K2 Gold (KTO.V)

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andybb10
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K2 Gold (KTO.V)

Post by andybb10 » Tue Dec 08, 2020 7:52 pm

Just came across this one - looks highly prospective. Anyone know of this group and the management team?

K2 Drills 86.9 m of 4.0 g/t Gold from Surface at Mojave
Investor Webinar Thursday December 3 at 9:00AM PST

Vancouver, B.C. – November 30, 2020 – K2 Gold Corporation (“K2” or the “Company”) (TSX-V: KTO; OTCQB: KTGDF; FRANKFURT: 23K) is pleased to announce that significant high-grade oxide gold has been intercepted in the first three of the recently completed 17 hole, 2,540-meter program at the Company’s 100% owned Mojave property (“Mojave”), Southern California. Drill hole DF20-002 (located 96 meters from the nearest previous drill hole) intercepted 86.9 meters of 4.0 g/t gold, including 45.7 meters of 6.7 g/t gold from surface. The gold mineralization shares characteristics of both Carlin and epithermal type systems and is hosted within fractured, silicified and altered Triassic age calcareous siltstone, sandstones and shales.

Highlights:

Preliminary Phase 1 drill results from first three reverse circulation (“RC”) holes at Mojave:
DF20-001 – 51.8 meters of 1.2 g/t gold from surface, including 18.3 meters of 3.1 g/t gold
DF20-002 – 86.9 meters of 4.0 g/t gold from surface, including 45.7 meters of 6.7 g/t gold
DF20-003 – 62.5 meters of 1.4 g/t gold from 3.1 meters, including 18.3 meters for 3.2 g/t gold
All three holes were drilled at the Dragonfly zone at site DF-1
Drilling confirms historical mineralization reported by BHP and demonstrates strong continuity along strike
Confirms potential for high grade, near-surface, oxide gold mineralization
Assays are pending for 14 additional holes
http://k2gold.com/news-media/news/index ... ent_id=204
“What has been will be again, what has been done will be done again; there is nothing new under the sun.” — Ecclesiastes 1:9
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