This data will allow the Company to investigate each of the current exploration targets in more detail and potentially provide additional areas for ground follow up. High resolution spectral analysis using WorldView-3 satellite imagery.Review and report rock and soil results from the 2019/2020 exploration program.Further results are anticipated and will be released as the laboratory results are received, compiled and interpreted by K2.Ĭurrent Work and Exploration Plans for 2020 These three zones are part of 12 areas of interest on the Mojave project that were investigated during the recent 2019/2020 exploration program. As yet no rock samples have been taken at Broken Hill. The rock and soil results clearly indicate the robustness of the sedimentary gold host rocks at the Newmont and East Zones. Soils along the new trend range from 7 – 196 ppb Au and is cored by 4 samples >100 ppb Au across three soil lines. This includes a new, 330m, NW trending zone of soils on the East Zone that may develop into a distinct target pending further investigation. The soil sampling also expanded the footprints of the East, Newmont, and South zones. The anomaly occurs sub parallel to the contact of siltstone and bioclastic limestone units and has strong similarities to both the East and Newmont Zones in alteration, mineralization, and geochemistry. The Broken Hill anomaly occurs over 7 continuous samples covering approximately 300m with values ranging from 84 – 1,041 ppb Au averaging 249 ppb Au. The highlight of the soil sampling program in the South Eastern Claims was the discovery of a new target called Broken Hill (see Figure 2), approximately 700m south of the East Zone. – Summary of K2 Chip & Channel Results from the East Zone Line ID – Summary of K2 Chip & Channel Results from the Newmont Zone Line ID The samples were collected 50m apart on E-W oriented lines spaced 150m apart. Both Newmont and BHP reported internal, non-43101 compliant, historical preliminary gold resource estimates for these zones.Ī total of 214 rock samples were collected from the Newmont and East Zone over 25 lines of continuous rock chip sampling from outcrop or continuous channel samples from sub-crop/outcrop in shallow (100 ppb Au and 7 samples returning >200 ppb Au. The Newmont and East Zone are two of three zones that were intermittently explored by Newmont Mining Corporation (“Newmont”) and BHP Ltd (“BHP”) between 1985-1997 (Dragonfly, the third zone will be reported when results are compiled). Newmont, East Zone, and the newly discovered Broken Hill represent 3 of 12 targets currently under review by K2 (Fig.1 & 2). Please CLICK HERE to view all figures related to this news release. In addition, the K2 completed a 189 line-km ground magnetic survey on the eastern portion of the property and staked 151 new claims increasing the land position to 5,830 hectares. The Company took a total of 1,335 soil and 622 rock samples (of which 486 were chip/channel samples). K2 completed preliminary target definition exploration of the Mojave property in early March 2020. Grab samples up to 24.7 g/t Au from the East Zone.Anomalous soil results from a new discovery at Broken Hill, ranging 84-1,041ppb Au.Newmont Zone trenching – 2.46 g/t Au over 34m.East Zone trenching – 3.78 g/t Au over 43m.Highlights of the recent sampling at the South Eastern Claims include: The budget for this program was approximately C$500,000, including additional staking. The Mojave project spans 5,830 hectares and is located 240km north west of Las Vegas and 30km south east of the town of Lone Pine. – Ap– K2 Gold Corporation (“ K2” or the “ Company”) (KTO:TSX-V) is pleased to report preliminary exploration results from the South Eastern Claims at the Company’s Mojave Project (“Mojave”) in southern California. Trenches - 3.78 g/t Au over 43m and 2.46 g/t Au over 34m
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |