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    KNC   CA4826271062

K9 GOLD CORP.

(KNC)
Delayed Bourse de Toronto  -  11:59 2022-10-04 am EDT
0.0700 CAD    0.00%
09/29K9 Gold Completes 2022 Drill Program; Compilation of Analytical Results in Progress
CI
08/12K9 Gold Corp. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
CI
07/06K9 Gold Commences 2022 Drill program, Reports Updated Assay Results from 2021 Program
AQ
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K9 Gold Corp. Commences 2022 Drill Program; Reports Updated Assay Results from 2021 Program

07/05/2022 | 08:23am EDT

K9 Gold Corp. announced that the 2022 diamond drill program is now underway at the Jumper's Pond zone on its high prospective Stony Lake project in central Newfoundland. The Company also reports that it has received a permit for 30 additional drill holes (10,000 meters) at Jumper's Pond.

Further, results from additional sampling of drill core from its 2021 drilling program at Stony Lake have now been received. As previously reported, hole JP21-022 intersected several very wide zones of significant gold mineralization. Infill sampling has now connected those zones, resulting in an average gold content of 0.61 g/t over a continuous width of 127.4 meters.

Sampling in holes JP21-023 and 024 also added significant widths to the mineralized zones in those holes. A total of 86 samples were collected to fill-in zones not previously sampled from the 2021 drill program. There are a substantial number of additional well-mineralized intervals in these drill holes as previously reported.

A table with the full intersections from these holes can be found on the Company's website. Jeff Poloni, CEO of K9 Gold, commented, "Crews have now mobilized to central Newfoundland for the 2022 drill program, which will comprise a minimum of 4000 meters, concentrating on following up on the extensive mineralization encountered at Jumper's Pond. Results from the additional infill sampling is extremely encouraging, of note company has doubled the length of one of the mineralized zones in JP21-022 from 65 to 127 m." In addition, ground follow-up is planned to further investigate multiple highly anomalous soil samples encountered in the summer of 2021.

QA/QC Procedures: K9 Gold Corp. employs a rigorous QA/QC protocol on samples submitted for analysis including the insertion of blanks, reference standard and duplicated into its sample streams. For every 40 samples, one blank and three standards are inserted. In addition, one reject duplicate is included in every batch of 40 samples.

To date, no significant discrepancies have been detected in the results of the blanks, standards, and duplicates. K9 uses the services of Eastern Analytical in Springdale NL, using their fire assay and 34 element ICP package for sample analysis. Eastern Analytical is ISO 17025 Accredited in Fire Assay Au, as well as for their multi-acid ore grade assays in Cu, Pb, Zn, Ag, Fe and Co.

Weighted average grades for the mineralized intervals were estimated using a 0.1 g/t Au cut-off. Intervals reported in this release are core lengths; there are insufficient data points to determine true widths at this time. To ensure a safe workplace environment that protects the health and safety of employees and contractors, K9 Gold follows all federally and provincially mandated and recommended guidelines regarding Covid 19.

K9 Gold acknowledges the financial support of the Stony Lake project by the Government of Newfoundland and Labrador, through the Department of Industry, Energy and Technology Junior Exploration Assistance Program.


© S&P Capital IQ 2022
All news about K9 GOLD CORP.
09/29K9 Gold Completes 2022 Drill Program; Compilation of Analytical Results in Progress
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08/12K9 Gold Corp. Reports Earnings Results for the Second Quarter and Six Months Ended June..
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07/06K9 Gold Commences 2022 Drill program, Reports Updated Assay Results from 2021 Program
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More news
Financials
Sales 2021 - - -
Net income 2021 -3,52 M -2,60 M -2,60 M
Net cash 2021 2,05 M 1,51 M 1,51 M
P/E ratio 2021 -2,86x
Yield 2021 -
Capitalization 4,89 M 3,58 M 3,60 M
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees -
Free-Float 95,8%
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Managers and Directors
Jeffery Poloni Chief Executive Officer & Director
Brian Patrick Morrison Chief Financial Officer & Director
Kosta Tsoutsis Director
Christopher Martin Healey Director & Chief Geologist
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