WELS PROJECT

Location	Western Yukon, approximately 40km from Beaver Creek, YT and 60km south of Newmont Goldcorp’s 4Moz Coffee deposit. Located in the traditional territory of White River First Nation with which K2 has a cooperative relationship.
Land Package	350 contiguous quartz claims covering 7,200 hectares.
Mineralization	Structurally controlled gold mineralization within granitic intrusives, gabbro, and metasediments with similarities to the Coffee and Golden Saddle deposits. Includes 3 known trends of mineralization, only 1 drilled to date, and over 80% of the property is unexplored.

Wels is underlain by metasedimentary and metvolcanic rocks of the White River Formation that have been intruded by a series of Triassic gabbroic sills, and Cretaceous granitic plugs. This package has been cut by a series of WNW trending structures that host alteration and gold mineralization. Mineralization is noted in all rock types observed on the property to date and is associated with quartz veining, brecciation, and sericite alteration with anomalous As, Sb, and, locally, visible gold. All mineralized trends remain open along strike and approximately 80% of the property is unexplored.
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View 43-101 Technical Report

Regional Prospecting

1 rock, 10 stream, and 21 soil samples taken on the ground now held by K2 Gold

Report Published

YGS District Report published on 2002 sampling. Of the 21 soil samples collected(2002), only 2 were marginally anomalous: 33ppb gold and 56ppb gold

Staking & Soil Sampling

Staked by 2 prospectors in March 2011 and then optioned to Gorilla Minerals in June 2011

Staking Soil and Rock Sampling

An early rock sample taken (hand dug Trench A) ran 149.5 g/t gold

Rock Sampling

5 further rock samples taken to confirm the 2012 program

Geophysics

Airborne Magnetic and radiometric survey

Trenching

155m of shallow trenching (with a 'CanDig' backhoe). Best sections 45.0m @ 8.8 g/t Au including 40.5m @ 9.15 g/t Au

Drilling

442m of diamond drilling (5 holes), all returned gold mineralization

Drilling

1232m of diamond drilling at Saddle, well defined zone

Prospecting

Two new gold bearing targets identified