K2 Gold Samples 23.4 g/t Gold, Discovers New Gold Zones At Mojave

K2 Gold Corporation (TSXV: KTO) announced this morning the preliminary results from its 2021 exploration program at the Mojave project in Southern California. Samples collected returned assays up to 23.4 g/t gold, which the company believes to indicate new zones of gold mineralization.

The exploration program is being conducted on five target areas in Mojave, namely Gold Valley, Dragonfly, Remi, Newmont, and Flores. From the 279 prospecting chip and grab samples collected, the company reported discoveries of new zones of mineralization following the results of the individual assays.

K2 Gold highlighted a discovery of three new zones of mineralization at the Flores area from which rock samples up to 23.4 g/t gold were collected. An additional zone of mineralization was also discovered at the Dragonfly area which returned rock samples up to 14.5 g/t gold.

To date, the company has collected over 700 rock samples and 657 soil samples from 13 target areas on the Mojave property. Details of the results will be “released in due course.” The company also intends to conduct a 10,000 metre drill program across thirty sites on the property, which is currently earmarked for the latter half of this year.

K2 Gold Corporation last traded at $0.32 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization unless otherwise mentioned. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Endeavour Mining Q1 Earnings: Cash Flow Is King

G Mining Oko West Feasibility: Move Fast, Break.. Nothing?

New Gold Q1 Earnings: What’s Behind The Market’s Surprising Reaction?

Recommended

Giant Mining Encounters Native Copper As Hole MHB-34 Hits 563 Metres Depth

Verses Hits Commercialization Stage With Genius AI Platform

Related News

Superior Gold Produces 19,356 Gold Ounces For Q2 2021

Superior Gold Inc. (TSXV: SGI) announced today its production results for Q2 2021, highlighting gold...

Wednesday, July 14, 2021, 09:44:00 AM

Midas Gold Feasibility Study Values Stibnite Gold Project At $1.9 Billion At $1850 Gold

Midas Gold (TSX: MAX) this morning announced the completion of a feasibility study for its...

Tuesday, December 22, 2020, 08:47:07 AM

Aztec Minerals Hits 88.41 Metres Of 1.1 g/t Gold In First Drill Hole At Cervantes

Results are already starting to trickle in for the latest drill program undertaken by Aztec...

Wednesday, February 16, 2022, 08:48:41 AM

Skeena Resources Announces Fully Subscribed $20 Million Flow Through Financing

Skeena Resources (TSX: SKE) this morning announced that it will be conducting a flow-through financing....

Wednesday, February 24, 2021, 09:15:23 AM

Trillium Gold Intersects Red Lake Mine-Style Geology At Gold Centre In Initial Drilling

Trillium Gold Mines (TSXV: TGM) this morning reported the first results from the ongoing drill...

Monday, July 26, 2021, 07:32:06 AM