K2 Mobilizes Drill - Mojave Project
K2 Mobilizes Drill - Mojave Project
Vancouver, British Columbia--(Newsfile Corp. - June 16, 2026) -
K2 Gold Corporation
(TSXV: KTO)
(OTCQX: KTGDF) (FSE: 23K) ("K2" or the "Company") today announced that mobilization of the drill rig
to the Dragonfly Target has commenced at the Company's 100%-owned Mojave Project located in Inyo
County, California.
The Dragonfly Target was selected as the starting point for the program based on high grade results
from K2's previous drilling and ongoing geological interpretation (
see K2 News Release dated
November 30, 2020
). The target area hosts a broad zone of high-grade gold mineralization beginning at
surface and remains one of several priority targets identified across the Mojave Project.
"The mobilization of the drill rig to the Dragonfly Target marks a long-awaited milestone for K2. We
appreciate the efforts of our contractors, regulators and stakeholders who have assisted in advancing
the project to this stage, as well as the patience of our dedicated shareholders who have believed in
the project. We look forward to drilling and systematically evaluating the significant exploration
potential identified across the Mojave Project,"
stated Anthony Margarit, President and CEO of K2
Gold.
The Mojave Project is located in Inyo County, California and consists of approximately 5,830 hectares of
mining claims and patented ground prospective for gold and polymetallic mineralization. Historical and
recent exploration has identified multiple target areas across the property, including Dragonfly,
Newmont, Gold Valley, Soda Valley and Morningstar.
Further updates will be provided when drilling commences, and as assay results become available.
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.
About K2 Gold Corporation
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
Si2 Project
is a low-sulphidation epithermal gold system located in Nevada within the Walker Lane
Trend. Historical shallow drilling tested only the uppermost levels of the system and returned anomalous
gold, silver, and pathfinder elements. Since acquiring the project, K2 has completed detailed geologic
mapping, surface geochemistry, geophysics, alteration mineralogy studies, fluid inclusion analysis, and
age dating. These integrated datasets confirm that prior drilling did not test the interpreted boiling zone,
where gold grades are typically maximized in epithermal systems. K2's work has delineated multiple
priority structural targets at depth, positioning Si2 for systematic drill testing of higher-grade potential
below historical intercepts.
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
Wolf Project
is a new district-scale gold exploration project in west-central Yukon Territory,
Canada, located 80 km south of the 3.0 Moz Au Coffee Gold Project currently under development by
Fuerte Metals. Wolf consists of the Wolf South block, a >10km long gold-in-soil anomaly previously held
by multiple operators and consolidated by K2, and the Wolf North claim blocks which host greenfield
intrusion-related and epithermal gold targets.
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 email
.
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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