K2 Gold Corp (TSX-V:KTO) is kicking off drilling at its Mojave project in California, with a drill rig already mobilised to the Dragonfly target.
The company has selected Dragonfly as the starting point for the program based on ‘high-grade’ results from previous drilling and continuing geological interpretation.
The target area hosts a broad zone of gold mineralisation beginning at surface and remains one of several priority targets identified across the project.
K2 Gold CEO Anthony Margarit says the mobilisation of the drill rig to the Dragonfly target marks a “long-awaited milestone” for the company.
“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,” Margarit says.
“We look forward to drilling and systematically evaluating the significant exploration potential identified across the Mojave project.”
Located in Inyo County, California, the Mojave project covers approximately 5,830 hectares of mining claims and patented ground prospective for gold and polymetallic mineralisation.
Target areas identified across the property from historic and recent exploration include Dragonfly, Newmont, Gold Valley, Soda Valley, and Morningstar.
The company will provide updates when drilling commences and as assay results become available.
K2 Gold Corp is a member of the Discovery Group, with a project portfolio that includes the Mojave project in California, the Si2 project in Nevada, and the Wels and Wolf projects in Canada’s Yukon Territory.
Write to Paula Fabe at Mining.com.au
Images: K2 Gold
