VANCOUVER, Nov. 08, 2017 (GLOBE NEWSWIRE) -- K2 Gold Corporation (“K2” or the “Company”) (TSX-V:KTO) is pleased to announce that it has completed staking of an additional 26 claims 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”).
- Increases property claims by approximately 10% in response to favourable results from the 2017 field exploration program.
- The Wels Project now covers approximately 6500 ha of prospective ground.
The Wels Project now consists of 313 quartz claims including the newly staked 26 claims on the eastern edge of the property (Figure 1). The additional claims comprise of an area of ~550 ha which brings the total Wels land package to 313 quartz claims and 6500 ha. These new claims were staked on the assessment of anomalous rock grab and soil data analyzed by K2 in 2017 and cover the strike extent of new anomalous target areas including Chai as well as the eastern strike extent of the Saddle.
Jo Price, VP Exploration commented, “The Wels project represents a large, prospective opportunity and we are excited to continue vectoring into potential higher-grade gold mineralization as we develop our knowledge of the geology and structural setting. The additional land position solidifies our current property position and provides significant exploration 'buffer' around known zones and targets.”
About K2 Gold Corporation
K2 Gold Corporation is a junior mineral exploration company focused on building a portfolio of gold exploration projects in the Yukon, including the Wels Property located approximately 185 km south of Dawson City, Yukon. In addition to Wels the Company is conducting exploration at the Flume, Storck and Ladue properties in the South Klondike district north of Wels. The Company has assembled an experienced management team and board of directors with a track record of discovery success.
Qualified Person
Jo Price, P.Geo., VP Exploration of K2 and a Qualified Person under National Instrument 43-101 has reviewed and approved the technical information on the is release.
