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K2 Gold Announces Additional High Grade Gold Samples from Mojave and Acceleration of Warrant Expiry Date
K2 Gold Announces Additional High Grade Gold Samples from Mojave and Acceleration of Warra...
About this update from K2 Gold Corporation
[{"type":"text","content":"\n\n\n\nK2 Gold Announces Additional High Grade Gold Samples from Mojave and Acceleration of Warrant Expiry Date\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, BC, July 23, 2020\n\n\n\nTSX-V:  KTO\n VANCOUVER, BC, July 23, 2020 /CNW/ - K2 Gold Corporation (\"K2\" or the \"Company\") (TSX-V: KTO) (OTCQB: KTGDF) (FRANKFURT: 23K) is pleased to report positive additional exploration results from the its Mojave gold project (\"Mojave\") located in Inyo County, Southern California.  \nThe Company also announces that it is accelerating the expiry date of the common share purchase warrants (the \"Warrants\") issued by the Company pursuant to the previously announced private placement that closed on August 27, 2019.\nMojave Exploration Update\nPlease CLICK HERE to view all figures related to this news release.\nDragonfly\nA total of 24 samples were collected on the Dragonfly and results ranged from 0.02 – 19.8 g/t Au with 10 samples returning >1 g/t Au and 4 samples returning >10 g/t Au.  The sampling indicated that the high-grade mineralization is focused along a series of NW-SE trending, SW dipping, extensional zones up to 10m in width.  These occur between NNW trending, west dipping, sinistral strike-slip faults which are the focus of higher-grade mineralization.  The mineralization is associated with an overlapping assemblage of silicification and sericite-clay alteration, multiple generations of stockwork quartz and quartz-carbonate veining.  In addition the rocks have undergone intense iron-oxide alteration within a sequence of conglomerate, limestone, and siltstone. \nDragonfly was discovered by BHP and hosts some of the strongest oxide gold mineralization reported on the property to date, including historic chip results of 4.2 g/t Au over 42.67m, rock samples up to 22.53 g/t Au, and significant historic drilling intercepts including 1.54 g/t Au over 24.38m, starting at surface, and 3.84 g/t over 12.19m, starting at 42.19m depth, from CM97-4. \nGold Valley\nProspecting was also completed on the ...