K9 Gold WDFCF / KNC.V and New non-addition: District Copper Corp CAXPF / DCOP.V
The Stony Lake Gold Project (13,025 ha); is an early stage exploration project situated in an emerging gold district in Central Newfoundland...
May 8, 2019: District Copper Begins Surface Exploration at Stony Lake
What they don't mention in available PR or on their website... [where there is still some good information on the property showing it controls a nice swath of the trend near Sokoman's Moosehead...see the map below] is that last year they optioned the property to K9 Gold... so I'll be covering news reported on the property as K9 Gold and will not be reporting news on District Copper.
"The project has been acquired from District Copper Corp by an option agreement, whereby K9 can earn up to a 100% interest in the project (see Company release dated July 30, 2020)"
As K9 Gold changed names from Global Vanadium subsequent to July 2020, that PR is no longer available without searching SEDAR... but, here's their first on the project from September 2020:
K9 Gold Commences Fall Exploration Program at its Stony Lake East Option in Central Newfoundland
And, here's their most recent:
September 8, 2021: K9 Gold Provides Exploration Update for Stony Lake Project, NL
The planned 5000 metre drill program is progressing well, with eleven holes completed to date for 3080 metres. The drilling has been concentrated mainly in the Jumper's Pond area, where eight holes have been completed immediately to the south of Sokoman's Moosehead discovery. Additionally three holes have been completed adjacent to the recently announced Deliverance trench.
Most of the Jumper's Pond holes have intersected significant shearing in both the Wigwam Fm. sandstones and the Lawrenceton Fm. volcanics. Several gabbroic dykes have also been noted. These shear zones, which can be up to 20 m wide, exhibit locally intense brecciation, with substantial amounts of quartz veining (with ginguro banding noted in JP21-008), and sulphide concentrations up to 20%, with both pyrite and arsenopyrite. Locally, intense sericite and chlorite alteration have been observed, along with intense silicification. Descriptions of work by other companies from area projects suggest that these features can be indicative of proximity to significant gold mineralization, which fits well with K9's exploration model.
Core samples have been submitted to Eastern Analytical in Springdale, NL and results are pending. As with all companies currently exploring the Exploits Subzone Gold Belt in central Newfoundland, the unprecedented high demand for analytical services has created substantial backlogs for local laboratories. |
