Drilling Underway at K2 Gold's Si2 Project in Nevada
Drilling Underway at K2 Gold's Si2 Project in
Nevada
Vancouver, British Columbia--(Newsfile Corp. - January 22, 2026) -
K2 Gold Corporation
(TSXV:
KTO) (OTCQB: KTGDF) (FSE: 23K) ("K2" or the "Company") today announced that drilling is now
underway at its 100%-owned Si2 Gold Project, located approximately 59 kilometers west of Tonopah,
Nevada, in the prolific Walker Lane Trend.
This drill program represents the culmination of significant technical studies and reinterpretation at Si2.
The project is now understood to be an intact low-sulphidation epithermal gold system, with prior drilling
having tested only the shallow upper expression. For the first time, K2 is drilling high-priority targets at
depth, where stronger gold mineralization is commonly developed in epithermal systems.
Figure 1
: RC drill rig setup at first drill pad at Si2.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6578/281228_96892cce745379e2_002full.jpg
"The commencement of this drill program is a direct result of our technical team's strength,"
said
Anthony Margarit, President & CEO of K2 Gold.
"Their work has fundamentally upgraded the Si2
geological model. We are now drilling the most compelling targets identified to date- testing both
previously undrilled structures and the depths where our studies indicate the most productive levels of
the Si2 epithermal system should lie. Si2 gives K2 a second, high-conviction discovery opportunity in
one of the most proven gold districts in the U.S.A."
Key Drivers Behind the Si2 Drill Program
Diligent scientific and technical studies reveal untapped potential.
First-ever testing of newly defined, deeper structural targets property-wide.
Si2 exhibits many similar characteristics to AngloGold Ashanti's Arthur Project (previously named
Silicon)
1
The right address: located in the prolific Walker Lane of Nevada - host to several world-class
epithermal systems.
2
Establishes Si2 as a near-term discovery catalyst, alongside the Company's flagship Mojave
Project.
Qualified Person ("QP") and QA/QC
The technical information in this news release has been prepared in accordance with Canadian
regulatory requirements set out in NI 43-101 and reviewed and approved by Eric Buitenhuis, M.Sc.,
P.Geo., K2's QP and Vice President of Exploration.
1
.
AngloGold Ashanti renames Expanded Silicon Project The Arthur Gold Project
https://www.anglogoldashanti.com/portfolio/americas/united-
states-projects
2
.
USGS Mineral Resources Program, 2016:
https://www.usgs.gov/programs/mineral-resources-program/science/magmatic-tectonic-history-
and-component-sources-major-0?
About K2 Gold Corporation
K2 Gold Corp. is led by a team that has delivered over $2.6 billion worth of gold transactions, including
Great Bear Resources' C$1.8 billion sale to Kinross and Kaminak Gold's sale to Goldcorp for
approximately C$520 million. Chairman John Robins, who also chaired Kaminak, is now poised to
deliver yet again for K2 Gold. In addition, K2 Gold is part of Discovery Group, an alliance of companies
responsible for the discovery of over 10 million ounces of gold.
K2 also holds:
The
Mojave Project
is a +6000-hectare oxide gold project with base metal targets located in Inyo
County, California. Multiple previously recognized surface gold targets have been successfully drilled in
the past, most notably by Newmont and BHP. Since acquiring the property, K2 has completed
geochemical and geophysical surveys, geologic mapping, LiDAR, a WorldView 3 alteration survey, and
successfully completed a 17-hole RC drill program focused on the Dragonfly and Newmont Zones.
Highlights from K2's drilling program include 6.68 g/t Au over 45.72m from surface at the Dragonfly
Zone, and 1.69 g/t Au over 41.15m from 44.20m depth at the Newmont Zone.
The
Wels Project
lies approximately 60km south of Fuerte Metals Coffee project discovered by
Kaminak Gold Corporation (formerly a Discovery Group company prior to its acquisition by Goldcorp-
Newmont). Both the Coffee project and the Wels project lie within the Tintina Gold Belt, share similar
characteristics, and are host to structurally controlled gold mineralization within intrusive rocks exhibiting
multiple trends of mineralization.
K2's 2023 Reverse Circulation drilling program at the Wels Project intersected gold in each of 12 drill
holes, including the discovery of a new mineralized corridor at the Saddle South target. The Wels land
position consists of 350 contiguous quartz claims covering 7,200 hectares and lies within the traditional
territory of White River First Nation.
K2 Gold is committed to responsible exploration, safety, Indigenous and community engagement, and
advancing high-quality projects through a collaborative and technically disciplined approach.
On behalf of the Board of Directors,
Anthony Margarit
President and CEO
778-266-1456
www.k2gold.com
For further information about K2 Gold Corporation or this news release, please visit our website at
k2gold.com
, contact our office at 778-266-1456, or
.
K2 Gold Corporation is a proud member of Discovery Group based in Vancouver, Canada. For more
information please visit:
discoverygroup.ca
.
Cautionary Statement on Forward-Looking Statements
This news release contains forward-looking statements that are not historical facts. Forward-looking
statements involve risks, uncertainties and other factors that could cause actual results, performance,
prospects, and opportunities to differ materially from those expressed or implied by such forward-looking
statements, including statements regarding the exploration program at Si2, Wels, and Mojave, including
results of drilling, and future exploration plans at Si2, Wels, and Mojave. Factors that could cause actual
results to differ materially from these forward-looking statements include, but are not limited to, variations
in the nature, quality and quantity of any mineral deposits that may be located, the Company's inability to
obtain any necessary permits, consents or authorizations required for its planned activities, and the
Company's inability to raise the necessary capital or to be fully able to implement its business strategies.
The reader is referred to the Company's public disclosure record which is available on SEDAR+
(
sedarplus.ca
). Although the Company believes that the assumptions and factors used in preparing the
forward-looking statements are reasonable, undue reliance should not be placed on these statements,
which only apply as of the date of this news release, and no assurance can be given that such events will
occur in the disclosed time frames or at all. Except as required by securities laws and the policies of the
TSX Venture Exchange, the Company disclaims any intention or obligation to update or revise any
forward-looking statement, whether as a result of new information, future events or otherwise.
This news release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be
any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be
unlawful, including any of the securities in the United States of America. No securities of the Company
have been or will, in the foreseeable future, be registered under the United States Securities Act of 1933
(the "1933 Act") or any state securities laws and may not be offered or sold within the United States or
to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless
registered under the 1933 Act and applicable state securities laws, or an exemption from such
registration requirements is available.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
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