K2 Gold Corporation is a mineral exploration company with its primary focus being its 90% option to the Wels Gold Property located in the Traditional Territory of White River First Nation (the “WRFN”), and is approximately 50km east of Beaver Creek and 180 km south of Dawson City, west central, Yukon. The area comprises 229 contiguous ‘quartz claims’ covering an area of approximately 4,788 hectares. The Property is a new discovery in an area not previously recognized to host the potential for gold. The Property was staked in 2011 and to date only 1 km by 1km of the Property has undergone some exploration (soil, trench-rock sampling and diamond drilling). The remainder of the Property has undergone little or no exploration or has only been subjected to airborne geophysics (2.5km x 2.5km grid flown for magnetics and radiometrics).
The Property is located within the prolific Tintina Gold Province that stretches over 1,500km from western Alaska to eastern Yukon and is host to a variety of styles of gold and base metal mineralization. The local geology is interpreted as IRGS type with ‘Tombstone Belt’ rock-type affiliations similar to the Dublin Gulch-Eagle and Fort Knox gold mines, both multi-million ounce deposits.