Newfoundland has emerged as one of North America’s hottest gold discovery districts, with hundreds of millions of dollars pouring into mineral-rich areas of the Province.
Years ago, well before the Newfoundland gold rush commenced, a group of veteran geologists and businessmen who knew exactly what they were doing, staked out a large swath of land on a geological trend that has become the talk of the mining world.
The project, known as the Stony Lake East Gold project, covers over 13,000 hectares and in proximity to $500 million Marathon Gold’s (TSX-V: MOZ) 4 million ounce Valentine Lake gold discovery.
The team at K9 Gold Corp. (TSXV:KNC, OTC:WDFCF) managed to strike an option deal to acquire up to 100% of this coveted project, and the timing could not have been better. The price of gold is skyrocketing and investors are pouring into junior explorers with exceptional projects like this one.
The key advantage for early KNC investors is that the story is still relatively under-the-radar.
The company is in the process of raising $2.5 million to initiate the project’s first extensive exploration program – we expect the “under-the-radar” status to get upgraded fairly quickly once the crew hits the ground.
K9 Gold Corp. (TSXV:KNC, OTC:WDFCF) flagship Stony Lake East project is adjacent to Sokoman Minerals’ Moosehead project, which is backed by billionaire gold investor Eric Sprott. Stony Lake is over twice the size with enough high priority drill targets to make the most hardened skeptic take a second look.
With a market capitalization of less than $7 million, and a drill program surely imminent the potential is blue sky.
K9 Gold Corp. (TSXV:KNC, OTC:WDFCF) has just over 18 million shares outstanding – an exceptional share structure going into a busy exploration program.
Hot Stocks Review will be covering the KNC story as it unfolds, and would suggest our readers put this on their watchlist.
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