goldcorp stock

K9 Gold Corp. Awaits Highly Anticipated Drilling Results from Diamond Drilling Program

K9 Gold Corp. (OTC Pink: WDFCF) (TSXV: KNC) (FSE: 5GP) and its investors are excitedly awaiting drill results from its diamond drilling program that began last month at its flagship Stony Lake project in central Newfoundland.  With the company's first drilling program well underway, these are exciting times for K9 Gold, a young gold mining company that is well-capitalized, ideally situated in Central Newfoundland's "Gold Belt," and currently engaged in what has been a bustling 2021 exploration and drilling season.

The excitement surrounds a drill program that is expected to cover 5,000 meters or 3.1 miles in total depth spread out over approximately 15 drill holes on K9 Gold's vast Stony Lake property.  According to the company, the first drill hole is located on the Jumper's Pond grid, which K9 Gold says is "well defined and a high priority drill target."  K9 Gold will be targeting a high priority anomaly that was identified from an induced polarization (IP) survey it completed in May.

Jeff Poloni, K9 Gold's Chief Executive Officer (CEO), said the preliminary IP data from both the Moonlight and Jumper's Pond areas continue to show the excellent potential of the Stony Lake property.  Jumper's Pond became a main target after the company conducted myriad tests and surveys throughout the property in late 2020 and during the first half of 2021, which continued into last month and has helped to identify new targets with excellent potential for success.  As a matter of fact, K9 Gold has applied for a permit to increase its current drilling program from 5,000 meters to 10,000 meters in the Jumper's Pond area.

And we shouldn't be surprised that the Jumper's Pond grid is shaping up to be a significant target given that it's immediately to the south of Sokoman Minerals' Moosehead discovery—an area where on-going interpretive work on the Stony Lake property has yielded several direct comparisons with the Sokoman Minerals Corp. Moosehead discovery.  The company says the major fault structure related to the Moosehead discovery can clearly be traced by regional magnetics for 5-6 kilometers onto the Stony Lake property and added that these similarities increase K9 Gold's confidence in the prospectivity of the Jumper's Pond area.

Amplifying the excitement, Sokomon Minerals has continued to announce a host of successful high grade finds, including earlier this month when it released news that it has discovered a new high-grade boulder train with visible gold-bearing boulders with values up to 14 g/t Au.

The Stony Lake property consists of more than 13,600 hectares and 27 kilometers of favorable trend situated among the adjacent property of Sokoman Minerals' Moosehead high-grade gold discovery, Marathon Gold's Valentine Lake deposit to the southwest, and New Found Gold's Queensway high-grade gold project to the northeast.  Given that the company's property resides among great company, K9 Gold outlined an aggressive plan and then executed the work necessary in late 2020 and through the first half of 2021 on the Stony Lake property to give the company its best opportunity for success during its drilling season, including:

K9 Gold implemented a condensed field program (due to COVID-19) in Q4 2020 as part of the company's exploration program. During that time, till sampling, mapping, several airborne surveys, including Versatile Time-Domain Electromagnetic (VTEM), LiDAR and Orthophotography were completed.

In January 2021, K9 Gold received the interpretation of the VTEM survey conducted in late 2020.  The objective of the VTEM survey was to outline linear trends that demonstrate changes in resistivity due to faulting, alteration, sulphide mineralization and intrusive activity. According to the company, this objective was met, and a number of linear trends were identified.  K9 Gold said the interpretation shows two highly significant areas of interest that are coincident with various anomalies from earlier work and that work will further improve their understanding of the geological setting of these areas.  K9 Gold said the two areas are the Jumper's Pond grid and Island Pond.

In February 2021, the company received what were very positive results from an orientation till sampling survey carried out on the property.  K9 Gold's goal for the survey was to determine whether such a survey could identify targets for further exploration work, and the initial results have proven that several areas of interest were identified, which comport with previous exploration work carried out on the property.

Overburden Drilling Management (ODM) was contracted to collect 76 samples of C-horizon basal till from hand-dug pits that averaged at least a meter in depth, and then the company processed the samples to determine gold grain contents, if any.  Geochemical analysis was performed on the non-magnetic Heavy Mineral Concentrate (HMC) using both Aqua Regia – ICP and INAA (Instrumental Neutron Activation Analysis).

The analytical results from those samples, showed that ODM's testing found "visible gold grains" in 69 of the 76 samples collected, including 14 samples with >10 grains and 3 with >20 gold grains.  Results of the geochemical analysis showed that 42%, or 32 out of the 76 samples, returned gold values of >500 ppb, including 5 with values >5,000 ppb (maximum 17,900 ppb Au).

K9 Gold said that the results from this orientation till sampling survey correlated with previous work done on the property.  Specifically, 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 Jumper's Pond area correlates well with an area identified as a high priority target for follow up from the recently reported VTEM survey.

