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) upon publication of the forthcoming Record of Decision (30 days).
- 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.
Click here to sign up for the webinar, tomorrow December 3rd at 9am PT (12pm ET).
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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For anyone who doesn’t understand drilling intercepts 219g’t Au over 9.35 meters is the same as 21.9 g/t over 93.5 meters. Actually having the grade concentrated the way it is makes it easier to mill a lot of gold very fast and much easier to truck. AMAZING! DT
I’m not Matthew but I understand your math. Also NFLD is a mining friendly place, open for business.
Irish Tony, this doesn’t sound good for you! JP Morgan is moving its gold desk to Singapore not just for tax reasons but because there is a concern that Europe is going to clamp down on capital controls. The concern is that Europe will outlaw Bitcoin, precious metals, repatriate their paper currency and go to digital because Europe is preparing for war. A number of European countries are openly talking about the draft. The US may enforce capital controls on Europe. JP Morgan is leaving New York so they can keep their precious metal business. Singapore is neutral. Britain is seen as part of The European coalition and if this happens you would need government approval to sell any of those assets I listed above. I hope this helps. DT 🫵
Not sure i can follow your post in it’s entirety DT.
Bitcoin being 21st century digital tulip bulbs it would be great if Europe banned them. Outlaw precious metals? I assume you mean banning ownership by the public which i believe was tried in the states in the 20th century and ultimately failed. Governments being what they are i could see this happening and your post does say government would control citizen’s sale of assets.
But i’m not sure what you mean by European countries ‘repatriating their currency’ to go digital. Ordinarily a new gold backed currency is the suggested replacement when repatriating fiat currency is proposed rather than replacing fiat with digital as your text suggests. Do you mean an alternative digital currency would be created but it would not be Bitcoin?
Anything is possible of course. Interesting post.
Hi blazesb, the idea with Bitcoin and precious metals is you couldn’t sell either without permission from the government, that would effectively outlaw their use as currency. The European government would create it’s own digital currency. By repatriating their currency means banning and replacing it with a new digital currency created by them for them. DT
Hi DT….. Yes i read it thanks for the post & yes they do want to enclave us with a diggy currency & diggy ID’s . The British puppit politicans want 100% control over the people. It’s all pary of the Kalgery Plan.
Diggy, that is a good one! LOL! DT
Hi Matthew, did you notice the grades NFG put out yesterday. I think the market hasn’t woken to the potential here. They recently acquired Maritime Resources and they have two working mills, The Pine Cove Mill (1500 TPD) has been refurbished and is now pouring ore. Pine Cove sits right on the shoreline so they have easy access to water barges. The Trans Canada highway runs overtop of New Found Gold’s property and Gander Airport sits 8 miles away. The infill results from yesterday are very high grade and close to the surface. NFG can truck their ore to Pine Cove for processing. Maritime also had some really excellent high grade drill results at Hammerdown that now belong to NFG. I could go on at length but I’m sure you are aware of this play.
New Found Gold Confirms High-Grade Gold Mineralization Over Broad Widths from Keats Zone Initial Grade Control Drilling, Queensway Gold Project: 219 g/t Au over 9.35 m from 19.00 m and 160 g/t Au over 10.30 m from 15.80 m