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K2 Gold Commences Reverse Circulation Drilling at the Wels Project, Yukon
Vancouver, British Columbia--(Newsfile Corp. - September 11, 2023) - September 11, 2023 - K2 Gold...
About this update from K2 Gold Corporation
[{"type":"text","content":"K2 Gold Commences Reverse Circulation Drilling at the Wels Project, YukonVancouver, British Columbia--(Newsfile Corp. - September 11, 2023) - September 11, 2023 - K2 Gold Corporation (TSXV: KTO) (OTCQB: KTGDF) (FSE: 23K) (\"K2\" or the \"Company\") today announced that the 2023 Reverse Circulation (\"RC\") drilling program is underway at its 100% owned Wels Project, located in west-central Yukon, Canada.\"The Wels Project represents one of the best underexplored gold systems within the Tintina Gold Belt, and Yukon. High grade gold mineralization was drilled in 2015 and 2017 over 125m of strike at a single target area, with the remainder of the property left undrilled. The Mag-VLF survey we completed last summer defined completely untested structural targets adjacent to high grade gold at surface and in the previous drilling, as well as multiple untested kilometre-scale structures with coincident high-grade soil and rock anomalies. We look forward unleashing the expertise of our technical teams' Yukon experience on the Wels project,\" stated Anthony Margarit, President and CEO of K2 Gold.The Wels Project is a high-grade, structurally controlled gold system which exhibits characteristics similar to projects in the Yukon's White Gold district such as Newmont's Coffee Project and White Gold Corporation's Golden Saddle deposit.K2's previous drilling at Wels was focused on the Saddle target, testing 125m of strike.Highlights included near-surface high grade intervals such as 10.38 g/t Au over 6m from 9m down hole, and 3.53 g/t Au over 19.5m from 31.5m down hole.All drilling was conducted within the Saddle granite.Saddle remains open in all directions. K2's electromagnetic Very Low Frequency (\"VLF\") survey identified two prominent VLF anomalies interpreted as structures at the northern and southern margins of the Saddle granite, as well as kilometre-scale VLF anomalies at the Chai, Pekoe, and Gunpowder targets.These structures host coincident high-grade gold in soil, are interpreted as major fluid conduits, and have never been tested by drilling. Additional kilometre-scale VLF anomalies are observed at the Pekoe, Chai, Gunpowder, and Matcha targets, all of which are undrilled and host strong soil and trench gold anomalies.The 2023 RC drilling program is designed to test each target area, targeting soil and trench gold anomalies ...