VANCOUVER, BRITISH COLUMBIA–(Marketwired – April 27, 2017) –
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR THE DISSEMINATION IN THE UNITED STATES
K2 Gold Corporation (“K2” or the “Company“) (TSX VENTURE:KTO) is pleased to announce that it has recently staked and filed 208 claims in the eastern Moosehorn Range area adjacent to Independence Gold’s Moosehorn Property in Central West Yukon. The single claim block, collectively known by the Company as the Ladue Property, is located adjacent to a district that has undergone significant historical placer mining activity. It is also close to the location where several gold veins were discovered in the 1970’s. The western side of the Moosehorn range has been extensively explored but the eastern end has witnessed very little exploration activity, probably due to access limitations and less outcrop. The gold veins discovered to date in the Moosehorn Range are hosted in several phases of granitoid and felsic-related rocks that are believed to be structurally controlled within a dilational geologic setting.
K2 intends to undertake prospecting and a limited soil sampling program at Ladue in 2017.
K2 is undergoing a strategy of identifying prospective areas for staking in the Klondike and South Klondike / White River area based on identifying analogies with the Coffee Creek deposit style mineralization (Goldcorp) and / or areas prospective for intrusion related or orogenic gold deposit systems in this evolving exploration district
K2 has staked 11,690 hectares of prospective ground in 2017 and now holds, or has an option on, a total area of 20,495 hectares (205 square kilometers) of prospective ground spread between its flagship Wels gold project and the Flume, Storck and Ladue properties.
The Company is aggressive in acquiring ground as part of its strategy and will probably acquire additional ground in 2017 and 2018.
R. Allan Doherty, 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.
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 from those expressed or implied by such forward-looking statements, including statements regarding the mineral potential of the Ladue 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 Ladue 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 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.
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