Then, in early March 2021, K9 Gold said that the 3D Magnetic Inversion study that was conducted on the property offered key guidance and when combined with previous groundwork (sampling of rocks and tills), these inversions will provide a valuable guide to the next phases of exploration for the company.  In particular, K9 Gold stated that 4 areas were identified as high priority targets for phased follow-up ground geophysical surveys.

Two of these targets (Jumper's Pond and Moonlight) were selected for the first phase of the IP surveying, which began at the end of March 2021 and was completed in mid-May 2021, for a total of 51.5-line kilometers.  The survey was designed to provide K9 Gold a detailed 2D data set with a depth of investigation of approximately 450 meters.

Beginning in early June 2021, K9 Gold's geological crew began its 2021 field program, which included trenching, extensive soil sampling and mapping/prospecting.

The soil sampling survey is being conducted by Ground Truth Exploration, and the plan is to cover a total of 5 grids and approximately 4,000 samples.  The aim is to identify areas of anomalous gold concentration and associated "pathfinder" elements along interpreted structural features and to provide information to allow a better interpretation of the geochemical conditions over the property.  By late June, K9 Gold reported that 4 of the 5 planned soil sampling grids, for a total of 2,455 samples, has been completed.

The use of consistent sampling and analytical techniques will enable K9 geologists to rigorously evaluate the historical geochemical data and identify the geochemical characteristics of the property, which will lead to more effective exploration.

K9 Gold scheduled trenching of previously identified areas of gold mineralization in the Botwood sandstone/Quartz Feldspar porphyry/mafic dikes to take place at five sites, two in the Jumper's Pond area and three in the area covered by the Moonlight grid.

Large areas of the company's project remain unexplored. The mapping program that K9 Gold began in June is a continuation of the 2-week program completed in October 2020, with both detailed mapping/prospecting in target areas defined last year, as well as covering areas that were not previously mapped.

Finally, on June 22, 2021, K9 Gold's CEO said, "We are extremely excited to have our maiden drill program underway."  This announcement is the culmination of a great deal of work by many at K9 Gold and its working partners.  And now, as we all await those first results, it's official—K9 Gold's drilling program is front and center in a hotbed of activity in Central Newfoundland's Gold Belt and combined with a string of positive results received from each of the tests and surveys conducted on the property, should make the anticipation for the unveiling of those first drilling results even more compelling.

To learn more about K9 Gold Corp., visit https://www.k9goldcorp.com or call toll free (833) 434-GOLD.

About K9 Gold Corp.

K9 Gold Corp. is a mineral exploration company headquartered in Vancouver, British Columbia, Canada, and currently exploring for gold in Central Newfoundland's "Gold Belt."

About Stock Market Media Group

Stock Market Media Group is a news and media content development IR firm offering a platform for corporate stories to unfold in the media with press releases, research reports, corporate videos, radio-style CEO interviews, and feature news articles.

This article was written based on publicly available information. Stock Market Media Group may, from time to time, include our own opinions about the companies, their business, markets and opportunities in our articles. Any opinions we may offer about any of the companies we write about are solely our own and are made in reliance upon our rights under the First Amendment to the U.S. Constitution, and are provided solely for the general opinionated discussion of our readers. Our opinions should not be considered to be complete, precise, accurate, or current investment advice, or construed or interpreted as research. Any investment decisions you may make concerning any of the securities we write about are solely your responsibility based on your own due diligence. Our publications are provided only as an informational aid, and as a starting point for doing additional independent research. We encourage you to invest carefully and read the investor information available at the web site of the U.S. Securities and Exchange Commission at www.sec.gov , where you can also find all of K9 Gold Corp.'s filings and disclosures. We also recommend, as a general rule, that before investing in any securities, you consult with a professional financial planner or advisor, and you should conduct a complete and independent investigation before investing in any security after prudent consideration of all pertinent risks.  We are not a registered broker, dealer, analyst, or advisor. We hold no investment licenses and may not sell, offer to sell, or offer to buy any security. Our publications about K9 Gold Corp. are not a recommendation to buy or sell a security.

Should Stock Market Media Group and its management own shares in the profiled company, they may benefit from any increase in the share price of the profiled companies and hold the right to sell the shares bought at any given time including shortly after the release of the company's profile. Section 17(b) of the 1933 Securities and Exchange Act requires publishers who distribute information about publicly traded securities for compensation, to disclose who paid them, the amount, and the type of payment.  Under the Securities Act of 1933, Section 17(b), Stock Market Media Group discloses that it was remunerated one-thousand, two hundred dollars paid for by a third party via bank wire, to produce this content related to K9 Gold Corp.

Stock Market Media Group and its management do not own any shares in K9 Gold Corp. and never accepts compensation in free-trading shares for its marketing services of the company being profiled, however third parties that have compensated Stock Market Media Group may hold free-trading shares of the company being profiled and could very well be selling, holding or buying shares of the company's stock at the same time the content is being disseminated to potential investors; this should be viewed as a definite conflict of interest and as such, the reader should take this into consideration.

