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K2 Gold Identifies New Gold Zone and Five New Targets at the Mojave Project
VANCOUVER, British Columbia, June 01, 2020 (GLOBE NEWSWIRE) -- K2 Gold Corporation (“K2” or the “Company”) (KTO:TSX-V) is pleased to report that it has identifi
About this update from K2 Gold Corporation
[{"type":"text","content":" VANCOUVER, British Columbia, June 01, 2020 (GLOBE NEWSWIRE) -- K2 Gold Corporation (“K2” or the “Company”) (KTO:TSX-V) is pleased to report that it has identified a new target area, Gold Valley, at the Company’s Mojave Project (“Mojave”) in southern California. In addition, K2 has received the results of the WorldView-3 high-resolution, multi-spectral, remote sensing survey of the property which has identified at least five new targets, two of which are more than a kilometre in length. The Mojave project spans 5,830 hectares and is located 240km north west of Las Vegas and 30km south east of the town of Lone Pine. Highlights Include: New gold target identified in colluvium at Gold Valley from soil sampling, interpreted as the NNW extension of Dragonfly Zone Completion of WorldView-3 remote sensing survey over the Mojave Property and discovery of two strong linear alteration zones (~2km and 1.5km in length) at Upland Valley and several other secondary priority anomalous areas throughout the property. Grab rock sampling at Dragonfly returned up to 15.2 g/t Au, and limited trench sampling including 2.5g/t Au over 4.6m has confirmed previous work by BHP “The new discovery at Gold Valley is exciting and significant; it may result in the discovery of the extension of the previously drilled Dragonfly mineralization beneath cover and over a strike length of approximately 2km,” stated Stephen Swatton, President and CEO of K2. “Additionally, the preliminary WorldView results have given the company new targets to follow up which have similar alteration footprints to known mineralization; two of the new anomalies are over 1km in length and have never previously been explored or sampled.” K2 completed preliminary target definition exploration of the Mojave property in early March 2020. The Company took a total of 1,335 soil and 622 rock samples (of which 486 were chip/channel samples). In addition, K2 completed a 189 line-km ground magnetic survey on the eastern portion of the property and staked 151 new claims increasing the land position to 5,830 hectares. Highlights from the Newmont, East, and Broken Hill targets on the south-eastern portion of the property were previously released and included trench results of 3.78 g/t Au over 43m (East Zone); 2.46 g/t Au over 34m (Newmont Zone); a...