In this breaking update, Anthony Margarit, President and CEO of K2 Gold (TSX.V:KTO | OTCQB:KTGDF | FSE:23K), confirms receipt of the long-awaited exploration permit for the Mojave Project in California.
The Company is fully funded for its initial Phase I drill program, thanks to the recent exercise of over 30 million warrants, boosting the treasury to $10.8 million. We discuss the immediate roadmap for drilling, which commences in early 2026 and will focus on expanding high-grade, near-surface oxide gold at the Dragonfly and Newmont zones.
Key Discussion Points:
- Permit Secured: The BLM’s issuance of the Final EIS allows for the immediate commencement of exploration on the Mojave Project (22 drill pads permitted) upon publication of the forthcoming Record of Decision (30 days).
- Fully Funded Program: Recent warrant exercises have positioned the Company with $10.8 million in the treasury, fully funding the next year of exploration.
- Phase I Focus: Drilling will target the Dragonfly and Newmont zones, focusing on expanding near-surface oxide gold.
- District Upside: The property hosts multiple poly-metallic trends, including the never-before-drilled Gold Valley target, which returned up to 375 g/t Au at surface.
Click here to sign up for the webinar, tomorrow December 3rd at 9am PT (12pm ET).
If you have any follow up questions for Anthony please comment below or email me at Fleck@kereport.com.
Click here to visit the K2 Gold website.
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Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
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