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K2 completes 2019 exploration at the GDR Property, Southern Yukon
VANCOUVER, British Columbia, Nov. 25, 2019 (GLOBE NEWSWIRE) -- K2 Gold Corporation (“K2” or the “Company”) (KTO:TSX-V) is pleased to announce results from its e
About this update from K2 Gold Corporation
[{"type":"text","content":" VANCOUVER, British Columbia, Nov. 25, 2019 (GLOBE NEWSWIRE) -- K2 Gold Corporation (“K2” or the “Company”) (KTO:TSX-V) is pleased to announce results from its exploration program of soil sampling and trenching at the GDR property located approximately 95 km WNW of Watson Lake, YT. GDR is situated within the Traditional Territory of Ross River First Nation (“RRFN”). Highlights • A total of 85 soil samples were collected in a grid (6 lines spaced 170m apart with 50m sample spacing) east of the main known mineralisation at the south zone of MR to test the strike extent. Assays ranged from below detection to up to 2% Pb, 1.2% Zn, and 7.6 g/t Ag and exhibit a strong Ag-Pb-Zn anomalous zone extending approximately 800m east of the historical trench work. • 19 trench and chip samples were collected on the South Zone of the MR claim block. • T19-1 located 16 metres east of historic trench T19, assayed 3m of 1.39 % Pb and 1.44 % Zn, and 2.5 g/t Ag within an oxidised phyllite. • 10 chip samples collected assayed from below detection, up to 477 g/t Ag, 9.29 % Pb, and 0.91% Zn in a phyllite located on historic trench T16. Please click HERE to view all figures related to this news release. GDR Property The GDR property is a group of three licence blocks covering a total of 3073 ha that are road / dirt track accessible, located just north of the BC-Yukon border approximately 20km east of Rancheria, a settlement at Mile 710 on the Alaska Highway. The GDR property is one of a cluster of high-grade Ag- Zn-Pb Manto style deposits and occurrences in Lower Cambrian Limestones and clastic rocks of the Cassiar Terrain. The southern most licence, Veronica, is 10km north east of Coeur Mining Inc’s 26.5-million-ounce high grade Silvertip silver-base metal mine. Property History To date, first pass exploration has been conducted on the property including most recently, 342 soil samples and 24 rock samples collected in 2015 and 2016, all returning anomalous results across all 3 blocks, MR, Veronica, and MFW. Highlights of each are the following. MR • From 1981 to 1986 the MR property was explored by Regional Resources Ltd with gridding, mapping and prospecting, soils, gravity, EM and IP geophysics, trenching, pitting, drilling and roa...