Welcome to our dedicated page for K2 Gold news (Ticker: KTGDF), a resource for investors and traders seeking the latest updates and insights on K2 Gold stock.
K2 Gold Corporation reports developments as a gold exploration company with projects in California, Nevada and Yukon. News commonly covers its flagship Mojave Project in Inyo County, California, including NI 43-101 technical reporting, environmental review milestones and exploration drilling plans.
Company updates also include drilling and target generation at the 100%-owned Si2 Gold Project in Nevada's Walker Lane Trend, Yukon exploration work at Wels and Wolf, technical disclosures prepared under Canadian mining reporting standards, exploration budgets and trading-status changes for KTGDF on the U.S. OTC market.
K2 Gold (TSXV: KTO) (OTCQB: KTGDF) has announced plans to extend the exercise period for two sets of warrants. The first set consists of 11,988,250 warrants exercisable at $0.30 per common share, originally set to expire on February 1, 2025, which were issued through a private placement on February 1, 2023. The second set includes 10,450,000 warrants exercisable at $0.30 per common share, originally expiring February 15, 2025, issued through a private placement on February 15, 2024. The company proposes to extend the expiry dates for both warrant sets to October 1, 2025.
K2 Gold (KTGDF) has announced an agreement to acquire 100% interest in the Si2 Project in Nevada from Orogen Royalties for C$250,000, payable in cash or common shares. The deal includes a 2% NSR royalty retained by Orogen. This follows a terminated Option Agreement where K2 made US$200,000 in cash payments and invested over C$2.3 million in exploration.
An alteration study on drill core samples revealed an intact low sulphidation epithermal gold system at Si2, with the most promising zones located within and adjacent to fault structures below current drilling depth. The study analyzed 108 spectral analyses on 95 samples, showing progression from surface alunite and kaolinite to deeper illite-chlorite formations. The highest gold mineralization was found at approximately 200m vertical depth, suggesting potential for higher-grade gold deposits at deeper levels.
The company plans to continue exploration at Si2 in 2025, including enhanced geological mapping, expanded geophysical surveys, and refined drill targets.
K2 Gold announced final results from its Fall 2024 rock sampling program at the Mojave Project in California. The sampling covered a 750m wide x 3km long northwest trend at the Cerro Gordo target area, revealing significant mineralization across multiple zones. The 105 samples collected showed exceptional results with high-grade gold, silver, copper, lead, and zinc values, including peaks of 18.1 g/t Au, 2,380 g/t Ag, 16.55% Cu, 15.25% Pb, and 7.44% Zn. Notable areas sampled include the Sunset Mine, B Zone, Wheelbarrow Adit, Ignacio Silver Mine, and Morningstar Mine, demonstrating potential for both high-grade vein and bulk tonnage mineralization.
K2 Gold announced initial results from its Fall 2024 rock sampling program at the Mojave Project in California. The program revealed exceptional gold and copper values, including rock grab samples of up to 375 g/t Au at Gold Valley target, with first-ever visible gold observed. The Soda Valley target returned 9 samples with >1% Cu, including values up to 2.91% Cu over a 2km trend. The project hosts a 4.5km corridor of high-grade gold mineralization and 5km of high-grade copper mineralization. Results are pending for 105 samples from the Cerro Gordo Au-Ag-Pb-Zn target.
K2 Gold has provided updates on its 2024 exploration activities across three projects. At the Mojave Project, the Draft Environmental Impact Statement is under review, and sampling at Gold Valley yielded the first-ever visible gold discovery. The company collected 74 samples project-wide, including 38 from Gold Valley and 21 from Soda Canyon's copper trend. At the Si2 Project, geological studies are nearing completion, including down-hole alteration analysis and age dating. The Wels Project saw its first pass soil sampling with 764 samples collected, revealing gold values up to 242 ppb and identifying new target areas.
K2 Gold has announced updates on its 2024 exploration programs. The company will commence a soil sampling program at the Wels Project in Yukon Territory to gather data over unexplored areas and evaluate potential extensions to the Saddle and Pekoe targets. Additionally, drill core from the 2023 diamond drilling at the Si2 Project in Nevada will undergo hyperspectral analysis to identify clay species and guide future exploration. The Mojave Project's Environmental Impact Statement (EIS) process for Phase II drilling is progressing well, with completion expected by Q4 2024.
The Wels Project will sample up to 1,130 sites focusing on a northwest ridgeline identified through LiDAR and geophysical data. The Si2 Project will use hyperspectral imaging to analyze drill cores, an emerging technique providing detailed mineralogical information. This analysis aims to determine mineral alteration temperatures and depths, aiding in identifying stronger mineralization zones. Eric Buitenhuis, K2's Vice President of Exploration, has reviewed and approved the technical information.
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