K2 Gold Provides A Technical Update of the Wels Property; Expands footprint of the gold system.
K2 Gold Provides A Technical Update of the Wels Property;
Expands footprint of the gold system.
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES
OR FOR THE DISSEMINATION IN THE UNITED STATES
Vancouver, B.C. – April 12th, 2018 – K2 Gold Corporation (“K2” or the “Company”)
(KTO:TSX-V) is pleased to announce that recent re -interpretation of the geochemical
and geophysical data at Wels increases the gold system footprint to an area covering 3
km x 1.5 km and identifies additional structures that may be controlling the system . The
Wels Gold Property (“Wels” or “the Property”) is located in west-central Yukon Territory
in the Traditional Territory of White River First Nation (“WFRN”).
Re-interpretation of the existing rock, soil, and drill sample geochemistry was conducted
by Chris Benn, a highly respected geochemist with 33 years’ experience including 27
years with majors, most recently with Gold Fields Ltd. Re-interpretation of the ex isting
geophysical data was conducted by Mark Hanki, Project Geophysicist at Apex
Geoscience Ltd in Edmonton.
Highlights:
• Antimony (Sb), and arsenic (As) are pathfinder elements that show a clear affinity
with the known gold ( Au) in all rock -types at Wels. This may suggest that gold
mineralization has affinity to orogenic style gold deposits which are typical in the
200 km wide and 1,200 km long Tintina Gold Belt that hosts the Goldcorp’s
Coffee deposit (4.09M Oz at 1.38 g/t) located 65km north-east of Wels.
• The dominant Sb signature shows a clear mineralisation footprint of 3 km x 1 .5
km that includes the Saddle and Chai prospects. The boundaries of this footprint
are likely to be significant for exploration in defining limits to at least one zone of
mineralisation. Eleven geochemical anomalies have been defined that will aid in
exploration targeting in 2018.
• A series of dominant structures trending NW-SE were identified during the re-
interpretation of the existing geophysical data and these structures correlate well
with the geochemical footprints.
Please CLICK HERE to view figure related to this news release.
Jo Price, VP Exploration commented, “The new geochemical and structural analysis has
identified a potentially large gold system at Wels and the clarification of existing and new
geochemical anomalies will help us zone in on covered high-grade gold zones during
our 2018 exploration work.”
Stephen Swatton, President and CEO commented, “I am very encouraged at the
increased size of the mineralization footprint at Wels and the potential for a large- scale
discovery.”
2018 upcoming exploration programs are currently being designed based on the re-
interpretation. Program details and budgets will be released when available.
Jo Price, P.Geo., is the Qualified Person, in accordance with NI 43-101 of the Canadian
Securities Administrators, and is responsible for the technical content of this press
release.
For additional information please contact Stephen Swatton at 604-343-3530.
On behalf of the Board of Directors,
“Stephen Swatton”
President and CEO
K2 Gold Corporation.
Forward-Looking Caution:
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 f rom those expressed or implied by such forward-looking
statements, including statements regarding the mineral potential of the Flume Gold Property, 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 reach satisfactory agreements with First Nations to facilitate its exploration and
development plans for the Flum e Property, 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 ar e 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 constit ute 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 ac count 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.
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IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.