- K2 Gold Corporation (KTO) has outlined its exploration plans for the Si2 and Wels projects
- Si2 surveys will identify gold structures, then follow-up sampling, then outlining targets
- The Wels Project will see more field work after K2 found high-grade gold mineralization
- Exploration will focus on the Saddle, Chai, and Pekoe targets
- K2 also announced it will be granting 2.85 million incentive stock options
- K2 Gold Corporation (KTO) is unchanged trading at $0.14 per share as of 3:41 p.m. ET
K2 Gold Corporation (KTO) has outlined its 2022 exploration plans for the Si2 and Wels projects.
The company stated it will evaluate the Si2 property using a model that shows overlying gold mineralization like AngloGold Ashanti’s Silicon Project. Si2 was also identified by the exploration team who worked on the Silicon Project.
Next to be completed are surveys which will help K2 identify structures that might hold gold mineralization, and a drone will be sent over to give an aerial image of the area.
K2 will then follow up with detailed mapping, as well as rock chip and soil sampling, then move onto surveys that will focus on any targets it may have found.
K2 is also planning a return to the Wels Project in the Yukon for the 2022 field season, where high-grade gold mineralization was identified at the project’s Saddle target.
Exploration plans for 2022 will focus on identifying gold anomalies over the Saddle, Chai, and Pekoe targets.
K2 also announced it will be granting 2.85 million incentive stock options to certain directors, officers, employees, and advisors of the company.
The options can be exercised at $0.15 per for five years after they have been given with 25 per cent entrusting upon grant, then 25 per cent every three months.
K2 Gold Corporation (KTO) is unchanged trading at $0.14 per share as of 3:41 p.m. ET.