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OK2 Minerals Completes RC Drilling at Pyramid; Diamond Drills to Be Mobilized Shortly to Test Deeper Porphyry Targets

VANCOUVER, British Columbia, Aug. 14, 2017 (GLOBE NEWSWIRE) -- OK2 Minerals Ltd. (TSXV:OK)(the “Company” or “OK2”) is pleased to report that results have been received for all Reverse Circulation (RC) drill holes in the 2017 Phase 1 exploration program at the Company’s Pyramid copper-gold porphyry project at the northern tip of BC’s “Golden Triangle”. Eleven holes were drilled for a total of 1260.42m and four zones were drill tested: the West, Central and East Zones as well as Zone 37.

The RC drilling program was successful in testing IP geophysical anomalies and surface geochemical anomalies. The depth limits of the RC drill rig (200m) meant that the deeper geophysical targets could not be tested and deeper testing of the geologic model based on surface and downhole geochemistry, remains a priority.

Based on results from this program, diamond core hole locations have been finalized and contractor Omineca Drilling will be mobilized to the site shortly to begin a diamond core program to test these deeper targets.

Mike Devji, CEO states: “We are pleased with these results, as they demonstrate a large area of encouraging mineralization. We will follow up by diamond drill testing of all three zones, and are particularly excited to test the Central and West Zones with deeper diamond drill holes as our exploration efforts to-date clearly show that there is excellent potential for a deeper copper-gold porphyry system. The size of this project makes drill targeting an involved process, and we continue to be impressed with our early-stage exploration results.”

West Zone: PY-17-08 was drilled to intersect anomalous copper and gold surface rock and soil geochemistry as well as targeting an area of moderate chargeability between two chargeability high’s. This hole encountered 6.62m of 0.25 g/t Au.  PY-17-09 was drilled into a 500m wide shallow chargeability high in the western portion of the West Zone. It returned encouraging copper mineralization with 21.32m of 0.09% Cu from 67.06m including 9.14m of 0.13% Cu. Chip logging determined the presence of strong QSP (Quartz-Sericite-Pyrite) alteration within the drill hole.

                 
Target Drill Hole From To Length (m) Cu ppm Cu % Au ppb Au g/t
West Zone PY-17-08 16.76 83.82 67.06 257 0.03 52 0.05
  including 77.2 83.82 6.62 218 0.02 245 0.25
West Zone PY-17-09 67.06 88.38 21.32 891 0.09 29 0.03
  including 79.25 88.39 9.14 1268 0.13 16 0.02
                 

Central Zone: Drill holes PY-17-01 through PY-17-03 were drilled into the Central Zone to investigate an area mostly covered in overburden, with anomalous copper-in-soil geochemistry and coincident near-surface to deep chargeability highs. This drilling confirmed the presence of a new porphyry copper mineralized body with intense QSP alteration in PY-17-03 grading into propylitic alteration (Epidote-Chlorite-Carbonate-Pyrite) in PY-17-01 and PY-17-02, all noted in thin section. Drill hole PY-17-03 returned low grade intercepts but did show anomalous copper throughout most of the drill hole with up to 0.06% Cu from 152.4 to 153.92m. The drill hole was completed to a depth of 164.59m with both copper and sulfur increasing with depth. The Company is encouraged by these results as they confirm that the Central Zone represents a new porphyry system that will be tested at depth with diamond drilling.

East Zone: Two RC holes were drilled to cross cut surface rock sampling up to 11.6 g/t Au.  Drill holes PY-17-04 and PY-17-05 both encountered Argillic (Clay-Pyrite) alteration as well as QSP alteration. The results are summarized below in Table 1. This drilling confirms the presence of wide spread gold ± copper mineralization. The most significant intercept were 28.95m of 0.28 g/t Au in hole PY-17-04, which included 4.57m of 1.43 g/t Au and 91.44m of 0.12 g/t Au which included 4.57m of 0.94 g/t from shallow depths in PY-17-05. This zone remains a target for future diamond drilling.

                 
Target Drill Hole From To Length (m) Cu ppm Cu % Au ppb Au g/t
East Zone PY-17-04 19.89 77.7 57.81 184 0.02 153 0.15
  Incl. 19.89 48.84 28.95 179 0.02 279 0.28
  Incl. 19.89 24.46 4.57 215 0.02 1426 1.43
East Zone PY-17-05 28.96 120.4 91.44 278 0.03 124 0.12
  Incl. 28.96 33.53 4.57 106 0.01 938 0.94
  Incl. 85.34 102.11 16.77 841 0.08 196 0.20
  Incl. 117.35 120.4 3.05 1285 0.13 894 0.89
                 

Zone 37:  Two drill holes; PY-17-10 and PY-17-11 in this prospective zone did not return any significant intercepts with gold mineralization. 

/EIN News/ -- ABOUT OK2 Minerals Ltd.

OK2 Minerals Ltd. is a Canadian-based junior exploration company comprised of highly qualified mining professionals with two very prospective copper-gold exploration projects, the Pyramid Project and the Kinskuch Project, both located in northwestern British Columbia in close proximity to, or within the “Golden Triangle”.

ON BEHALF OF THE BOARD OF
OK2 MINERALS LTD.

Per: “Minaz Devji” Minaz Devji,
CEO and Director

This news release was prepared by Company management, who take full responsibility for its content. George Cavey P.Geo, Director, is a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators and has reviewed and approved the technical disclosure in this release.

The RC rock chip samples were prepared at the ISO certified SGS Canada Minerals in Burnaby, B.C. and analyzed at the SGS Canada Minerals facilities in Burnaby using a GE-IC14A procedure. IC14A is an Aqua Regia Digestion with an ICP-MS finish. The company routinely inserted known commercially prepared standards every 10th sample and did not detect any QC/QA concerns from the analytical results.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

OK2 Minerals 
Mike Devji 
(604) 258-8666 
mike.devji@ok2minerals.com

Investor Relations 
Kin Communications 
1-866-684-6730 (toll-free) 
ok@kincommunications.com

Distribution channels: Mining Industry