date by an additional two years to October 9, 2025.

All other terms and conditions of the Warrants remain unchanged. The extension of the Warrants is subject to acceptance by the TSX Venture Exchange.

Keep reading...Show less

Latest Press Releases

Related News