K2 Gold Provides Exploration Update on Drill Program at the Mojave Project, California
K2’s Mojave drilling advances on schedule, with assay results serving as the primary catalyst for future project developments.
K2 Gold Corporation (KTO) has issued an operational update regarding its fully funded 14,000-meter reverse circulation (RC) drill program at its 100%-owned Mojave Project in California. Drilling at the Dragonfly Target has begun, with 574.5 meters completed across three holes and a fourth hole currently in progress. The company reports that productivity is meeting or exceeding expectations.
This program serves as a follow-up to significant historical intercepts identified in 2020, specifically testing the lateral and vertical continuity of the gold-mineralized system. While assay results are pending, surficial exploration continues at the Flores, Morningstar, and Stega targets, with 797 rock samples collected to date.
K2 Gold Corporation (KTO) released an operational update confirming that its previously announced 2026 drill program at the Mojave project is progressing as planned. The update follows mobilization announcements made in June 2026 and the Bureau of Land Management Record of Decision issued in April 2026.
The report does not contain new assay results, revised resource estimates, or changes to the project's financial outlook. As the market awaits actual assay results to validate historical intercepts, no material impact on the stock price is anticipated from this incremental update alone.
K2 Gold Corporation is an exploration-stage gold company focused on the Western United States and Canada. Its flagship asset is the Mojave Project, a 5,830-hectare property in Inyo County, California, prospective for gold, silver, copper, and lead-zinc. Key targets on the property include Dragonfly, Newmont, Gold Valley, Flores, Morningstar, and Stega.
Historical data highlights include the Dragonfly target, which intersected 86.9m @ 4.0 g/t Au from surface, including 45.72m @ 6.68 g/t Au. Additionally, Gold Valley grab samples returned up to 375 g/t Au. The company also holds other projects, including the Si2 Project in Nevada’s Walker Lane Trend, as well as the Wels and Wolf Projects in the Yukon Territory.