Northwire Canada EditionThursday, November 12, 2026
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Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7% Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7%
Drill Results

K2 Gold starts drilling at Si2 gold project

Drilling Launch at Secondary Asset Maintains Momentum Following Massive 380% Mojave-Fueled Rally

By The Northwire Desk — AI Analysis Jan 22, 2026 · 11:15 KTO · 0.72 K2 Gold Corporation
Executive Summary

On January 22, 2026, K2 Gold Corp. announced the commencement of drilling at its 100%-owned Si2 gold project in Nevada. This program follows the strategic timeline outlined in the January 19 press release. The campaign targets deeper structural zones within a low-sulphidation epithermal gold system, specifically aiming for the "boiling zone" which management believes was missed by shallower drilling in 2023. The company views Si2 as a geological analogue to AngloGold Ashanti’s Silicon project.

Material Impact

While the commencement of drilling is a positive operational milestone, it is classified as Routine - Positive rather than Material. The market had already priced in this activity following the 2026 Budget approval ($9.8M) announced on January 5 and the specific drill targeting announcement on January 19.

The primary driver of K2's valuation remains the Mojave Project in California. However, active drilling at Si2 serves a critical strategic purpose: it provides news flow and potential catalysts during the regulatory waiting period for the Mojave Record of Decision (ROD). It diversifies exploration risk away from a single asset in a difficult jurisdiction (California). The immediate impact on the stock price is likely neutral to slightly positive as it confirms the company is executing its aggressive 2026 plan without delay.

KTO · Price
Company Overview

K2 Gold is a Discovery Group company focused on gold exploration in the Western USA and Canada. - Flagship: Mojave Project (California): A 5,830-hectare oxide gold project. It has faced significant permitting hurdles in California but achieved a major breakthrough in Dec 2025 with the Final EIS. It features high-grade oxide gold (e.g., 86.9m of 4.0 g/t Au). - Si2 Project (Nevada): An exploration-stage epithermal gold project currently being drilled. - Wels Project (Yukon): A high-grade gold project in the Tintina Gold Belt.

Read the original news release →

More from K2 Gold Corporation

Oct 20, 2026 · 07:00

K2’s Dragonfly deposit recorded a program-best 285 g/t over 1 m, with oblique drilling and no resource cap supporting a potential re-rate.

Drill Results 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 Sep 09, 2026 · 07:00

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.

Drill Results Aug 26, 2026 · 07:00

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

Drill Results