- K2 Gold (TSXV:KTO) has revealed the exploration results from its Mojave Project in Nevada
- Exploration focused on two targets on the south-western side of the property
- The Stega Target returned rock chip samples at 5.14 grams per tonne gold over 11.6 metres
- Rock sampling at the Soda Ridge target has returned assays up to 3.28 grams per tonne gold, 909 grams per tonne silver, two per cent lead and 3.9 per cent copper
- K2 Gold (KTO) is trading up 6.6 per cent and is trading at C$0.48 per share
K2 Gold (TSXV:KTO) has revealed the exploration results from its Mojave Project in Nevada.
The company has posted the results from two targets on the western side of the property, the Soda Ridge target and the Stega target.
Stega returned rock chip sampling results that assayed at 5.14 grams per tonne gold over 11.6 metres.
The Stega target is approximately three kilometres by two kilometres, lying in the southwestern portion of Mojave.
Soda Ridge rock samples returned results up to 3.28 grams per tonne of gold, 909 grams per tonne silver, two per cent lead, and 3.9 per cent copper.
Historic exploration drilling on the Soda Ridge target has returned assay results as high as 5.21 grams per tonne gold over 6.1 metres.
The Mojave property has been explored on and off since the 1980’s and previous owners have included BHP and Newmont.
The majority of exploration at Mojave has thus far been focused on the eastern side of the property.
K2 Gold has stated that the results from the western side of the property highlight the importance of reviewing the property in its entirety.
Stephen Swatton, President and CEO of K2 Gold, said the early results from the target area showed the potential not just of the western target, but the entire Mojave property.
“We have now identified twelve gold and base metal targets on the 5,800-hectare property and look forward to drilling the eastern target with a helicopter supported program in the near future,” he said.
K2 Gold (KTO) is up 6.6 per cent and is trading at C$0.48 per share at 11:15 am EDT.