K2 Gold Provides Update on 2017 Yukon Exploration Programs

About this update from K2 Gold Corporation

[{"type":"text","content":"VANCOUVER, British Columbia, Nov. 06, 2017 (GLOBE NEWSWIRE) -- K2 Gold Corporation (“K2” or the “Company”) (TSX-V:KTO) is pleased to provide a further update on results from its 2017 exploration programs at the Wels, Flume, Storck, and Ladue properties. The highlights of these results include the following: Wels Gold mineralization has now been discovered in 3 host rocks, granitoids (Saddle), gabbro (Southwest Spur) and quartzites (Chai). Drilling at the Saddle Zone identified multiple zones of gold mineralization and extended the known strike length to 150m. The mineralization remains open in all directions (See press release dated August 10, 2017; and Figure 1a enclosed). Prospecting has identified two new areas of mineralization (Southwest Spur and Chai; Figure 1b). Multiple soil anomalies, particularly North Ridge (1050 by 700m), Southwest Spur (700 by 400m), and the most recent discovery Chai (1600 by 300m), require further trenching and prospecting. Flume and Storck Soil sampling in the northern section of Flume confirmed a Au-in-soil anomaly approximately 1.2 km by 3 km in size immediately adjacent Kestrel Gold’s Val-Jual property, where numerous significant soil anomalies have been identified (See Kestrel Gold press releases of August 22, 2017 and September 14, 2017). Prospecting and trenching in the south-central portion of Flume, in the area of historical exploratory drilling, identified surface gold mineralisation within variably silicified, carbonate altered metasedimentary rocks (Figure 2). A new Au-in-Soil anomaly was also discovered in the south-eastern portion of Flume (Figure 2). First pass “ridge and spur” soil sampling at Storck yielded two Au-in-soil anomalies (Figure 2).  Ladue Reconnaissance-style “ridge and spur” soil sampling was conducted at the recently staked Ladue Property in the eastern Moosehorn Range area where numerous Au-in-soil anomalies were identified (Figure 3). Steve Swatton, President and CEO commented, “The fact we are continuing to find high grade gold mineralization in multiple lithologies at Wels supports our view that we have only scratched the surface of what could be a significant discovery.  The extent, continuity and robustness of the mineralizing system has already exceeded our expectations at this early exploration stage. There is much more work that needs to be do...

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