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K2 Gold Corp.
Summary
| Project: | Wels | |
|---|---|---|
| Deposit: | Wels | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 8/10/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-8-2017: K2 Gold Corp. announces an Exploration/Drilling Update report for its Wels deposit at the Wels project. Drilling results incl. 28.5m @ 2.37g/t Au from 76.5m. Vancouver, B.C. – August 10, 2017 – K2 Gold Corporation (“K2” or the “Company”) (KTO:T | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Allan Doherty (Internal) | |
| ABSTRACT: | Vancouver, B.C. – August 10, 2017 – K2 Gold Corporation (“K2” or the “Company”) (KTO:TSX-V) is pleased to announce results from diamond drilling at the Wels Gold Property (“Wels” or “the Property”), located in west-central Yukon Territory in the Traditional Territory of White River First Nation (“WFRN”). A total of 1,232m of NTW size (5.6cm diameter) diamond drill core was recovered from 11 holes at the ‘Saddle Zone’ location (Figure 1). In addition to drilling K2 undertook a wide spaced regional soil sampling program over the western part of the license and a tighter infill soil sampling program over central parts of the Property close to known mineralization (Figure 2). The analytical results from the 2017 drill program confirmed the presence of a shallow, well defined highgrade gold mineralized body starting at shallow depths, located within a broader halo of lower grade gold. The mineralization is hosted by a pervasive east-west trending structural zone within a reduced nonmagnetic granite. The widest high-grade gold zone is the “Main Saddle Zone”. This mineralized body is subvertical and approximately 10-30m wide, and has a known minimum strike extent of 125m. Visible gold has now been identified in 3 of the 15 holes drilled in the Saddle Zone and therefore combined with the 2014 trenching indicates the presence of significant quantities of coarse gold. Consequently, assay techniques will be re-evaluated to better assess the tenor of the gold mineralization at the Saddle Zone. | |
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