well just because I cannot identify it from on top of my head,
doesn't mean it's not rare.. maybe the opposite is more likely even
(so rare that I haven't seen it before

)
I'd still say do not weld or cut the chassis at all
(other than maybe closing the holes drilled to relocate the pedals but even that I personally would until I knew what it is)
That kart is OLD, and very much so
it's 50 years or older ..
the 4" hands wheels and the 60's racing drum brake
tell me it never was a cheap kart but in fact is a race kart from the sixties.
The Rupp (or rather Lancer) style motor mount and the wide butthoops
also at least are reminiscent of sixties race karts from better known manufacturers..
(it's for a reason I though it's a McCulloch... and not the colour

)
could be a Bug I haven't seen for example.
But there have been dozens and dozens of manufacturers back the,
many I can't recall and dozens I never even heard of.
And that doesn't make this kart less collectible quite frankly,
I mean many never heard of Evans karts either and if you find one
it's either is terribly pricey or you'd be rich the very next day
Haven't had time to dig through the internet yet btw.
[
EDIT]
Geez I'm an idiot..
it is not only a go kart it is
A "Go Kart"... the real deal,
the brand that caused the name to spread
A GK 808 is too close to be coincidental
See.. seat contour fits, steering hoop is correct,
front bumper matches..
even has hands wheels and the motor mount matches too.
too bad it has a Nassau panel on the pic and even worse the pic is a hair small..
but yeah it's off the GoKart shelf I bet.
for comparision here's a rotten GK800
(seat's slightly different) but the bearing hangers can be spotted (and are identical IMHO) you see the exact same drum brake on the GK800 as yours and the front is certainly of similar bred too

(
here's a restored Gk800)
yeah I'm convinced you have a
GoKart
(and yes that's a collectible I'm afraid

)
'sid