K2 Gold Corporation (TSX-V:KTO) has approved a C$9.8 million ($10.62 million) budget for 2026, designed to advance the Mojave Project and drill testing for high-priority targets at the Si2 Project in the US.
CEO Anthony Margarit says the board’s approval of the budget is considered an endorsement of the progress made across the portfolio.
“At Mojave, we continue to demonstrate compelling scale, with multiple kilometres of high-grade gold, copper, and polymetallic gold-silver-lead-zinc trends now defined, positioning the project for a return to drilling – something our team has been working toward for several years, and which will be particularly meaningful for us,” Margarit says.
“In parallel, our work at Si2 has generated a very compelling pipeline of new targets that we expect to see drill-tested in the near term, while the Wels Project presents an opportunity to reignite value in Yukon.
“Together, we believe these projects place K2 in a strong position to deliver multiple discovery-oriented catalysts through 2026.”
The Mojave Project represents a polymetallic mineralised system, hosting a 5km-long corridor of gold mineralisation in the east and 5km of strike of copper mineralisation in the west.
Si2 is a compelling analogue to other low-sulphidation epithermal gold deposits, including AngloGold’s (NYSE:AU) Expanded Silicon Project.
Meanwhile, the Wels Project in the Yukon Territory, consists of 350 contiguous quartz claims covering 7,200 hectares.
K2 Gold is a gold explorer focused on discoveries across the western US and Canada.
Write to Aaliyah Rogan at Mining.com.au
Images: K2 Gold Corporation