If Stock Market Media Group ever accepts compensation in the form of free trading shares of the company being profiled and decides to sell these shares into the public market at any time before, during, or after the release of the company's profile, our disclaimer will be updated accordingly to reflect the current position of any free trading shares received as compensation for our services.

For more information: www.stockmarketmediagroup.com  


Contact: Stock Market Media Group info@stockmarketmediagroup.com 

Primary Logo

News Provided by GlobeNewswire via QuoteMedia

The Conversation (0)
Map of Ontario, Canada, with "Top 5 Canadian Mining Stocks This Week" text overlay.

Top 5 Canadian Mining Stocks This Week: Onyx Gold Shines with 118 Percent Gain

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.

Statistics Canada released April’s gross domestic product (GDP) numbers on Friday (June 27). The data showed a slowing in the Canadian economy with a 0.1 percent monthly decline after it increased 0.2 percent in March as businesses attempted to get ahead of US tariff deadlines.

In April, the shift in US trade policy led to significant declines in the manufacturing sector, which saw its largest drop in four years at 1.9 percent. Durable goods manufacturing declined for the first time in four months, dropping 2.2 percent d. The most heavily impacted sub-sectors were transportation equipment and the auto sector, which fell 21.6 percent and 5.2 percent, respectively.

Keep reading...Show less
Gold bars with "5 Top Australian Mining Stocks" text overlay.

Top 5 Australian Mining Stocks This Week: GBM Soars on AU$13 Million Raise

Welcome to the first edition of the Investing News Network's weekly round-up of Australia’s top-performing mining stocks on the ASX, starting with news in Australia's resource sector.

In significant news for Australia's iron sector, mining giant Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO), together with its joint venture partner Hancock Prospecting, said on Tuesday (June 24) that the partners will invest a combined US$1.6 billion to develop the Hope Downs 2 iron ore project in the Pilbara region, Western Australia.

Companies focused on antimony and gold have also been making news this week, such as Resolution Minerals (ASX:RML) announcing its acquisition of the Horse Heaven project in Idaho, US, and Ausgold (ASX:AUC,OTC Pink:AUSGF) signing an agreement to acquire Critica’s (ASX:CRI,OTC Pink:VTMLF) Kulin gold project in Western Australia.

Keep reading...Show less
Maritime Resources Announces an up to $10 Million Best Efforts Private Placement Financing

Maritime Resources Announces an up to $10 Million Best Efforts Private Placement Financing

Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce that it has entered into an agreement with Paradigm Capital Inc. ("Paradigm") as lead agent and sole bookrunner, for and on behalf of a syndicate of agents (collectively, the "Agents"), in connection with a proposed best efforts private placement offering (the "Offering") of up to 8,850,000 common shares in the capital of Maritime (the "Offered Securities") to be issued at $1.13 per Offered Security (the "Issue Price") for gross proceeds of up to $10,000,500.

The Company will also grant the Agents an option (the "Agents' Option") to sell up to an additional 1,327,500 Offered Securities at the Issue Price for additional gross proceeds of up to $1,500,075, exercisable in whole or in part by the Agents at any time 48 hours prior to the Closing Date (as defined herein).

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Wooden blocks spelling "M&A" on a computer keyboard.

Tudor to Acquire American Creek in Latest Gold M&A Deal

Tudor Gold (TSXV:TUD,OTC Pink:TDRRF) has signed a definitive agreement to acquire American Creek Resources (TSXV:AMK,OTCQB:ACKRF) in an all-share transaction, marking a consolidation in BC's Golden Triangle.

Under the deal, dated Wednesday (June 25), each American Creek shareholder will receive 0.238 shares of Tudor for each share held, effectively giving Tudor an 80 percent ownership stake in the Treaty Creek project — one of Canada’s largest undeveloped gold-copper porphyry systems. American Creek previously held a fully carried 20 percent interest.

"Our acquisition of American Creek increases our interest to 80 percent in the Treaty Creek Project, which hosts one of the largest gold discoveries in Canada with excellent potential for expansion and additional gold-copper discoveries, at a reasonable per ounce of gold equivalent cost," said Joe Ovsenek, Tudor Gold president and CEO, in a press release.

Keep reading...Show less
Gold bars in stacks.

Top 7 ASX Gold ETFs in 2025

The price of gold reached record highs in 2025, driven by global economic uncertainty stemming from shifting US trade policy and escalating geopolitical tensions in the Middle East.

For many investors, gold is a tool for diversification. The precious metal is known for its ability to act as a safe haven and hence operates as a protective option when building a balanced portfolio.

Gold exchange-traded funds (ETFs) give investors a relatively easy way to get exposure to physical gold without having to worry about the extra hassle of buying and storing the metal — not to mention insuring it. Gold ETFs can also track a basket of gold-focused stocks, allowing investors to spread risk instead of betting on individual companies.

Keep reading...Show less

Latest Press Releases

Related News

×