North of 60 Mining News - The mining newspaper for Alaska and Canada's North

K2 Gold Corp. May 17 announced that it has staked 123 state of Alaska mining claims along the Alaska-Yukon border about 20 miles (30 kilometers) northeast of Northway.

Known as the McArthur Creek property, this new eastern Alaska land package covers roughly 18,300 acres in the Moosehorn Range, a cross-border region that has produced more than 100,000 ounces of placer gold. While there has been extensive claim staking and exploration on the Canadian portion of the range, the Alaskan side has seen very little modern exploration.

"Exploration thus far on the Canadian side of the border seems to indicate that there is an extensive orogenic style mineralized gold system in the range. The McArthur Creek project represents a large, prospective district scale opportunity in an area that has seen limited exploration to date, said K2 Gold Vice President of Exploration Jo Price.

With four gold projects in western Yukon – Wels, Flume, Storck and Ladue – K2 Gold is very familiar with the geology of this stretch of the Tintina Gold Belt, a 125- by 750-mile gold-rich province that arcs from northern British Columbia, through the southwest corner of Yukon, and across Alaska.

The company's Ladue gold project is located only about 10 miles (15 kilometers) east of the McArthur Creek property on the Yukon side of the border.

K2 Gold staked Ladue in 2017 and carried out early stage sampling on the property last year.

Wels, the company's flagship property, is located roughly 45 miles (70 kilometers) southeast of McArthur Creek and about 30 miles (50 kilometers) east of the Alaska-Yukon border.

–SHANE LASLEY