InvestmentPitch Media Video Discusses K9 Gold’s Results from its 2022 Diamond Drill Program at the Jumper's Pond in Central Newfoundland, Intersecting 1.52 g/t Gold over 31.75 metres

Rhea-AI Summary

K9 Gold Corp (OTCQB: WDFCF) has announced significant results from its 2022 diamond drill program at the Jumper's Pond zone in Newfoundland. The program, consisting of 8 drill holes over 2,919 meters, encountered multiple mineralized zones. Notable highlights include Hole 29, which intersected 31.75 meters at 1.52 g/t gold, and Hole 30 with 27.35 meters at 1.88 g/t gold. The Stony Lake project covers 13,625 hectares along a favorable trend, with substantial mineralization indicating strong potential for future exploration.

Positive

• Significant drill results: Hole 29 with 31.75m averaging 1.52 g/t gold.
• Hole 30 returned 27.35m averaging 1.88 g/t gold.
• Multiple well-mineralized zones encountered, indicating strong exploration potential.
• Strategic location within the Exploits Subzone Gold Belt.

Negative

• None.

VANCOUVER, British Columbia, Oct. 20, 2022 (GLOBE NEWSWIRE) -- K9 Gold Corp (TSXV:KNC) (OTCQB:WDFCF) (FSE:5GP) has received the complete analytical results from its 2022 diamond drill program at the Jumper's Pond zone on its highly prospective Stony Lake project in central Newfoundland. Results show multiple well mineralized zones were encountered with significant widths of continuous gold mineralization present in many of the holes drilled during the 2022 campaign.

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

For more information, please view the InvestmentPitch Media video which provides additional information about this news and the company along with video comments by Chris Healey, Chief Geologist and a Director of K9 Gold. The video is available for viewing on “InvestmentPitch” and on “YouTube”. If these links are not enabled, please visit www.InvestmentPitch.com and enter “K9 Gold” in the search box.

The Stony Lake property lies within the Exploits Subzone Gold Belt of 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 Sokomon's Moosehead discovery immediately to the northeast and Marathon's Valentine Lake deposit to the southwest. Excellent infrastructure exists on the project lands and in the surrounding area.

The drill program, at Jumper’s Pond, consisted of 8 diamond drill holes, for a total of 2,919 metres. The drill holes were designed to follow up on the extremely wide mineralized zone encountered in hole JP21-022 during the 2021 drilling season, which intersected a 127.4-metre zone of continuous gold mineralization, averaging 0.61 g/t over the entire length of the zone.

Highlights of the 2022 drill program which are shown in the video, include Hole 29 which returned 31.75 metres averaging 1.52 g/t gold from 239 metres, and Hole 30 which returned 27.35 metres averaging 1.88 g/t gold from 225 metres. Further evidence of the consistency in gold values is the fact that most of the intersections to date exhibit reasonably consistent gold concentration within each intersection.

The shares are currently trading at $0.06. For more information, please visit the company’s website, www.k9goldcorp.com, call 1-833-434-GOLD (4653), contact Kosta Tsoutsis, Director, at 604-808-9134 or by email at kosta@k9goldcorp.com, or contact Brian Morrison, CFO, at 604-312-6910 or by email at brian@k9goldcorp.com.

Disclaimer

The information in this Investmentpitch Media Ltd video is for the viewers information only. K9 Gold has paid a fee not exceeding $2,000 in cash to have its current news release produced in video format. The corporate information is based on information that is publicly available. Any information provided by Investmentpitch Media Ltd., through its media services is not to be construed as a recommendation or suggestion or offer to buy or sell securities but is provided solely as an informational media service. Investmentpitch Media Ltd makes no warranties or undertakings as to the accuracy or completeness of this information. All due diligence should be done by the viewer or their financial advisor. Investing in securities is speculative and carries risk.

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FAQ

What are the latest results from K9 Gold's 2022 drill program?

K9 Gold reported significant results, including Hole 29 with 31.75 meters at 1.52 g/t gold and Hole 30 with 27.35 meters at 1.88 g/t gold.

What is the stock symbol for K9 Gold Corp?

The stock symbol for K9 Gold Corp is WDFCF.

Where is K9 Gold's Stony Lake project located?

The Stony Lake project is located in central Newfoundland, Canada.

How many drill holes were completed in the 2022 drill program by K9 Gold?

The 2022 drill program consisted of 8 diamond drill holes.

What is the total length of the drill program conducted by K9 Gold?

The total length of the drill program was 2,919 meters.