K9 Gold Obtains More Funding to Find More Potential Targets on its Stony Lake Project Written by AZoMiningMar 4 2021 K9 Gold Corp. reports that it is well-funded for its 2021 drilling and exploration season, while continuing its efforts to find more potential exploration targets on its Stony Lake project, which is situated in the newly rising Central Newfoundland 'Gold Belt.' Image Credit: Parilov/shutterstock.com The all-in sustaining cost involved in the mining of even a single ounce of gold is quite expensive. But exploration costs for companies looking to discover and mine gold every day are much higher. It was great news when K9 Gold reported that it was awarded $4,217,450 more as financial support from its three most recent private placements. When it comes to shareholders, the financial support offers confidence that K9 Gold’s 2021 drilling season is active and fine.