K2 Gold - Mojave Project Permit Received, Over $10M in Treasury for Drilling In 2026
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).
- 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.
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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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