K2 Appoints Jim Paterson to the Board of Directors, and Rob Carpenter as Technical Advisor
K2 Appoints Jim Paterson to the Board of
Directors, and Rob Carpenter as Technical
Advisor
Vancouver, British Columbia--(Newsfile Corp. - April 5, 2022) - K2 Gold Corporation (TSXV: KTO)
(OTCQB: KTGDF) (FSE: 23K) ("
K2
" or the "
Company
") today announced the appointment of Jim
Paterson as a director of the Company, and Rob Carpenter has been appointed as a technical advisor.
As a principal of Discovery Group,
Jim Paterson
will bring a wealth of experience to K2's board of
directors, as well as to the Company's marketing and corporate development activities. Jim is currently
the Chairman and CEO of ValOre Metals Corp. a leading platinum group explorer in Brazil and owner of
the Angilak Property uranium project in Nunavut. Jim was an active independent director of Kaminak
Gold Corp. (acquired by Goldcorp) and founding director Northern Empire Resources Corp. (acquired
by Coeur Mining) and he currently sits on the board of Great Bear Royalties Corp. In 2007, Jim founded
Corsa Capital Ltd. Corsa's 2008 IPO led to a 2010 transaction which created a leading U.S.
metallurgical coal producer with a C$250M market capitalization.
K2 is also pleased to announce that
Rob Carpenter
, Ph.D., P.Geo. has agreed to join the team as a
technical advisor. Rob has over 30 years of corporate and technical mineral exploration experience for
junior and major mining companies. He was Co-Founder, President and CEO of Kaminak Gold
Corporation from 2005 to 2013 and led the company through the acquisition, discovery and maiden
resource of the 5-million-ounce Coffee Gold Project, located in the White Gold District, Yukon. Kaminak
Gold was subsequently acquired by Goldcorp Inc. in 2016 for $520 million.
Rob has received awards from the Association for Mineral Exploration of British Columbia for
Excellence in Mineral Exploration (2013) and Social and Environmental Stewardship (2008). In 2004, he
completed his Ph.D. at Western University, in London, Ontario where he worked on the Meliadine Lake
gold deposits that are currently owned by Agnico Eagle Mines Ltd. Currently Mr. Carpenter is Co-
Chairman of Ethos Gold.
"I am pleased to welcome Jim Paterson, and Dr. Rob Carpenter to the K2 team. I have worked with both
Rob and Jim extensively over the years and their experience will be a valuable addition to K2," stated
John Robins, Executive Chairman of K2 Gold.
About K2 Gold
K2 is a member of Discovery Group and currently has projects in Southwest USA and the Yukon.
The Si2 project was identified and staked by Orogen Royalties generative team using the same
proprietary techniques used to select AngloGold Ashanti's Silicon project:
https://www.nasdaq.com/press-release/anglogold-announces-3.37-million-ounce-gold-resource-on-
orogens-silicon-royalty
. Located within the Walker Lane mineral trend in Esmerelda County, Nevada.
The property encompasses a large alteration zone hosted by an arcuate rhyolite dome field. The
alteration zone is characterized by an alunite-kaolinite-buddingtonite mineral assemblage, typical of the
upper levels of an epithermal gold system and shows significant favourable characteristics similar to
AngloGold's Silicon project. The project is also proximal to Allegiant Gold USA's Eastside property in
which Kinross recently made a $4M strategic investment.
The Wels project located in west-central Yukon Territory in the Traditional Territory of White River First
Nation ("WFRN"), within the well-known 'Tintina Gold Belt' and exhibits strong characteristics of both
Newmont's Coffee project, as well as White Gold's Golden Saddle project. The discovery zone of the
Wels project is characterised by mineralization within a granitic stock at the Saddle Zone that include
grab samples of up to 149 g/t Au and trench samples of 8.8 g/t Au over 45m. The project was acquired
by K2 in 2017, where a limited drill program on the Saddle Zone returned encouraging results of 2.37 g/t
Au over 28.5m and 10.38 g/t Au over 6m. Mineralization has been defined over 135m along strike, to
150m depth; and is open in both directions along strike and depth.
The Mojave project located in California, is a 5,830-hectare oxide gold project with base metal targets.
Multiple previously recognized surface gold targets have been successfully drilled in the past by majors
BHP and Newmont. Since acquiring the property, K2 has completed geochemical and geophysical
surveys, geologic mapping, Lidar, a World-View 3 alteration survey, and successfully completed a 17
hole RC drill program focused on the Dragonfly and Newmont Zones.
K2 is committed to transparency, accountability, environmental stewardship, safety, diversity, inclusion,
and community engagement.
On behalf of the Board of Directors,
"Anthony Margarit"
President and CEO
K2 Gold Corporation.
For further information about K2 Gold Corporation or this news release, please visit our website at
k2gold.com
or contact our Office in Canada at 778-266-1456 or by email at
.
K2 Gold Corporation is a member of Discovery Group based in Vancouver, Canada. For more
information please visit:
discoverygroup.ca
.
Cautionary Statement on Forward-Looking Statements
This news release contains forward-looking statements that are not historical facts.
Forward-looking
statements involve risks, uncertainties and other factors that could cause actual results, performance,
prospects and opportunities to differ materially from those expressed or implied by such forward-looking
statements, including statements regarding the exploration program at Si2, Wels, and Mojave, including
results of drilling, and future exploration plans at Si2, Wels, and Mojave.
Factors that could cause actual
results to differ materially from these forward-looking statements include, but are not limited to, variations
in the nature, quality and quantity of any mineral deposits that may be located, the Company's inability to
obtain any necessary permits, consents or authorizations required for its planned activities, and the
Company's inability to raise the necessary capital or to be fully able to implement its business strategies.
The reader is referred to the Company's public disclosure record which is available on SEDAR
(
www.sedar.com
).
Although the Company believes that the assumptions and factors used in preparing
the forward-looking statements are reasonable, undue reliance should not be placed on these
statements, which only apply as of the date of this news release, and no assurance can be given that
such events will occur in the disclosed time frames or at all.
Except as required by securities laws and
the policies of the TSX Venture Exchange, the Company disclaims any intention or obligation to update
or revise any forward-looking statement, whether as a result of new information, future events or
otherwise.
This news release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be
any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be
unlawful, including any of the securities in the United States of America.
No securities of the Company
have been or will, in the foreseeable future, be registered under the United States Securities Act of 1933
(the "1933 Act") or any state securities laws and may not be offered or sold within the United States or
to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless
registered under the 1933 Act and applicable state securities laws, or an exemption from such
registration requirements is available.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/119278