K9 Gold Corp. provided its shareholders with an update on its successful 2021 exploration program on its highly prospective Stony Lake project in the Exploits Subzone Gold Belt in central Newfoundland. Update on 2021 Drill Program: The 2021 drill program has now been completed, with a total of 6865 metres drilled in 24 drill holes.

Of these, 18 were drilled in the Jumper's Pond area. Jumper's Pond area: DDH JP21-012 intersected a broad zone of shearing/faulting that returned an open-ended, weighted average grade of 1.03g/t gold over a core interval of 7.9m with a strong pyrite-arsenopyrite association. Additional analytical results from this shear zone are pending, as are most of the remaining samples.

Given these highly encouraging results, detailed follow-up drilling was completed in the vicinity of JP21-012, with seven additional holes (JP021-013, 019, 020, 021, 022, 023 and 024) drilled from the same drill pad, as well as two more (JP21-014 and JP21-015) which were collared approximately 170 m to the west. These holes were designed to test an interpreted ENE-trending shear zone at a horizontal spacing of 10 to 40 metres, and a vertical spacing of 30 to 40 meters. Each of the tightly spaced drill holes following up on the intersection in JP21-012 has intersected multiple zones of shearing/faulting, as well as multiple occurrences of volcanic breccias.

Clasts are typically subhedral and polymictic, with a bleached alteration halo. These volcanic breccias usually exhibit moderate chlorite alteration throughout the units. Locally chaotic/splayed quartz veinlets resembling hydrothermal breccias are present.

Within the volcanic breccias and quartz veins, and along the contacts between the volcanics and quartz veins, pyrite mineralization is commonly disseminated and/or blebby, with local concentrations up to 20%, and is typically associated with lesser amounts of arsenopyrite and stibnite. This could be indicative of late stage hydrothermal activity.