Business
K2 Gold Completes 2019 Exploration at Wels; Trenches 2.15 g/t Au over 8m at the Pekoe Target, 0.64 g/t over 36m at the Chai Target
VANCOUVER, British Columbia, Feb. 20, 2020 (GLOBE NEWSWIRE) -- K2 Gold Corporation (“K2” or the “Company”) (KTO:TSX-V) is pleased to report the results of 2019
About this update from K2 Gold Corporation
[{"type":"text","content":" VANCOUVER, British Columbia, Feb. 20, 2020 (GLOBE NEWSWIRE) -- K2 Gold Corporation (“K2” or the “Company”) (KTO:TSX-V) is pleased to report the results of 2019 exploration 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”). The 2019 program focused on the Pekoe and Chai target areas, and included trenching, prospecting, and soil sampling that was designed to follow up on previously identified anomalies and evaluate the extent of mineralization. Highlights Include: 3 trenches totaling 92.6m at the Pekoe target returned 2.15 g/t Au over 8m and 0.8 g/t Au over 7.6m. 1 trench totaling 71.5m at the Chai target returned 0.64 g/t Au over 36m including 1.2 g/t Au over 15m. Additional anomalous float grab samples returned 2.59 g/t and 1.52 g/t at Chai; 1.52 g/t Au approximately 250m south of the main Saddle zone, 2.18 g/t Au from Pekoe, and 0.68 g/t Au from a new area located 575m north of Pekoe. Three trenches at the Pekoe target (19-T1a and b, 19-T2) and one trench at Chai (19-T2) were completed at Wels using a CanDig portable mini excavator and tested areas of anomalous gold bearing grab samples as well as Au+As soil anomalies. A total of 164.1m of trenching was completed and 31 channel samples were collected from the trenches over widths ranging from 1 to 5m. Trenches 19-T1a and 19-T1b on the Pekoe target returned 2.15 g/t Au over 8m and 0.8 g/t Au over 7.6m. The mineralisation is associated with quartz-carbonate veined and altered gabbro with arsenopyrite,+/- pyrite and chalcopyrite within a broad, E-W trending, fault zone. Trench 19-T2 is located 300m SE of 19-T1a and returned 0.12 g/t Au over 33.5m. The mineralization occurs in weathered granite, and appears similar to the rocks which host mineralization at the Saddle zone. This marks the most northerly exposure of the Saddle zone type granite currently known on the Property, potentially extending the mineralized granite body by 1.4 kilometers to the northwest. In addition, a series of 12 soil samples were collected at 20m intervals, along strike of the trench and continuing downslope to locate the granitic boundaries. Granitic in situ weathered rocks were observed in 11 consecutive sites, further extending the granite approximately 200m downslope and the soil samples...