K2 Gold Corporation (TSXV: KTO) today reported that the company has succeeded in expanding the gold mineralization footprint at the Stega Target at the company’s Mojave operation. Exactly 42 samples and 385 continuous chip-channel samples were gathered on the Stega gold zone.
An aggregate 1,051 samples have been gathered on the Stega Gold Zone and is inclusive of 87 samples that assayed at greater than 1 g/t gold, as well as 126 samples assayed at greater than 0.5 g/t gold. Results assayed up to 12.68 g/t gold at the top range of the results.
This recent sampling broadens the Stega target gold zone to an area totaling 800m x 1,800m. The zone remains open to the North West and could potentially extend as far as the Boland target, which is 1.2 kilometers to the South East.
The company also highlighted a series of historical trenching and drilling that has previously been conducted on the target, including:
- The Surface Trench assayed at 5.28 g/t gold for 5.33 meters
- Hole DG-01 assayed at 0.86 g/t gold for 13.72 meters
- Hole DG87-02 assayed at 1.82 g/t gold for 7.62 meters
- Hole DG87-09 assayed at 0.75 g/t gold for 13.72 meters, inclusive of 1.13 g/t gold for 4.57 meters
The company also announced this morning that the permitting process for the next phase of drilling of the Mojave project is nearing the 30-day public consultation phase.
K2 Gold Corporation last traded on the TSX Venture at $0.36.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization unless otherwise mentioned. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.