Northwire Canada EditionThursday, October 15, 2026
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GOLD 4107.90 −1.7% SILVER 55.88 −6.1% COPPER 6.62 −1.6% OIL 95.09 +1.0% PALLADIUM 1096.50 −2.7% CIA 2.64 −0.4% BTO 7.09 −4.3% MCI 0.155 +0.0% CAN 0.065 +0.0% BLDS 0.335 +8.1% SAO 0.050 +0.0% SF 0.315 +0.0% BEA 0.055 −15.4% BMM 3.90 +11.1% AUGC 0.295 −13.2% MFG 3.34 −3.8% CDE 21.33 −7.7% CYG 0.160 −5.9% RSMX 0.100 −4.8% TUF 0.830 −5.7% GPG 0.285 −3.4% GOLD 4107.90 −1.7% SILVER 55.88 −6.1% COPPER 6.62 −1.6% OIL 95.09 +1.0% PALLADIUM 1096.50 −2.7% CIA 2.64 −0.4% BTO 7.09 −4.3% MCI 0.155 +0.0% CAN 0.065 +0.0% BLDS 0.335 +8.1% SAO 0.050 +0.0% SF 0.315 +0.0% BEA 0.055 −15.4% BMM 3.90 +11.1% AUGC 0.295 −13.2% MFG 3.34 −3.8% CDE 21.33 −7.7% CYG 0.160 −5.9% RSMX 0.100 −4.8% TUF 0.830 −5.7% GPG 0.285 −3.4%
Drill Results Routine +

K2 Drills 27.43m of 4.03 g/t Au at Dragonfly, Confirms Multiple Stacked High-Grade Oxide Gold Structures

K2’s Dragonfly step-back confirms stacked oxide gold with a best intercept of 27.4m at 4.08 g/t below the 2026 anchor.

By The Northwire Desk — AI Analysis Sep 09, 2026 · 07:00 KTO · 0.87 K2 Gold Corporation
Executive Summary

K2 Gold Corporation reported assay results from four new drill holes at the Dragonfly target on its Mojave Project: DF26-021, DF26-022, DF26-023, and DF26-024. These holes were drilled from pad DF-F, located 40 meters west of the 2020 discovery hole DF20-002.

The company provided the following apparent-width intercepts:

  • DF26-023: 27.43m at 4.08 g/t Au from 82.30m, including 15.24m at 5.30 g/t Au.
  • DF26-024: 3.05m at 17.55 g/t Au from 62.48m, then 28.95m at 2.03 g/t Au from 97.54m, including 16.76m at 3.03 g/t Au.
  • DF26-021: 32.01m at 2.02 g/t Au from 50.29m, including 4.57m at 8.81 g/t Au.
  • DF26-022: 33.53m at 1.63 g/t Au from 102.11m, including 6.10m at 4.97 g/t Au and 4.58m at 3.67 g/t Au.

K2 Gold stated that the results confirm multiple stacked west-dipping gold-bearing structures that remain open in all directions. To date, 23 holes totaling 4,182 meters have been completed as part of a permitted and funded 14,000-meter campaign. Drilling is now being conducted by Newmont, with 16 holes pending assay results.

Material Impact

K2 Gold Corporation (KTO) is a pre-resource explorer with a market capitalization of approximately C$211M and no mineral resource estimate. The company has de-risked permitting, financing, and initial Dragonfly drilling, with its share price roughly doubling from the 2025 low and reaching near the 52-week high.

The market’s current anchor is the August 18, 2026 Dragonfly result, specifically DF26-020, which returned 39.62m at 5.35 g/t Au. Against that benchmark, the new best continuous intercept is shorter, lower grade, and yields about half the gram-metre product. While the new release provides useful confirmation of stacked structures and extends the system laterally and down-dip from the 2020 discovery, it does not represent a clean upgrade or a step-change discovery.

KTO · Price
Company Overview

K2 Gold Corporation is a pre-revenue gold explorer listed on the TSX-V and OTCQX. Its flagship Mojave Project in California covers over 6,000 hectares and features oxide gold and polymetallic targets, with a 14,000m drill program currently underway.

Drilling is focused on the Dragonfly zone, which consists of shallow, oxidized, stacked west-dipping gold structures. The company is also drilling the Newmont zone, a southern target along the Eastside Gold Trend. Additionally, the Morningstar target contains high-grade Ag-Au-Cu showings and historical drilling, though it is separate from the current Dragonfly release.

In Nevada, the Si2 Project involves low-sulphidation epithermal gold exploration. Drilling in 2026 confirmed broad low-grade gold but no economic grades. The company also holds early-stage gold exploration assets at the Wels and Wolf projects in the Yukon.

The balance sheet shows cash of about C$31.1M at Q2 2026 with no debt, although there has been significant share count growth from financing.

Read the original news release →

More from K2 Gold Corporation

Oct 08, 2026 · 07:00

K2’s Dragonfly strike extends 1km with Flores hitting 28.8 g/t Au as the 14km drill campaign advances.

Drill Results Sep 22, 2026 · 07:00

K2’s Dragonfly step-out extends high-grade strike to 160m, though grades halved compared to the best 2026 hole.

Drill Results Sep 16, 2026 · 07:00

K2 reports 97% cyanide-soluble gold from the Mojave oxide deposit, with bottle-roll recovery results pending.

Technical Study Aug 26, 2026 · 07:00

K2 reports high-grade polymetallic rock samples from its Mojave exploration pipeline, advancing the project’s development.

Drill Results Aug 18, 2026 · 07:00

K2’s initial 2026 Mojave drill holes confirmed oxide gold but fell short of the high-grade gram-metre anchor established in 2020.

Drill Results Jul 07, 2026 · 06:01

K2’s Mojave drilling advances on schedule, with assay results serving as the primary catalyst for future project developments.

Drill Results