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K2 Gold Identifies Large Magnetic Anomaly at Mojave in Inyo County of California

Mining News - Published on Tue, 11 Aug 2020

Image Source: K2 Gold Mojave Gold Project
K2 Gold Corporation has identified a large magnetic anomaly on the Mojave gold project in Inyo County in California following an 8.3 square kilometers ground magnetic survey. The magnetic survey was focused on the gold-rich Eastern Target area covering the East, Newmont, Central, and Dragonfly target areas. In addition to the geophysical survey K2 completed a 72 square kilometers LiDAR topographic survey.

An 8.3 square kilometers ground magnetic survey was completed on the gold-rich Eastern Target area covering the East, Newmont, and Dragonfly target areas of Mojave. The data is being used in concert with available geochemical, geological, LiDAR, and WorldView-3 spectral imagery to advance the geologic and structural interpretation of the target area. In addition, a 3D inversion was completed on magnetic data to assess the potential for deep magnetic sources that may be associated with intrusions beneath the target. The inversion indicated a large, 600m x 900m, magnetic feature approximately 600 m beneath the Central portion of the Eastern target area that is interpreted as an intrusion and may be associated with mineralization in the area. In addition, a set of smaller magnetic features also occur beneath the Dragonfly target. These appear to come to surface in colluvial cover immediately west of the target and may represent addition intrusive bodies. Follow up investigation of the anomalies will be conducted in the near future.

A 72 square kilometers LiDAR survey was also completed on Mojave, and provided high-resolution (<1m) base imagery and topographic data that is being utilized to advance the Company’s geologic and structural interpretation on the project. Preliminary analysis of the data highlighted a series of previously unmapped structural lineaments across the property and historic workings/prospects that warrant follow up investigation. Furthermore, the data provides high-resolution topographic data that will aid in drill planning, permitting, and 3D modelling efforts on the project. Further analysis of the data is ongoing.

K2 is a well financed gold and silver exploration company with approximately $2M cash and projects in SW USA, Yukon and Alaska. The Company is focused on the Mojave property in California, a 5,830 hectare oxide gold project with base metal targets.

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Posted By : Yogender Pancholi on Tue, 11 Aug 2020
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