Core Viewpoint - K9 Gold Corp has entered into an Exploration Agreement and an Option to Purchase Agreement with Newmont USA Limited for the Trinity Silver Project, which encompasses approximately 14,523 acres in Nevada, indicating a strategic move to enhance its asset portfolio in a favorable mining jurisdiction [1][2]. Exploration Agreement - The Exploration Agreement grants K9 Gold the exclusive right to conduct exploration work on the properties owned and leased by Newmont [2]. - K9 is required to make initial payments of USD $50,000 and issue 100,000 common shares as rental payment for the first year, followed by a payment of USD $100,000 and 300,000 common shares for the second year [6]. Purchase and Sale Option - The Agreement stipulates that Newmont will sell all rights and interests in both owned and leased properties to K9, subject to TSX Venture Exchange approval [3]. - A one-time payment of USD $350,000 and the issuance of 700,000 common shares to Newmont are required as part of the purchase [6]. Project Overview - The Trinity Silver Project is located approximately 23 miles northwest of Lovelock, Nevada, and includes a historic open pit heap leach silver mining operation [5]. - Historical mining operations reported the extraction of 1,085,790 tons of silver oxide mineralization, yielding approximately 5 million ounces of silver at an average grade of 6.32 oz/ton [7]. Mineral Resource Estimates - The project has identified both oxide and sulphide mineralization, with inferred resources for oxide material estimated at 6,430,000 tons at a grade of 1.134 oz/ton, containing approximately 7,287,000 ounces of silver [8]. - For sulphide mineralization, inferred resources are estimated at 19,790,000 tons at a grade of 1.07 oz/ton, containing about 21,165,000 ounces of silver, along with lead and zinc byproducts [9]. Next Steps - The company plans to review all historical data and create an updated database for the project, incorporating artificial intelligence to analyze geological data and develop an updated deposit model [17]. - Fieldwork will include sampling of the historical stockpile and drilling to twin key historical drill holes, leading to an updated mineral resource estimate [18].